• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Dam disasters were wake up call for Brazil’s Vale, CEO says

October 6, 2021 by David Barret Leave a Comment

October 6, 2021

By Marta Nogueira

RIO DE JANEIRO (Reuters) – After two deadly dam disasters that made Vale SA a pariah of the global green movement, Brazil’s largest mining company is striving to put the environment and climate at the heart of its business, Chief Executive Eduardo Bartolomeo told Reuters.

Bartolomeo, speaking in an interview at the Reuters Impact conference, said the disasters – which killed nearly 300 people and caused huge environmental damage in Brazil – were a wake up call that forced the company to think differently.

“I think everybody woke up. I think the incidents, the tragedies, unfortunately pushed us to open up our minds. It’s a driving force behind everything we do here at Vale and it is a driving force for the industry as well,” he said.

Beyond improving safety, it helped Vale reconsider its wider role too, according to Bartolomeo.

“We need to give back to society, we are a mining company, we extract natural resources, we are only going to be accepted if we share value with society,” he said.

Vale plans to invest between $4 billion and $6 billion to reduce emissions by 2030, aiming to cut its direct and indirect carbon emissions by 33%. It plans to hit zero net emissions by 2050.

Bartolomeo said his own remuneration package now sets targets for safety and sustainability, with 20% of his long-term compensation associated with Environmental, Social and Governance (ESG) goals. Vale is also developing a new iron ore pellet that aims to reduce the emissions of steelmaking clients. The so-called green briquette, the result of nearly 10 years of research and development, will be produced in 2023. It is made up of iron ore and a technological binder solution which includes sand from the treatment of mining tailings in its composition, and is capable of resisting high blast furnace temperatures without disintegrating. “This is a new pellet, but a new pellet with 80% less carbon footprint,” Bartolomeo said. The estimate is that, in the long term, the company will have the capacity to produce over 50 million tons per year of green briquettes, generating value as well as environmental gains.

“It’s a new business for Vale”, he said. “This is not greenwashing.”

(Reporting by Marta Nogueira, writing by Stephen Eisenhammer, editing by Richard Pullin)

Source Link Dam disasters were wake up call for Brazil’s Vale, CEO says

David Barret
David Barret

Related posts:

  1. Open source backend-as-a-service startup Supabase raises $30M
  2. Apollo to sell Italy’s Amissima Vita to life insurer Athora
  3. Turkish central bank surprises with rate cut sought by Erdogan
  4. Factbox: How COVID-19 in Southeast Asia is threatening global supply chains

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • World’s Oldest Pots: 20,000-Year-Old Vessels May Have Been Used For Cooking Clams Or Brewing Beer
  • “The Body Is Slowly And Continuously Heated”: 14,000-Year-Old Smoked Mummies Are World’s Oldest
  • Pizza Slices, Polaroid Pictures, And Over 300 Hats: What’s Left Behind In Yellowstone’s Hydrothermal Areas?
  • The Mathematical Paradox That Lets You Create Something From Nothing
  • Ancient Asteroid Ripped Apart In Collision Had Flowing Water
  • Flying Foxes Include The World’s Biggest Bat And The Largest Mammal Capable Of True Flight
  • NASA Responds To Claims That Interstellar Object 3I/ATLAS Is An Advanced Alien Spacecraft
  • Millions Of Tons Of Gold Are In Earth’s Oceans, Potentially Worth Over $2 Quadrillion
  • The Race Back To The Moon: US Vs China, Will What Happens Next Change The Future?
  • NOAA Issues G3 Geomagnetic Storm Warning As 500,000 Kilometer Hole Sends Solar Wind At Earth
  • Lasting 776 Days, This Is The Longest Case Of COVID-19 Ever Recorded
  • Living Cement: The Microbes In Your Walls Could Power The Future
  • What Can Your Earwax Reveal About Your Health?
  • Ever Seen A Giraffe Use An Inhaler? Now You Can, And It’s Incredibly Wholesome
  • Martian Mudstone Has Features That Might Be Biosignatures, New Brain Implant Can Decode Your Internal Monologue, And Much More This Week
  • Crocodiles Weren’t All Blood-Thirsty Killers, Some Evolved To Be Plant-Eating Vegetarians
  • Stratospheric Warming Event May Be Unfolding In The Southern Polar Vortex, Shaking Up Global Weather Systems
  • 15 Years Ago, Bees In Brooklyn Appeared Red After Snacking Where They Shouldn’t
  • Carnian Pluvial Event: It Rained For 2 Million Years — And It Changed Planet Earth Forever
  • There’s Volcanic Unrest At The Campi Flegrei Caldera – Here’s What We Know
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version