Brazil Mining News

NGOs push to expel Brazil miner Vale from UN pact over dam disaster

"The Brumadinho disaster shows that favoring profit over safety has been Vale's standard operating procedure."

Nickel rally fades, electric vehicle buzz doesn't

Was it another false dawn for the nickel market?

Brazil miner Vale knew deadly dam had heightened risk of collapse

We used to say these kinds of mining incidents were acts of God, but now ... we consider them failures in engineering.

Half of the world’s biggest miners do not keep track of their tailings risk management measures -report

The Responsible Mining Foundation says many of the world’s largest mining companies are not able to ‘know and show’ how effectively they are addressing the risks of tailings dam failure and seepage.

Goldman and its biggest critic agree on iron ore, finally…

In the near term, the significant disruption to Brazilian supply will likely keep iron ore prices elevated and volatile.

Iron ore powers to highest since 2014 as Vale crisis intensifies

This week’s drama has played out as the most important iron ore user has been offline, with Chinese markets closed for Lunar New Year.

Hundreds evacuated in Brazil on fears over mining dams safety

About 700 people were evacuated from two towns located near tailings dams operated by Vale and ArcelorMittal on mounting fears after last month's breach at Brumadinho, the country's deadliest mine disaster.

ArcelorMittal sees small steel demand rise, shares slip on margin concerns

ArcelorMittal is investing in projects in Mexico and Brazil, and has bought Votorantim in Brazil and Italy's Ilva, Europe's largest capacity steel plant.

Norsk Hydro's Q4 hit by restricted Brazil output, shares hit 2-year low

"A prolonged embargo will have negative impact on earnings, cash flow and sentiment."

Brazil set to ban upstream tailings dams after collapse kills hundreds

The National Mining Agency aims to issue an ordinance on Friday requiring that upstream tailings dams be taken down or converted into other types of dams.

Iron ore prices reach almost two-year high

Analysts believe the price surge lines up with the market halting up to 40 million metric tonnes of Vale’s iron ore production.

Vale knew about sensor problems at dam before burst – Globo TV

Vale SA was made aware of problems with sensors designed to monitor the structure of a dam that ended up bursting, 2 days before the disaster.

Samarco said to reboot creditor talks after Vale Dam disaster

Creditors rejected Samarco’s offer to treat the injections as senior or pari-passu debt.

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.