Vale Mining News

Brazilian pension fund Previ won't sell Vale shares before year end- CEO

Previ intends to reduce its stake in the miner over the medium-term.

China's winter pollution cuts may boost high-grade iron ore

The logic is sound: If steel mills are given pollution restrictions, they will use the best possible quality iron ore to maximise the amount of steel produced relative to the energy consumed.

Boom in EV batteries helps suppliers older than Ford’s Model T

Brazil's Vale expects the EV revolution to boost battery market nickel demand to as much as 700,000 tons in 2025, from just 36,000 tons this year.

Vale sees possible Samarco restart in 2020, BHP uncertain on date

Samarco, a joint mining venture between Brazil's Vale and BHP Billiton, could resume production at a third of its capacity at the beginning of 2020.

Vale rules out major acquisitions

CEO Fabio Schvartsman said the company would only invest further in nickel if global prices for the metal rise from $13,000 per tonne currently to around $20,000 per tonne.

BHP and Vale reach final settlement in Brazil over dam failure

The definitive agreement comes almost three years after the incident, which killed 19 people and became the country’s worst ever environmental disaster.

Vale eyes expansion of Brazil iron ore mine to feed Chinese demand

China, the world's biggest consumer of the steelmaking ingredient, has ramped up buying of higher-quality, less polluting grades of iron ore as it battles to clear its notoriously smoggy skies.

Top nickel miners ranked

Vale on top.

Vale celebrates completion of $1B clean AER Project

Vale’s Clean AER Project is the largest single environmental investment in Sudbury’s history.

Vale truck fleet at Brazil mine going fully autonomous in 2019

Using seven Caterpillar 793F CMD autonomous trucks, the miner was able to transport 26% more ore at Brucutu mine in just a month.

Vale's iron ore output will rise only if prices increase -CEO

Fabio Schvartsman said the company would ramp up annual production to 450 million tonnes only when prices rise.

Australian iron ore miner Fortescue's annual profit halves

Fortescue Metals said that its annual profit halved as prices for its lower quality iron ore fell.

Mining and metals markets crater as copper price enters bear market

Investors found no solace in traditional safe haven gold with the precious metal setting a one-and-a-half year low.

BHP says Brazilian court approves settlement for Samarco

Samarco, a joint venture of Vale SA and BHP Billiton, expects to obtain next year all licenses needed to resume operations.

Vale's Q2 capex reaches lowest level since '05

Vale announced an adjusted EBITDA of US$3.9 billion in Q2 with iron ore production of 96.8 tonnes and sales of 86.5 tonnes.

BHP to fight class action over Samarco dam failure

Law firm leading the action says it has more than 3,000 investors signed up to pursue the miner for losses.

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.