Vale revises down year-end iron ore output
The company revised down its guidance for year-end iron ore production capacity to 343 million tonnes per annum from 350 million tonnes previously.
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The feasibility study is underway and should be ready by the middle of next year.
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The company said it would start a $2.2 billion buyback programme to be completed by the end of 2021.
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The diversified miner reported pre-tax profits of $10.1 billion for the six months to June, more than double what it made in 2020 as a whole.
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FLSmidth grabs Thyssenkrupp’s mining unit for $386 million
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Vale’s second-quarter buoyed by iron ore prices, hit by provisions
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VIDEO: Chinese workers condemned for ordering soldiers to beat up artisanal miners in the DRC
According to the Armed Forces of the Democratic Republic of the Congo, mine workers ordered two soldiers to beat up the artisanal miners.
Native Americans win ruling to join lawsuit against Lithium Americas project
Four environmental groups sued to block the mining project earlier this year, arguing it could harm sage grouse and other wildlife.
