The miner also said it expects to submit an environmental permit application to expand the El Abra mine by the end of 2025.

The miner must stop funding legal action to prevent a $46 billion claim over the dam collapse.

Joaquin Morales will be replaced on an interim basis by the agency's current prosecutor Claudia Rodriguez.

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

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

The new results are highlighted by another high-grade interval of 6 metres at 5.31 g/t gold.

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

The iron oxide-copper-gold project is located near Vale's Salobo operations and Ero’s Tucumã project.