Vale

Brazil's Ibovespa stock index rose 0.87% to 171,990 on June 25, recovering from the previous day's decline as softer-than-expected inflation data eased concerns about interest rates. Banks and mining company Vale led the rebound, while the Brazilian real strengthened alongside regional market gains.

Vale shareholders are preparing to vote after the board rejected an attempt to remove the company's chair. The corporate governance battle at the world's largest iron ore miner has raised concerns about political interference.

Brazil's Ibovespa fell 0.44% on June 24 as Petrobras and Vale negatively impacted the index, while big banks gained on easing rate futures. Brazil outperformed Argentina and Colombia, which experienced significant declines.

Brazil’s largest pension fund, Previ, a 7% owner of Vale, has decided to stop attempting to select the chairman of Vale, the world’s biggest iron-ore miner, and instead supports an independent candidate. The fund’s investment director confirmed they will make no further nominations for the role.

Vale's board is resisting a bid by shareholder Previ to remove the company's chairman. Daniel Stieler, the chairman, spoke in Shanghai in 2025.

Vale's board faces a July 22 vote as its largest shareholder, Previ, seeks to remove the chairman it previously appointed, highlighting a power struggle over control of the iron-ore company.

Vale’s Fábrica and Viga mines in Brazil experienced water-and-sediment overflows on January 25, 2026, caused by rain-swollen pits, not tailings dams. Local authorities suspended operating permits, and Vale halted operations at both sites, which collectively produce about 2% of its iron ore.

Vale's top shareholder, the state-linked pension fund Previ, is attempting to remove the board chairman, raising concerns about political influence at the mining company.

An illegal drug operation was uncovered during a multi-county murder investigation in North Carolina. Rusty Johnson was fatally shot in Catawba County, and Thomas Christopher Banks was arrested for his murder. A psilocybin grow operation and drugs were found in Banks' home, leading to the arrest of Joshua Donald Burns on drug-related charges.

Vale activated its first AI-run iron-ore plant in Itabira, increasing output by 25% and reducing waste. The company plans to replicate this model across its mines.

Vale CEO Gustavo Pimenta states that metals demand remains strong despite the ongoing conflict in the Middle East.

Vale's CFO discusses the outlook for iron ore and the company's relationship with China. The discussion highlights the importance of China in the iron ore market. Vale's position in the market is a key factor.

Southern Copper Corp. and Vale are experiencing negative copper costs as rising prices for gold and silver byproducts offset production expenses. The article highlights copper debris removal during refining at Southern's refinery.