Tag Archives: energy transition metals

Vale goes in search of more mining innovations with new venture capital initiative

Vale says it is launching Vale Ventures, its corporate venture capital initiative, to support pioneering start-ups around the world and create new business opportunities and innovative technologies to incorporate into its own operations.

The $100 million fund has been setup to acquire minority stakes in start-ups focused on four themes:

  • Decarbonisation in the mining value chain – Invest in technologies that will help Vale and its customers reduce carbon emissions, supporting its goal to become carbon neutral by 2050;
  • Zero-waste mining – Reduce waste and the environmental impact of mining while supporting the circular economy and generating new revenue streams;
  • Energy transition metals – Accelerate the supply of essential metals to power the energy transition and foster emerging demand drivers; and
  • The future of mining – Invest in disruptive technologies that will change how miners operate.

Viktor Moszkowicz, Head of Vale Ventures, says: “We will collaborate with forward-thinking start-ups bringing big ideas and bold thinking to these monumental challenges. By creating a portfolio of disruptive solutions, we can generate financial and strategic return, and bring new business opportunities, insights and knowledge to our company, customers and society.”

The company added: “Vale Ventures reinforces Vale’s larger commitment to innovation, which is key to improve life and transform the future together with society.”