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Vale CEO says iron ore miner will spin-off copper, nickel unit
Sun, 23 Oct 2022 00:00:00 GMT
The chief executive of Vale SA said the Brazilian iron ore miner is reconsidering a near-term spin-off of its base metals business and an eventual public listing. The Brazilian miner had a longstanding plan to sell the unit that was still being considered as recently as 2021. But rather than selling all or part of it, the company is now looking to separate and ring-fence the copper and nickel unit from the iron ore business as the two have different growth prospects, Eduardo Bartolomeo said

Vale, Saarland mills team up for decarbonisation
Mon, 10 Oct 2022 00:00:00 GMT
Vale and the two mills in Germanys Saarland state will together explore solutions on carbon-neutral steelmaking processes, Kallanish hears from the Brazilian mining group. To this effect, Vale has signed a memorandum of understanding with Stahl-Holding-Saar (SHS) GmbH & Co, the holding of platemaker Dillinger and special bar qualities mill Saarstahl. The partners intend

Vale divestment plan for steelmaker CSP, bauxite miner MRN ongoing
Sat, 30 Apr 2022 00:00:00 GMT
Brazilian miner Vale is continuing with the process of divestment of two non-core assets: steelmaker Companhia Siderurgica do Pecem and bauxite miner Mineracao Rio do Norte, a company executive said April 28. Weve done a lot to clean up most of the non-core assets out of our portfolio and we just have two candidates left: CSP and MRN, Gustavo Pimenta, executive vice-president of finances, told analysts on a Q1 results webcast. Both processes are ongoing, he said. Those would be the

Vale and Nippon Steel sign MOU to develop decarbonization technologies ...
Wed, 27 Apr 2022 00:00:00 GMT
Brazilian miner Vale and Japanese steelmaker Nippon Steel have signed a memorandum of understanding to pursue ironmaking solutions focused on carbon-neutral steelmaking processes, the two companies said in separate statements April 26. Based on this MOU, Nippon Steel and Vale will jointly study and explore the utilization of raw materials which contribute to direct

Brazils Vale reports decrease in Q1 iron ore output
Thu, 21 Apr 2022 00:00:00 GMT
Brazilian miner Vale SA first-quarter iron ore production fell 6.0% from the previous year, hit by heavy rainfall in January in Minas Gerais state which curbed its main production. The companys iron ore output was 63.9 million tonnes in the period, down 22.5% from the final quarter of 2021. Production was lower also due to major maintenance services, which should be positive for the rest of the year, allowing Vale to maintain its annual guidance of 320-335 million tonnes of iron ore. The

Brazils Vale reports decrease in iron ore production in Q4
Sat, 12 Feb 2022 00:00:00 GMT
Brazilian miner Vale SA VALE3.SAon Thursday reported a 2.4% decrease in iron ore production in the fourth quarter year-on-year. According to a securities filing, the company reached quarterly iron ore production of 82.47 million tonnes, below the same period from the previous year and down 7.8% from the third quarter. Total iron ore production for 2021 were 315.61 million tonnes, or up 5.1% on a yearly basis, falling within the lower end of its target range, which was set at between 315 and

Brazil ministry notifies Vale to present iron ore dam safety ...
Sat, 22 Jan 2022 00:00:00 GMT
Brazils Minas Gerais state public ministry notified Vale late Jan. 20 that it must present plans within days for measures to ensure the safety of 18 dams at its iron ore mines following recent intense rainfall in the state in southeast Brazil, the miner said. The company will have 10 days from receipt of the formal notification to state what action it will take to prevent erosion of the dams, according to information released Jan. 19 by the ministry. In an email to S&P Global Platts,

Brazils Vale halts iron ore operations due to heavy rains, maintains ...
Mon, 10 Jan 2022 00:00:00 GMT
Brazilian miner Vale said on Monday it has partially halted operations at its Southeastern and South iron ore systems due to heavy rains that are affecting the state of Minas Gerais, but reiterated 2022 production guidance as the Northern system was not affected. Vale said in a securities filing that train circulation at its Vitoria-Minas railway was partially interrupted following the rains, which led output to be halted at the Brucutu mine and the Mariana complex as it was unable to

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