Vale Indonesia says Febriany Eddy reappointed as CEO as MIND ID deal approaches
Eddy will be on the new board of directors from the closure of MIND ID transactions, expected this month, until 2027.
Eddy will be on the new board of directors from the closure of MIND ID transactions, expected this month, until 2027.
Vale said that its inclusion in the list is incorrect and that it will take the necessary steps for its immediate removal.
The miner closed a 10-year deal with Wabtec to optimize the maintenance services for its fleet in the Estrada de Ferro Carajás.
The government has also set a 12-year period for the payments to be made.
Onca Puma, which has an estimated annual nominal capacity of 27,000 tonnes, had its operating licence suspended earlier this year.
Vale intends to announce a new CEO by December 3.
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.