Vale board members in a ‘state of war’ over CEO succession — report
Last week, consulting firm Russell Reynolds delivered a list of 15 potential successors for Eduardo Bartolomeo.
Vale has paid $6 million for a minority stake in the Boston Electrometallurgical Company (Boston Metal) as part of efforts to produce steel without carbon emissions, according to a statement on Tuesday.
Boston Metal is a pre-operational company founded in 2012 by professors at the Massachusetts Institute of Technology working on molten oxide electrolysis in order to transform iron ore for steel production without making carbon dioxide, Vale said.
(By Ana Mano; Editing by Louise Heavens)
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