In São Paulo, Enel’s financial success stands in stark contrast to its operational challenges. The Italian energy giant reported a 58.6% increase in net profit for the third quarter of 2024. This impressive growth brought their earnings to R$ 330 million ($58.9 million). However, the company’s recent performance has been overshadowed by widespread power outages. […]
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Vale’s Nickel Plant Halts Operations After Windstorm Damages Power Lines
Vale, the Brazilian mining giant, has temporarily stopped production at its Onça Puma nickel plant in Pará state. The shutdown came after a fierce windstorm on October 5, 2024, damaged the local power transmission network. Vale expects the plant to resume operations by October 15, 2024, once power is restored. The company reassured stakeholders that […]