The nickel market staged an impressive recovery since a COVID-19 low in March 2020 and the price rise was one of the strongest of all the base metals in 2020. This recovery was underpinned by strong stainless
30 Apr 2021 (Last Updated April 30th, 2021 14:27)
The Brazilian city of Itaguaí has imposed a fine of $430,348 (Rs2.3m) on a port subsidiary of miner Vale for non-compliance with environmental laws.
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Vale’s terminal on Madeira island has loading capacity of 25,000 tonnes of iron ore per hour. Credit: Bishnu Sarangi from Pixabay.
The Brazilian city of Itaguaí has imposed a fine of $430,348 (Rs2.3m) on a port subsidiary of miner Vale for non-compliance with environmental laws.
The fine was imposed following an inspection of the iron ore and solid bulk terminal, which is operated by Vale subsidiary Companhia Portuária Baía de Sepetiba (CPBS).
Vale mulls base metals spinoff to tap EV market
Tailings’ filtration plant at Vargem Grande complex, delivered in March 2021. (
Brazil’s Vale (NYSE: VALE), the world’s no.1 nickel producer, is evaluating a potential spinoff of its base metals division as part of the miner’s growing interest in the electric vehicles (EV) sector.
The company, which is said to be in talks with Tesla and others in EV supply chain actors about securing nickel from its Canadian operations, is in the midst of expanding its Voisey’s Bay site in the province of Newfoundland and Labrador.
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Vale mulls base metals spinoff to tap EV market
Vale’s Voisey’s Bay nickel-cobalt-copper mine in Labrador, where Cobalt 27 Capital holds a cobalt stream. Credit: Vale.
Vale (NYSE: VALE), the world’s no.1 nickel producer, is evaluating a potential spinoff of its base metals division as part of the miner’s growing interest in the electric vehicles (EV) sector.
The company, which is said to be in talks with Tesla and other EV supply chain actors about securing nickel from its Canadian operations, is in the midst of expanding its Voisey’s Bay site in the province of Newfoundland and Labrador.
Vale offloads New Caledonia nickel asset to Prony Resources consortium mining-technology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mining-technology.com Daily Mail and Mail on Sunday newspapers.