Vale said it plans to release its fourth quarter earnings report on March 27 rather than Feb. 13 as originally planned.
Latin America Mining News
The layoffs were necessary to combat rising costs at the mine, Anglo American said in a statement.
SNC-Lavalin Group Inc. won’t reveal the location of a “serious problem” in its mining business that fueled an epic share rout on Monday.
Vale production cuts could have "outsized" impact in shorter term with spot prices predicted to return to $100-plus per tonne in summer.
Brazilian authorities and companies involved with river water management are trying to stop the torrent of mining waste from reaching the Sao Francisco river, a source of drinking water for communities in five of the country's 26 states.
I’m going to start bringing Russian and Turkish airplanes every week so everybody gets scared.
The country’s once vibrant exploration activity plummeted after Chavez came to power in 1999 and nationalized foreign companies’ mining licenses and assets.
The miner alleges breach of fiduciary obligations, abuse of trust, theft, and fraud.
48 people have been identified so far, as work continues in the area.
Chief Executive Fabio Schvartsman said Vale would halt operations using those dams and spend 5 billion reais ($1.3 billion) to decommission them.
The company was not carrying out mining exploration at the site.
The project has a $241 million after-tax net present value.
Inferred resources add 400,400 tonnes averaging 434 grams silver, 1.34 grams gold, 2.86% lead and 2.97% zinc.
Bolsonaro and his cabinet are swiftly dialing back promises of deregulation.
The International Coalition of Large Dams (ICOLD) group "is recommending that dams, especially large dams, be built by dam professionals.
Two other engineers, who worked for Germany’s TUEV SUED on a contract where they attested to the safety of the Vale dam, were arrested in Sao Paulo.
Aura states that an 865,000 tonne inferred ore zone grading 119 g/t silver and a 3.3 million tonne inferred ore zone averaging 0.51 g/t gold has been outlined by 14 drill holes at the project.
“Before pointing out fingers we need to see what happened first”
"The fact is that Vale's share drop was even steeper than some market participants expected"
A December 2017 feasibility study estimated the open-pit project would produce about 116,000 ounces of gold over a 17-year mine life.
"This partnership secures lithium supplies for us and breaks the Chinese monopoly" - Wolfgang Tiefensee economy minister of the German state of Thuringia, an automotive manufacturing hub.
By Monday, local officials had confirmed at least 60 people dead and said they fear that among the hundreds who are still missing there will be very few survivors.
“How can they let this happen again?” Melo said. “They wiped out our city.”
Vale plunged as much as 20 percent in Sao Paulo on Monday, the biggest intraday drop since October 2008.
The mineral resource update totalled 9.85 million tonnes at 3.6 grams per tonne of gold for 1.14 million of indicate ounces, a surge of 57,000 ounces from the previous update.