November 13, 2019

BHP names Mike Henry as new CEO

Henry will replace Andrew Mackenzie effective January 1, 2020.

November 13, 2019

China-backed JV to develop giant Simandou north iron ore deposit in Guinea

Guinea’s Societe Miniere de Boke (SMB) and Singapore’s Winning International Group offered $14 billion to build a mine and related infrastructure.

November 11, 2019

Global iron ore production to grow 0.9% annually until 2028 – report

Fitch analysts expect to see continued regulatory scrutiny over Vale and the iron ore sector.

November 11, 2019

Vale outlook cut implies at least 14.7% sales drop in 2019

The outlook change is due to "greater visibility on sales expected for the fourth quarter."

November 7, 2019

Italy ready for ‘legal battle of century’ with ArcelorMittal

The Italian government will fight ArcelorMittal in the courts if it goes back on a pledge to buy steelmaker Ilva.

November 7, 2019

BHP says it is unaffected by sanctions on China’s COSCO

COSCO operates in multiple segments of the seaborne trade, including container and dry bulk shipping.

November 6, 2019

Brazil court says could annul Vale acquisition of Ferrous Resources

Vale said in August that it had to temporarily halt operations at the Viga concentration plant of its newly-acquired Ferrous Resources do Brasil due to “inconsistency in the documents.

November 6, 2019

Anglo American says Eskom a major risk as it mulls growth

Eskom, which produces about 95% of South Africa’s power, has been forced to implement rolling blackouts that caused economic output to contract the most in a decade in the first…

November 5, 2019

Brazil’s Samarco expected to resume $4 billion debt restructuring talks

The venture last month won permission to resume operations at its Germano iron ore mine, four years after a dam burst in the city of Mariana.

November 5, 2019

Vale CEO received anonymous email warning ahead of Brazil dam disaster — congress report

Like an earlier Senate probe, the report from the Brazilian lower house suggested the indictment of various Vale executives.