Tag: Vale

• Wednesday, May 29th 2019 - 10:03 UTC

  Brazil's iron ore industry misery, a boom for Australian big miners

  

  Iron ore prices look set to be stronger for longer, potentially delivering windfall profits for West Australia’s big miners for the next two years. As the iron ore price hit a five-year high of US$107.50/t this week, analysts have begun scrambling to revise their estimates as they start to digest the impact of supply disruptions out of Brazil and how long the outages could linger.

• Friday, May 3rd 2019 - 11:46 UTC

  Latin American currencies softened against a strong US dollar following the Fed's two days meeting

  

  Latin American currencies softened against a stronger U.S. dollar on Thursday, a day after the U.S. Federal Reserve kept interest rates steady, while most regional stock markets broadly fell along with their global peers.

• Tuesday, April 16th 2019 - 08:31 UTC

  Brazil's Real and Petrobras shares recover on Monday trading

  

  Brazil's Real and shares rose on Monday, recovering after declines last week, while the currencies of oil exporters such as the Mexican and Colombian pesos weakened as crude prices dipped.

• Thursday, April 11th 2019 - 09:07 UTC

  Brazilian prosecutors planning to file criminal charges to mining giant Vale SA

  

  Brazilian prosecutors plan to file criminal charges against Vale SA and employees of the mining giant over the deadly collapse of a mine-waste dam in January, the lead investigator told The Wall Street Journal.

• Tuesday, March 19th 2019 - 08:17 UTC

  
Brazil's Vale iron ore miner ordered to suspend operations in two more dams

  

  Brazilian court has ordered Vale SA, the world's largest iron ore miner, to suspend operations at two more dams, demanding that it prove the structures are stable. The court decision dated Friday is the latest in a series of orders forcing Vale to halt operations at various dams that contain the muddy detritus of mining operations after one such barrier collapsed in January, killing some 300 people.

• Friday, February 22nd 2019 - 09:12 UTC

  Brazil's Vale ordered to suspend more iron ore operations fearing dam breaks

  

  Brazil's mining agency (ANM) has ordered Vale to suspend operations at its Fabrica and Vargem Grande complexes, as part of an ongoing crackdown following last month's deadly dam break at the iron producer’s Corrego do Feijão mine.

• Tuesday, February 19th 2019 - 08:39 UTC

  Brazil bans upstream mining dams following the Brumadinho disaster that killed 300

  

  Brazil's government on Monday banned new upstream mining dams and ordered the decommissioning of all such dams by 2021, targeting the type of structure that burst last month in the town of Brumadinho, killing hundreds of people.

• Monday, February 18th 2019 - 08:50 UTC

  Another Vale tailings dam in Brazil in collapse danger: 200 residents evacuated

  

  Around 200 residents were evacuated from an area near a tailings dam in Brazil operated by Vale SA late on Saturday, amid fears that it was structurally weak and could burst like a similar barrier failure last month that killed some 300 people.

• Saturday, February 16th 2019 - 10:26 UTC

  Brazil arrests eight officials from mining giant Vale over the dam collapse

  

  Brazilian authorities arrested eight employees of mining giant Vale on Friday over a dam collapse at one of its mines three weeks ago that killed at least 166 people and left 147 missing, presumed dead.

• Wednesday, February 13th 2019 - 09:12 UTC

  NGOs demand Brazilian miner Vale be excluded from UN's corporate responsibility pact

  

  A group of international non-governmental organizations on Tuesday demanded that Brazilian miner Vale SA be excluded from the United Nations' corporate responsibility pact, after a mining dam burst that killed an estimated 300 people.