Vale to break out base metals business, sell stake in 2023
Vale will separate the base metal assets from its iron ore operations and unveil a strategic partner in the first half of 2023.
BHP says Vale must share damage costs in Fundao dam collapse lawsuit
Although Samarco, a joint venture between BHP and Vale, operated the dam, the class action involving around 200,000 people does not name Vale.
Vale Indonesia expects to complete nickel HPAL plant by 2025
Company expects to complete construction by 2025 of a high-pressure acid leaching plant to produce nickel minerals.
Vale to supply GM with nickel for EVs, starting in 2026
The Vale deal will supply GM with enough refined nickel for up to 350,000 EVs a year.
Vale, other large companies leading reforestation program in Brazil
Over the next 20 years, the new enterprise will restore and protect 4 million ha of native forests in some of Brazil’s most valuable ecosystems.
PIF, Mitsui eye stake in Vale’s base metals business
Vale is seeking to raise more than $2 billion from the deal, Bloomberg sources say.
Vale to study implementing ‘mega hubs’ in Middle East countries
Vale is expected to build and operate iron ore concentration and briquetting plants within the hubs.
Vale mulling base metals partnership, CEO says
Vale had announced last month a reorganization of its Brazil base metals business, which includes copper and nickel assets.
Vale Q3 net beats estimates, helped by forex gains
The bottom line was boosted by a $2.35 billion financial gain related to unspecified foreign exchange rates, which largely masked weaker sales and rising costs.
Marathon Gold given Fisheries Act okay for Valentine project in Newfoundland
The company can now move forward with activities such as dewatering small freshwater ponds for open pit mine development.
