"Our main difficulty is finding workers," said Gustavo Werneck, the chief executive officer, referring to its U.S. plants.
Brazil Mining News
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.
Emirates Steel requires inputs of around 6 million tonnes of iron ore pellets per year.
What will define Chinese demand for iron ore is continued urbanization, infrastructure investments, auto production.
The Maracás Menchen mine has a take-or-pay off-take agreement with Glencore for 100% of its vanadium material.
Horizonte plans to raise $443 million to begin construction on the mine in the middle of 2019, production slated for late 2021.
Santa Luz is a fully constructed open pit mine, which originally started production mid-2013 but was placed on care and maintenance in 2014.
Brazil's Vale, the world's largest iron ore producer, is seeking out small high-return acquisitions that are related to the miner's current assets.
Bolsonaro has portrayed China, its largest trading partner, as a predator looking to dominate key sectors of its economy.
Jair Bolsonaro is on the cusp of winning Brazil’s presidency, leading the latest polls by double digits, and the mining community is salivating.
Brazil's Vale SA , the world's largest iron ore producer, on Wednesday posted $1.408 billion in third-quarter net income, below the 2.23 billion a year-ago.
The mining community is salivating.
While prices remain stagnant and demand uncertain, the company is churning out more stones than at any other time in the past decade.
Figure is fivefold increase from August, up 3,400% y/y
Previ intends to reduce its stake in the miner over the medium-term.
The logic is sound: If steel mills are given pollution restrictions, they will use the best possible quality iron ore to maximise the amount of steel produced relative to the energy consumed.
Brazil's Vale expects the EV revolution to boost battery market nickel demand to as much as 700,000 tons in 2025, from just 36,000 tons this year.
The company's chief executive in Brazil talked about “very promising” drilling results at property located on the edge of the Amazon rainforest.