Vale informed this Tuesday (14), in a statement sent to the Securities and Exchange Commission (CVM), that it has ruled out any investment related to the iron ore mines located in Corumbá, Mato Grosso do Sul. According to the mining company, it regularly evaluates investment opportunities in the course of its activities, especially those with the potential to contribute to its strategic priorities. After the analysis, however, it decided not to proceed with the project. The company stressed that all capital allocation decisions go through a rigorous evaluation process, which considers technical, economic and financial criteria, in addition to following internal policies and corporate governance rules.
This text was translated by machine from Brazilian Portuguese.