President Luiz Inacio Lula da Silva defended on Friday that Vale () distribute dividends to its shareholders but, at the same time, be sure to make investments, given its strategic importance to the country.
Lula also said, during a launch event of the company called Novo Carajás, that the relationship between mining and government faced an “unpleasant climate”, a “unleashed wire”, but tends to get right now that he is in charge of the Presidency of the Republic And there is Gustavo Pimenta in charge of the company.
“It is important that the light valley in mind that it has to distribute dividends to shareholders, but it is important that she takes into account that she has to make investment for her to grow, to generate jobs, and to generate Vale performance in the world of Ore, especially now with these critical minerals, ”said the president at the event in Parauapebas (PA).
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“I think, Pimenta, that your election in Vale, it is an extraordinary opportunity for us to restore what should have never happened, from the separation between the interests of Vale as a strategic company for this country and the Brazilian state, which also It has a strategic interest that Vale grows, ”said Lula.
Vale’s participation as a vector for the country’s economy growth had been charged over the past year, when members of the government, including the president himself, complained about the lack of dialogue with the previous administration of the mining company, among other criticisms.
Lula also expressed his expectation that the mining company will appear among the largest in the world.
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Vale confirmed on Friday an investment of $ 70 billion in the complex located in Pará over the next five years, after the Planalto Palace anticipated the value in a note released this week announcing Lula’s visit, this Friday, Carajás, which houses the Largest open -air mine of iron ore.
The Carajás Mine also has the ore with the highest ore content.
The company stressed that the investment of the program Novo Carajás, which marks 40 years of Vale acting in the region, is in line with Guidance already released.
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Shortly before Lula’s speech, Minister of Mines and Energy, Alexandre Silveira, said in the same event that the federal government sees “clear signs” of change in the new management of Vale that justifies confidence in the new projects of the mining company.
“Over the past few years, Vale has distanced itself a lot from the necessary balance between the interests of the Brazilian company and society. We know very well the results of this scenario. However, we see clear signs of change happening in the new management, ”said Silveira, in his speech.
“Signs that justify our vote of confidence and faith in the leadership of the new president (Vale) Gustavo Pimenta and all his team,” added Silveira, wishing “good luck” to the executive.
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The minister added that Brazilian society should always be the largest beneficiary of mining.
“Just as we should always remember that no one can own the riches of the Brazilian underground,” he added
“Mineral rights concessions cannot and should not only meet the interests of companies,” he said.
