August 1, 2019

Vale CEO hopes to wrap up global dam burst settlement by year-end

On Wednesday, Vale reported a $133 million quarterly loss, confounding analysts expectations of a $2.84 billion profit for the period.

August 1, 2019

Iron ore prices help Rio Tinto fork out $1bn dividend, despite Oyu Tolgoi setback

Despite being its best half-year earnings since 2014, net profit dropped by 6% to $4.13bn as it wrote down $800 million from its investment in the Mongolian mine.

July 31, 2019

Vale posts loss after surprise new dam burst charges

The Brazilian miner reported a second-quarter net loss of $133 million after a year-ago profit of $76 million.

July 31, 2019

Samarco poised to reclaim mining license lost after accident

The venture, jointly owned by Vale and BHP, has already reached an agreement with the regulator and could get formal permission to operate as soon as mid-September.

July 31, 2019

Champion Iron breaks records at Bloom Lake

During the first quarter, Bloom Lake delivered almost 2 million wet metric tonnes of high-grade iron ore concentrate.

July 30, 2019

China iron ore hits 2-week high as tight supply back in focus

Chinese iron ore futures rose more than 3% on Tuesday, extending gains for a fourth straight session.

July 29, 2019

Where BHP goes on climate change, will others follow?

BHP Group may just have set the template for how resource companies are going to deal with the challenge of climate change.

July 26, 2019

China iron ore rallies as blanket winter steel curbs ruled out

Expectations that the world's top steel producer, will launch more infrastructure projects this year boosted support to the steelmaking raw material.

July 26, 2019

Brazil steelmaker Usiminas plans steel price hike in Q3

Usiminas released quarterly earnings earlier in the day, posting net income of 171 million reais ($45.5 million), reversing losses from a year earlier.

July 26, 2019

Brazil regulator probes Vale CFO over dam burst disclosures

At issue was Siani's alleged failure to "fully and immediately" disclose information about the accident.