Project offers Davis an opportunity to relaunch his mining career that started in his native South Africa.
Iron Ore Mining News
Wood Mackenzie says close to 8 million tonnes of seaborne supply from Brazil is at risk in 2019.
Researchers say fauna tends to be under-recognized in assessments of restoration success.
China's steel mills appeared reluctant to restock despite the supply outage from Brazil.
The decision was made in light of a possible failure of five dams at both complexes, which are located in Minas Gerais, the same state where the Feijão mine dam collapsed last month.
The companies envision an investment from Glencore that will help fund construction in exchange for offtake of production of four million tonnes of iron ore a year.
BHP, Anglo American touch one-year highs.
The tax demand from the British authorities is linked to transfer pricing
According to Fitch Solutions, off-grid mines could benefit from reducing their dependency on diesel while taking advantage of the region's favourable climate conditions.
The company declared an interim dividend of A$0.19 per share and a special dividend of A$0.11 per share.
Iron ore continues to influence the ferrous complex, steel prices reflect the rising cost of iron ore and producers are passing it on to the consumers.
The final effect on seaborne volumes is yet to be seen, but it is likely that an expected increase in exports from Brazil for 2019 will instead be a small contraction.
Aluminium associations the world over are calling for a refocus on China's massive production and export capacity.
"While challenges are part of the uncertain environment that we operate in... we have the right strategy and teams in place to create sustainable shareholder value."
'We don’t see the case for any major investment in iron ore' - Mackenzie
CEO Andrew Mackenzie said it was too early to say what impact the recent Vale tailings dam disaster will have on efforts to restart BHP and Vale's jointly owned Samarco mine, shut since November 2015 after a dam collapse killed 19 people.
All so-called upstream dams need to be decommissioned or removed by August, 2021, according to a resolution the National Mining Agency published on Monday.
The utility gives the industry notice to reduce their power consumption by 15–20% when the national grid is at its tightest.
Big mining has remained stubbornly focused on shareholder returns, rather than spending on acquisitions and big-ticket projects.
The tailings dam at the iron ore mine is inactive so the miner said the evacuation is precautionary.
The company is working with several wearable technology providers so companies can monitor biometric and environmental data to identify whether employees are experiencing dangers or risk, beyond a equipment failure.
The majority of material from the Malaysian distribution center is Brazilian Blend fines destined for China.
The disaster has called into question the willingness of investors and lenders to continue funding the broader industry.
The investigation could lead to provisional duties being applied within nine months and definitive duties, typically in place for five years, in 15 months.
“If China’s mines could produce more they would already be doing so."