Vale SA

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.

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.

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
Australia’s mining jobs running dry as sector growth slow

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.

Brazil’s iron miners risk losing market share to Australian competitors

Cecilia Jamasmie | April 16, 2014
Brazil’s iron miners risk losing market share to Australian competitors

Brazil's mining sector is expected to see slower average growth rates through 2018 compared with previous years, a report by Business Monitor shows.

Brazil’s Vale gets $2.8bn for iron ore expansions

Cecilia Jamasmie | April 15, 2014
Brazil’s Vale gets $2.8bn for iron ore expansions

Loan will help the miner improve its railway network and build a new mining and processing unit in Para state

Ebola outbreak in Guinea forces miners to lock down operations

Cecilia Jamasmie | April 3, 2014
Ebola outbreak in Guinea forces miners to lock down operations

Brazilian iron ore giant Vale has removed its six international employees and put its local workers on leave.

Dispute over Australia iron ore heats up

Cecilia Jamasmie | February 6, 2014
Dispute over Australia iron ore heats up

Mining tycoon Clive Palmer said China-owned conglomerate CITIC Pacific has "raped and disrespected" Australians.

BSGR wins battle in corruption probe over Simandou

Cecilia Jamasmie | January 21, 2014
BSG wins battle in corruption probe over Simandou

Article published last year by a French newspaper, which said the magnate and his company had been part of a coup effort against Guinea’s current President, was based on fake documents.

Vale slashes investment budget for third straight year to $14.8bn

Cecilia Jamasmie | December 2, 2013
Vale slashes investment budget for third straight year to $14.8bn

Budget for 2014 is 9.2% lower than last year’s and well below the $18 billion total from 2011.

Vale ends decade-long dispute with Brazil, pays $9.6bn discounted tax bill

Cecilia Jamasmie | November 28, 2013
Vale ends decade-long dispute with Brazil, pays $9.6bn discounted tax bill

It will pay $2.6bn by the end of the month, and an additional $7bn over the next 15 years.

Vale handed way out of $14bn tax dispute

Cecilia Jamasmie | November 18, 2013
Vale handed way out of $14bn tax dispute that forced it to abandon massive potash project in Argentina

Miner has until the end of the week to accept or reject the terms of a government’s tax amnesty proposal.

Vale profit more than doubles in Q3

Ana Komnenic | November 7, 2013
Vale profit more than doubles

Boosted by higher iron ore prices, profits for the world's second-largest mining company jumped by 114%.

Iron ore giant Vale has a secret that it won't share

Cecilia Jamasmie | September 25, 2013
Vale handed way out of $14bn tax dispute that forced it to abandon massive potash project in Argentina

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 hitting rock bottom, posts one of worst results in 10 years

Cecilia Jamasmie | August 8, 2013
Vale hitting rock bottom, posts one of worst results in 10 years

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.

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