Vale Base Metals, the copper and nickel unit of Brazilian mining giant Vale SA, is aiming for an Initial Public Offering (IPO) by 2027 or potentially sooner, according to CEO Shaun Usmar. The move is intended to position the subsidiary for a premium valuation over other metals producers and provide strategic flexibility in a dynamic...
READ MOREVale, the Brazilian mining giant, has obtained a preliminary environmental license for its Bacaba copper project in the state of Pará, a crucial first step in a multi-billion-dollar strategy to double its copper production over the next decade. The company plans to invest approximately $290 million to develop the deposit, which is designed to extend...
READ MOREVale, Brazil’s largest mining company and a major global iron ore and nickel producer, and Brazil’s National Electric System Operator, the country’s power grid management authority, have reached an impasse over electricity allocation that threatens a $555 million nickel expansion project. ONS rejected Vale’s request to increase power consumption to 200 megawatts at its Onca...
READ MOREVale Base Metals, a privately held entity spun out from Brazilian mining giant Vale S.A., is aiming to double its copper production to approximately 700,000 tons per year by 2035, according to CEO Shaun Usmar. Speaking at the 2025 BMO Global Metals, Mining & Critical Minerals Conference, Usmar emphasized the company’s strategic focus on battery...
READ MOREVale Overseas, a wholly owned subsidiary of Vale S.A., has announced the Total Consideration payable in connection with its previously disclosed cash tender offers for outstanding notes. The offer applies to a maximum aggregate principal amount of notes up to US$450,000,000, excluding any premium and accrued interest. The Offers are subject to the conditions outlined...
READ MOREVale will launch the New Carajás Project at an event on Friday, the 14th, announcing an investment of R$70 billion ($14 billion) to expand iron and copper mining in Carajás, Parauapebas, Pará. The investment, planned between 2025 and 2030, aligns with the company’s strategy to develop mineral resources critical for decarbonization and the global energy...
READ MOREVale Base Metals, a subsidiary of Vale has initiated a strategic review to assess the potential sale of its mining and exploration assets in Thompson, Manitoba. This move is part of the company’s broader effort to optimize its vertically integrated nickel portfolio, ensuring long-term competitiveness. The review’s findings are expected in the second half of...
READ MOREVale Base Metals, a subsidiary of Vale SA (NYSE: VALE), has announced a strategic review to explore and evaluate options for its mining and exploration assets in Thompson, Manitoba. The review, which includes the potential sale of the assets, is part of Vale Base Metals’ broader effort to optimize its global mining portfolio and focus...
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