BHP has confirmed a settlement agreement with Vale regarding group action proceedings in the UK in respect of the Fundão Dam failure in Brazil. The miner said it and its UK arm were defendants to a group action claim in the English High Court, which was brought by over 600,000 claimants seeking damages in relation to the 2015 Fundão Dam…
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Vale has signed a master services agreement (MSA) with Wabtec to boost the efficiency and operations of its Evolution Series (EVO) locomotive fleet at Estrada de Ferro Carajás (EFC) in northern Brazil. The 10-year deal, valued at R$1.8 billion/US$335.7 million, will optimize the maintenance services for Vale’s fleet increasing availability, reliability, and the potential for expanded freight transport on the…
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Vale and the Brazilian state of Para have moved closer to an agreement that could allow the miner to resume operations at its Onca Puma nickel mine, reported Reuters. Onca Puma, which has an estimated annual nominal capacity of 27,000 metric tons, had its operating license suspended earlier this year after Para’s environment department flagged irregularities in an annual environmental…
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Vale and Caterpillar have signed an agreement to test large battery electric trucks and energy transfer systems, as well as conduct studies on ethanol-powered trucks – initiatives aimed at the decarbonization of Vale’s mine operations. The studies, which will be conducted at Vale’s mines in Brazil, will help the miner achieve its goals to reduce scope 1 and 2 (direct…
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Vale said that all the electricity used in its operations in Brazil in 2023 came from renewable sources, achieving its goal of 100% renewable electricity consumption two years ahead of schedule. Having reached the target, Vale has zeroed its indirect CO2 emissions in Brazil, which correspond to Scope 2. The company still has the challenge of achieving 100% renewable energy…
Read MoreBrazilian miner Vale has created a company to sell and distribute iron ore tailings sand as it pushes to reduce material disposals from dams and piles. The new sand company, Agera, is a spin-off from part of Vale and expects to sell 1 million metric tons of sand this year and generate revenue of US$3.57 million (18 million reais), according…
Read MoreVale is starting to implement, in partnership with Vivo, an unprecedented technology infrastructure to extend the reach of the 4G internet signal along the Carajás railroad, which connects the states of Maranhão and Pará, covering 28 cities in Brazil.
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Vale has partnered with Wabtec to advance the decarbonization of the company’s rail operations with an ultimate goal of eliminating the railroad’s emissions in the future with battery power and alternative fuels. 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. The…
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Vale has started the commissioning of the Gelado iron ore project in Carajás, Pará state, Brazil, reusing the tailings that have been deposited at its dam since Vale’s start of work in the region in 1985. The project is using 100% electric dredges for extraction, which will negate CO2 emissions as it produces pellet feed sustainably. The initial production capacity…
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Vale said its board of directors has approved the reorganization of its base metals operations in Brazil. The miner will transfer its copper assets in the country to Salobo Metais S.A., a subsidiary of Vale, and its nickel assets to a new company to be formed by Vale. Both copper and nickel assets will continue to be consolidated and wholly…
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