China’s HBIS collaborates with Vale to advance steel decarbonization
Both HBIS and Vale aim to achieve carbon neutrality by 2050.
Both HBIS and Vale aim to achieve carbon neutrality by 2050.
Highlighted hole extended the high-grade porphyry trend by about 1,000 metres.
The firm's quarterly net loss was far below the $1.95 billion profit expected by analysts in a LSEG poll.
The iron ore project in Newfoundland and Labrador is located near Rio Tinto's IOC operations.
Carajas, in Brazil's Para state, is Vale's largest iron ore production complex.
Reuters sources said Global Infrastructure Partners could pay some $870 million to $1.04 billion for 70% of Alianca and the solar plant.
Brazil's presidential palace said Vale will present its "New Carajas" project, but it did not give further details.
The companies also reaffirmed their commitment made in April 2024 to cooperate towards development of a dual-fuel haul truck.
The Baovale joint venture was established by the Brazilian mining giant and Baosteel in 2001 to run the Agua Limpa mine.
The company has been criticized by Lula and cabinet members in the past.
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