https://www.miningweekly.com
Business|Coal|Fire|Iron Ore
Business|Coal|Fire|Iron Ore
business|coal|fire|iron-ore

Vale taps former investor relations head Fadel as CEO of Bionow

20th October 2023

By: Bloomberg

  

Font size: - +

Vale, the world’s second-biggest iron-ore supplier, picked its former investor relations head Ivan Fadel as CEO for a new business that aims to make cleaner fuel for steelmaking, according to a person familiar with the matter.

Fadel will head up Vale’s subsidiary Bionow, which has been formed to produce biocarbon — a zero-emission product obtained by carbonizing biomass. The business is in its early stages and is focused on research and development for now, said the person. In a test in March, Vale replaced coal with biocarbon as a way to fire iron ore pellets used in steelmaking.

Fadel joined Vale in 2014 from Credit Suisse Group, where he covered the Rio de Janeiro-based company as an equity analyst before becoming a vice president in investment banking. He has been Vale’s head of investor relations since 2020, and earlier managed the company’s joint ventures business and served as investments director for fertilizer and coal.

To watch Creamer Media's latest video reports, click here
 

Edited by Bloomberg

Comments

Showroom

Universal Storage Systems (SA)
Universal Storage Systems (SA)

South African leader in Steel -Racking, -Shelving, and -Mezzanine flooring. Universal has innovated an approach which encompasses conceptualising,...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine video image
Magazine round up | 01 March 2024
1st March 2024
Implats CEO Nico Muller
Implats expecting phased reduction in group output
29th February 2024 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:0.131 0.167s - 93pq - 2rq
Subscribe Now