Brazil’s J&F to invest more than $1 billion in mining assets bought from Vale
Since taking over the mines, J&F has managed to double its 2021 production to 4 million tons of ore.
Since taking over the mines, J&F has managed to double its 2021 production to 4 million tons of ore.
Vale subsidiary Bionow, which has been formed to produce biocarbon, is in its early stages.
By the end of 2027, the GBB will produce 5,000 genomes of species from Brazilian biodiversity, with 80 species initially defined.
The firm produced 86.2 million metric tons of iron ore between July and September.
The company wants to reduce the disposal of such materials in dams or piles following major disasters.
Vale is not seeking new partners for its Base Metals unit following a recent equity sale, CEO said.
Vale will provide up to 50,000 tonnes per year of refinery slag from Onça Puma to BluestOne for the next 10 years.
The companies have signed an MOU to study potential joint investment opportunities in renewable energy.
The plan is to develop a hot briquette iron plant that would make high iron content compact bricks to supply steel mills.
Agency says Vale corrupted the “integrity” of the federal inspection system in the Brumadinho case.