Government sees clear signs of changes in valley that justify confidence, says minister

The federal government sees “clear signs” of change in the new management of Vale (Vale3) that justify confidence in the new projects of the mining company, said on Friday (14) Minister of Mines and Energy, Alexandre Silveira, during launch event of the company program called Novo Carajás.

“Over the past few years, Vale has distanced itself a lot from the necessary balance between the interests of the Brazilian company and society. We know very well the results of this scenario. However, we see clear signs of change happening in the new management, ”said Silveira, in his speech

“Signs that justify our vote of confidence and faith in the leadership of the new president (Vale) Gustavo Pimenta and all his team,” added Silveira, wishing “good luck” to the executive.

Read more: Vale: Iron ore production in Carajás can rise to 200 million tons in 2030

Vale’s participation as a vector for the country’s economy growth had been charged throughout last year, when members of the government, including President Luiz Inacio Lula da Silva, complained about the lack of dialogue with the previous administration of the mining company, between other criticisms.

The minister added that Brazilian society should always be the largest beneficiary of mining. “Just as we should always remember that no one can own the riches of the Brazilian underground,” he added

“Mineral rights concessions cannot and should not only meet the interests of companies,” he added.

Vale confirmed on Friday an investment of R $ 70 billion in the complex located in Pará in the next five years, after the Planalto Palace anticipated the value in a statement released this week announcing Lula’s visit, this Friday, Carajás, that houses the largest open -air mine of iron ore.

The Carajás Mine also has the ore with the highest ore content.

The company stressed that the investment of the program Novo Carajás, which marks 40 years of Vale acting in the region, is in line with Guidance already released.