From 2014 to 2016, Usmar served as Barrick Gold’s (TSX: ABX) (NYSE: GOLD) CFO and also held earlier positions at Xstrata and BHP (ASX: BHP).
“Vale Base Metals is uniquely positioned as a focused global energy transition metals company to provide the critical metals the planet needs as it transitions from fossil fuels, Usmar said. “I am extremely excited by the potential the business offers.”
The new CEO of Vale Base Metals will oversee operations in Canada, Brazil, and Indonesia. The position had been vacant since March, when Deshnee Naidoo’s resignation became effective.
Former Anglo American boss Mark Cutifani has lead the division since then, after being recruited as chairman of the unit in 2023. Cutifani recently announced a plan that involves significant investments to boost productivity and reduce costs at Brazilian and Canadian nickel and copper mines.
Vale separated its nickel, copper and cobalt operations from…
