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Vale launching $100M venture capital fund

Nickel miner supporting tech startups to improve mining processes
Vale Copper Cliff 2
Vale's Copper Cliff complex near Sudbury

Nickel miner Vale is launching a new venture capital fund to support startups working on solutions to some of mining’s top problems.

Announced on June 8, Vale Ventures is a $100-million fund that will be used to invest in companies whose work is focused on four themes: the reduction of carbon emissions, the reduction of waste and environmental impact, speeding up the supply of critical minerals, and the development of disruptive technologies that will change how mines operate.

“We will collaborate with forward-thinking startups bringing big ideas and bold thinking to these monumental challenges,” said Viktor Moszkowicz, head of Vale Ventures, in a June 8 news release.

“By creating a portfolio of disruptive solutions, we can generate financial and strategic return, and bring new business opportunities, insights, and knowledge to our company, customers and society.”

Companies interested in participating in the initiative can contact the company here.