Mineradora Vale vai investir 5 bilhões de dólares por ano em 2020 e 2021

Vale Mining Company to Invest 5 Billion Dollars Per Year in 2020 and 2021

Written by Flavia Marinho

Published on 12/05/2020 at 17:18

Mineradora Vale vai investir 5 bilhões de dólares por ano em 2020 e 2021

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According to mining company Vale, the current investment, which includes replacement contributions, will be US$ 4.1 billion in both years

Good news for the mining sector! Amid the pandemic, mining company Vale reported investments of US$ 5 billion in 2020 and 2021, and also wants to invest US$ 4.5 billion in the years ahead. Mining company Samarco receives approval from Ibama for operation license for three pipelines connecting MG to ES

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The good news came from a presentation by Vale released on Tuesday, May 12, where the mining company stated it is “on the right track to resume” its dividend policy.

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Vale Cancelled Chartering of 25 VLOCs Due to Numerous Technical Failures of the Ships

Following Vale’s new risk management approach, the mining company decided to eliminate or replace 25 ships converted from VLCCs to VLOCs from its fleet, the company reported in its quarterly report released on April 29.

The ships had numerous technical failures and will be gradually removed through early termination or modification of the charter contracts.

The decision was made after the last accident in February 2020 involving one of the converted ships – a vessel built in 2016 owned and operated by the South Korean company Polaris Shipping.

The Stellar Banner suffered damage and ran aground after leaving the maritime terminal of Ponta da Madeira, in the State of Maranhão, loaded with approximately 295 kt of iron ore produced by Vale.

Vale Mining Company to Invest 5 Billion Dollars Per Year in 2020 and 2021

According to mining company Vale, the current investment, which includes replacement contributions, will be US$ 4.1 billion in both years

Read Also

Vale Cancelled Chartering of 25 VLOCs Due to Numerous Technical Failures of the Ships

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

The 2026 olive harvest in RS skyrockets and promises 1 million liters: after two bad years, the weather helped, 110 municipalities are harvesting, and Brazilian olive oil is trying to become a source of pride in the domestic market.

Brazil participates with its own satellite in a BRICS space network that has already mapped millions of square kilometers, and now the bloc wants to go further with new missions, radar for the Amazon, and even flights to the Moon.

A survey shows that Samsung phones cost up to 36% less in Paraguay than in Brazil, but before crossing the border, you need to add the cost of travel, accommodation, IOF, and store fees that can eat up all the savings that seemed guaranteed.

Scientists warn and cities must prepare as urban noise is making millions sick; noise pollution causes 48,000 cases of heart disease per year and affects the sleep of 6.5 million people.

CEFET opens a new selection process for a Substitute Professor position with a salary of up to R$ 8,000 and R$ 1,192.00 for food to work in MG.

Vale Mining Company to Invest 5 Billion Dollars Per Year in 2020 and 2021

According to mining company Vale, the current investment, which includes replacement contributions, will be US$ 4.1 billion in both years

Read Also

Vale Cancelled Chartering of 25 VLOCs Due to Numerous Technical Failures of the Ships

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

Shotcrete replaces manual plastering, can double or even triple productivity on site, and delivers more uniform walls; this industrialized technique has been gaining ground precisely where there is a lack of skilled labor.

Common tiles may be on borrowed time because a new European technology transforms the roof itself into a solar power plant without the need for traditional panels that sit on top and spoil the house’s appearance.

The project approved by the federal government plans the construction of a mega railway that will cross 24 cities, cost 6.6 billion reais, and transform the logistics map of the Southeast by connecting Espírito Santo to Rio de Janeiro.

While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

Man spends 100 days building a wooden cabin on a volcanic island and transforms a hostile forest into a complete shelter with insulation against the cold, a cultivation area, and a structure made with natural resources.

The 2026 olive harvest in RS skyrockets and promises 1 million liters: after two bad years, the weather helped, 110 municipalities are harvesting, and Brazilian olive oil is trying to become a source of pride in the domestic market.

Brazil participates with its own satellite in a BRICS space network that has already mapped millions of square kilometers, and now the bloc wants to go further with new missions, radar for the Amazon, and even flights to the Moon.

A survey shows that Samsung phones cost up to 36% less in Paraguay than in Brazil, but before crossing the border, you need to add the cost of travel, accommodation, IOF, and store fees that can eat up all the savings that seemed guaranteed.

Scientists warn and cities must prepare as urban noise is making millions sick; noise pollution causes 48,000 cases of heart disease per year and affects the sleep of 6.5 million people.

CEFET opens a new selection process for a Substitute Professor position with a salary of up to R$ 8,000 and R$ 1,192.00 for food to work in MG.