Brazil Mining News

Vale eyed dam design changes in 2009 that may have prevented disaster

The International Coalition of Large Dams (ICOLD) group "is recommending that dams, especially large dams, be built by dam professionals.

Five Vale staff and contractors arrested after Brazil dam disaster

Two other engineers, who worked for Germany’s TUEV SUED on a contract where they attested to the safety of the Vale dam, were arrested in Sao Paulo.

Samarco unveils restructuring talks as Vale spill hits bonds

"Negotiations may or may not continue," the company said in statement.

Germany's TUEV SUED says two of its employees have been arrested in Brazil

On Saturday TUEV SUED told Reuters it had not found the dam to be damaged when it was inspected last September.

Vale's management team on thin ice as spill fallout snowballs

“Before pointing out fingers we need to see what happened first”

Vale stock plunges after Brazil disaster; $19B in market cap erased

"The fact is that Vale's share drop was even steeper than some market participants expected"

Chinese iron ore traders face uncertainty after Vale's Brazilian mine disaster

"We're worried that the mine accident might lead to higher premiums on low-aluminium iron ore"

Brazil securities regulator probes Vale’s filings on dam collapse

By Monday, local officials had confirmed at least 60 people dead and said they fear that among the hundreds who are still missing there will be very few survivors.

Investors ask how Vale failed to stop repeat of dam disaster 

“How can they let this happen again?” Melo said. “They wiped out our city.”

Vale analysts see charges, lawsuits, halts undermining stock

Vale plunged as much as 20 percent in Sao Paulo on Monday, the biggest intraday drop since October 2008.

Vale dam collapse: Panic after fresh alert at another mine in Brumadinho

An alarm warning of an imminent mining dam rupture was issued on Sunday morning near Brumadinho, the same Brazilian community where the collapse of Vale's dam on Friday killed at least 58 and left over 400 more feared dead.

Vale's tailings dam bursts after end-year rebound in iron ore prices

As early as next week, iron ore prices may start to reflect the impacts of Vale's dam bursting at Corrego de Feijao in Brumadinho.

Hundreds still missing following Vale's dam break in Brazil

Nine bodies had been recovered by Saturday morning.

Orinoco Gold and AngloGold Ashanti start working on JV in Brazil

The announcement was made after both companies confirmed the original terms of an earn-in agreement they signed back in 2017.

Anglo American rides out iron ore hitches in strong 2018

Copper production reached a five-year high, more than offsetting output declines at Minas Rio in Brazil and Kumba in South Africa.

Miners try to move away from fossil fuels — report

A research report by Wood Mackenzie states that electrification and automation will be a key priority for global mining companies.

Runaway train wreck, copper outages cost BHP $600 million

Three incidents occurred during the second half of 2018 hit BHP's production volumes by 4 million tonnes of iron ore and 70,000 tonnes of copper.

Brazilian general with mining ties to solve industry-indigenous disputes

General Franklimberg Ribeiro de Freitas’s return to the country’s Indigenous Rights Agency (Funai) is seen by many as positive, as the agency has lost funding and authority on land issues.

Brazil general with mining link takes over indigenous agency

Environmentalists say the tribes are the last guardians of the rainforest and opening their lands to commercial activity will speed deforestation of the Amazon.

Mining the Americas in 2019 — a forecast

Canada's cobalt sector and Ecuador's budding mining sector for copper and gold will be investment hot spots.

Brazil miner Vale gets approval to buy 3 wind farms in northeast

The move has comes as Vale aims to generate all of its energy needs from renewable sources.

Norsk Hydro CEO eyes Brazil plant restart in "weeks or months"

The plant is operating at half capacity after early last year admitting it had made unlicensed emissions of untreated water.

Equinox’s gold mine in Brazil days away from commercial production

The Canadian junior expects to mine 230,000 to 265,000 gold ounces this year from both Aurizona mine in Brazil and its recently acquired Mesquite gold operation in California.

Anglo American management shake-up sees Brazil-based CEO replaced

Ruben Fernandes, who has led the company’s iron ore and nickel interests in the South American country for almost three years, will become CEO of Base Metals effective March 1.

Board of Brazil's Vale gives CEO Schvartsman another term

Schvartsman, appointed CEO in March 2017 to replace Murilo Ferreira, had been set to end his term in May.