Brazil Mining News

Brazil bans upstream mining dams after Vale's latest disaster

All so-called upstream dams need to be decommissioned or removed by August, 2021, according to a resolution the National Mining Agency published on Monday.

Vale evacuates 200 people from town near its Mar Azul mine

The tailings dam at the iron ore mine is inactive so the miner said the evacuation is precautionary.

Fire shuts down Vale’s Malaysia distribution center

The majority of material from the Malaysian distribution center is Brazilian Blend fines destined for China.

Kinross stock rallies after reporting record production at Paracatu and Bald Mountain

Operating cash flow reached $790 million in 2018, and cash and equivalents of $349 million, $1.9 billion in liquidity, and no debt maturities until 2021.

Trust in tailings? Vale dam disaster spurs investors into action

The disaster has called into question the willingness of investors and lenders to continue funding the broader industry.

Miner Vale says fire to halt operations at Malaysia distribution center

The company said the fire should have a reduced impact on shipments as 10 days of preventive maintenance was already programmed at the terminal.

Brazil's Usiminas more than doubles profits in 2018

Brazil's Usinas Siderurgicas de Minas Gerais posted $223.21 million in profit in 2018.

Eight Vale employees arrested in Brazil as part of dam collapse probe

Four people from the German consulting group Tüv Süd, company that certified the safety of Vale’s dams, were also detained.

Investors applaud Yamana Gold’s Q4 results

Yamana Gold’s stock was up 4.65% in after hours trading.

China iron ore imports rise on pre-holiday restocking

Iron ore supply is expected to tighten after the Vale accident, but actual effects in the Chinese market will not occur until late March.

Brazilian mine tragedy will not be the last tailings dam disaster

Our current prediction is for 19 very serious failures between 2018 and 2027.

Brazil's Vale resumes operations at Espírito Santo port terminal -filing

The authorities had closed the port terminal operated by the miner and fined it 35 million reais ($9.43 million) for throwing mining residues in the sea.

'Let's make Vale private again,' but just not yet

State-development bank BNDES intends to sell shares in the miner, but has yet to find a good moment to do so.

NGOs push to expel Brazil miner Vale from UN pact over dam disaster

"The Brumadinho disaster shows that favoring profit over safety has been Vale's standard operating procedure."

Nickel rally fades, electric vehicle buzz doesn't

Was it another false dawn for the nickel market?

Brazil miner Vale knew deadly dam had heightened risk of collapse

We used to say these kinds of mining incidents were acts of God, but now ... we consider them failures in engineering.

Half of the world’s biggest miners do not keep track of their tailings risk management measures -report

The Responsible Mining Foundation says many of the world’s largest mining companies are not able to ‘know and show’ how effectively they are addressing the risks of tailings dam failure and seepage.

Goldman and its biggest critic agree on iron ore, finally…

In the near term, the significant disruption to Brazilian supply will likely keep iron ore prices elevated and volatile.

Iron ore powers to highest since 2014 as Vale crisis intensifies

This week’s drama has played out as the most important iron ore user has been offline, with Chinese markets closed for Lunar New Year.

Hundreds evacuated in Brazil on fears over mining dams safety

About 700 people were evacuated from two towns located near tailings dams operated by Vale and ArcelorMittal on mounting fears after last month's breach at Brumadinho, the country's deadliest mine disaster.

ArcelorMittal sees small steel demand rise, shares slip on margin concerns

ArcelorMittal is investing in projects in Mexico and Brazil, and has bought Votorantim in Brazil and Italy's Ilva, Europe's largest capacity steel plant.

Norsk Hydro's Q4 hit by restricted Brazil output, shares hit 2-year low

"A prolonged embargo will have negative impact on earnings, cash flow and sentiment."

Brazil set to ban upstream tailings dams after collapse kills hundreds

The National Mining Agency aims to issue an ordinance on Friday requiring that upstream tailings dams be taken down or converted into other types of dams.

Iron ore prices reach almost two-year high

Analysts believe the price surge lines up with the market halting up to 40 million metric tonnes of Vale’s iron ore production.

Vale knew about sensor problems at dam before burst – Globo TV

Vale SA was made aware of problems with sensors designed to monitor the structure of a dam that ended up bursting, 2 days before the disaster.