Skip to content
Bull Bear Daily

Bull Bear Daily

Primary Menu
  • Home
  • Business
  • Domestic
  • Economy
  • Money
  • Politics
  • Top News
  • Newsletters
  • Home
  • 2025
  • July
  • 16
  • Exclusive-Miner Vale misses deadline for power to expand Brazil nickel complex
  • Business

Exclusive-Miner Vale misses deadline for power to expand Brazil nickel complex

Bull Bear Daily July 16, 2025

By Leticia Fucuchima and Marta Nogueira

SAO PAULO/RIO DE JANEIRO (Reuters) -Brazilian power grid operator ONS told Reuters it denied miner Vale’s request to increase power consumption at its northern Onca Puma nickel complex, after missing a deadline to confirm the bid.

The denial comes as Vale prepares to start up a second furnace at Onca Puma, a $555 million expansion that should help the miner boost nickel production in coming years.

Vale told Reuters that despite the denied request it was maintaining its outlook to start operating the new furnace in the second half of this year.

The miner plans to raise its global nickel production to as much as 250,000 metric tons in 2030, from around 160,000 tons last year. The second furnace in Onca Puma is expected to add annual output of 15,200 tons.

ONS documents seen by Reuters showed Vale in late 2023 asked to increase power consumption at Onca Puma to 200 megawatts at the start of this year.

Over the past year, ONS issued documents attesting to the viability of the power consumption increase at Onca Puma, but ONS said Vale did not sign a contract within the stipulated deadline.

Vale filed a new request with ONS in February, ONS said, asking for the power consumption increase at Onca Puma to start in June.

The request, however, was denied by the national grid operator, which said the additional power had been allocated to another project in its pipeline.

Vale told Reuters it is evaluating “technical alternatives” with ONS to enable the approval of its request for the Onca Puma expansion. The miner said it expects to resolve the issue soon.

The nominal nickel capacity at Vale’s Onca Puma is currently around 27,000 tons per year. The complex accounted for around 10% of Vale’s total nickel production last year.

(Reporting by Leticia Fucuchima in Sao Paulo and Marta Nogueira in Rio de Janeiro; Editing by Sarah Morland and Chris Reese)

About the Author

Bull Bear Daily

Administrator

Author's website Author's posts

Continue Reading

Previous: US transportation chief to detail plan to overhaul air traffic control

Related Stories

2025-07-16T005327Z_1_LYNXMPEL6F00Q_RTROPTP_4_AURA-MINERALS-IPO-2
  • Business

Canada’s Aura Minerals plans to raise over $196 million in US IPO

Bull Bear Daily July 16, 2025
2025-07-16T000444Z_1_LYNXMPEL6F003_RTROPTP_4_CHILE-LITHIUM-INDIGENOUS-2
  • Business

Indigenous groups ask Chile court to pause community review of Codelco-SQM lithium deal

Bull Bear Daily July 16, 2025
2025-05-30T122130Z_2_LYNXNPEL4T0KE_RTROPTP_4_CHINA-ENERGY.JPG
  • Business

Shale producer EOG boosts Utica footprint with $5.6 billion Encino deal

Bull Bear Daily July 16, 2025

Live Market Pulse

The charting technology is provided by TradingView. Learn how to use theTradingView Stock Screener.

Recent Posts

  • Exclusive-Miner Vale misses deadline for power to expand Brazil nickel complex
  • US transportation chief to detail plan to overhaul air traffic control
  • US renewable power transmission project under fire from farmers
  • Canada’s Aura Minerals plans to raise over $196 million in US IPO
  • Indigenous groups ask Chile court to pause community review of Codelco-SQM lithium deal

You may have missed

2025-05-30T120334Z_1_LYNXNPEL4T0K7_RTROPTP_4_VALE-DISASTER-BRUCUTU.JPG
  • Business

Exclusive-Miner Vale misses deadline for power to expand Brazil nickel complex

Bull Bear Daily July 16, 2025
2025-07-15T210529Z_1_LYNXMPEL6E0Z1_RTROPTP_4_USA-AIRLINES-2

US transportation chief to detail plan to overhaul air traffic control

Bull Bear Daily July 16, 2025
  • Domestic

US renewable power transmission project under fire from farmers

Bull Bear Daily July 16, 2025
2025-07-16T005327Z_1_LYNXMPEL6F00Q_RTROPTP_4_AURA-MINERALS-IPO-2
  • Business

Canada’s Aura Minerals plans to raise over $196 million in US IPO

Bull Bear Daily July 16, 2025
  • Home
  • Privacy Policy
  • Terms of Service
  • Disclaimer
  • Contact Us
Copyright 2025 © All rights reserved | Bull Bear Daily | bullbeardaily.com