- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Vale Still Operating Nickel Processing Plant at Onca Puma
Reuters reported that Vale SA (NYSE:VALE) continues to operate the nickel processing plant at its Onca Puma project. A court had ordered a halt in mining activities at the project, and now there is debate over whether operating the plant violates that order.
Reuters reported that Vale SA (NYSE:VALE) continues to operate the nickel processing plant at its Onca Puma project. A court had ordered a halt in mining activities at the project, and now there is debate over whether operating the plant violates that order.
As quoted in the market news:
While the plant continues to process ore into ferronickel, Vale has stopped operations at the open pit mine where it obtains the nickel ores, Jennifer Maki, Vale’s head of base metals, said on the sidelines of the annual “Vale Day” event.
Vale, the world’s largest producer of nickel, has said in recent days it is in full compliance with the order to halt mining operations at the key nickel facility.
The Federal Public Ministry in Brazil’s Para state (MPF) said on Friday the company had not been complying with the order from the Superior Justice Tribunal for more than a month but did not specify in what way.
It was not previously known that the processing plant was still operating, and while ferro-nickel processing is not a mining activity, it is not clear if the continued operation of the plant was what the MPF was referring to in saying Vale was violating the shutdown order.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.