Brazil Mining News

Mick Davis to overhaul X2 Resources as fund fails to close any mining deal

Recovering commodity prices and investors' veto on deals have frustrated Davis and his team in their search for mining and metals bargains.

BHP unlikely to reopen Samarco this year amid Brazil’s criminal probe

The firm said about 40% of its Brazilian workforce would take voluntary redundancy to reflect reduced production.

Latin America the world’s most dangerous place for environmental activists

More environmentalists were murdered in Latin America in 2015 than anywhere else in the world, with anti-mining causes claiming the most lives, a report by Global Witness shows.

Morgan Stanley: Iron ore will drop to $35 by fall

Iron ore advanced to a 5-week high of $53.40 on Tuesday, but analysts see steep decline in the final quarter of 2016.

BHP hikes exploration spending, to focus mostly on copper, oil

It will raise its annual exploration spending by 29%, allocating nearly all its $900 million budget to finding new copper and oil deposits in the fiscal year beginning next month.

BHP just forecast ‘another 10 years’ of iron ore glut

Chief executive Andrew Mackenzie believes the iron ore market will take longer to balance out than other commodities due to an excess of supply coming on stream in the next few years.

Samarco said to be in restructure talks

30 million tonnes per year iron ore mine owned by BHP and Vale idle since November.

Mosaic in talks to acquire Vale fertilizer unit in $3bn deal — report

A cash-and-stock deal is said to be the favourite option at this point, though the parties are also discussing other alternatives.

Samarco iron ore won't restart this year

Vale-BHP joint venture was shut after deadly dam spill in November – Samarco produced a fifth of global seaborne iron ore pellets supply before the disaster.

$5.8 billion lawsuit over BHP-Vale disaster dismissed

Companies still face another much bigger civil action over November's deadly tailings dam burst at its Samarco iron ore mine in Brazil.

Police investigation finds BHP-Vale Brazilian venture at fault for dam collapse

Eight executives will also face charges, although the police did not disclose their names.

China on track to import 1 billion tonnes of iron ore this year

Chinese import volumes jumped 22% in May compared to last year giving support to iron ore price back above $50 a tonne.

Iron ore price rout accelerates

CHARTS: Down 26% in a month the forward curve now points to the low $30s.

Brazil’s mining sector to recover lost ground as iron ore, metal prices stabilize

Higher gold prices will push miners to restart or speed up development of projects, leading a fresh wave of mergers and acquisitions in the country, according to BMI Research.

Vale said to have altered crucial data from dam disaster

Federal investigators claim Vale modified official documents detailing the chemical composition and concentration of the mineral waste spilled.

Think beyond oil and gold: Interview with Mike 'Mish' Shedlock

There are other plays. Think electric vehicles and even driverless cars. Find what's undervalued now and get in on some of the games that will dictate glorious future wealth.

Iron ore price falls 5% – China scrap adds to oversupply fears

China's steel association warns accumulated steel output will exceed 10 billion tonnes in 2016 as scrap prices drop below pig iron costs inside the country.

Vale readies for iron ore price war

For competitors S11D is a four-letter word.

Australia's Crusader in financing talks to build new gold mine in Brazil

The Juruena mine, in central Brazil, is estimated to hold an initial resource of 178,800 ounces of gold.

Rio Tinto forges ahead with Simandou, the world's largest mining project

The massive Simandou project, in Guinea, is considered the world's biggest untapped iron ore deposit.

Norsk Hydro: Hydro and Vale end negotiations for 40 % interest in MRN

Hydro and Brazilian mining company Vale has ended negotiations on the possible acquisition of Vale's 40 % interest in Brazilian bauxite producer Mineracao Rio do Norte (MRN).

BHP, Vale disaster turned into mining's Deepwater Horizon

Shares in mining giants tumble after civil suit in Brazil claims $43 billion in damages based on clean-up costs associated with BP's oil spill in the Gulf.

Vale back in the black on higher iron ore prices, currency

Vale’s results for the first three months of 2016 makes it the best-performing major iron-ore miner so far this year.

Anglo American to sell Brazilian units to China Molybdenum for $1.5 billion

The niobium and phosphates division, which consists of mines, plants, processing facilities, chemical complexes and deposits, was one of Anglo’s more profitable businesses.

Vale gives its potash project in Argentina a second chance

The miner has scaled down the project and it now aim to produce 1.3 million tons of potash a year, down from the 4 million tons originally planned.