Vale and France’s GravitHy sign carbon neutral steel study
The agreement will focus on studies to build a factory to produce briquettes from Vale's high-grade iron ore through direct reduction.
The agreement will focus on studies to build a factory to produce briquettes from Vale's high-grade iron ore through direct reduction.
The incoming chair of Vale's newly created base metals business said he wants to focus on margins and marketing.
Cutifani will join Jerome Guillen, a former Tesla executive, on Vale’s so-called energy transition board.
MRN is Brazil's largest bauxite producer and exporter.
It's taking a 30% stake in alumina refinery Alunorte and a 5% interest in bauxite producer Mineracao Rio do Norte, both in Para, Brazil.
First quarter net profit down 59% from a year earlier.
The company produced 66.77 million tonnes of iron ore during the first three months of 2023.
The mining giant has at least two very early-stage projects ongoing in the exploration stage after abandoning a third one.
The three global miners are among at least six companies that have reportedly approached Teck on transactions post-split.
One agreement relates to investment in the Morowali project in Indonesia.