Vale CEO says he has never been so optimistic about the company’s future
Vale on Thursday reported a third quarter net profit decline but still landed above market forecasts.
Vale’s third-quarter profit slips but beats expectations
The company reported a 36% year-on-year decline in third-quarter net profit, landing above analyst estimates.
Vale to pay out $2 billion to shareholders, launch buyback program
The company will pay 2.33 reais per common share in dividends and interest on capital on Dec. 1.
Brazil’s J&F to invest more than $1 billion in mining assets bought from Vale
Since taking over the mines, J&F has managed to double its 2021 production to 4 million tons of ore.
Vale taps former investor relations head as CEO of Bionow
Vale subsidiary Bionow, which has been formed to produce biocarbon, is in its early stages.
Vale Institute of Technology, ICMBio to execute genetic sequencing of plants and animals in Brazil
By the end of 2027, the GBB will produce 5,000 genomes of species from Brazilian biodiversity, with 80 species initially defined.
Vale’s iron ore output falls as operations failure hits key mine
The firm produced 86.2 million metric tons of iron ore between July and September.
Vale creates company to sell sand from iron ore tailings
The company wants to reduce the disposal of such materials in dams or piles following major disasters.
Vale weighs base metals IPO in three to four years
Vale is not seeking new partners for its Base Metals unit following a recent equity sale, CEO said.
Vale taps BluestOne to repurpose nickel waste in Brazil
Vale will provide up to 50,000 tonnes per year of refinery slag from Onça Puma to BluestOne for the next 10 years.
