Vale

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Rio upping Pilbara iron ore output another 70m tonnes

Frik Els | May 6, 2013
Rio upping Pilbara iron ore output another 70m tonnes

World number two miner to approve $5bn to bring annual capacity to 360m tonnes.

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.

Small victory for 'marvelous' 14m tonne Valemax fleet

Frik Els | April 28, 2013
Small victory for 'marvelous' 14m tonne Valemax fleet

China allowed one partially loaded Valemax to dock earlier in April, but carrying 400,000 tonnes of iron ore is still banned.

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

Cecilia Jamasmie | April 23, 2013
Brazil’s iron ore industry loses ground in the global market

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.

Japan gets the green light to mine coal in Mozambique

Cecilia Jamasmie | April 4, 2013
Mozambique mine

The mine, scheduled to start operating in 2016, is expected to produce 5 million tonnes of coking coal a year.

Rio Tinto’s Walsh hits the gas pedal, puts Aussie coal assets up for sale

Cecilia Jamasmie | April 3, 2013
Rio Tinto’s Walsh hits the gas pedal, puts Aussie coal assets up for sale

Deal it is expected to fetch around $3 billion.

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

Cecilia Jamasmie | March 22, 2013
Argentine court bans Vale from closing down $11bn potash project

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
Australia doesn’t see iron ore prices getting any better

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

Conviction sell: Rio downgrade gives entire iron ore sector a bloody nose

Frik Els | March 19, 2013
Conviction sell: Rio downgrade gives whole iron ore sector a bloody nose

Goldman Sachs sees significant earnings declines at world number two miner.

Rio Tinto, Xstrata to slash over 100 coal jobs each

Cecilia Jamasmie | March 19, 2013
Rio Tinto, Xstrata to slash over 100 coal jobs each: reports

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

Frik Els

SLIDESHOW: 2-minute history of the iron ore wars

Frik Els | March 13, 2013
SLIDESHOW: A 2-minute history of the iron ore wars

From relic of the industrial age to the most profitable bulk commodity the mining industry has ever experienced.

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

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.

Guinea wants to bring one of the world’s richest iron ore deposits back to life

Cecilia Jamasmie | February 4, 2013
Guinea

Last October, Vale put the scope and schedule for its $1.26 billion Zogota iron-ore project in Simandou South under review.

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.

Global steel director for Brazil’s Vale quits amid division reshuffle

Cecilia Jamasmie | January 17, 2013
Global steel director for Brazil’s Vale quits

With the executive's resignation, the global steel director's position will no longer exist.

Vale’s CEO bullish about iron ore in 2013

Cecilia Jamasmie | January 14, 2013
Vale’s CEO bullish on iron ore outlook for 2013

Murilo Ferreira, CEO of Brazil’s mining giant VALE (NYSE: VALE) said he expect less volatility in terms of iron prices for 2013

China's ravenous for iron ore, copper and oil

Cecilia Jamasmie | January 10, 2013
China’s appetite for iron ore, copper, oil quite ravenous in 2012

The country's iron ore imports in 2012 totalled $95.6 billion, 8.4% higher than the previous year.

Iron ore miners ending 2012 on a positive note

Cecilia Jamasmie | December 20, 2012
Iron ore miners ending 2012 on a positive note, close to year highs

Vale, Rio Tinto and BHP Billiton reach an almost one-year high.

Vale will pay $232 million in taxes to Switzerland

Cecilia Jamasmie | December 19, 2012
Vale will pay $232 million in taxes to Switzerland

Brazilian miner Vale SA (NYSE:VALE) said Wednesday its fourth-quarter results would suffer after the company decided to settle a case of alleged tax evasion with Swiss authorities.

Vale to pay Brazil $674 million in mining taxes

Cecilia Jamasmie | December 13, 2012
Vale to pay Brazil $674 million in mining taxes

Mining giant Vale (NYSE:VALE) has started paying the Brazilian government $674 million ($1.4 billion real) in a dispute over mining royalties.

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