Brazil’s Vale says it has created Vale Ventures (VV) to support start-ups globally whose innovative technologies will be implemented in their operations, Kallanish learns from the miner.
The venture capital initiative’s $100 million fund will support the transition to a more sustainable world, the company explains.
“By building a portfolio of disruptive solutions, we are able to generate financial and strategic return and bring new business opportunities, insights and insights to our company, customers and society,” says VV ceo Viktor Moszkowicz.
The new company will acquire minority stakes in startups focused on decarbonisation and zero-waste in the mining value chain. VV will also support companies engaged with the supply of essential metals to power the energy transition, and also invest in disruptive technologies that will change how miners operate.
Todor Kirkov Bulgaria
