Vale selects EXP as primary engineering consultant for four Canadian sites
This is the first time Vale has issued Canada-wide agreements across the majority of its sites, structured with primary and secondary consultants.
This is the first time Vale has issued Canada-wide agreements across the majority of its sites, structured with primary and secondary consultants.
U.S. Securities and Exchange Commission lawsuit against Vale related to the Brumadinho tailings dam failure three years ago is a reminder that the total consequences for the catastrophe are still being tallied.
The Brazilian miner will provide Tesla with low-carbon class 1 nickel – part of Vale's strategy of increasing its exposure to the EV industry.
Miner renewed its nickel hedging program in 2022 to protect against huge price swings, but ended up losing out on $75 million in potential gains from the metal’s unprecedented rally.
The SEC’s complaint, filed in federal court in Brooklyn, is seeking civil penalties, ill-gotten gains plus interest.
They will develop a facility known for a process called high-pressure acid leaching (HPAL), with a potential mixed hydroxide precipitate production capacity of 120,000 tonnes of nickel content per year.
Vale cited lower sales of iron ore fines and pellets due to an intense rain season in top mining state Minas Gerais.
The program represents around 10% of Vale's outstanding shares.
The new effort will focus on eliminating a dike from its Barragem 5 dam at the Aguas Claras mine, located in the Minas Gerais city of Nova Lima.
The miner sold 53.6 million tonnes of iron ore in the quarter, down 9.6% year-on-year.