Vale says Q2 output rises 5.5% despite pandemic
Company's second-quarter iron ore production totalled 67.6 million tonnes.
Company's second-quarter iron ore production totalled 67.6 million tonnes.
His nomination comes after the board approved the creation of a compliance division as part of recommendations given by an independent committee in February.
The amount would ensure the enforcement of any potential fine or forfeiture of assets, rights and values related to the disaster.
Pilot plant will have the capacity to concentrate 30 tonnes per hour of dry ore, using magnetic separation technology, made by means of rare earth magnets.
Vale suspended dividend payments after the 2019 collapse of its dam in the town of Brumadinho.
The amount would ensure the enforcement of any potential fine or forfeiture of assets, rights and values related to the disaster.
Construction and engineering works are progressing to plan at the copper-gold project in Brazil, with start-up expected in H2 2021.
Technology uses natural gas to reduce iron ore for use in steelmaking, offering lower CO2 emissions.
According to the companies, this is the first Batteries as a Service deal in the world.
Siani Pires said the company is waiting for more certainty around the coronavirus pandemic before approving the move.
The new Mining Power Rankings are live. Vote for the sector’s leaders in each of the Large-, Small-, and Micro-Cap leagues.