According to a securities filing on Thursday night, three board members will be independent and nine will be appointed by controlling shareholders.
Iron Ore Mining News
Vale SA estimates selling up to 75 million tonnes less iron ore this year, after several mines were halted following its second deadly dam burst in less than four years.
Small miners are finding it increasingly difficult to raise capital to fund new ventures despite the positive demand outlook for several commodities.
The plan puts emphasis on emphasis on agritech, aerospace, defense, renewable energy and telecommunications.
Vale posted fourth-quarter profit of $3.786 billion, compared with $771 million a year earlier.
Currently there are no set of universal rules defining exactly what a tailings dam is, how to build one and how to care for it after it is decommissioned.
For all of 2018, Vale's output was 384.639 million tonnes, slightly below its previously divulged outlook of 390 million tonnes.
The decision was based on ensuring compensation for those who may have suffered losses from the cessation of operations at Vale’s South Upper dam.
Businesses affected included those in the iron ore export hubs of the Pilbara region, as well as Rio Tinto's bauxite operations in Weipa to the east.
The world’s biggest iron ore producer said the injunction will impact production at its massive Brucutu mine, as it will now take longer than expected to bring it back on line.
The suspension comes after Rio, BHP, and Fortescue on Thursday cleared their ships from ports ahead of Cyclone Veronica.
The dam is located in the municipality of Barão de Cocais, in the southeastern Brazilian state of Minas Gerais.
U.S. imports of steel wheels from China were valued at $388 million in 2017.
Authorities have declared a state of emergency in the region as Tropical Cyclone Trevor nears.
Vale has been targeted by several court verdicts related to mines that use dams similar to the one that burst in the town of Brumadinho in January.
The northwestern ports of Port Hedland, Dampier and Ashburton were beginning to clear anchorages and berths.
China's steel sector is currently locked in a struggle between largely bearish longer-term structural factors and short-term cyclical influences, some of which are bullish.
The preventive measure was taken after a stress test failed to guarantee stability of the mine’s structures. Vale noted it would restart production when new studies are completed and their results are conclusive.
A state prosecutor filed subpoenas with Vale last June to review safety documents regarding its dam, but Vale's lawyers later argued that they had received positive reviews by an auditor.
Cyclone Trevor is expected to rapidly strengthen as it moves into the Gulf of Carpentaria, and is forecast to skirt South32 Ltd.’s manganese mine and a Glencore-operated zinc project
Data scientists and geoscientists offered A$1m to predict next big mineral deposit in South Australia
The idea is to speed up the exploration lifecycle and allow miners to analyse information at a much faster rate than before.
The experts from Curtin University say the mechanism promises to be crucial for the country's mining and petroleum sectors.
A local court has cleared the way for Vale to resume operations at the Brucutu mine.
The most-traded iron ore contract for May delivery on the Dalian Commodity Exchange closed up 0.2% at $94.66 a tonne.
Aussie miners paid A$30.6 billion in company tax and royalties in 2017-18.