Following the press release on July 23rd, Vale is pleased to announce that Shaun Usmar will assume the role of Chief Executive Officer of Vale Base Metals effective October 1, 2024.

Mr. Usmar, who will be based in Toronto, is an international mining executive with over 30 years of experience in operational, financial, and executive leadership roles. He founded Triple Flag and served as Senior Executive Vice President and Chief Financial Officer of Barrick Gold Corporation, where he helped restructure the company. His career also includes significant roles at Xstrata and BHP Billiton.