Deep sea mining puts $560 billion in land extraction at risk — report
Even in optimal scenarios, the activity would generate only $6.25 million in tax revenue for countries involved, says Planet Tracker.
Brazilian miner Vale SA said early on Thursday its board of directors had approved a list of recommended new appointments to the board, with shareholders set to vote on the nominations at a meeting scheduled for April 28.
Roughly half of the current 13-strong board is set to be changed, according to a securities filing, with names including Mauro Cunha and former Petrobras chief executive Roberto Castello Branco departing.
Among the new nominations are former Espirito Santo Governor Paulo Hartung and the new head of Banco do Brasil’s Previ pension fund, Joao Luiz Fukunaga.
Vale’s current chairman and vice chairman – Jose Duarte Penido and Fernando Buso Gomes – were also nominated for a new term on the board, the company added.
Other nominees include current board members Manuel Oliveira, Marcelo Gasparino, Daniel Stieler and Rachel Maia, as well as new members Douglas Upton, Luis Henrique Guimaraes, Shunji Komai and Vera Inkster, Vale said.
(By Gabriel Araujo; Editing by Kirsten Donovan)
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