February 5, 2019

Trading house Mitsubishi maintains full-year profit forecast

* April-Dec net profit grows 6 pct y/y to record 442 bln yen * Books impairment losses on Olam, Chilean iron ore […]

February 5, 2019

Audit of burst Brazil dam found issues with drainage, monitoring – reports

The report by German-based TÜV SÜD made 17 recommendations aimed at improving the stability of the structure and was dated September 2018.

February 5, 2019

South Africa’s rand shows its mettle as iron ore prices surge

If you are searching for clues on how the rand will move next, watch the iron-ore price.

February 4, 2019

Video shows exact moment when Vale’s dam collapsed

A video shows the exact moment when a dam at Vale’s Córrego do Feijão mining complex burst.

February 4, 2019

Vale forced to halt operations at Brucutu, largest mine in Minas Gerais

Brucutu, which has an annual capacity of 30 million tonnes of iron ore, is Brazil's second largest mine, behind Vale’s Carajás.

February 4, 2019

Vedanta says Anglo American stake buy meets Gov’t criteria

Shares in the company lost a fifth of their value on Friday as investors were sceptical of its foreign subsidiary Cairn India Holdings’ $200 million investment in the diversified miner.

February 3, 2019

Rio Tinto to remain strong despite difficulties—report

A key asset is the Oyu Tolgoi copper project in Mongolia, which will partially diversify the miner's earnings away from iron ore.

February 1, 2019

Brazil dam burst death toll rises to 115; 10 people added to list of missing

The rescue and recovery team said that 248 people were now listed as missing.

February 1, 2019

Thyssenkrupp in constructive talks with EU on Tata Steel JV

The commission has set an April 29 deadline to rule on the transaction, which would create Europe’s second-largest steelmaker after ArcelorMittal.

February 1, 2019

This iron ore rally is living on borrowed time

Those inclined to make a bullish bet on disaster may be in for a dose of karma. This rally is more likely to collapse than extend.