Vale operations in Brazil now 100% renewable energy-powered
The world's top iron ore and nickel miner said that 100% of the electricity used in its local operations last year came from green sources.
The world's top iron ore and nickel miner said that 100% of the electricity used in its local operations last year came from green sources.
Serabi Gold noted it remains optimistic as there already are “a number of other groups keen to partner” with them.
Brazil's Para state won an appeal overturning a previous court ruling that had given back operating licences.
The transaction is required by the government to extend Vale Indonesia's operating permit beyond 2025.
Meanwhile, it is still awaiting a new special mining permit for its operations beyond 2025.
Production at Valentine is planned to start in the first quarter of 2025.
The deal would give Vale 100% ownership of the energy company, which has assets including seven hydroelectric plants and three wind units.
Under the agreement, initial production from Crean Hill would be shipped to Vale's Clarabelle mill in Sudbury for processing.
Vale said it will negotiate an award for up to $282.9 million for the project.
"We are very strong on nickel fundamentals," chief sustainability and corporate affairs officer Emily Olson told the CERAWeek energy conference.