Vale Considers Bid for Porto Sudeste and Plans for El Niño
Vale CEO Gustavo Pimenta said the company is weighing whether to participate in the bidding for the Porto Sudeste project in Itaguaí, Rio de Janeiro, but has not made a decision. Pimenta linked higher production of high-grade iron ore to decarbonizing steelmaking. He also said Vale is preparing for El Niño-driven rainfall shifts across Brazil, with a plan for its South and Southeast operations.