Brazilian court clears BHP, Vale and Samarco of charges in 2015 dam disaster
A court in Belo Horizonte ruled that state prosecutors failed to prove that "individual actions" directly contributed to the collapse of the dam.
A court in Belo Horizonte ruled that state prosecutors failed to prove that "individual actions" directly contributed to the collapse of the dam.
The plant will process nickel laterite ore from the Vale unit into 66,000 tons of mixed hydroxide precipitate annually.
Under the free energy market, Vale will be able to negotiate prices directly with its suppliers.
Facility in the port city of Sohar will process 18 million tonnes of iron ore from 2027.
Bacci, who served as finance chief for pulp maker Suzano, will replace Murilo Muller, who is temporarily serving in the job.
The collapse of the dam at an iron ore mine owned by Samarco killed 19 people.
Vale reported a 10% decline in its net revenue year-on-year to $9.55 billion, in line with analyst expectations.
The agreement could be signed this week, nearly nine years after the 2015 disaster in the city of Mariana.
The Americas-focused mid-tier gold miner has cut its full-year production forecast to 235,000 oz. at the midpoint.
As of Friday, the negotiations between the parties were ongoing and no final agreement has been reached on the settlement amount or terms.