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.
Vale has announced that, following a Board of Directors meeting held on 29 April 2019, Eduardo Bartolomeo has been confirmed as Vale's Chief Executive Officer.
R$2 950 000 000 of Vale’s funds were frozen on 25 March, which ensures the reimbursements to cover any potential property or non-property losses incurred by the people affected by removal that occurred or that may occur in relation to Sul Superior dam disaster.
The global advisory firm predicts that iron ore prices will rise in 1Q19, before pulling back over the year.