Brazil Mining News

Report investigates human rights abuse linked to Kinross Gold's Brazilian mine

A report released today documents human rights abuse tied to a Canadian mine in Brazil, a project operated by a subsidiary of Kinross Gold.

Vale aims to halve debt to $10bn by 2019

The company also said is ready to shut Caledonia mine mid-next year if it has not found a strategic partner ready to buy a 20 to 40% stake in the project.

Biggest iron ore miner threatens to flood market if prices surge

Brazil's Vale is prepared to unleash as much as 50 million metric tons of spare capacity to balance the market if prices get too high.

Vale to use cash flow to pay dividends, reduce debt -CEO

"The first thing we are going to do with the cash is pay debt, and then we are going to make this company's shareholders happy as never before," said Chief Executive Officer Fabio Schvartsman.

Brazil new mining regulations pose short-term downside risks: Analysts

Could the lack of a broader mining code overhaul weigh on investor sentiment over the coming months?

Brazil mining code unchanged as Senate fails to vote on bill

Brazil’s lower house of Congress removed from the agenda the discussion of a transitory presidential decree, which modified the country’s current mining law.

Iron ore will go back to $50, says Goldman Sachs

Analyst Hui Shan said that Goldman’s projections see iron ore falling to $60 a ton in three months, $55 in six and $50 in 12.

Brazilian miners up in arms as lawmakers hike iron ore, gold royalties

They claim it won’t be possible to cut costs enough to offset the higher levies, and warn that some miners may need to pass on this new cost increase to the industrial production chain.

Brazil's Congress approves higher mining royalties

Brazil's lower house passed a bill that would boost royalty rates on iron ore by 75%, as both houses voted in a win for President Michel Temer's reform agenda.

BHP, Vale get extension to settle $48 billion Samarco claim

BHP Billiton Ltd and Vale SA have secured a 150-day extension from a Brazilian court to negotiate a settlement of a $48 billion claim stemming from the Samarco mine disaster in 2015, BHP said on […]

Vale says still looking to sell stake in New Caledonia nickel mine

The miner denied it had decided to suspend the sale of a stake in its loss-making New Caledonia nickel mine (VNC), and added that its plan to find a partner is still a go.

Anglo to halt Minas Rio in Brazil if expansion licence delayed further

The company said if long-delayed permit for its massive iron ore mine is not issued next month as expected, it would have to shut it by Sep. 2018.

What people think of globalization, by country

More than in the past, the population is divided on whether globalization is a force for good or not.

UN urges miners to better regulations needed to prevent disasters

According to the UN Environment Program's latest report, most of the 40 significant mine waste accidents in the past decade have involved dams or other storage areas that failed.

Iron miners: capex will not see strong comeback, says new research

BMI predicts that iron ore prices will remain on a long-term gradual downtrend until at least 2021.

Sudbury Coleman Mine in shutdown for 30 days

Under the terms of the collective agreement, employees do not get paid when work is not available.

Here's what to expect in terms of Eldorado Gold exploration projects

Canadian gold miner provides an update on exploration activities completed to date in 2017.

Brazil regulator rejects Vale bid to change output target for railroad

Production goals for Vale's Carajas project, the world's largest open-air iron ore mine, are directly tied to cargo shipments on its railroad there, which carries output to Brazil's Ponta da Madeira port.

Settlement in $48 billion lawsuit against BHP, Vale postponed again

Samarco JV iron ore mine in Brazil remains closed two years after deadly dam burst.

Canada's 3rd largest mining IPO points to healthy investor appetite

Zinc major Nexa Resources up more than 12% since Friday's IPO.

Vale is stockpiling iron ore to make the most of higher prices

Third quarter results for the Brazilian miner, the world's top iron ore producer, show a 19 million tonne gap between sales and output.

Brazil congressional committees vote on reforms helping small miners

While an estimated 61 larger miners will pay more, about 30,000 smaller miners seen as larger job creators will pay less.

UNEP urges mining companies to better manage tailings facilities

The agency is urging mining companies to put safety first and avoid erecting dams using methods that are known to be high risk.

Vale’s iron ore output hits another record

Iron ore production rose 3.3% compared with the same period last year to hit a fresh quarterly record of 95.1 million tonnes.

Vale puts stake in New Caledonian nickel unit up for sale

Move is part of a wider review of low performing assets after new Chief Executive Fabio Schvartsman took charge in June.