VALE to spend USD 121M to extend life of Thompson Mine
VALE recently announced a CAD 150M (USD 121M) investment that will help extend its mining activities in Thompson, Manitoba by a decade.
Vale appoints new CEO
Vale has informed that Fabio Schvartsman was appointed Vale's CEO. Fabio Schvartsman has a graduate and post-graduate degree in production engineering from the University of São Paulo and a post-graduate degree in Business Administration from Fundação Getúlio Vargas.
Vale changes its Executive Board
Vale has recently declared that Clovis Torres will hold the position of Executive Officer for Human Resources, Health and Safety, Sustainability and Energy effective immediately, with the appointment already approved by the Board of Directors.
ICL completes Fosbrasil acquisition
ICL, a global manufacturer of products based on specialty minerals for the agriculture, processed food and engineered materials markets, completed its acquisition of Vale Fertilizante’s (Vale) equity holding in Fosbrasil, a Brazilian-based producer of downstream phosphate-based products including purified phosphoric acid for the food market and phosphate-based fertilizers (Fosbrasil).
Vale finalist for Swedish Steel Prize 2014
Brazilian company Vale is a finalist for the 2014 Swedish Steel Prize for developing a highly durable mining screener for iron ore in high strength steel.The Swedish Steel Prize is awarded annually by SSAB to recognise the most innovative design utilising high-strength steel.
ABB automation system for Brazilian iron mine
ABB won a USD 103M contract from Brazilian mining company Vale to install electrical and automation systems at a modern iron ore mine in the Carajás mountains of northern Brazil as part of a major capacity expansion.
Vale, Cosco sign cooperation agreement on VLOCs
Vale and the China Ocean Shipping Company (Cosco), the largest dry bulk carrier in China and one of the largest dry bulk shipping operators worldwide, signed a framework agreement for strategic cooperation in iron ore shipping in Beijing.
Vale’s Additional 40 project begins with operating plan
Global mining company, Vale, has started up the Additional 40 project, with a new dry processing plant. This plant will expand the iron ore production at the mining complex in Carajás, Pará, by 40Mt per year.
Vale obtains installation license for S11D
Vale has obtained the installation environmental license (LI) for the Carajás S11D iron ore project, the highest-grade and lowest-cost project in the industry.
Vale to reduce stake in CSP project
Brazilian mining giant Vale plans to reduce its 50% stake in the Companhia Siderúrgica do Pecém (CSP) steel plant project, currently being built in northeastern Ceará state, CFO Luciano Siani said during a meeting of institutional investors in Rio de Janeiro.