Vale Indonesia halts mining activities on delayed approval for 2026 output plan
All miners in Indonesia are required to submit an annual production plan for official approval with the government setting output quotas for the industry.
All miners in Indonesia are required to submit an annual production plan for official approval with the government setting output quotas for the industry.
New agreement expands fleet to approximately 90 autonomous trucks in the region by 2028.
Vale's fleet would reach 90 units, up from 18 at the end of this year.
The proposed collaboration is to jointly develop a $1.6-$2 billion project at their neighbouring properties in the Sudbury basin.
Company forecast its iron ore output to range between 335 million and 345 million metric tons next year.
Vale said it will pay dividends of about 1.24 real per share on January 7, and of about 0.77 real per share on March 4.
Company intends to use the net proceeds for general corporate purposes.
Once fully operational, Valentine would be the largest gold mine in Atlantic Canada.
The announcement followed an English High Court decision that considered BHP liable under Brazilian law.
Teck’s portfolio of copper assets has long been coveted by major mining firms.
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