1. Homepage
  2. Equities
  3. Brazil
  4. Bolsa de Valores de Sao Paulo
  5. Vale S.A.
  6. News
  7. Summary
    VALE3   BRVALEACNOR0

VALE S.A.

(VALE3)
  Report
Delayed Bolsa de Valores de Sao Paulo  -  05/26 04:07:57 pm EDT
84.25 BRL   -0.06%
05/24VALE S.A. : There is still some upside potential
05/20VALE S A : Yammer Booklet
PU
05/19Fitch Downgrades Hidrovias' IDRs to 'BB-'; Outlook Stable
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Vale S A : Commitment to sustainable practice, PT Vale Trials Electric Cars in Operational areas

01/21/2022 | 12:23pm EDT

1/21/2022

Commitment to sustainable practice, PT Vale Trials Electric Cars in Operational areas
Page Content

Commitment to sustainable practice, PT Vale trials electric cars in operational areas PT Vale realizes the commitment of sustainable mining practices consistently to achieve the net zero emissions target by 2050, as well as efforts to maintain the sustainability of the Earth. One of the steps summarized in the Company's agenda is the program of using Electric Vehicles (EV).

"Today, PT Vale recorded an important milestone in realizing the carbon emission reduction program by conducting trials on the use of electric cars, using one of the brands already marketed in South Sulawesi. In the first phase that lasts until March, the car is ready to be operated to support the operational activities of the Department of Energy &Logistic in the Sorowako to Malili area," said Adriansyah,Friday, January 14, 2022.

The trials are planned to continue until September and will be operated as a fleet of employee taxis. Currently, the Company has set up charging stations in the General Facilities & Services (GFS) area.

On the other hand, PT Vale is conducting a study on the conversion of fossil fuel Light Vehicles (LV) into electric vehicles, pending official regulations from the Central Government regarding the modification. In addition, the Company is in the process of purchasing one unit of electric trucks from China with a capacity of 70 tons, and its trials will take place in the third quarter of this year.

Manager Environment & Permit Management Muhammad Adli Lubis added, The Company has a number of energy transition initiatives to reduce carbon emissions by 33% in 2030. In addition to the use of electric vehicles, there will also be fuel replacement in the process of processing nickel from coal to liquefied natural gas (LNG), as well as the use of biomass as a reductant in reduction kilns.

"Through these efforts, PT Vale intends to sign green mining, while realizing the ambition to become a leader in sustainable mining. We hope that the use of electric vehicles can contribute to achieving the Company's target by 2030, while supporting the net zero emissions agenda by 2050," said Adli.

​​

Disclaimer

Vale SA published this content on 21 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 January 2022 17:22:04 UTC.


© Publicnow 2022
All news about VALE S.A.
05/20VALE S A : Yammer Booklet
PU
05/19Fitch Downgrades Hidrovias' IDRs to 'BB-'; Outlook Stable
AQ
05/18Vale, BHP's Samarco Joint Venture Receives Alternative Restructuring Plan From Bondhold..
MT
05/18The SEC's Climate And ESG Task Force Charges Vale S.A. With Securities Fraud
AQ
05/17VALE S A : Tolerating discrimination is not part of Vale
PU
05/17Ten percent of workers at Indian-owned Mozambique coal mine are on strike
RE
05/17VALE S A : receives third-party assurance for additional low-carbon nickel products
PU
05/13VALE S A : Tolerating discrimination is not part of Vale
PU
05/12VALE S A : BHP e Rio Tinto back eight winning ideas in global Charge On Innovation Challen..
PU
05/12SEC Enforcement Division's ESG Task Force "Lifts The Vale" On Its Scrutiny Of ESG Discl..
AQ
More news
Analyst Recommendations on VALE S.A.
More recommendations
Financials (USD)
Sales 2022 52 549 M - -
Net income 2022 19 204 M - -
Net Debt 2022 3 198 M - -
P/E ratio 2022 3,83x
Yield 2022 10,2%
Capitalization 83 438 M 83 438 M -
EV / Sales 2022 1,65x
EV / Sales 2023 1,74x
Nbr of Employees 74 316
Free-Float 89,1%
Chart VALE S.A.
Duration : Period :
Vale S.A. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends VALE S.A.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 9
Last Close Price 17,60 $
Average target price 22,57 $
Spread / Average Target 28,2%
EPS Revisions
Managers and Directors
Eduardo De Salles Bartolomeo Chief Executive Officer
Gustavo Pimenta Executive VP-Finance & Investor Relations
Denis Cuenca Chief Compliance Officer
Lucio Azevedo Independent Director
Marcelo Gasparino da Silva Independent Director
Sector and Competitors
1st jan.Capi. (M$)
VALE S.A.7.80%82 558
FORTESCUE METALS GROUP LIMITED7.65%45 016
KUMBA IRON ORE LIMITED13.01%10 614
CSN MINERAÇÃO S.A.-31.75%5 213
NMDC LIMITED-5.62%4 576
CAP S.A.15.06%1 711