The massive iron ore mine was expected to produce 16 million tonnes this year, but that will now generate just 3 million tonnes of the steelmaking material.
Brazil Mining News
Largo expects to table a maiden resource at NAN in early 2019 after receiving all the assays from its latest program.
Americas Market Intelligence says companies need to do their due diligence.
Vale has focused on sales of better quality iron ore, mostly from its S11D project in Pará state, as demand for the cleaner and less polluting product rises in China, its main market.
The company received approval for a three-year extension of its mining concessions for the Posse gold deposit.
TechMet has been operational for over a year and has assets, deployed in mining, processing and recycling projects around the world, including Canada, Brazil, Rwanda and Burundi.
The diversified miner anticipates 2018 production to be 2% ahead of previous guidance and costs to be 5% below.
Vale needs to sort out once and for all its problem child, Goro, and keep its fingers crossed that Tsingshan's announcement is, for now at least, "just talk".
The agency is creating a system to carry out the auction electronically,
Global capacity utilisation in the steel sector has risen to 76% this year from 73% last year, indicating excess capacity in the sector is shrinking.
The Vancouver-based miner submitted an application to expand to 300,000 hectares its land position at the Firminho project.
Changes to Brazil’s 50-year-old mining regulations also came in effect Wednesday and include measures that make the country’s industry more competitive and sustainable.
New Caledonia could be a very important part of our strategy to supply nickel, especially given the EV revolution.
It’ll be an important week for iron ore, which has been badly beaten up in November.
Albuquerque, 60, will tackle offshore oil licensing rounds and planned energy privatizations.
Global iron ore production will grow due to mine expansions in Brazil and increasing output from India.
"Our main difficulty is finding workers," said Gustavo Werneck, the chief executive officer, referring to its U.S. plants.
The company's Onça Puma nickel mines blamed for contaminating the Catete river, which prosecutors said had a "severe" impact on the Xikrin and Kayapo tribes.
While the project known as S11D isn’t scheduled to hit its 90-million-ton capacity until 2020, China’s appetite for the mine’s low-cost, high-grade ore continues to grow.
Cavalcanti joins Samarco as it attempts to renegotiate billions of dollars in debt with creditors and restart operations after a tailing dam burst in 2015, killing 19 people.
A congressional commission assembled to look into the incident blamed both the company and regulators, and called for civil and criminal investigations to continue.
The unregulated operations were installed in Jamanxim and Río Novo National Parks.
Meanwhile, Nexa Resources, a unit of Votorantim, has just approved a $392 million capital expenditure in a zinc mining project in the Brazilian state of Mato Grosso.
The state-owned metals and mineral trading firm also signed a 2,400 tonne nickel briquette purchase agreement with Japan's Sumitomo Corp.
They are focusing on the Planalto project, located near Vale's Sossego copper mine and Oz Minerals Antas copper mine.