Vale Indonesia granted mining permit extension to 2035
Special licence is part of a wider deal that will see state-owned holding MIND ID become PT Vale’s largest shareholder, with 34% ownership.
Special licence is part of a wider deal that will see state-owned holding MIND ID become PT Vale’s largest shareholder, with 34% ownership.
Minas Gerais and Espirito Santo states have asked a court to order Vale and BHP to pay a total 100 billion reais.
A substitute federal judge of a court in Minas Gerais state said the issue had already been resolved in the previous ruling.
Imports by China, the world's biggest buyer, in 2024 are expected to be around 1.17 to 1.18 billion metric tons.
The government stated that if this amount is not paid within 15 days, it will petition to block the assets of Vale, BHP, and Samarco.
The government wants the next CEO to have ties with states, municipalities and regulators.
Miners had earlier this week presented authorities with an offer to pay $25 billion as reparations for the dam collapse.
The company said in a securities filing the new CEO would assume office on Jan. 1.
The new resource estimate includes 82 million tonnes grading 1.51 g/t gold equivalent in the measured and indicated categories.
Manara is a joint venture between Ma'aden and Saudi Arabia's Public Investment Fund.