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Vale Considers Bid for Porto Sudeste and Plans for El Niño

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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.

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