Budget for 2014 is 9.2% lower than last year’s and well below the $18 billion total from 2011.
It will pay $2.6bn by the end of the month, and an additional $7bn over the next 15 years.
Miner has until the end of the week to accept or reject the terms of a government’s tax amnesty proposal.
Boosted by higher iron ore prices, profits for the world's second-largest mining company jumped by 114%.
The Brazilian miner is considering more non-core asset sales by the end of the year… and it is also working on a secret, "surprising" deal.
Vale's profit fell 84% in the second quarter, mainly due to depreciation in the local currency and lower iron ore sales, the miner's key commodity.
Carajas, fully owned by Vale, is the world's largest iron ore mine and holds 7.2 billion metric tons of iron ore in proven and probable reserves.
Rios' security concerns follow threats from the former guerrilla group Renamo. Vale continues shipments as usual.
It will pay two and a half months salary to about 4,000 workers.
The country's share in the global iron ore market has dropped 7.5% decrease since 2000, close to mid-1970s levels.
The potential takeover comes only four years after Vale bought the project from Rio Tinto.
Mozambique’s coal industry has faced a number of challenges in recent months.
The miner must "abstain from … dismantling installations (and) removing tools, machinery and other work implements" or face heavy fines otherwise.
The country's commodities forecasting agency expects average price to fall to $90 a tonne over the next five years.
Rio and Xstrata are not the only miners rethinking their coal business in Australia. Vale and BHP are reportedly on the same page.
The steelmaking commodity hit a 2½-month low Monday as Chinese steelmakers resist restocking frightened by weakening economic data.
It became the latest large miner to write down assets in the face of falling commodity prices.
Vale's local subsidiary signed a deal with Canadian junior miner Corex Gold to explore for gold and copper in Mexico.
Foreign and local investors spent a total of $3.8 billion in 2012 and the trend is expected to continue this year, with planned investments already amounting to more than $4 billion.
The world’s third-largest miner is set to post the lowest annual profit in three years.
Even with significant ore bodies coming on stream from 2015 onwards in Brazil (Anglo’s Minas Rio and Vale’s Serra Sul), Australia will be able to keep its crown in this commodity kingdom thanks to Rio, say analysts.
With the executive's resignation, the global steel director's position will no longer exist.
Murilo Ferreira, CEO of Brazil’s mining giant VALE (NYSE: VALE) said he expect less volatility in terms of iron prices for 2013
Vale, Rio Tinto and BHP Billiton reach an almost one-year high.
The company is requesting the Canadian city of Sudbury to allow the housing of hundreds of temporary construction workers at its mine, mill and smelter sites in the community.
Brazilian giant miner Vale (NYSE: VALE) is about to close a $500 million loan agreement with the Inter-American Development Bank (IADB) for its Rio Colorado potash project in Mendoza, Argentina.
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