Saudi Arabia to visit Brazil and Chile as seeks to diversify mining
The diversification strategy includes plans to expand into international mining to secure access to minerals including copper, cobalt and nickel, as well as lithium.
The Renova Foundation, set up by BHP Group and Vale SA to compensate for a deadly dam burst at a jointly owned Brazilian mine in 2015, will spend 5.86 billion reais ($1.09 billion) this year, up about 25% from 2020, its executive-director told Reuters in an interview on Friday.
($1 = 5.37 reais)
(By Marta Nogueira and Gram Slattery; Editing by Brad Haynes)
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