Vale deposits $252m in compensation related to Brumadinho disaster
Resources will be reverted to projects for improvements in urban mobility and the strengthening of public services.
Marathon Gold’s EA for Valentine project in Newfoundland available for public comment
The largest undeveloped gold project in Atlantic Canada is about 80 km southwest of the communities of Millertown and Buchan.
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.
Brumadinho won’t break Vale, but the piper still hasn’t been fully paid
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.
Vale scores multi-year nickel supply deal with Tesla
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.
Vale takes hit from nickel hedging amid record price spike
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.
SEC sues Vale for false claims tied to Brumadinho dam collapse
The SEC’s complaint, filed in federal court in Brooklyn, is seeking civil penalties, ill-gotten gains plus interest.
Vale Indonesia, Huayou sign deal to build Pomalaa nickel plant
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 first-quarter net profit falls 19.6%, but beats expectations
Vale cited lower sales of iron ore fines and pellets due to an intense rain season in top mining state Minas Gerais.
Vale unveils ‘massive’ buyback program amid iron windfall
The program represents around 10% of Vale's outstanding shares.
