(Image: REUTERS/Adriano Machado)
A Vale (ELECTION 3) proposed incorporating the Aços Laminados do Pará SA subdivision, shows a document sent to the market this Thursday (3).
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According to the mining company, the company is not operational.
“The merger proposal, which aims to optimize the structure of Vale Group companies, in line with the company's simplification process, will be submitted for deliberation at the Extraordinary General Meeting, which will be held on November 14, 2024”, it says.
Who is Aços Laminados do Pará SA?
The company was formed in 2008 with the aim of preparing a feasibility study, acquiring land and obtaining environmental licenses for the subsequent implementation and operation of a steel mill for the production of 2.5 Mta (million tons per year) of products steel mills in Marabá, Pará.