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.

January 25, 2024

Brazil’s Lula slams miner Vale over 2019 Brumadinho disaster

The Brazilian President criticized Vale for "not having done anything to repair the destruction".

January 25, 2024

Fortescue to work with China officials to clear iron ore shipments

Two iron ore cargoes from the world's No.4 supplier were facing unusual customs delays at north China's Caofeidian port.

January 25, 2024

Plaintiffs demand 582m euros from TÜV Süd over Brazil dam burst

TÜV Süd's lawyers have referred responsibility to Vale.

January 25, 2024

BHP diverts shipments to avoid Red Sea attacks

The world’s largest miner said most of its shipments don't go through this route, adding there have been no major disruptions so far.

January 24, 2024

Fortescue posts drop in second-quarter iron ore shipments

The world's fourth largest iron ore miner shipped 48.7 million tonnes of the steel-making commodity in the quarter ended Dec. 31