Brazil Mining News

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

Miners' waste problem will only get worse

It’s taken two tragedies in just over three years, but the mining industry is finally starting to clean up its act.

BHP urges miners to create global body to oversee tailings dams

CEO Andrew Mackenzie said it was too early to say what impact the recent Vale tailings dam disaster will have on efforts to restart BHP and Vale's jointly owned Samarco mine, shut since November 2015 after a dam collapse killed 19 people.

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.