Vale SA Mining News

NGOs push to expel Brazil miner Vale from UN pact over dam disaster

"The Brumadinho disaster shows that favoring profit over safety has been Vale's standard operating procedure."

Vale iron-ore mine halt risks 'incremental supply shock'

Vale SA said it’s temporarily halting some operations at its Brucutu mine, potentially causing a production loss of about 30 million metric tons of iron ore a year

Audit of burst Brazil dam found issues with drainage, monitoring – reports

The report by German-based TÜV SÜD made 17 recommendations aimed at improving the stability of the structure and was dated September 2018.

Vale stock plunges after Brazil disaster; $19B in market cap erased

"The fact is that Vale's share drop was even steeper than some market participants expected"

Chinese iron ore traders face uncertainty after Vale's Brazilian mine disaster

"We're worried that the mine accident might lead to higher premiums on low-aluminium iron ore"

Vale analysts see charges, lawsuits, halts undermining stock

Vale plunged as much as 20 percent in Sao Paulo on Monday, the biggest intraday drop since October 2008.

Miners are budgeting for a recovery in copper

Don’t listen to what miners say. Look at what they do.

Vale buys innovator New Steel for $500m

Vale has focused on sales of better quality iron ore, mostly from its S11D project in Pará state, as demand for the cleaner and less polluting product rises in China, its main market.

Rising iron ore prices seem to defy economics

China’s switch from industrial-led to consumption-led growth seems to be showing up everywhere except the production numbers of iron-ore miners.

Vale rules out major acquisitions

CEO Fabio Schvartsman said the company would only invest further in nickel if global prices for the metal rise from $13,000 per tonne currently to around $20,000 per tonne.

Rio Tinto Says Q3 production falls on planned maintenance and safety pauses

Iron shipments fell about 5 percent, hurt by planned maintenance and safety pauses across all operations following a fatality.

Brazil's Vale third-quarter iron ore output hits all-time high

Iron ore production at the S11D and Carajás projects grew nearly 20 percent to record 53.9 million tonnes, accounting for most of the increase.

Brazil's Vale shareholders near deal to pay Eletron $692m

Two major shareholders of Brazilian mining company Vale SA are likely to reach an agreement on Wednesday to pay 2.82 billion reais ($692 million) to Eletron to settle a dispute over Vale shares.

BHP seeks approval for $50m US pact over fatal Brazil dam burst

It would resolve shareholder claims stemming from the Nov. 5, 2015 bursting of the Fundão dam in Minas Gerais run by Samarco.

Samarco eyes restart in 2019, when Brazil license analysis concludes

Samarco expects to obtain next year all licenses needed to resume operations suspended after the 2015 environmental disaster.

Brazil mining exports to rise 2.5 pct in 2018 -Ibram

By value, mineral exports are expected to increase to $30 billion from $28.37 billion last year.

Vale’s iron ore output hit fresh record high despite trucker strike

Iron ore output hit 96.755-million tonnes in the three months to June 30, while pellet output reached 12.838-million tonnes, despite a nationwide truck drivers strike that paralyzed the country in May.

Japan's Mitsui may raise its stake in Vale — executive

The sale of Vale stakes has been a subject of market speculation since the world's largest iron ore miner moved to a single class of stock in October. Mitsui currently holds a 5.51 percent stake in Vale.

Iron ore slides to seven-month low as trade war fears mount

Iron ore’s starting to buckle after a series of warnings that prices are set to drop amid rising global supply, and as investors fret about the potential impact of escalating trade tensions between the U.S. and China.

Terratec and Vale win award for exemplary biosolids management

Mine closure is one of the biggest prices the environment pays in the mining enterprise, so coming up with a canopy system to restore the mining-impacted land to its natural condition is of invaluable importance, making Terratec’s innovation a considerable contribution to the field.

Brazilian President changes decades-old mining laws to lure investment, protect environment

The two separate decrees aim at making the local industry more competitive and sustainable, while while implementing rules on the collection of higher mining royalties.

Vale moves ahead with long-awaited expansion of Voisey's Bay mine

Transiting Voisey's Bay nickel mine from open-pit operations to underground will cost about $2 billion, and is expected to extend its productive life to 2035.

Vale confirms coming ‘announcement’ about Canada’s Voisey's Bay mine

Government and company officials told CBC News that a "significant" mining announcement would take place on Monday.

Brazil’s President to change mining regulations as early as next week

Michel Temer is expected to issue a decree next week introducing key changes to mining rules that date back to the 1960s.

ICSID rejects BSGR’s motion in battle over Simandou iron ore project in Guinea

The information was made public by The Wall Street Journal, whose journalists had access to a procedural order.