Saudi Arabia to visit Brazil and Chile as seeks to diversify mining
The diversification strategy includes plans to expand into international mining to secure access to minerals including copper, cobalt and nickel, as well as lithium.
Brazilian miner Vale SA will resume operations at a port terminal in Vitória, in the southeastern state of Espírito Santo, after reaching an agreement with local authorities, according to a securities filing on Wednesday.
The authorities had closed the port terminal operated by the miner and fined it 35 million reais ($9.43 million) for throwing mining residues in the sea. Vale said the agreement foresees investment to improve residues treatment.
($1 = 3.7126 reais)
(By Carolina Mandl; Editing by Kirsten Donovan)
