Rio de Janeiro/Brasilia (Reuters) – Vale’s president (), Gustavo Pimenta, defended the day before that there is “enormous convergence” between the mining company’s strategic projects and the Brazilian development agenda, during his first official meeting with the president Luiz Inácio Lula da Silva since taking over the company last October.
At the meeting, Pimenta addressed projects by the mining company “that contribute to boosting Brazil to the global leadership of the energy transition agenda and decarbonization,” according to Vale in a statement.
When chosen by the Board of Directors, Pimenta took as one of his missions to improve Vale’s relationship with the federal government and other audiences, he said earlier in a meeting with market analysts.
A source along with the eve of the day before said Lula said that the government and the mining company need to work together, pointing out that there were “noises” in the past, but they no longer have to have. The meeting at Planalto Palace would have lasted about 1 hour.
Asked, Vale declined to comment on the source statement. In its note, the company pointed out that since taking over the presidency, Pimenta “has maintained regular institutional relationship with various audiences, such as communities, authorities, investors and other industry agents.”
The choice of pepper to lead the company by the Board of Directors occurred after Lula’s government often made harsh criticism of the mining company’s direction and gave public signs that I would like to influence the choice of a new executive. The change occurred with the end of his predecessor’s mandate, Eduardo Bartolomeo.
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At the time, Vale’s chairman Daniel Stieler said in an interview with Reuters that Vale needed to improve the communication process for the government to realize the company’s value to society, and argued that Pimenta would have the skills to guide the company In that direction.
Privatized in the 1990s, Vale has in recent years has become a company with sprayed capital, without defined control, and its largest shareholder Previ, Banco do Brasil employees. Other relevant shareholders are Mitsui and Blackrock.
