Vale considers listing base metals business in late 2026

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Vale is considering a potential public listing for Vale Base Metals by the end of 2026, according to the chair of Vale Base Metals , Mark Cutifani.“The end of 2026 going into 2027 is our objective for an IPO,” Cutifani said.Even if Vale Base Metals does not go public, Cutifani noted, it would be “a very different company by the end of 2026.”will take over the role starting October 1, 2024. The executive, with 30 years of experience, will be based in Toronto.

Before assuming leadership at Vale Base Metals, Usmar founded Triple Flag and served as senior executive vice president and chief financial officer at Barrick Gold . His career also includes significant roles at Xstrata and BHP Billiton.to invest $25-30 billion in strategic mineral projects in Brazil, Canada, and Indonesia, aiming to nearly triple copper production to 900,000 tonnes per year and almost double nickel output to 300,000 tonnes per year, up from the current 160,000-175,000 tonnes.

 

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