New Vale CEO set to earn up to $11 million annually
About 80% of Gustavo Pimenta’s compensation is tied to achieving specific targets.
Latest Stories
Fortescue chairman urges shift to “real zero” emissions by 2040
Fortescue Chairman calls for the world to abandon the "fantasy" of net zero by 2050 and aim for "real zero" by 2040.
Yorbeau Resources sells Rouyn gold project for $18.5 million
The company will now focus on the Scott Lake zinc-copper deposit near Chibougamau.
IsoEnergy acquires Anfield in uranium deal on road to become major US producer
The deal comes exactly a year after IsoEnergy took over Consolidated Uranium in an all-stock deal.
Gold Fields adopts space technology to boost exploration in Chile
It will apply Australia’s Fleet Space technology to boost exploration efforts at its Salares Norte gold mine in northern Chile.
Lack of capital rises to top risk in EY mining survey
Mining companies are seeking a wider range of capital sources, while companies are also considering partnerships or JVs to help reduce risks and financing requirements.
Madagascar’s nickel and cobalt miner Ambatovy shuts down ore pipeline
Traders said that the incident could tighten supplies in the cobalt market.
LME monitors tightness in aluminum market after spike in spread
The premium of LME October aluminum over November hit $18 a tonne on Wednesday from a premium of $5.85 about three weeks ago.
Canada reviewing Paladin’s Fission Uranium takeover on national security grounds
Paladin is awaiting a final court order and clearance under the Investment Canada Act to move ahead with the deal.
