Vale creates Vale Ventures to invest US$ 100 million in startups focused on sustainability

With the initiative, the mining company will acquire minority stakes in startups focused on sustainable solutions for the mining area.

THE OK announced this Wednesday, 8th, the creation of Vale Venturesa corporate venture capital (venture capital) initiative to invest in startups focusing on sustainable solutions for the mining sector. The company informed that it is committing capital of US$ 100 million, about R$ 489 million, in investment.

With the initiative, the mining company will acquire minority stakes in startups focused on four themes:

• Decarbonization in the mining chain, investing in “technologies that help Vale and its customers reduce carbon emissions, supporting the company’s ambition to reduce emissions to be carbon neutral by 2050”.
• Waste-free mining, with the aim of “reducing waste and the environmental impact of processes, fostering a circular economy and generating new revenue streams”.
• Energy transition metals, “to accelerate the ability to supply essential metals for energy transition and emerging demand drivers”.
• Mining of the future, with investment in “new technologies that will change the way miners run their business”.

“We will collaborate with forward-thinking startups that bring big ideas and bold thinking to these monumental challenges. By assembling a portfolio of disruptive solutions, we can generate financial and strategic returns, creating new business opportunities, insights and knowledge for Vale, customers and society,” says Vale Ventures leader Viktor Moszkowicz.

Startups wishing to register for the initiative should access the website www.vale.com/valeventures.

Source: Exam