• 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

  • Have You Seen This Snake? Florida Wants Your Help Finding Rare Species Seen Once In 50 Years
  • Plague Confirmed In Lake Tahoe Area For First Time In 5 Years, California Officials Say
  • Supergiant Star Spotted Blowing Milky Way’s Largest Bubble Of Its Kind, Surprising Astronomers
  • Game Theory Promised To Explain Human Decisions. Did It?
  • Genes, Hormones, And Hairstyling – Here Are Some Causes Of Hair Loss You Might Not Have Heard Of
  • Answer To 30-Year-Old Mystery Code Embedded In The Kryptos CIA Sculpture To Be Sold At Auction
  • Merry Mice: Human Brain Cells Transplanted Into Mice Reduce Anxiety And Depression
  • Asteroid-Bound NASA Mission Snaps Earth-Moon Portrait From 290 Million Kilometers Away
  • Forget State Mammals – Some States Have Official Dinosaurs, And They’re Awesome
  • Female Jumping Spiders Of Two Species Prefer The Sexy Red Males Of One, Leading To Hybridization
  • Why Is It So Difficult To Find New Moons In The Solar System?
  • New “Oxygen-Breathing” Crystal Could Recharge Fuel Cells And More
  • Some Gut Bacteria Cause Insomnia While Others Protect Against It, 400,000-Person Study Argues
  • Neanderthals And Homo Sapiens Got It On 100,000 Years Earlier Than We Thought
  • “Womb Of The Universe”: Native American Tribal Elders Help Archaeologists Decipher Ancient Rock Art In Missouri Cave
  • 16,000-Year-Old Paintings Suggest Prehistoric Humans Risked Their Lives To Enter “Shaman Training Cave”
  • Final Gasps Of A Dying Star Seen Through A Record-Breaking 130 Years Of Data
  • COVID-19 “Vaccine Alternative” Injection Could Be On Fast-Track To Approval From FDA
  • New Jersey Officials Investigate Possible First Locally Acquired Malaria Case Since 1991
  • First-of-Its-Kind Bright Orange Nurse Shark Recorded Off Costa Rica Makes History
  • 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