Vale says court overturns suspensions of Sossego, Onca Puma mines
Vale produced 66,800 metric tons of copper in 2023 in Sossego.
Vale produced 66,800 metric tons of copper in 2023 in Sossego.
The divestment is a key condition for the extension of Vale Indonesia's mining permit beyond 2025.
The environmental secretary of Para state suspended environmental licenses for Onça Puma and Sossego mines.
The miner also announced a pay out to shareholders of about 2.74 reais ($0.5520) per share.
The miners have signed an agreement to integrate the Serra da Serpentina deposit into the Minas-Rio iron ore complex.
Vale produced 66,800 metric tons of copper in 2023 in Sossego.
Vale is looking at expanding the use of industrial batteries to power ports and mining sites.
One Reuters source said the situation was difficult to solve and a new vote had not been scheduled.
Share divestment is a condition required by authorities to extend Vale Indonesia's mining permit, which will otherwise end in 2025.
Analysts have calculated an additional provision between about $3.5 billion and $3.6 billion to match BHP provisions for the year.
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