INSUBCONTINENT EXCLUSIVE:
Vale and BNDES have joined forces to create a R$1 billion (approximately $180 million) fund for critical minerals exploration.The fund aims
Vale to closely monitor projects in this area and potentially co-invest in those aligned with its commercial strategy
The growing demand for critical minerals stems from the global push for energy transition.Pimenta highlighted that the challenge lies not in
demand but in bringing these minerals into operation and developing projects to commercial stages
This fund addresses that challenge head-on.Vale Diversifies Portfolio with New Critical Minerals Fund
(Photo Internet reproduction)A consortium comprising ORE Investments and a joint venture between JGP and BB Asset will manage the fund
The fund will operate as a Private Equity Investment Fund (FIP)
It will support at least 20 Brazilian companies or foreign firms with 90% of their operations in Brazil.These companies will focus on
research, development, implementation, or operation of critical mineral assets
will be available to millions of Banco do Brasil clients, potentially attracting a wide range of investors
existing nickel and copper operations
Aloizio Mercadante sees the fund as a way for Brazil to tap into its enormous potential in critical mineral reserves.He mentioned ongoing
projects supported by the bank, including initiatives to produce powdered lithium for electric motors and batteries
The fund may also finance research and production of fertilizers.This collaborative effort between Vale and BNDES marks a significant step
It positions the country to play a crucial role in the global shift towards sustainable energy solutions.
