Vale, a Brazilian mining giant and one of the largest mining companies in the world, is working with Chinese partners on various projects across the world to promote green transformation, the company's CEO Gustavo Pimenta has said.
Pimenta made the statement in an interview with China Central Television on the occasion of the China Development Forum 2025 held in Beijing on March 23-24.
Pimenta was among the heads of about 80 multinationals who attended the China Development Forum 2025 in exploring new cooperation opportunities with the world's second-largest economy.
In the interview, Pimenta mentioned that Vale and its Chinese partners are jointly developing new steel production hubs in the gas-rich Middle East, with plans to use hydrogen technology to replace traditional energy sources. This initiative aligns with Vale's decarbonization strategy.
The company has already made progress in reducing carbon emissions, notably through its partnership with Chinese suppliers to set up a large solar park in Brazil.
"We are developing new hubs with our Chinese clients in areas where we have access to cheaper natural gas. In the future, hydrogen. In the Middle East, for example, has one potential hub for steel manufacturing, and a lot of our Chinese clients are going with us in that journey," he said.
Speaking about building a new project in Oman, the CEO highlighted the speed and efficiency of their Chinese partner.
"One announcement we did last year was the development of a new concentration facility in Oman, and we are doing this with a Chinese partner. The project is moving extremely well, to a point that my Chinese partner is saying they can eventually bring the project earlier, which is quite unique in the environment where usually projects are more expensive and take longer. The experience that sometimes we have with Chinese partners is that they deliver on budget and sometimes even earlier than the timeline, which for us is a tremendous experience that we are having," said Pimenta.
Vale is also looking to take its cooperation with China to the next level by developing more "green hubs" in the Middle East, particularly in Saudi Arabia and the UAE, to explore new models for zero-carbon steel production, the CEO said.
In addition, as the Chinese government sends clearer signals to welcome foreign investment and introduces more policies to create a favorable business environment, foreign-funded enterprises are increasingly strengthening their expansion in China.
"I was very happy to see very decisive actions on the fiscal side and many other actions that have been very well received by the market. In fact, when we talk to our clients here, we started to see very real impact in consumption, downstream in people's life," Pimenta said.
Brazilian mining giant expands cooperation with China to drive green transformation
