February 4, 2021

Vale and Brazil state sign $7bn deal over Brumadinho

The settlement is the biggest in Brazil's history, but does not include criminal actions, unknown damages, and individual rights.

February 4, 2021

Fortescue pays royalties to Aboriginal group, a year late

Miner has pledged to pay nearly A$2 million ($1.4 million) in outstanding royalties to an Aboriginal partner, around a year after they were initially due.

February 3, 2021

Vale 4Q20 iron ore output lower than estimated

Vale ended 2020 with 322 Mt of production capacity and expects to achieve 350 Mt capacity by the end of 2021.

February 3, 2021

US mines produced $82.3 billion in minerals in 2020 – report

The principal contributors to metal production were gold (38%), copper (27%), iron ore (15%) and zinc (6%).

February 3, 2021

Iron ore price bounces back after sharp fall

Bullish outlook from Credit Suisse and Morgan Stanley lifts sentiment.

February 3, 2021

Vale and Brazil state approach $7bn deal over Brumadinho

According to the attorney general, the settlement is the biggest in Brazil's history, but does not include criminal actions.

February 2, 2021

Brazil’s 2020 mineral production topped 1 billion tonnes, up 2.5%

The country's mineral exports reached $37 billion, compared to $33 billion in the previous year, bolstered by strong Chinese demand for iron ore.

February 2, 2021

Brazil’s Bahia Mineracao starts production at iron ore mine

The subsidiary of Kazakhstan's Eurasian Resources Group started production at Pedra de Ferro in northeastern Brazil with expected 2021 output of 1 million tonnes.

February 2, 2021

China starts 2021 with robust imports of major commodities

Imports of crude oil, iron ore and coal are all expected to show gains from prior months.

February 2, 2021

Shaky iron ore market turns to Vale for final piece of supply puzzle

Vale is still looking to return to a capacity of 400 million tonnes, which would see it regain the title of world’s biggest producer.