Vale S.A.

Vale SA and Samarco’s Dutch Subsidiary Named in £3 Billion Dutch Lawsuit Led by Pogust Goodhead for Mariana Dam Failure: Firms Freeze shares in Vale’s Dutch Subsidiary

Retrieved on: 
Tuesday, March 19, 2024
Class Action Lawsuit, Professional Services, Legal, Municipality, Health, Federation, Environment, Risk, International, BHP, Education, Vale S.A., Stichting, News, Atlantic Ocean, Lawyer, Iron, Marketing, Mining, Iron ore

The case was launched in the Netherlands against Vale SA and Samarco Iron Ore Europe BV, Samarco’s Dutch subsidiary, after lawyers attached the shares that Vale holds in Vale Holdings BV, its Dutch subsidiary.

Key Points: 
  • The case was launched in the Netherlands against Vale SA and Samarco Iron Ore Europe BV, Samarco’s Dutch subsidiary, after lawyers attached the shares that Vale holds in Vale Holdings BV, its Dutch subsidiary.
  • The Mariana dam was operated by Samarco, which is a joint venture between mining giants Vale of Brazil and the Anglo-Australian BHP.
  • We are glad to be instructed to hold Vale and Samarco’s subsidiary to account for their role in the disaster.
  • BHP has recently launched a contribution claim against Vale in those proceedings, seeking contribution from Vale in the event that BHP is held liable.

Canada Nickel Company's NetZero Metals Intends to Develop Downstream Nickel & Stainless-Steel Processing Facilities in Timmins Region

Retrieved on: 
Thursday, February 8, 2024
Partnership, CNC, Growth, Nickel, City, Government, Feasibility study, Economic development, Stainless steel, MPP, Carbon, Investment, Vale S.A., CO2, Metal, NetZero, Indigenous, Taykwa Tagamou Nation, Woman, Palladium

Both processing facilities to be designed to be net zero-carbon – utilizing Canada Nickel Company's carbon storage capacity to store CO2 generated by each facility.

Key Points: 
  • Both processing facilities to be designed to be net zero-carbon – utilizing Canada Nickel Company's carbon storage capacity to store CO2 generated by each facility.
  • NetZero Metals led by Mike Cox with 35 years of nickel processing experience and senior leadership positions with Inco Ltd. and Vale SA overseeing a global portfolio of nickel refineries.
  • TIMMINS, ON, Feb. 8, 2024 /PRNewswire/ - Canada Nickel Company Inc. ("Canada Nickel") (TSXV: CNC) (OTCQX: CNIKF) announced today its wholly-owned subsidiary, NetZero Metals Inc. ("NetZero Metals" or the "Company"), intends to develop two processing facilities in the Timmins Nickel District: a nickel processing facility and stainless-steel and alloy production facility.
  • "These processing facilities will position the Timmins Nickel District and Canada at the forefront of the global transition to greener energy and materials," said Mark Selby, CEO of Canada Nickel Company.

Unaudited interim results for the three and nine month periods ended 30 September 2023

Retrieved on: 
Thursday, November 30, 2023
Vale S.A., AISC, Mining, Gold, Growth, Santander Bank, Palladium

As a result, Serabi remains on track to meet its full year guidance of 33,500 to 35,000 ounces.

Key Points: 
  • As a result, Serabi remains on track to meet its full year guidance of 33,500 to 35,000 ounces.
  • The cash balance at the end of September 2023 had increased to US$15.35 million (Dec 2022: US$7.2 million).
  • During May 2023, the Group settled a US$5.0 million export linked loan facility that had been advanced by Itau Bank BBA.
  • The person who arranged for the release of this announcement on behalf of the Company was Clive Line, Director.

Positive results from regional exploration activity around the Palito tenement

Retrieved on: 
Tuesday, November 28, 2023
Anomaly, Vale S.A., Forquilha, Ganso, Gold, AIM, NW, SRB, EM, IP, Growth, TSX, Vein, Soil, Rare-earth element

The exploration activity is being undertaken as part of the Exploration Alliance funded by Vale SA.

Key Points: 
  • The exploration activity is being undertaken as part of the Exploration Alliance funded by Vale SA.
  • At Calico North, preliminary results have defined anomalous and consistent gold trends following a NW-SE structural trend, similar to the Palito deposit, located 1.5km to the north.
  • The results suggest the continuity of the Palito mineralised corridor to the southwest.
  • The full programme to collect 5,500 soil samples will increase coverage by first pass surface geochemistry, to over 70% of Serabi’s Palito Complex tenement.

Global Palladium Market Faces Challenges Amid Growing Demand and Supply Constraints - ResearchAndMarkets.com

Retrieved on: 
Tuesday, November 14, 2023
Natural Resources, Automotive Manufacturing, Manufacturing, Mining, Minerals, Research, Jewellery, Investment, Johnson Matthey, Platinum, Vale S.A., Palladium, Recycling, Dental, Biomedicine, Artificial intelligence, Machine learning, Electricity, Nanotechnology, Growth, Sibanye-Stillwater, Electronics, Anglo American Platinum, Norilsk Nickel

The global palladium market's supply is projected to reach 11.02 million ounces by 2028, growing at a CAGR of 3.17% during the forecast period from 2023 to 2028.

Key Points: 
  • The global palladium market's supply is projected to reach 11.02 million ounces by 2028, growing at a CAGR of 3.17% during the forecast period from 2023 to 2028.
  • The global palladium market is segmented as follows:
    By Supply: The market is divided into primary supply and secondary supply.
  • Challenges: Challenges facing the market include the growing preference for platinum in automotive catalytic converters, the rise of electric vehicles, geopolitical tensions, supply constraints, and issues like load shedding.
  • The global palladium market faces a complex landscape characterized by growing demand, supply constraints, and challenges posed by emerging technologies like electric vehicles.

Vale Base Metals Chief Executive Deshnee Naidoo to Step Down

Retrieved on: 
Friday, December 1, 2023
Vale S.A., Growth, VBM, Sustainability Accounting Standards Board, Safety, Culture, CFO, Management

TORONTO, Dec. 1, 2023 /PRNewswire/ - Vale Base Metals Limited (VBM) today announces that Deshnee Naidoo has elected to leave the company and will step down from her position as Chief Executive Officer (CEO) of VBM effective March 31, 2024.

Key Points: 
  • TORONTO, Dec. 1, 2023 /PRNewswire/ - Vale Base Metals Limited (VBM) today announces that Deshnee Naidoo has elected to leave the company and will step down from her position as Chief Executive Officer (CEO) of VBM effective March 31, 2024.
  • The Board has initiated the process to identify and appoint a new CEO, who will be based in Toronto, to succeed Deshnee in leading VBM through its ongoing transformation into a world-class metals business.
  • Mark Cutifani, Chairman of VBM, said: "We thank Deshnee for the tremendous commitment and dedication she has shown as CEO of Vale Base Metals.
  • VBM CEO, Deshnee Naidoo, added: "It has been a privilege to serve Vale since 2021 as CFO and most recently as CEO.

Vale Base Metals Chief Executive Deshnee Naidoo to Step Down

Retrieved on: 
Friday, December 1, 2023
Vale S.A., Growth, VBM, Sustainability Accounting Standards Board, Safety, Culture, CFO, Management

TORONTO, Dec. 1, 2023 /PRNewswire/ -- Vale Base Metals Limited (VBM) today announces that Deshnee Naidoo has elected to leave the company and will step down from her position as Chief Executive Officer (CEO) of VBM effective March 31, 2024.

Key Points: 
  • TORONTO, Dec. 1, 2023 /PRNewswire/ -- Vale Base Metals Limited (VBM) today announces that Deshnee Naidoo has elected to leave the company and will step down from her position as Chief Executive Officer (CEO) of VBM effective March 31, 2024.
  • The Board has initiated the process to identify and appoint a new CEO, who will be based in Toronto, to succeed Deshnee in leading VBM through its ongoing transformation into a world-class metals business.
  • Mark Cutifani, Chairman of VBM, said: "We thank Deshnee for the tremendous commitment and dedication she has shown as CEO of Vale Base Metals.
  • VBM CEO, Deshnee Naidoo, added: "It has been a privilege to serve Vale since 2021 as CFO and most recently as CEO.

Lawsuit Claims Massive Improper Conversion and Sale of Iron Ore through Texas Port

Retrieved on: 
Wednesday, October 25, 2023
Sale, Mining, Itabira, CORPUS, Law, Polygon, ArcelorMittal, File, Vale, Iron, Iron ore, Vale S.A., Voestalpine

CORPUS CHRISTI, Texas, Oct. 25, 2023 /PRNewswire/ -- A Brazilian company known as Itabiriçu has filed litigation in a South Texas court against several iron and steel industry giants, including two Texas-based companies.

Key Points: 
  • The lawsuit alleges that the defendants conspired to unlawfully convert, transport, and sell more than 100 million tons of low-grade iron ore rightfully belonging to Itabiriçu.
  • The lawsuit describes that the iron ore was imported through the port of Corpus Christi, processed in Voestalpine's plant in Corpus Christi, and then shipped worldwide through the port.
  • The Polygonal largely consists of a massive, water-filled area that stores tailings, which are mineral waste products produced by mining operations.
  • However, according to the lawsuit, prior to that September ruling Vale extracted iron tailings belonging to Itabiriçu, sold them to the buyers in Texas, and shipped the raw materials for reprocessing by the Texas entities.

Unaudited interim results for 3 and 6 month periods to 30 June 2023

Retrieved on: 
Thursday, August 31, 2023
Vein, Investment, European Union (Withdrawal) Act 2018, Audit, Santander Bank, Gold, Mining, Vulnerability and Risk Committee, Growth, G3, Matilda, Vale S.A., AISC, Cryptocurrency, Palladium, EU, Coringa, Nick Paltos

I am pleased to be part of such a diverse board that is working together to bring increased value to all Serabi’s stakeholders.

Key Points: 
  • I am pleased to be part of such a diverse board that is working together to bring increased value to all Serabi’s stakeholders.
  • With continued growth anticipated for the second half of 2023, Serabi remains on track to meet its full year guidance of 33,500 to 35,000 ounces.
  • The cash balance at the end of June 2023 had increased to US$13.3 million (Dec 2022: US$7.2 million).
  • Capitalised mine development costs were US$1.0 million higher in the last three month period compared with the first three months of 2023.

Vale partners with Wabtec on alternative fuels study and orders three FLXdrive battery electric locomotives

Retrieved on: 
Thursday, July 13, 2023
Other Energy, Mining, Minerals, Alternative Energy, Alternative Vehicles, Fuels, Energy, Automotive, Natural Resources, Environment, Other Transport, Rail, Green Technology, Transport, Logistics, Supply Chain Management, Paris, Partnership, Contagem, EFC, Wabtec FLXDrive, Vale S.A., Carbon, Iron, Ammonia, Ford PowerShift transmission, CO2, Rail transport by country, NYSE, Safety, Rail transport, Wabtec

The deal includes an order for three of Wabtec’s FLXdrive battery locomotives and a collaboration to test ammonia as a potential clean, alternative fuel to replace diesel.

Key Points: 
  • The deal includes an order for three of Wabtec’s FLXdrive battery locomotives and a collaboration to test ammonia as a potential clean, alternative fuel to replace diesel.
  • Wabtec will build the FLXdrive locomotives at its plant in Contagem (state of Minas Gerais).
  • Vale and Wabtec will work together on a study to use ammonia as a clean alternative fuel, which does not emit CO2.
  • Vale introduced the Powershift Program to study alternative technologies to replace fossil fuels with clean sources in the company’s operations.