Indigenous groups block Vale’s Carajás Railroad in Pará
The miner has an injunction to release the Carajás Railroad, used to transport iron ore produced from the Northern System.
The miner has an injunction to release the Carajás Railroad, used to transport iron ore produced from the Northern System.
Vale guidance for iron ore production in 2024 is between 310 million and 320 million tonnes.
The net profit was 65% higher than in the first quarter, when it totaled $1.68 billion.
Brazil's government has regularly criticized the miner for two dam collapses in Minas Gerais state, and for not investing enough in the country.
Three projects were already announced for Oman, Saudi Arabia, and the United Arab Emirates.
Usmar has more than 30 years of industry experience, with his latest role being founder and CEO of Triple Flag Precious Metals.
The Stobie pit is the first phase of Vale's C$945 million plans to revitalize the copper complex in Sudbury.
The iron oxide-copper-gold project is located near Vale's Salobo operations and Ero’s Tucumã project.
Vale said 2024 copper production guidance remains at 320-355 kt.
The company reported output of 80.6 million metric tons for the steel-making ingredient in the three-month period ended in June.