Vale SA

Vale to ditch 20% of its nickel assets in Indonesia

Cecilia Jamasmie | October 17, 2014
Vale to ditch 20% of its nickel assets in Indonesia

The agreement signed with Indonesia’s outgoing government also means higher royalties to be paid by the firm.

First Quantum warns Zambia tax hike will cost jobs, investment drop

Cecilia Jamasmie | October 14, 2014
First Quantum warns Zambia tax hike will cost jobs, investment drop

The miner, Zambia's largest foreign investor, operates Kansanshi mine, the eighth largest copper mine in the world, as well as the country's biggest.

Zambia launches major overhaul of mining tax, increases royalties

Cecilia Jamasmie | October 10, 2014
Zambia launches major overhaul of mining tax, increases royalties

Underground mining royalties will go up from 6% to 8%; underground taxes now 20%.

Zambia tells Glencore mine closure, lay-offs ‘illegal’

Cecilia Jamasmie | October 6, 2014
Zambia tells Glencore mine closure, lay-offs ‘illegal’

Zambia’s mines minister says the company has not officially communicated the government its intentions as required under the country's law.

Glencore now idles zinc mine in Zambia over tax refund row

Cecilia Jamasmie | October 3, 2014
Glencore now idles zinc mine in Zambia over tax refund row

The company is cutting 169 jobs at the mine.

Cecilia Jamasmie

Gold prices hurting miners? Throw Ebola into the mix

Cecilia Jamasmie | October 3, 2014
Gold prices hurting miners? Throw Ebola into the mix

Deutsche Bank warned Friday that gold producers are the most vulnerable to a further spread of the deadly disease.

Glencore halts copper projects in Zambia over tax row

Cecilia Jamasmie | October 1, 2014
Glencore halts copper projects in Zambia over tax row

The standoff marks a major setback for the miner, which is in the process of upgrading its copper assets in Zambia hoping to increase output by at least 50% by 2017.

Zambian chamber urges gov't to speed up tax refunds for miners

Cecilia Jamasmie | September 25, 2014
Zambian chamber urges gov't to speed up tax refunds for miners

The business group argues the sector must be nurtured to generate the revenues needed for the country’s economic diversification.

China’s iron ore imports to fall in September — report

Cecilia Jamasmie | September 24, 2014
China’s iron ore imports to fall in September — report

Shanghai Metals Market warns slim profits and continuous declines in steel prices have dampened Chinese mills’ appetite for iron ore.

Zambia removes tax rules on copper exports, makes refunds easier

Cecilia Jamasmie | September 3, 2014
Zambia removes tax rules on copper exports, makes refunds easier

Rule requiring exporters to produce import certificates from destination countries in order to claim tax refunds will be waived beginning Sept. 8.

Cecilia Jamasmie

China’s antitrust crackdown threatens BHP demerger

Cecilia Jamasmie | September 2, 2014
China’s antitrust crackdown threatens BHP demerger

Following a meeting with BHP’s China boss, Beijing issued a statement saying it believed that “BHP and other iron ore suppliers should avoid abusing dominant market positions."

Cecilia Jamasmie

Largest iron ore miners smashing Chinese competitors

Cecilia Jamasmie | August 27, 2014
Largest iron ore miners smashing Chinese competitors

There’s a death match among iron ore producers, with the big Australian miners and Brazil's Vale increasing pressure on their high-cost Chinese rivals.

Zambia to ease tax rules on copper exports

Cecilia Jamasmie | August 26, 2014
Zambia to ease tax rules on copper exports

Good news for the country's copper miners that have been seeking more than $600 million in unpaid tax refunds.

Vale secures key licence for flagship iron ore mine expansion

Cecilia Jamasmie | August 21, 2014
Vale secures key licence for flagship iron ore mine expansion

The project is considered vital for Vale as the miner has been losing market share to Rio Tinto and BHP Biliton.

Guinea on national emergency over Ebola, mining operations threatened

Cecilia Jamasmie | August 14, 2014
Guinea on national emergency over Ebola, mining operations threatened

Tighter border controls are set to disrupt the flow of essential supplies and even workers trying to get to work at the African country's mining operations, companies say.

West Africa Ebola outbreak forces miners to lock down operations, delay projects

Cecilia Jamasmie | August 10, 2014
West Africa Ebola outbreak forces miners to lock down operations, delay projects

After the WHO declared the current outbreak an “international public health emergency.”

Vale Q2 profit down on weak prices from iron glut

Jeffrey Richmond | July 31, 2014
vale profit down in q2 on iron oversupply, weak prices feat

Write-downs also hurt bottom line, yet production robust.

Australia losing 75,000 mining jobs in next two years

Cecilia Jamasmie | July 2, 2014
Australia losing up to 75,000 mining jobs in next two years

Cuts will occur because the sector is switching from the job-heavy construction stage to the operational phase, which requires fewer workers.

Australia’s mining jobs running dry as sector growth slow

Cecilia Jamasmie | June 19, 2014
Double-digit unemployment for Australia's minerals professionals

The country's mining industry has lost 6,600 workers in the three months to May.

Vale and Amazon Indians begin talks after threats of setting mine on fire

Cecilia Jamasmie | June 15, 2014
Vale and Amazon Indians begin talks after threats of setting mine on fire

Vale said the tribe wants to modify an agreement to mitigate the mine's impact on its community's development.

Marubeni eyes Vale’s halted Rio Colorado potash project in Argentina

Cecilia Jamasmie | June 2, 2014
Marubeni eyes Vale’s halted Rio Colorado potash project in Argentina

The Japanese firm is said to be looking to either acquire the project, or restart it as partner of Vale.

Vale gets green light to restart nickel mine in New Caledonia

Cecilia Jamasmie | May 30, 2014
Vale gets green light to restart nickel mine in New Caledonia

After over three weeks of being suspended over a chemical spill into a local river into a local river that killed about 1,000 fish.

Major new coal projects unlikely to be profitable: Goldman Sachs

Cecilia Jamasmie | May 29, 2014
Major new coal projects unlikely to be lucrative: Goldman Sachs

The bank analysts say the window for profitable investment in new thermal coal mining and infrastructure capacity “has closed.”

Vale’s New Caledonia nickel plant under siege, up to $30m in damage

Cecilia Jamasmie | May 27, 2014
Vale’s New Caledonia nickel plant under siege, up to $30m in damage

Angry rioters attacked the nickel facility, which has been closed since early May after an estimated 100,000 litres of acid-tainted effluent polluted a nearby creek.

Vale fires 500 coal miners in Australia, shuts down operations

Cecilia Jamasmie | May 16, 2014
Vale fires 500 coal miners in Australia, shuts down operations

Vale says mines are not economically feasible under current market conditions.

Nickel at two-year high after Vale suspends Goro plant

Julienne Bay | May 8, 2014
Nickel at two-year high after Vale suspends Goro plant

Vale claims water quality at the creek is back to normal.

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