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Vale to increase high-grade iron ore output in tightening market
Wed, 01 Mar 2023 00:00:00 GMT
Brazilian miner Vale SA said its production of high-grade iron ore agglomerates is expected to increase in coming years as it sees the average premium for better quality rising in a tightening market. Vale said in a presentation to analysts its output of high-grade agglomerates is set to reach 50 million to 55 million tonnes in 2026, up from 32 million in 2022, before jumping to about 100 million tonnes post-2030. The mining giant noted that segmentation and supply challenges in the global

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

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