Vale Mining News

BSGR may have to pay $1.2bn for no show at Simandou-related hearing

The company, which could lose the arbitration as a result, will have to pay the amount to former partner Vale.

Vale closing Birchtree nickel mine in Manitoba

200 jobs lost.

Chinalco wants to be sole owner of world’s largest iron ore deposit

Move comes barely seven months after Rio Tinto agreed to sell it its stake in Simandou for up to $1.3 billion.

Iron ore to hit $44 a tonne by 2021 — analysts

BMI Research expects prices to continue sliding for at least the next five years on rising supplies from Australia and Brazil and evidence of Chinese demand cooling earlier than expected.

Argentina to pass new mining law this week

Governments, industry players, unions expected to sign federal mining agreement this week, which aims to double investment in the sector to $25bn in eight years.

Here's why the iron ore price is tanking

And why the worst may be over already.

Iron ore free fall wreaks havoc with main producers

It’s been a bad week for iron ore, with all indices steeply lower on Friday for a second consecutive day.

Iron ore craters again — down 5% in only 24 hours

In Asia, trading was halted after prices sank 7.3%, which is the maximum a day allowed by Chinese regulators.

Vale’s first quarter profit lower than expected as rains hurt iron ore output

Net income totalled $2.5 billion, compared with profit of $525 million in the prior three months and almost $1.8 billion a year earlier.

Iron ore to slide below $46 a tonne by 2021 — analysts

BMI Research expects prices to continue sliding for at least the next five years on rising supplies from Australia and Brazil and expectations for a surplus.

Vale’s iron ore output just hit another record

Production of the steelmaking raw material jumped 11% to 86.2 million tonnes in the January-March period, compared to the same quarter a year earlier.

Iron ore price collapse wipes billions off top mining stocks

Another 5% iron ore price drop Tuesday slashes $30 billion from top 5 producers' market value in one month.

Iron ore market keeps getting uglier — prices at lowest since November

The commodity is now trading below $70 a tonne and has just suffered its largest one-day percentage decline in over a year.

Iron ore prices keep falling despite a decrease in China’s inventories

After a 85% rise in 2016, iron ore prices are now down 3.2% so far this year, which has placed the commodity in a bear market.

Iron ore miners shares drop as prices collapse

Ore with 62% content in Qingdao fell almost 7% overnight, entering a bear market and erasing all of this year’s gains.

Iron ore drops below $80 a tonne again

So far this year, the commodity has risen just 0.6%, quite far from the over 20% gains seen just over a month ago.

Top 50 biggest mining companies

Combined worth of $842 billion with 20% gains so far in 2017.

Search for ship containing 260,000 tonnes of iron ore continues

The Stellar Daisy, which set out from the a port in Brazil to China, last made contact on Friday. 22 out of the 24 crew members are still unaccounted for.

Vale’s new CEO Schvartsman a political move in the right direction — analysts

Fabio Schvartsman will lead the transition of the world’s largest iron ore miner into a new shareholding structure.

Iron ore hits lowest price since early February

The steelmaking ingredient has shed almost $10 a tonne in just a week.

US court cancels most of class action against Samarco over deadly dam burst

Vale said the US District Court for the Southern District of New York annulled the majority of a class action lawsuit against the company and executives over the 2015 deadly accident.

Iron ore miners worst nightmare just came true — prices tank

Prices for the raw material have dropped below $90 a tonne as doubts gather about the strength of demand in China at stockpiles hit record highs.

Vale to mothball century-old Ontario nickel mine

The Stobie mine in Sudbury began in 1890.

Rio Tinto defers former CEO Walsh bonus over Guinea scandal

Sam Walsh's bonuses, potentially worth millions, had been delayed for at least two years as investigations continue into dubious payments related to Simandou iron ore project in Africa.

Vale swings back into the black on soaring iron ore prices

The world's No.1 iron-ore producer recorded a net profit of $3.98 billion in 2016, a significant recovery from a loss of $12.13 billion it reported a year earlier.