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Business|Copper|Projects|Operations
business|copper|projects|operations

Vale Base Metals CEO steps down

4th December 2023

By: Creamer Media Reporter

     

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Deshnee Naidoo has announced her resignation as CEO of Vale Base Metals (VBM) on March 31, 2024.

The board has initiated the process to identify and appoint a new CEO, who will be based in Toronto, to succeed Naidoo in leading VBM.

“Having led the successful carve-out of VBM from Vale, now is the right time for me to hand over to a successor who will take the business on to the next phase of growth,” commented Naidoo.

Chairperson Mark Cutifani thanked Naidoo for her commitment to VBM. “She was instrumental in guiding the company through the carve-out of the business earlier this year, which has positioned the company for value-creating growth in the coming years.

“For our producing operations and development projects, business improvement continues to be the focus. I look forward to working with Deshnee until the end of March as we guide the business to the next stage of our journey,” said Cutifani.

Over the next decade, VBM maintains its plans to invest $25-billion to $30-billion in strategic mineral projects in Brazil, Canada and Indonesia, with the aim to nearly triple copper output to 900 000 t/y and to almost double nickel production at the same time to 300 000 t/y from 160 000 t to 175 000 t.

Edited by Creamer Media Reporter

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