ENVIRONMENT

Vale creates sustainability office

Brazil-based miner Vale has created a new sustainability division, in a nod to the ESG agenda, its carbon-neutral by 2050 goal and other commitments following the 2019 fatal Brumadinho tailings dam failure.

Vale has named Maria Luiza de Oliveira Pinto e Paiva sustainability executive officer

Vale has named Maria Luiza de Oliveira Pinto e Paiva sustainability executive officer

It has appointed Maria Luiza de Oliveira Pinto e Paiva as sustainability executive officer to head the division.

Pinto e Paiva is set to start on March 15, having held the same role from 2019 until this month at Brazilian pulp and paper company Suzano.

"With the growth of the ESG agenda and to continue delivering the results of the commitments made in its new pact with society, the board of directors has decided to establish an executive office exclusively for the sustainability theme," Vale said.

It said the sustainability area had undergone a profound restructuring over the past four years under Luiz Eduardo Osorio's leadership.

He would now focus on his role as executive director of institutional relations and communication, Vale said. 

Major miners are showing an increasing commitment to ESG initiatives, with Rio Tinto recently undergoing a leadership overhaul following its destruction of culturally significant Juukan Gorge caves last year, Newmont establishing a Global Centre for Indigenous Community Relations and Albemarle boss Kent Masters signing the CEO Action for Diversity and Inclusion pledge last week. 

Vale is due to release its 2020 financial results on February 25.

Its shares (BZ: VALE3) are near a five-year high reached in January, closing on Friday at BRL97.77 to capitalise it about BRL501 billion (US$93 billion).

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions