Vale mining news

Vale has informed that Vale Canada Ltd has been unable to reach an agreement with New Century Resources Ltd to acquire its 95% stake in Vale Nouvelle Caledonie S.A.S.

Vale has recently completed its first sale of iron ore using blockchain technology with Nanjing Iron & Steel Group International Trade Co. Ltd., a subsidiary of Nanjing Iron and Steel Co., Ltd.

Vale has informed that its Board of Directors approved, on 13 August 2020, the implementation of the Serra Sul 120 Project, located in the municipality of Canaã dos Carajás, Brazil.

Vale, in partnership with Progress Rail (a company of the American group Caterpillar), is developing a new 100% electric, battery-powered switchyard locomotive.

Developed by New Steel, which was purchased by Vale in 2018, the technology enables dry magnetic concentration of low-grade ore.

Vale S.A. has informed that it has moved from care and maintenance into a planned maintenance period at the Voisey's Bay Mine in Labrador, Canada, as a first step to resuming operations in early July.

Vale has announced that, on 5 June 2020, the company adopted the necessary measures to suspend the activities of the Itabira mining complex.

New research from the Transition Pathway Initiative (TPI) reveals that just two of the 10 largest mining companies are aligned with limiting climate change to 2°C.

Vale has reinforced its preventive measures for any possible scenario at Barão de Cocais and has provided an update on the movement of the North slope of the extraction site at Gongo Soco mine.

The goal is to achieve 70% by 2023; to reach the current level of 60% of dry mining, the company has invested US$17.5 billion over the last 10 years.