Former Vale board member claims political influence in CEO succession

A former board member for Brazilian miner Vale said his decision to step down on Monday came after the firm’s succession process was conducted in a “manipulated manner,” according to his resignation letter seen by Reuters on Tuesday.

Brazil’s President Lula says he will not discuss Vale’s CEO succession

Brazil’s president, Luiz Inacio Lula da Silva, said in an interview on a local TV station on Tuesday that he would not discuss miner Vale’s CEO succession.

MIND ID to acquire 14% stake in Vale Indonesia

Indonesia’s mining industry holding company, MIND ID, agreed on Monday to acquire a 14% stake in Vale Indonesia from Vale Canada and Japan’s Sumitomo Metal Mining, to become the top shareholder at one of the country’s largest nickel miners.

Vale sees no indication of environmental breach at suspended mines

Brazilian miner Vale does not see signs of environmental or social breach at two of its mines whose operating licenses were suspended this week, Vale Base Metals chair Mark Cutifani said on Friday.

Vale’s fourth-quarter profit falls 35% on higher provisions over dam accident

Brazilian miner Vale reported on Thursday a 35% drop in fourth quarter net profit, missing analyst expectations by almost half, following higher provisions related to its Samarco joint venture and more taxable income.

Vale eyes more battery systems in its operations

Mining giant Vale is looking at expanding the use of industrial batteries to power ports and mining sites, said the firm’s Energy and Decarbonization director Ludmila Nascimento, in a move that would boost an industry still in early stages in Brazil.

Vale board split on future of current CEO

A board vote to decide on the future of Brazilian miner Vale’s chief executive ended in a tie, two people familiar with the matter told Reuters, weeks after the government pressured the mining giant to replace its current CEO.

Indonesia, Vale agree price for divestment, minister says

Indonesia and Vale Base Metals have concluded negotiations and agreed to a price for the portion of shares the miner will sell in its Indonesian unit, the mining minister said on Friday.

Vale’s 2023 iron ore output tops guidance, but sales fall

Vale’s iron ore production grew 4.3% in 2023, topping the Brazilian miner’s estimate for the year, while shipments of the commodity fell slightly, the company said on Monday.

Lula never discussed Vale’s CEO succession, says Brazil minister

Contradicting media reports, Brazil’s Mines and Energy Minister Alexandre Silveira said on Friday that President Luiz Inacio Lula da Silva has never engaged in discussions about the CEO succession at mining company Vale.

Brazil’s Lula slams miner Vale over 2019 Brumadinho disaster

Brazilian President Luiz Inacio Lula da Silva on Thursday criticized mining giant Vale for “not having done anything to repair the destruction” caused by the collapse of a tailings dam in Brumadinho in 2019. Why it is important

Vale’s $10 billion spend on Canada targets existing potential

Vale is spending $10 billion in Canada over the next decade to keep operations running in a district it values for its low-carbon production.

Vale’s $10 billion spend on Canada targets existing potential

Vale is spending $10 billion in Canada over the next decade to keep operations running in a district it values for its low-carbon production.

Vale BM says decision to merge Canada nickel ops with Glencore a priority

Mining News Pro - Vale Base Metals (VBM) is prioritizing a decision on whether to combine its nickel operations in Canada’s Sudbury basin with those of Glencore this year, a move that could reduce costs for both companies, its chairman said.

British court rejects Vale’s appeal in billion-dollar action for Mariana disaster

Mining News Pro -A British court rejected on Friday Vale’s appeal against the inclusion of the company in a lawsuit worth at least $46 billion against Vale, Samarco and BHP due to the collapse of the Fundão dam in Mariana, Minas Gerais, in 2015.

Vale expands production capacity at Salobo copper mine

Mining News Pro - Brazil’s mining giant Vale (NYSE: VALE) has announced that its Salobo mine has reached a capacity of 32 million tonnes per annum, following the successful completion of the throughput test for the first phase of the Salobo III expansion project.

Vale to sell 14% stake in Indonesia unit

Mining News Pro - Vale will divest 14% of its stake in Indonesian nickel unit to fulfill the country’s divestment rules, mining minister Arifin Tasrif told reporters on Friday.

Vale CEO says he has never been so optimistic about the company’s future

Mining News Pro - The chief executive of Brazilian miner Vale painted a brighter picture about the company’s future on Friday, saying he has “never been so optimistic” about it as he is right now.

Brazil’s J&F to invest more than $1 billion in mining assets bought from Vale

Mining News Pro - Brazilian holding firm J&F Investimentos will invest more than $1 billion in the mining assets it bought from Vale last year, it said.

Vale creates company to sell sand from iron ore tailings

Mining News Pro - Brazilian miner Vale said on Tuesday it has created a company that will sell and distribute sand obtained from its iron ore tailings, part of its efforts to reduce the disposal of such materials in dams or piles following major disasters.

Vale creates company to sell sand from iron ore tailings

Mining News Pro - Brazilian miner Vale said on Tuesday it has created a company that will sell and distribute sand obtained from its iron ore tailings, part of its efforts to reduce the disposal of such materials in dams or piles following major disasters.

Vale weighs base metals IPO in three to four years

Mining News Pro - Vale (NYSE: VALE) is not seeking new partners for its Base Metals unit following a recent equity sale, but could consider an IPO for the unit within three or four years, CEO Eduardo Bartolomeo said on the sidelines of the Financial Times Mining Summit held in London, according to Notícias de Mineração.

Vale, H2GS mull industrial hubs in Brazil, North America

Mining News Pro - Brazilian miner Vale said on Wednesday it has signed an agreement with Sweden-based H2 Green Steel (H2GS) to study the joint development of industrial hubs in Brazil and North America as part of its decarbonization efforts.

Vale says China property outlook is more encouraging

Mining News Pro - No. 2 iron ore miner Vale SA said the outlook for China’s steel-intensive property sector is “more encouraging” despite uncertainties, and reiterated its long-term view of the global steel market remains intact.

Vale to start building Middle East ‘mega hubs’ in 2024

Mining News Pro - Brazilian miner Vale said on Tuesday it expects to start building “mega hubs” in Middle Eastern countries next year to make low-carbon iron ore products for the steel industry, with the first one becoming operational in 2027.

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HOSCO
khuzestan steel
chadormalu Co.
ghadir neiriz co
IranAluminaJaajarm
sangan steel
ahan o fulad golgohar