November 26, 2019

Rio Tinto invests $749 million in Pilbara iron ore mine

The company said the project is expected to deliver internal rate of return with a capital intensity of about $25 per tonne of production capacity.

November 26, 2019

Vale sees $1.6 billion impairment charge for Q4 in New Caledonia write down

Vale said its annual assets review of its base metals and coal business is still underway and further impairments charges that would also impact fiscal year 2019 cannot be ruled…

November 21, 2019

Vale returns looking for low-cost debt after Brumadinho tragedy

Vale is on course to end 2019 with roughly $18 billion in adjusted Ebitda.

November 21, 2019

‘I love you’ Goldman Sachs, Cliffs CEO says year after outburst

A year after Lourenco Goncalves raged against analysts from Goldman Sachs, the Cleveland-Cliffs Inc. chief’s acrimony has reversed 180 degrees.

November 19, 2019

SEC opens preliminary probe of Vale over dam tragedy

The US regulator decided to proceed with the probe of the company last week after a meeting with Brazilian prosecutors.

November 18, 2019

Deforestation in Brazil’s Amazon hits “highest level in a decade”

Areas where trees have been removed soared 29.5% to 9,762 square km in the year to July 30, 2019 at a pace equivalent to about two soccer fields a minute…

November 15, 2019

Russian steel giant MMK to spend $600 million on environmental projects

The news comes only a week after Russia ditched plans to set greenhouse-gas emissions targets.

November 15, 2019

Global public consultation launched on tailings dam standards

The initiative aims to prevent a repeat of Vale's tailings dam burst in January, which killed 300 people.

November 14, 2019

BHP’s incoming CEO a much needed breeze of fresh air for the mining industry

“Ethical,” “thoughtful,” “gender-equality champion,” are just some of the adjectives describing Mike Henry, BHP's next leader.

November 13, 2019

Caterpillar moves a billion tonnes autonomously at Fortescue Metals

The mine’s fleet of autonomous trucks traveled more than 33.5 million km without a single safety incident.