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Stock impact report

Vale Backs Brazil Critical Minerals Fund in Nod to Government [Financial Post (Toronto, Ontario, Canada)]

VALE S.A. American Depositary Shares Each Representing one common share (VALE) 
Last vale s.a. american depositary shares each representing one common share earnings: 4/29 04:02 pm Check Earnings Report
US:NYSE Investor Relations: vale.com/en/investors/pages/default.aspx
Company Research Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Vale SA is committed to investing in Brazil's first fund to support critical minerals as it seeks to diversify, the new chief of the world's No. 2 iron ore supplier said Wednesday. Vale has 90% of its revenue coming from the steelmaking ingredient and wants to boost copper production, Chief Executive Officer Gustavo Pimenta said at a press conference. “The industry's big challenge today is to bring these critical minerals into operation, develop these projects, bring these projects to the commercial stage,” he said. The fund, backed by Vale and Brazil's development bank BNDES, selected a consortium formed by JGP Asset Management, BB Asset and Ore Investments to manage the 1 billion reais ($184 million) private equity fund created to support research and exploration of strategic minerals needed for the energy transition. The announcement was th Show less Read more
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