Transmin, a leading provider of innovative mechanical equipment design and application for bulk materials handling industries throughout Australia and internationally, and Flexco, a global leader in the design, manufacture and supply of products that enhance belt conveyor productivity, today announced a Global Project Partnership Agreement.
The suspension of activities at Vale's Port of Tubarão, ordered by a Brazilian federal court on Thursday, is likely to cause strong reaction in the global iron ore market.
The asset writedown is primarily related to two Latin American assets — Pascua Lama project, on the border of Chile and Argentina and Pueblo Viejo, in Dominican Republic.