https://www.miningweekly.com

Vale creates venture capital arm to spur mining innovation

9th June 2022

By: Bloomberg

  

Font size: - +

Vale, the world’s No. 2 iron-ore producer and one of the biggest nickel suppliers, has created a corporate venture capital arm to back startups focused on developing game-changing innovations for mining and metals challenges.

Vale Ventures is starting with a $100-million budget to invest in firms involved in sustainable mining initiatives. The unit seeks to provide initial funding and early-stage investments in startups worldwide, with a goal of holding 3% to 5% stakes in the firms.

“We’ll be part of a pool of investors working for the success of these startups,” Vale Ventures head Viktor Moszkowicz said in an interview.

Vale’s outlay will be enough to build an initial portfolio of investments in about five years, generating financial and strategic return, he said. The first in Vale’s portfolio is Boston Metal, a firm focused on steel decarbonization technology that has the backing of cleantech venture capital funds, mining companies and steel users. Vale invested $6-million in the US company in September.

Vale’s venture capital push follows similar initiatives pursued by rivals including BHP Group and Rio Tinto Group. The Brazilian mining giant looks to gain access to business opportunities and innovative technologies with the potential to be used in its operations amid a push to meet its environmental targets.

The Rio de Janeiro-based company has four main themes that drive Vale Ventures portfolio selection: decarbonization, zero-waste mining, technology that changes mining operations, and energy transition metals.

The last theme aims to boost the supply and demand of key metals needed to support the shift from fossil fuels to less polluting energy. Startups that are developing batteries that use metals produced by Vale are on the radar as is technology that creates “urban mines”—places where discarded metals can be recycled, Moszkowicz said.

Edited by Bloomberg

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

TEBA
TEBA

TEBA is a trusted workforce solutions partner to the mining and industrial sectors, providing end-to-end SLP compliant recruitment, candidate...

VISIT SHOWROOM 
EKATO Africa
EKATO Africa

Established in 1933, EKATO is the world leader in agitation technology, supplying agitators for processes and applications such as chemicals and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (23/10/2026)
23rd October 2026 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

➕

➕

➕

➕

➕

RESEARCH CHANNEL AFRICA

SUBSCRIBE

➕

➕

➕

➕

➕

➕

➕

➕

➕

➕

CORPORATE PACKAGES

CLICK FOR A QUOTATION

➕

➕







sq:0.042 0.063s - 122pq - 2rq
Subscribe Now