Brazil Mining News

Brazilian court suspends operations at two more Vale dams

Vale has faced growing pressure to prove that its remaining dams are safe.

Brazilian court freezes $260 million from Vale’s accounts

The world’s iron ore producer has faced continued backlash from Brazilian authorities since the deadly mining dam accident that killed around 300 people in January.

U.S., Brazil could collaborate on nuclear reactors — Brazil energy minister

Brazil is preparing legislation that would clear the way for both private and foreign investment in prospecting and mining for uranium in the country.

Prosecutors seek $13 billion from Vale for environmental restoration

Brazilian prosecutors requested that mining company Vale SA be ordered to guarantee the funds.

Brazil government kickstarts efforts to mine indigenous reserves: official

Brazil's government wants Congress to reconsider a decades-old proposal to allow mining in indigenous reserves, which occupy 13% of the country's territory.

Brazil's Vale removes executives after request by dam burst prosecutors

Vale did not identify the executives or say what relation they had with the operation in Brumadinho, where the Jan. 25 disaster occurred.

Amazon rainforest's riches up for grabs as Brazil to open indigenous reserves to mining

Brazil’s new right-wing government is going ahead with announced changes to current mining regulations, which include a controversial plan to open up indigenous reserves to mining.

Great Panther completes acquisition of Brazilian miner

The Vancouver-based company now owns the Tucano mine, considered the second largest gold producer in Brazil.

Tin's bright electric future poses supply problem

Research by the Massachusetts Institute of Technology (MIT) projected that tin could be the metal with the most to gain.

Brazil minister calls Vale 'important' even as prosecutors probe miner

The world's largest iron ore miner plays an important role in Brazil's economic development.

Vale fired inspection firm that failed to certify dam: prosecutors

The allegations were contained in a document given to Vale recommending the immediate “temporary removal” of top executives.

Investors spooked by Brazilian Vale's surprise CEO shake-up

"Being part of the old Brazil, the land of impunity, doesn't work anymore."

Vale's CEO, other execs, to step down after Brazil dam burst

The company described the move as 'temporary.'

Vale probe could lead to fine of 20% of revenue from 2018

Vale will be on the hook for about $7.2 billion should Brazil’s government fine the company 20% of annual revenue.

Brazil gold mine blast kills two — Canada's Leagold

The company has started an investigation.

Brazil judge orders Vale workers out of jail

The company and its workers are under investigation for criminal responsibility for "qualified homicides."

Moody's cuts Vale's credit rating to junk

“The outlook for all ratings is negative.”

Brazil’s deadly dam collapse pushes miners to set global rules for tailings

The International Council on Mining and Metals (ICMM), a London-based industry group representing 27 companies, is setting an independent panel of experts to develope a global standard for tailings facilities to be enforced to its members.

Brazilian iron ore supply disruptions to be expected – Report

Wood Mackenzie says close to 8 million tonnes of seaborne supply from Brazil is at risk in 2019.

Anglo American core profit beats, on journey to 'zero harm'

No degree of financial performance is worth a life.

Brazil mining authority halts two Vale complexes

The decision was made in light of a possible failure of five dams at both complexes, which are located in Minas Gerais, the same state where the Feijão mine dam collapsed last month.

Peru raids biggest illegal mining zone to stem Amazon gold rush

The government deployed agents from the police and armed forces to La Pampa in the Madre de Dios region to begin closing down mine operations.

China steel futures extend gains, iron ore ends flat

Iron ore continues to influence the ferrous complex, steel prices reflect the rising cost of iron ore and producers are passing it on to the consumers.

Dry bulk market prospects worsen after Brazil dam disaster-shipper Golden Ocean

The final effect on seaborne volumes is yet to be seen, but it is likely that an expected increase in exports from Brazil for 2019 will instead be a small contraction.

BHP can't rescue iron ore market after Brazil dam disaster

'We don’t see the case for any major investment in iron ore' - Mackenzie