Increasing supply worries after Vale warns of another dam burst.
Vale Mining News
According to a document published on Thursday, prosecutors said Vale is predicting the dam in the city of Barao de Cocais may collapse next week.
Terrapure Environmental and Vale Canada's sustainable method for managing biosolids during winter months was recognized by the Environmental Leader, a Colorado-based publication.
Supported metal prices, debts being slashed, and production efficiency growth were the keys for the good performance.
At the same time, CFO Luciano Siani said that quickly restarting production was not the company's top priority after the Brumadinho disaster, for which the company was forced to take nearly $5 billion in writedowns in the first quarter.
The company had posted a net profit of $1.59 billion in the year-ago period.
Norwegian pension fund manager KLP has sold $366m of bond and equity exposure in 46 companies, including leading miners BHP and Anglo American.
The group action suit describes in detail a series of failures and errors of judgment over several years leading to the collapse of the Fundão tailings dam in 2015, owned by the Samarco joint venture between BHP and Vale.
World's top iron ore miner guides down production again for 2019 after earlier decision is reversed.
Vale argues that if the German inspection firm TÜV SÜD had not fulfilled its contract it could be held responsible.
Minority shareholders of Vale SA have enough votes to request that board members be elected independently using a cumulative voting system.
The credit ratings and research division of the Fitch Group says producers should take advantage of the current environment of lower supply, healthy demand and higher prices.
The arbitration case stemmed from a dispute between Vale and BSG Resources Ltd over a joint venture to develop the Simandou mine.
The Stoxx Europe 600 is still stuck in a tight range as the earnings season is getting into full swing.
A Brazilian court has authorized Vale to resume operations at the Brucutu mine, its largest in the state of Minas Gerais.
Vale's situation could force other steelmakers to halt production if nothing is done to normalize supplies.
The supply/demand dynamics benefit Australia’s iron ore miners, according to the latest research by the Macquarie Group.
The joint venture intended to explore for iron assets at the Simandou prospect, but the concession was revoked in 2014 by Guinea's government.
Vale SA has opened negotiations with prosecutors and families of victims of the deadly January dam disaster.
Iron ore’s poised to hit $100 a ton, according to Citigroup, which highlighted “very, very low” seaborne cargoes just as data from China may show a pick-up in demand.
Giant mines currently under construction will churn out an additional one million tonnes of copper through 2023, but that won’t be enough.
A group of minority shareholders in Vale SA has proposed an alternative board member and to change the board election to a cumulative voting system.
The move is aimed at providing a tool for institutional investors to assess the risk from their holdings in mining companies.
A mix of political populism, higher commodity prices and the expectation electrification will spur demand for raw materials has led governments to change the rules for miners operating in their countries.
Futures topped $90 a tonne on Wednesday amid increasing concern the crisis at Brazil’s Vale SA will be drawn out as regulators ordered dozens of dams to be shut.