- Write by:
-
Monday, March 11, 2024 - 21:12:01
-
91 Visit
-
Print
A former board member for Brazilian miner Vale said his decision to step down on Monday came after the firm’s succession process was conducted in a “manipulated manner,” according to his resignation letter seen by Reuters on Tuesday.
Last week, Vale, one of the world’s largest iron ore miners, extended the term of its CEO Eduardo Bartolomeo until the end of the year, amid media reports that the Brazilian government was seeking to influence the decision.
In the letter to Vale’s chair, former board member Jose Luciano Duarte Penido said the process of choosing a new CEO had “evident and nefarious political influence,” and that there had been frequent and biased leaks to the press made “in clear disregard for confidentiality.”
Vale had reported Duarte Penido’s resignation on Monday without detailing his reasons.
In a securities filing released by Vale on Tuesday, the board said its actions during the process of defining the next CEO complied with the firm’s bylaws, internal regulations and corporate policies.
Short Link:
https://www.miningnews.ir/En/News/628133
Oxford Economics Australia has released data showing mine maintenance spending may be hitting its peak. But what does it ...
Iron ore futures fell to their lowest in more than two weeks, pressured by an inventory accumulation at Chinese ports ...
Anglo American’s key South African shareholders are open to a takeover offer from BHP, with some advocating for an ...
Japan’s top steelmaker, Nippon Steel, is sticking to its plan to close a deal by year-end to buy US Steel, which it ...
Anglo American’s key South African shareholders are open to a takeover offer from BHP, with some advocating for an ...
A Brazilian federal court rejected a request made by the country’s solicitor general’s office asking that miners Vale, ...
Imports of iron ore by China, the world’s biggest buyer, in 2024 are expected to be around 1.17 to 1.18 billion metric ...
BHP’s plan to divest the South African assets of its target Anglo American are key to the strategy behind the proposed ...
Anglo American CEO Duncan Wanblad is meeting on Friday South African mines minister Gwede Mantashe for the first time ...
No comments have been posted yet ...