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Vale Base Metals to invest R$50 billion in Brazilian copper, nickel

Vale Base Metals is set to invest around R$50 billion in the next decade in Brazilian nickel and copper projects, Vale’s chief executive Eduardo Bartolomeo said at the opening of the Brazilian Mining Expo & Congress in Belém.

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Vale's Salobo copper and gold mine in Pará, Brazil. Credit: Ricardo Teles

Vale's Salobo copper and gold mine in Pará, Brazil. Credit: Ricardo Teles

Vale Base Metals was spun out from Vale in 2023. 10% of the new company is owned by Saudi investors, and 3% by the US Firm engineer No.1. The new company is meant to expand jobs, revenue and opportunities...

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