January 30, 2024

Vale cranks up iron mining just as demand concerns resurface

The Brazilian mining giant is accelerating production, posting its best December in five years.

January 30, 2024

China Baowu raises $1.4bn via bond, mostly for Simandou iron ore project

The entire Simandou project will be completed and put into operation in 2026, Baowu said in the document.

January 29, 2024

Vale’s 2023 iron ore output tops guidance, but sales fall

The company produced 89.40 million metric tons of iron ore in the last three months of 2023.

January 29, 2024

Brazil state prosecutor urges Vale, BHP to settle over dam disaster

The Minas Gerais state prosecutor general says the companies risk paying a lot more in court.

January 29, 2024

Column: Iron ore price rally built on more than just China optimism

Iron ore is having a strong start to the year, with rising prices and robust imports by China.

January 29, 2024

Third mine disaster in a decade tests ESG boundaries in Brazil

Again and again, Brazil is showing just how quickly money managers are willing to shrug off disasters.

January 27, 2024

Chinese engineers are keeping Russia’s metal furnaces firing

A $840-million coking plant in the steel town of Magnitogorsk is being built by a Chinese engineering giant and hundreds of Chinese workers.

January 26, 2024

Lula never discussed Vale’s CEO succession, says Brazil minister

Reuters recently reported that President Lula wanted Mantega to be appointed to a board seat at the mining giant.

January 26, 2024

BHP to review $9.7 billion charge over Brazil dam failure

The fine is part of a broader claim seeking $31.5bn for reparation, compensation and moral damages tied to the Fundão dam failure in 2015.

January 25, 2024

Brazil judge orders Vale, BHP and Samarco to pay $9.7 billion in damages

The Samarco Fundão dam burst in November 2015 — it was Brazil’s worst environmental disaster.