Latest news with #BaseMetals
Bloomberg
17-06-2025
- Business
- Bloomberg
Vale Base Metals Boss Says Unit Aims to Be IPO-Ready by 2027
The new boss of Vale SA 's base metals unit has reiterated a target of getting the sprawling nickel-and-copper business ready for a potential initial public offering by 2027, if not sooner. Veteran mining executive Shaun Usmar was appointed as chief executive officer of the Toronto-based Vale Base Metals eight months ago with a goal of turning around the struggling division, against a backdrop of slumping nickel and cobalt prices.
Business Insider
25-04-2025
- Business
- Business Insider
Vale reports Q1 pro forma EBITDA $3.21B vs $3.5B last year
Reports Q1 revenue $8.12B, consensus $8.16B. 'We had a consistent start to the year, aligned with our objectives for 2025. We are seeing good momentum in cost management, with our C1 reaching US$ 21/t in Q1, continuing the year-on-year downward trajectory. Our value-accretive projects continue to progress, being essential elements towards enhancing our portfolio flexibility and improving operational and cost efficiency. At Vale (VALE) Base Metals, the benefits of the Asset Review initiatives are emerging and we are laser-focused on delivering. Additionally, we have been consistently optimizing our balance sheet through asset-light solutions, such as the transaction that created the strategic joint venture at Alianca Energia, which will also help us deliver on our long term decarbonization goals. The current macroeconomic environment and market volatility reinforce the importance of our Vale 2030 strategy, whereby we are building an even more competitive company that can thrive in any market condition. With this approach, I'm confident we'll generate significant value for all of our stakeholders,' commented Gustavo Pimenta, Chief Executive Officer Stay Ahead of the Market:
