Operating cash flow reached $790 million in 2018, and cash and equivalents of $349 million, $1.9 billion in liquidity, and no debt maturities until 2021.
Latin America Mining News
The disaster has called into question the willingness of investors and lenders to continue funding the broader industry.
The company said the fire should have a reduced impact on shipments as 10 days of preventive maintenance was already programmed at the terminal.
Brazil's Usinas Siderurgicas de Minas Gerais posted $223.21 million in profit in 2018.
Historical measured and indicated resource at the property are of 2.57 million tonnes at a grade of 117 g/t Ag for a silver resource of 9.63 million ounces.
Four people from the German consulting group Tüv Süd, company that certified the safety of Vale’s dams, were also detained.
The company intersected high grade silver and gold mineralization along a 1.5 km strike length at Babi Sur.
Poised to supply a global market that’s tipping into deficit gives First Quantum Minerals Ltd. a chance to prove its $10 billion investment was worth all the trouble.
Seven weeks into the job, Barrick Gold Corp.’s new boss has already discovered, first hand, the challenges of developing and mining giant deposits in Latin America.
South32 produces nickel from ferronickel in an open pit mine near the municipality of Montelibano, in the western department of Cordoba.
Iron ore supply is expected to tighten after the Vale accident, but actual effects in the Chinese market will not occur until late March.
Our current prediction is for 19 very serious failures between 2018 and 2027.
Yauricocha's reserves are, in the proven category, 1.8 million tonnes and a little over 7 million tonnes in the probable category.
SilverCrest is “an attractive takeout candidate for a mid-tier gold and/or silver producer.”
The authorities had closed the port terminal operated by the miner and fined it 35 million reais ($9.43 million) for throwing mining residues in the sea.
The $696m move comes about a month after London-listed oil and gas major BP discovered further oil prospects in the Gulf of Mexico.
The company said it failed to reach an agreement with a client in a dispute over a mining project in Latin America, prompting it to slash its profit forecast by more than 40% for the year.
State-development bank BNDES intends to sell shares in the miner, but has yet to find a good moment to do so.
Peru's environmental regulator OEFA has concluded that mining waste from the company's Cuajone mine did not spill into a river during heavy rains last week.
The Andean nation is the world's fifth-largest exporter of coal.
"I think this is just a natural volatility after such a big supply shock"
The company said that any potential restart would be dependent on market conditions.
The company pinned the cost increases partly on mining ending at its low-cost Cortez Hills open pit in Nevada in the first half of the year.
Canada’s largest diversified miner saw its quarterly profit drop 41.5 % from the year earlier, amid lower prices for copper, zinc and oil.
"The Brumadinho disaster shows that favoring profit over safety has been Vale's standard operating procedure."