Investing
Brazil’s Vale says its Sossego copper mine operating license has been suspended

© Reuters. FILE PHOTO: The logo of Brazilian mining company Vale SA is seen in Sao Goncalo do Rio Abaixo, Brazil February 4, 2019. REUTERS/Washington Alves/File Photo
SAO PAULO (Reuters) -Brazilian miner Vale said on Wednesday it had received a letter from the State of Para’s environmental secretary informing it that its operating license for its Sossego mine has been suspended.
The company said in a filing it was evaluating the necessary measures to re-establish the full validity of the mine’s operating license.
Vale, which did not give details of the reason for the suspension in the filing, said it complies with conditions and socio-environmental controls of its activity.
Vale produced 66,800 metric tons of in 2023 in Sossego, its second largest mine of copper in output terms, only behind Salobo, also located in Para.
Para’s environment secretary did not immediately respond to request for comments sent outside normal business hours.
Read the full article here

-
Make Money5 days ago
7 Ways Saudi Arabia’s $600 Billion Investment Could Help—or Hurt—Your Finances
-
Side Hustles3 days ago
How to Turn Social Media Moments Into Newsworthy Stories That Captivate Audiences
-
Side Hustles5 days ago
How to Leverage Your Human Design Profile for Effective Communication and Business Success
-
Investing6 days ago
How This Charleston Brunch Hotspot Keeps Food Costs Down
-
Make Money7 days ago
The Big Sleep: 5 Ways Doing Nothing Helps Your Finances
-
Side Hustles3 days ago
Get a Lifetime of Powerful PDF Tools for Just $50
-
Budgeting5 days ago
Guide To Dependent Care FSAs
-
Side Hustles6 days ago
Healthy Business Growth Comes from Depth, Not Just Disruption — Here’s Why