RIO DE JANEIRO, BRAZIL – Vale (VALE3) mining company plans to invest between US$4 billion and US$6 billion to reduce emissions by 2030, up from previous estimates that foresaw investments of up to US$2 billion, according to a market presentation by the company on Thursday, June 24.
However, in the document presented to market analysts, the mining company maintained its planned emissions reduction targets, and did not offer details of its plan.
The company has developed several ESG (Environment, Sustainability and Governance) initiatives, such as energy efficiency, electrification of mines and railroads, and reduction of fossil fuel use.
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What Vale does. Vale S.A., together with its subsidiaries, produces iron ore and nickel in Brazil, Asia, the Middle East, North Africa, Europe, the Americas, and Oceania. The company operates in two segments, Iron Ore Solutions and Vale Base Metals. It extracts, produces, and distributes iron ore, iron ore pellets, briquettes, nickel, copper, other ferrous…