Vale grows iron ore output by 6%, sales lag
The firm produced 78.74 million metric tons of iron ore between April and June.
The firm produced 78.74 million metric tons of iron ore between April and June.
The plan includes the development of the first hybrid railway in Brazil.
Vale is challenging BHP’s claim that the two miners should split any fines over the deadly 2015 dam collapse in Brazil.
Saudi Arabia's Public Investment Fund may strike the deal for a roughly 10% stake of Vale's nickel and copper operations.
Valentine is considered the largest undeveloped gold project in Atlantic Canada and is scheduled to begin production by the first quarter of 2025.
The board of directors is to analyze binding offers for a 10% stake that could be valued at $2.5 billion.
Work at the S11D mine is part of a plan to be able to supply 260 million tons from its northern operations by 2025.
Vale would sell 10% of the unit worth around $2.5 billion, local newspaper reports.
The JV will explore Serabi's Matilda prospect and other targets in the Tapajos region of Brazil, within its Palito Complex.
The agreement will focus on studies to build a factory to produce briquettes from Vale's high-grade iron ore through direct reduction.