Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : The Brazil Board -- Ignore unavailable to you. Want to Upgrade?

To: Julius Wong who wrote (2342)	3/30/2023 3:03:09 AM
From: elmatador	Read Replies (1) \| Respond to of 2504

China strategizing with its biggest suppliers: Russia Gas Saudi Petroleum Brazil nickel and Iron Brazilian miner Vale and Chinese sector players sign MOUs One agreement relates to investment in the Morowali project in Indonesia, two to Vale's decarbonization A cooperation agreement with Baoshan Iron & Steel, a subsidiary of China Baowu, relates to the development of biochar in the steel industry. Although there are still no cases of industrial application in China, biomass energy is increasingly seen as a strategic route to low-carbon metallurgy. The agreement is part Vale's efforts to reduce scope 3 emissions by 15% by 2035. The miner and major construction machinery group XCMG also signed a greenhouse emissions MOU to co-develop the world's first zero-emission motor grader for mining. The machine, which is used to level mine accesses, will be tested at mines in the states of Minas Gerais and Pará. If tests turn out positive, Vale will buy several models. Currently, the company has 90 motor graders. Vale is currently testing two electric 72t off-highway trucks manufactured by XCMG in Minas Gerais and in Indonesia. agenda, two are MOUs with Chinese banks and two are related to cooperation with Chinese universities. bnamericas.com