Vale finalizes agreement, adding R$4bn to federal coffers
4 days ago · A close associate explained that Vale’s technical team had rigorously analyzed the agreement over the past year. “This is a mutually beneficial opportunity for both Vale and the granting authority,” the source emphasized, adding that the company cannot afford unnecessary conflicts with the federal government, given its reliance on operating licenses across mining, railroad, and port sectors.
Vale reaches $1.8 billion railway concessions deal | Kitco News
6 days ago · The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy. ... Brazilian miner Vale has reached an agreement with local authorities to pay up to some 11 billion reais ($1.78 billion) to renegotiate two railway concession contracts, the firm announced ...
Vale fecha acordo de R$ 17 bi com governo para renovar …
6 days ago · O governo Lula fechou um acordo de aproximadamente R$ 17 bilhões com a Vale em troca da repactuação dos contratos de concessão da Estrada de Ferro Carajás (EFC) e da Estrada de Ferro Vitória a Minas (EFVM). O valor soma a quantia que será repassada pela empresa à União por esses contratos (R$ 11,3 bilhões) e novos investimentos na malha ferroviária (R$ 6 bilhões).
Brazil's Vale reaches $1.8 bln railway concessions deal
SAO PAULO, Dec 30 (Reuters) - Brazilian miner Vale (VALE3.SA), opens new tab has reached an agreement with local authorities to pay up to some 11 billion reais ($1.78 billion) to renegotiate two ...
Vale's Third-Quarter Profit Falls 15% on Dam Collapse ... - U.S. News
Oct 24, 2024 · RIO DE JANEIRO/SAO PAULO (Reuters) -Brazilian miner Vale, one of the world's largest iron ore producers, said on Thursday its third-quarter net profit fell 15% from a year earlier, hit by lower...
Vale reaches definitive settlement with Public Authorities in Brazil ...
Oct 25, 2024 · Vale reaffirms its commitments to supporting Samarco in repairing the damage caused by the Fundão dam collapse and to the shareholders' previously agreed obligation to finance, up to a 50% share, the amounts that Samarco may eventually fail …
Vale may face new clash, now over board seats | Business ...
Oct 29, 2024 · On November 14, Vale is scheduled to hold an extraordinary general meeting to elect Heloisa Bedicks and Reinaldo Duarte Castanheira Filho as interim board members until April 2025. They will fill the vacancies left by José Luiz Duarte Penido and Vera Marie Inkster, who resigned this year amid a turbulent succession process marked by government ...
Vale-BHP Mine Disaster Deal Moves Closer to Settlement in Brazil
Oct 18, 2024 · Miners Vale SA and BHP Group are a step closer to finalizing a deal with Brazilian authorities to provide a multibillion dollar settlement for one of the country’s worst mining disasters.
Mining giants told to pay $9.7bn over Brazil dam disaster - BBC
Jan 26, 2024 · A federal judge in Brazil has ordered mining giants BHP, Vale and their Samarco iron ore joint venture to pay 47.6bn reais ($9.67bn) in damages over a deadly dam burst in 2015. The collapse of...
Vale board member resigns in protest over alleged political …
Mar 12, 2024 · An independent director at Vale has stepped down from its board in protest over the Brazilian miner’s succession process, alleging “nefarious political influence” surrounding the choice of its...