Brazil Mining News

US court cancels most of class action against Samarco over deadly dam burst

Vale said the US District Court for the Southern District of New York annulled the majority of a class action lawsuit against the company and executives over the 2015 deadly accident.

Indian billionaire Agarwal goes after 12% of Anglo American

Deal would make of Volcan Investments Ltd., Agarwal's family trust, the second-largest investor in Anglo American.

Rio Tinto chairman Jan du Plessis steps down, set to lead BT

He joins a growing list of chairmen who are leaving some of the world's' top mining companies, including BHP Billiton and Anglo American.

Rio Tinto defers former CEO Walsh bonus over Guinea scandal

Sam Walsh's bonuses, potentially worth millions, had been delayed for at least two years as investigations continue into dubious payments related to Simandou iron ore project in Africa.

Vale swings back into the black on soaring iron ore prices

The world's No.1 iron-ore producer recorded a net profit of $3.98 billion in 2016, a significant recovery from a loss of $12.13 billion it reported a year earlier.

Anglo American not selling assets any more as it returns to profit

The world's number five diversified miner posted its first annual net profit in five years.

FLSmidth awarded first phase of EPC contract for gold mine

Belo Sun Mining Corp. has awarded FLSmidth the first phase of an EPC contract for the Volta Grande gold mine processing plant in Brazil’s Amazon region.

Vale’s iron ore output just hit another record

The world’s No.1 iron ore miner produced 349 million tonnes of the steelmaking ingredient in 2016, helped partly by the opening of its massive S11D mine.

Vale resumes sale of remaining fertilizer assets in Brazil

A reworked sale process for plants located in the southeastern city of Cubatão was reportedly launched in recent days.

Iron ore soars past $92 a tonne, highest price in 2.5 years

Prices for the steelmaking commodity have more than doubled in value over the past year following near-decade lows of $38 a tonne in December 2015.

Locals ask Brazil to suspend Belo Sun’s gold mine licence

Opponents claim the miner intends to use cyanide, depositing toxic waste in a dam located just 1.5 km from the Xingu River, a tributary of the Amazon.

Copper takes some shine off Anglo American’s results

The miner reported broadly higher output in the fourth quarter across all divisions, except for copper, which suffered from lower grades and strikes.

The world's 10 largest copper mining projects

INTERACTIVE MAP: Together reserves at the global top 10 copper mining projects are worth more than $360 billion.

Yamana Gold resumes operations at mine in Chile after deal with unions

The strike has not had a significant impact on mine and consolidated production, the company said.

First shipment of iron ore from Vale’s new S11D mine en route to Asia

The company has loaded 26,500 tonnes of iron ore onto three ships at the company's port of Ponta de Madeira.

Strike at Yamana Gold mine in Chile enters ninth day, shares fall

Operations have been halted since Friday, when one of the two unions blocked all access to El Peñón as a way to press management.

BSGR boss house arrest ends with no charges over Guinea bribery claims

The Israeli billionaire, under house arrest since Dec. 19, has been at the centre of an international investigation into alleged bribery to win mining rights in Guinea.

Final phase of Minas Rio mine expansion a priority for Anglo — report

The company plans to invest a $308 million (R$1 billion) this year to allow the iron ore mine reach a 26.5 million tonnes a year capacity.

Vale not giving up on Rio Colorado potash project just yet

Instead, the company is moving forward with a new prefeasibility study for the Argentina-based asset.

Samarco restart a step closer

Vale agrees to pit use for tailings.

Vale to sell fertilizer business to Mosaic for $2.5 billion

Mosaic has agreed to acquire most of Vale's phosphate assets in Brazil, its stake in Peru's Bayovar mine and the firm’s Kronau potash project, in Canada.

BSGR boss Beny Steinmetz arrested in Israel over Guinea bribery case

The billionaire and other Israeli businessmen are suspected of paying tens of millions of dollars to senior state officials to secure a licence for Simandou, local police said.

Vale opens largest iron ore mine in its history

Commercial production starts in January, with a ramp-up to 90 million tonnes per annum by 2020

Brazil police steps up efforts to find mining royalty corruption ring members

Prominent local evangelical pastor among the latest public figures being interrogated.

BSGR to file multi-billion lawsuit against Rio over Simandou

BSGR will sue Rio Tinto in the English High Court to recover losses allegedly caused by Rio's actions, which run to several billions of dollars.