Vale to pay $56 million over dam safety claims — SEC
US securities regulators sued Vale SA last year.
US securities regulators sued Vale SA last year.
During Vale's pilot, 15,000 tonnes of coal-free pellets were made with 100% biocarbon from certified supplies.
The company has approached Mark Cutifani about becoming chair of the base metals business
Among the new nominations are former Espirito Santo Governor Paulo Hartung and the new head of Banco do Brasil's Previ pension fund, Joao Luiz Fukunaga.
Vale will contribute an initial $1.1 million to the University, with a focus on decarbonization and the energy transition economy.
The company has started extracting scrap that had been dumped at a tailings dam at Carajas in northern Brazil since 1985.
Vale said its output of high-grade agglomerates is set to reach 50 million to 55 million tonnes in 2026, up from 32 million in 2022.
Company received offers for a minority stake in the business comprising nickel and copper production.
OQ, formerly known as Oman Oil Company, bought the stake from Vale in 2010.
The Bahodopi project will produce ferronickel with 73,000-80,000 tonnes of nickel content per year, Vale said.