Brazil Mining News

Vale licenses to operate Laranjeiras dam, Jangada mine canceled

The cut in output forced Vale to declare force majeure in iron ore and pellets contracts on Tuesday.

Brazil's Vale to invest $400m to reduce need for tailings dams

Vale has come under intense public pressure since the Jan. 25 dam burst, with some politicians and prosecutors calling for criminal prosecution and a management shakeup.

Vale disaster makes miners' image problem worse: Russell

The problem for miners is convincing an increasingly sceptical public of how necessary their industry is.

Vale declares force majeure on some contracts after deadly dam burst

Iron ore prices have surged since the disaster, hitting a nearly two-year high on Monday.

Vale iron-ore mine halt risks 'incremental supply shock'

Vale SA said it’s temporarily halting some operations at its Brucutu mine, potentially causing a production loss of about 30 million metric tons of iron ore a year

Audit of burst Brazil dam found issues with drainage, monitoring – reports

The report by German-based TÜV SÜD made 17 recommendations aimed at improving the stability of the structure and was dated September 2018.

Lara grants Capstone option to buy copper project in Brazil

The Planalto project is located in the northern Carajás province.

Video shows exact moment when Vale’s dam collapsed

A video shows the exact moment when a dam at Vale’s Córrego do Feijão mining complex burst.

Vale forced to halt operations at Brucutu, largest mine in Minas Gerais

Brucutu, which has an annual capacity of 30 million tonnes of iron ore, is Brazil's second largest mine, behind Vale’s Carajás.

Brazil dam burst death toll rises to 115; 10 people added to list of missing

The rescue and recovery team said that 248 people were now listed as missing.

This iron ore rally is living on borrowed time

Those inclined to make a bullish bet on disaster may be in for a dose of karma. This rally is more likely to collapse than extend.

Japan's JFE says no impact on iron ore buying after Vale dam disaster

We need to closely watch Vale's overall output and how it will impact on iron ore markets going forward.

Brazil's mine disaster shows its shaky foundation

The disaster was also a cautionary tale about how government overreach and flawed corporate governance can contaminate policy.

Japan's Mitsui trims FY profit outlook, to keep stake in Vale

"Vale is an important strategic partner"

Vale says alarms didn’t go off on time in Brumadinho due to 'speed' of sludge

The argument is being harshly criticized by experts and locals, who believe the law-enforced audible could have saved lives.

Moody’s weighs in on Vale dam disaster

The financial penalties related to the dam collapse may prove even larger than those for Samarco.

Fortescue says Vale impact uncertain, sees demand for mid-grade iron ore

The loss of about 40 million tonnes of annual supply is expected to boost demand for Australian ore.

Brazilian prosecutors freeze over $219m of Vale’s assets

Funds expected to be used as compensation for the victims of last week’s tailing burst, which killed at least 99 people.

Glencore nears $500m deal to buy iron ore from Brazil's CSN – sources

CSN is aiming to reduce debts that piled up after an iron ore and steel price rout in 2015-2016 and a severe recession in Brazil, prompting investors to demand asset sales.

Vale postpones release of earnings report due to dam disaster

Vale said it plans to release its fourth quarter earnings report on March 27 rather than Feb. 13 as originally planned.

Iron ore prices are flying

Vale production cuts could have "outsized" impact in shorter term with spot prices predicted to return to $100-plus per tonne in summer.

UN calls for probe into Vale’s tailings as waste heads to Brazilian river system

Brazilian authorities and companies involved with river water management are trying to stop the torrent of mining waste from reaching the Sao Francisco river, a source of drinking water for communities in five of the country's 26 states.

Death toll from Brazil dam burst rises to 84, with 276 unaccounted for

48 people have been identified so far, as work continues in the area.

Vale to end use and dismantle all upstream dams after disaster — CEO

Chief Executive Fabio Schvartsman said Vale would halt operations using those dams and spend 5 billion reais ($1.3 billion) to decommission them.

Brazil mine disaster prompts Bolsonaro rethink on environment

Bolsonaro and his cabinet are swiftly dialing back promises of deregulation.