Vale SA

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.

World's largest iron ore mine shipments hindered in Brazil

Cecilia Jamasmie | July 10, 2013
World's largest iron ore mine shipments hindered in Brazil

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.

Rio suspends coal exports from Mozambique over threats

Cecilia Jamasmie | June 26, 2013
Vale halts Mozambique coal shipments after rebel attack on train

Rios' security concerns follow threats from the former guerrilla group Renamo. Vale continues shipments as usual.

Vale reaches deal with Argentine authorities, quits $6 billion potash project

Cecilia Jamasmie | April 29, 2013
Vale reaches deal with Argentine authorities, quits $6bn potash project

It will pay two and a half months salary to about 4,000 workers.

Brazil’s iron ore industry loses ground in the global market

Cecilia Jamasmie | April 23, 2013
Vale hitting rock bottom, posts one of worst results in 10 years

The country's share in the global iron ore market has dropped 7.5% decrease since 2000, close to mid-1970s levels.

Indian and Chinese investors eye Vale’s Rio Colorado potash project

Cecilia Jamasmie | April 22, 2013
Vale reaches deal with Argentine authorities, quits $6bn potash project

The potential takeover comes only four years after Vale bought the project from Rio Tinto.

Clashes at coal mine owned by Vale in Mozambique

Cecilia Jamasmie | April 17, 2013
Clashes at coal mine own by Vale in Mozambique

Mozambique’s coal industry has faced a number of challenges in recent months.

Argentine court bans Vale from closing down $11bn potash project

Cecilia Jamasmie | March 22, 2013
Fears Brazil will force Vale into new Argentine potash deal

The miner must "abstain from … dismantling installations (and) removing tools, machinery and other work implements" or face heavy fines otherwise.

Australia sees iron ore prices only getting worse

Cecilia Jamasmie | March 21, 2013
Job cuts in Australia’s coal sector climb to 11,000

The country's commodities forecasting agency expects average price to fall to $90 a tonne over the next five years.

Rio Tinto, Xstrata to slash over 100 coal jobs each

Cecilia Jamasmie | March 19, 2013
More job cuts at BHP's coal operations in Australia

Rio and Xstrata are not the only miners rethinking their coal business in Australia. Vale and BHP are reportedly on the same page.

Iron ore fall strikes projects, miners and frightens investors

Cecilia Jamasmie | March 12, 2013
Iron ore free fall strikes projects, miners and frightens investors

The steelmaking commodity hit a 2½-month low Monday as Chinese steelmakers resist restocking frightened by weakening economic data.

Brazil’s Vale reports first loss in a decade, takes $5.7bn write-down

Cecilia Jamasmie | February 28, 2013
Vale hitting rock bottom, posts one of worst results in 10 years

It became the latest large miner to write down assets in the face of falling commodity prices.

Vale to invest $16 million in copper-gold project in Mexico

Cecilia Jamasmie | February 7, 2013
Vale to invest $16 million at copper-gold project in Mexico

Vale's local subsidiary signed a deal with Canadian junior miner Corex Gold to explore for gold and copper in Mexico.

Mining investment in Argentina grows 72% despite risky business climate

Cecilia Jamasmie | January 30, 2013
Mining investment in Argentina grows 72% despite risky business climate

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.

Vale halts $6 billion potash project in Argentina

Cecilia Jamasmie | January 24, 2013
Vale halts $6 billion potash project in Argentina

The world’s third-largest miner is set to post the lowest annual profit in three years.

Rio Tinto fighting to keep Australia in top iron ore producer spot

Cecilia Jamasmie | January 21, 2013
Rio Tinto fighting to keep Australia in top iron ore producer spot

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.

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