Vale to develop low-carbon mega hubs in Brazil, US, and Middle East within a year
Three projects were already announced for Oman, Saudi Arabia, and the United Arab Emirates.
Leading managers at French metals and mining group Eramet have agreed to pay cuts, in order to help finance a solidarity plan for staff and communities hit by the coronavirus crisis, the company said on Thursday.
Eramet said its chairman and CEO Christel Bories would forego 25% of her pay and would contribute money saved from that to the company’s solidarity plan.
Recently the company decided to stop work on a lithium production project in Argentina, aimed at shifting the group’s focus towards electric vehicle minerals, due to economic uncertainty created by a coronavirus epidemic.
(By Sudip Kar-Gupta; Editing by Susan Fenton)
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