Vale SA

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.

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.

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