February 5, 2019

Vale declares force majeure on some contracts after deadly dam burst

Iron ore prices have surged since the disaster, hitting a nearly two-year high on Monday.

February 5, 2019

The new Cold War and gold

The best defense against the repercussions of a mounting pile of debt, and the new cold war, is to own gold - the traditional safe haven.

February 5, 2019

Vale iron-ore mine halt risks ‘incremental supply shock’

Vale SA said it’s temporarily halting some operations at its Brucutu mine, potentially causing a production loss of about 30 million metric tons of iron ore a year

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.