Deep-sea miner is said to have misled investors, government officials, and the public through material misrepresentations and omissions.

The company benefited from higher copper prices.

The funds will be used to finance its decarbonization plan, under which it aims to decarbonize 100% of its energy matrix by 2030.

Energy Permitting Reform Act of 2024 could speed up approvals of clean-energy, pipeline and electricity transmission projects.

A senior White House adviser said lifting that punishment is necessary to open up the assets to new investments that support US interests.

The Stobie pit is the first phase of Vale's C$945 million plans to revitalize the copper complex in Sudbury.

Copper production during the quarter totaled 270,747 metric tons, up 4.7% from a year earlier.

The miner also announced internally that it will no longer enter into long-term deals to buy commodities that it doesn’t already produce.