Vale Mining News

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.

Samarco iron ore mine could reopen this year

Samarco Mineracao – a Vale-BHP joint venture – ceased operations in November 2015 following a deadly tailings dam burst.

Brazil's Vale 4th-qtr profit misses as costs rise, forex weighs

Vale said in a securities filing that net income totaled $771 million, compared with an average consensus estimate of $2.537 billion.

Vale’s iron ore output hit record high in 2017

Output of the steelmaking material reached 366.5 million tonnes last year, boosted by record high productionat Vale's northern system, which composed of its Carajás, Serra Leste and the massive S11D mine.

Copper, iron ore price jump sparks rally in mining stocks

Top listed copper producer Freeport jumped 7.4% and with Vale – up 6% – was among the NYSE's top 10 most actively traded stocks.

Bidders for $500m Canada streaming deal as cobalt price surges–report

Reuters reports Vale has hired bankers to put together world's first ever cobalt streaming deal worth up to $500 million at its Voisey's Bay mine in Canada.

Wood Mackenzie cuts iron ore price outlook as markets fall again

The UK-based research and consultancy group has dropped its price forecast to $63 a tonne or 12% below last year's average of $71 per tonne.

Vale confirms talks with BHP over Samarco exit

During a meeting with investors and analysts in Sao Paulo, Vale’s investor relations director, André Figueiredo, said it seemed “natural” for his company to become the sole owner of the project.

Vale closes sale of fertilizer business to Mosaic for $1.4 billion

Brazilian mining giant is retaining control of the TIPLAM port terminal, which was originally included in the deal.

Australia forecasts 20 pct iron ore price drop in 2018 as China demand eases

Australia expects iron ore prices to average $51.50 a tonne this year because of rising global supply and moderating demand from top importer China.

CHARTS: Big mining's surge in value shames tech giants

The mining cycle turned two years ago – gains for the sector's largest companies have far outpaced stocks like Apple, Amazon, Google and Facebook since.

Vale is said to be negotiating BHP exit from Samarco venture

Vale and BHP Billiton in talks over future of their Samarco iron-ore joint venture, including the possibility of the Brazilian miner taking full ownership.

Vale to get $1.35 billion less for fertilizer business

The South American miner wants to retain control of the TIPLAM port terminal, which is an asset originally included in the deal.

Brazilian miner Vale says entering new era of big dividends

"Now is the era of the Vale dividends. Vale will become a big payer of dividends if everything goes well," CEO Fabio Schvartsman said on Friday.

Vale says won't pay bonuses to striking Mozambique mine workers

The global miner said on Monday it would not pay bonuses demanded by its workers in what it called an illegal strike at the Moatize coal plant in Mozambique.

Vale workers in Mozambique down tools at Moatize mine over bonus pay

Workers at Vale's Mozambique Moatize coal mine downed tools on Friday in a dispute over bonus payments, paralysing work at the plant.

Vale's reality check for nickel's electric vehicle dreams: Andy Home

While "everyone knows there are great opportunities" for nickel in the EV sector, "prices are not there", according to Vale Chief Exec Fabio Schvartsman,