Vale Mining News

Vale’s iron ore output hit fresh record high despite trucker strike

Iron ore output hit 96.755-million tonnes in the three months to June 30, while pellet output reached 12.838-million tonnes, despite a nationwide truck drivers strike that paralyzed the country in May.

Japan's Mitsui may raise its stake in Vale — executive

The sale of Vale stakes has been a subject of market speculation since the world's largest iron ore miner moved to a single class of stock in October. Mitsui currently holds a 5.51 percent stake in Vale.

Australia govt sees more iron ore price pain

Top iron ore exporter forecasts a return to the $50s as Chinese imports starts annual decline after decades of growth.

US-China trade spat wipes $57B from top mining stocks in fortnight

Copper, iron ore prices drop, mining majors punished as US threatens more tariffs on "predatory" Chinese imports and Beijing calls it "blackmail".

Trump trade war blows up big week for mining majors

A week choc-a-bloc with billion dollar copper, iron ore and cobalt deals ends with huge drop in prices and sell-off in stocks of mining's biggest names.

Samarco is said nearing settlement with Brazil prosecutors

Resolving the legal cases will allow talks with creditors to begin as the company starts to draft its long-term business plan.

Vale deal shows carmakers will need to pay up to secure cobalt

Vale agreement sets something of a price benchmark for long-term cobalt deals by showing what financial investors are willing to pay.

Brazilian President changes decades-old mining laws to lure investment, protect environment

The two separate decrees aim at making the local industry more competitive and sustainable, while while implementing rules on the collection of higher mining royalties.

Brazil’s President to change mining regulations as early as next week

Michel Temer is expected to issue a decree next week introducing key changes to mining rules that date back to the 1960s.

Miners creep through legal minefield as Brazilian scales tip

Global miners face a new reality in Brazil as local, judges included, react quicker and more ferociously to legal infractions.

Brazil truckers strike having limited impact on Vale operations – CEO

The company will announce "organic growth" in the coming months.

Vale sees key mine topping iron ore output forecasts in 2018 -source

Brazilian miner Vale SA expects iron ore output at its premier S11D mine to reach 58 million tonnes this year.

Iron ore king vows to protect market from days of boom and bust

Fabio Schvartsman is pursuing a disciplined approach, keeping tens of millions of tons in the ground each year to prevent another painful glut.

BHP faces shareholder class action over Brazil mine disaster

Australian law firm Phi Finney McDonald alleges BHP knew the dam was at imminent risk of breaking but did not tell markets.

MAC fetes Vale and IAMGOLD with 2018 TSM Excellence Awards

The companies were recognized with the awards yesterday at the CIM Awards Gala in Vancouver.

China opens iron ore market to the world in pricing, image push

China to allow foreign investors in iron ore futures from Friday.

Vale eyes $1 bln in dividends each quarter this year

The comments came a day after Vale reported a first-quarter slide in profit of 36 percent on higher costs and lower iron ore prices.

Vale unsure if New Caledonia nickel operations will continue

A day after first quarter results showed a 36 percent slump in profit, executives said they were not satisfied with nickel prices.

Brazil's Vale 1st-qtr profit slumps by a third as costs rise

The world's largest iron ore producer posted a 36 percent slump in first-quarter profit compared to the same quarter a year earlier.

Prosecutors, Samarco to ask more time for disaster's compensation plan

They are seeking to obtain 30 more days to finish details of the plan.

Brazil's Vale reports iron ore output slips in Q1

The world's top iron ore producer said that heavy rains in the first three months of the year impacted its output.

Canada’s new player in Brazil gets to work

A diamond drilling campaign is about to start at the Salobro Zinc Project.

CHARTS: Mining rally running out of steam as copper price weighs

Cobalt, nickel still on the boil, but gloomier outlook reflected in copper price and fall in market value of top mining companies during first quarter.

Labour groups file OECD complaint against BHP and Vale over dam-burst disaster

The accident killed 19 people, left hundreds homeless and unemployed and caused sludge to wash downstream into the neighbouring state of Espírito Santo.

Two risks threaten commodities, one bullish, one bearish: Russell

The are two main factors that appear to be emerging that may threaten an end to the current quite rosy picture surrounding demand for commodities such as iron ore, steel and the metals most exposed to the battery boom, cobalt, lithium and nickel.