Tag: Vale
Vale’s global steel director resigns
Brazilian mining giant Vale's global steel director Aristides Corbellini has resigned from his duties as part of a downsizing process in the miner's steel production division.
With Corbellini's resignation, the global steel director's position will no longer exist.
With Corbellini's resignation, the global steel director's position will no longer exist.
Vale may reduce stake in steel mill JV
Vale is in talks with two South Korean firms to reduce its stake in a joint venture to build an integrated steel mill in Brazil. Vale's stake may decrease from 50% to 30% in the second phase of construction of the plant, while POSCO and Dongkuk Steel could increase their stakes to 35% each. Currently, POSCO and Dongkuk Steel hold a 20% and 30% stake in the project, respectively.
Vale shareholders nominate new CEO
Vale’s controlling shareholders have nominated one of its former executive directors, Murilo Pinto de Oliveira Ferreira, as president of the company, replacing the current CEO Roger Agnelli. The nomination is subject to approval of Vale's board of directors. Murilo Ferreira joined Vale in 1998
Six bidders short-listed for mine
ArcelorMittal, Vale and Xstrata are among six bidders short-listed to develop Mongolia's Tavan Tolgoi mine.
Vale nickel production starts in Brazil
Vale has started nickel production from the Onca Puma nickel project in the State of Para.
Vale injecting CDN$10 billion into Canadian ops
Brazilian mining giant Vale is expanding its Canadian operations to the tune of CDN$10 billion over five years.
Vale large nickel projects
Vale recently announced the successful commissioning of its two large nickel projects namely Vale New Caledonia and Onça Puma. After VNC's continuous operation of the High Pressure Acid Leaching unit 2 for 3 weeks and achieving
Vale Goro project produces nickel
Vale’s Goro project, located in New Caledonia, has successfully produced its first nickel metal product.
Brazil sees iron ore output doubling
The Government of Brazil expects production of iron ore to more than double by 2030 to reach 1 billion tns/yr.
WorleyParsons bags major contract
Vale awarded the significant cost reimbursement contract to a consortium of WorleyParsons and SNC-Lavalin for implementation of its S11D project in Brazil.
