Lithium Argentina picks Switzerland as another China-backed junior flees Canada
The company is seeking to redomicile to Switzerland following a corporate review and a new agreement with investor Ganfeng Lithium.
Vale (NYSE: VALE) said on Monday that Denis Cuenca has been nominated as the Brazilian miner’s chief compliance officer.
Cuenca will report directly to Vale’s board, it said in a securities filing.
His nomination comes after the board approved the creation of a compliance division as part of recommendations given by an independent committee in February to strengthen governance, safety and risk management.
Before joining Vale, he worked in companies such as Ultrapar, KPMG, Banco Itaú, Banco Real and Itautec.
(By Gabriela Mello; Editing by Jason Neely)
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