Vale’s fourth-quarter profit falls 35% on higher provisions over dam accident
The miner also announced a pay out to shareholders of about 2.74 reais ($0.5520) per share.
The miner also announced a pay out to shareholders of about 2.74 reais ($0.5520) per share.
The miners have signed an agreement to integrate the Serra da Serpentina deposit into the Minas-Rio iron ore complex.
Vale produced 66,800 metric tons of copper in 2023 in Sossego.
Vale is looking at expanding the use of industrial batteries to power ports and mining sites.
One Reuters source said the situation was difficult to solve and a new vote had not been scheduled.
Share divestment is a condition required by authorities to extend Vale Indonesia's mining permit, which will otherwise end in 2025.
Analysts have calculated an additional provision between about $3.5 billion and $3.6 billion to match BHP provisions for the year.
Potential candidates for the position include former Vale president Murilo Ferreira.
The recommendation was part of a report submitted Friday to Vale’s board, which has been weighing whether to renew Bartolomeo’s term as CEO or start a worldwide recruitment process.
The Brazilian mining giant is accelerating production, posting its best December in five years.