Brazil government mulls ‘tougher measures and sanctions’ on Vale, minister says
Brazil's government has regularly criticized the miner for two dam collapses in Minas Gerais state, and for not investing enough in the country.
Brazil's government has regularly criticized the miner for two dam collapses in Minas Gerais state, and for not investing enough in the country.
Three projects were already announced for Oman, Saudi Arabia, and the United Arab Emirates.
Usmar has more than 30 years of industry experience, with his latest role being founder and CEO of Triple Flag Precious Metals.
The Stobie pit is the first phase of Vale's C$945 million plans to revitalize the copper complex in Sudbury.
The iron oxide-copper-gold project is located near Vale's Salobo operations and Ero’s Tucumã project.
Vale said 2024 copper production guidance remains at 320-355 kt.
The company reported output of 80.6 million metric tons for the steel-making ingredient in the three-month period ended in June.
Last week, consulting firm Russell Reynolds delivered a list of 15 potential successors for Eduardo Bartolomeo.
Apolo is seen as critical for reviving the company’s iron ore capacity in Minas Gerais.
The miners will equally share the cost of any damages related to proceedings in Britain over the 2015 disaster.
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