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.
Vale Mining News
Another 5% iron ore price drop Tuesday slashes $30 billion from top 5 producers' market value in one month.
The commodity is now trading below $70 a tonne and has just suffered its largest one-day percentage decline in over a year.
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.
Ore with 62% content in Qingdao fell almost 7% overnight, entering a bear market and erasing all of this year’s gains.
So far this year, the commodity has risen just 0.6%, quite far from the over 20% gains seen just over a month ago.
Combined worth of $842 billion with 20% gains so far in 2017.
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.
Fabio Schvartsman will lead the transition of the world’s largest iron ore miner into a new shareholding structure.
The steelmaking ingredient has shed almost $10 a tonne in just a week.
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.
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.
The Stobie mine in Sudbury began in 1890.
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.
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.
The world’s No.1 iron ore miner produced 349 million tonnes of the steelmaking ingredient in 2016, helped partly by the opening of its massive S11D mine.
A reworked sale process for plants located in the southeastern city of Cubatão was reportedly launched in recent days.
INTERACTIVE MAP: Together reserves at the global top 10 copper mining projects are worth more than $360 billion.
The company has loaded 26,500 tonnes of iron ore onto three ships at the company's port of Ponta de Madeira.
The Israeli billionaire, under house arrest since Dec. 19, has been at the centre of an international investigation into alleged bribery to win mining rights in Guinea.
Instead, the company is moving forward with a new prefeasibility study for the Argentina-based asset.
The global mining industry rebounded from multi-year lows in 2016 – MINING.com's most popular posts of the year tell the story.
Vale agrees to pit use for tailings.
EnviroSuite says using best practice technology is a critical step in mitigating environmental and associated corporate risks, and in reducing the demands of crisis management that follow incidents with major environmental and community impacts.
Mosaic has agreed to acquire most of Vale's phosphate assets in Brazil, its stake in Peru's Bayovar mine and the firm’s Kronau potash project, in Canada.