Brazil's Vale, eyeing EV market, mulls base metal spinoff

Mining News Pro - Vale is "closely analyzing" a possible spinoff of its base metals division, Chief Executive Eduardo Bartolomeo said on Tuesday, a move that could help the company take advantage of increasing demand from electric car manufacturers.

Brazil's Vale beats Q1 profit estimates

Mining News Pro - Iron-ore miner Vale SA beat first quarter profit estimates on Monday, with the Brazilian company boosted by a record performance in its ferrous minerals division.

Brazil court flags rupture risk at Vale’s Norte Larajeiras dam

Mining News Pro - The Brazilian Superior Court of Justice (STJ) ruled on Thursday to reestablish a decision that prevents the resumption of activities in the Norte Larajeiras dam, owned by Vale, in Minas Gerais state.

All eyes on Brazil for iron’s next move with Vale set to report

Mining News Pro - Vale, one of iron-ore’s biggest swing factors, may determine whether prices of the steelmaking ingredient break through to multiyear highs or retreat once again.

Brazil prosecutors close investigation into Vale executives related to Simandou

Mining News Pro - razilian prosecutors have closed an investigation into Vale executives related to the Simandou mine, in Guinea, the iron-ore miner said in a securities filing on Monday.

Vale executives investigated in Brazil over Simandou deal

Mining News Pro - The police in Rio de Janeiro, Brazil, will investigate Vale CEO Eduardo Bartolomeo, and other executives and former directors over the deal to explore the giant Simandou iron-ore mine in Guinea, as newspaper Valor Econômico first reported.

Fortescue looks at Brazilian hydrogen

Mining News Pro - The energy arm of iron-ore major Fortescue, Fortescue Future Industries (FFI) and a subsidiary of Prumo Logistica S.A, Porto do Açu Operações S.A. (Port of Açu), have signed a memorandum of understanding (MoU) to assess the opportunity to develop hydrogen-based green industrial projects in Rio de Janeiro, Brazil.

Brazil Supreme Court rejects Brumadinho victims appea

Mining News Pro - The Brazilian Supreme Federal Court (STF) denied an order against the deal signed by Vale and the government of Minas Gerais for the reparation of the socio-economic and environmental damages caused by the Brumadinho dam collapse in 2019.

Brazilian Nickel gets green light for small-scale Piauí project

Mining News Pro - Brazilian Nickel announced on Wednesday it had received an installation licence for PNP1000, the initial, small-scale production phase of its 100% owned Piauí nickel-cobalt laterite project (PNP), in Brazil’s north-east.

Brazil nickel/cobalt project advances to BFS stage

Mining News Pro - A bankable feasibility study (BFS) at the Piauí nickel project (PNP), in Brazil, is under way, privately held Brazilian Nickel has announced.

Vale and Brazil state sign $7bn deal over Brumadinho

Mining News Pro - Vale executives and members of the state of Minas Gerais, Brazil, signed on Thursday a R$ 37.6 billion ($7bn) deal for the reparation of the socio-economic and environmental damage caused by the Brumadinho dam rupture.

Vale and Brazil state reach agreement over Brumadinho

Mining News Pro - Vale has reached an agreement on a settlement for damages from the deadly Brumadinho dam disaster in January 2019, which killed 270 people.

Brazil state eyes $5.3bn Vale deal after dam burst Reuters

Mining News Pro - The Brazilian state of Minas Gerais is hoping to win at least 28 billion reais ($5.3 billion) from a compensation deal with miner Vale SA after the 2019 Brumadinho deadly dam burst, a senior state official said on Wednesday.

Brazil, Australia iron ore shipments set 2020 record

Mining News Pro - The total volume of iron ore dispatched to global destinations from Australia and Brazil was 29.7 million tonnes from December 21-27, the highest since June 2019, according to a survey from Mysteel.

Brazilian miners to tighten up tailings self-regulations

Mining News Pro - Brazilian mining regulator ANM announced that it will hold a public hearing on new guidelines to tighten safety rules and inspections of mining dams.

Brazil’s lower house to evaluate Brumadinho compensation

Mining News Pro - Brazil’s lower house has created a special commission to evaluate talks between Vale and Minas Gerais state officials over compensation for the Brumadinho tailings dam collapse.

Brazilian state affected by Vale dam burst rejects $4bn offer

Mining News Pro - The head of the Brazilian state of Minas Gerais, where Vale’s Brumadinho dam collapsed in January 2019, leaving 270 people dead, has rejected the miner’s proposed settlement of around 21 billion reais ($3.97bn).

Brazil to export uranium, if mine proceeds

Mining News Pro - A mining project seen as a priority by the Brazilian government would turn the nation into a uranium exporter and reduce its fertilizer import needs if it proceeds.

UK court blocks lawsuit against BHP over Brazil dam burst

Mining News Pro - The High Court of Manchester, northwestern England, blocked on Monday a £5 billion ($6.6bn) lawsuit against BHP over a devastating dam collapse at an iron ore mine in Brazil in 2015, which killed 19 people and became the worst environmental disaster in the country’s history.

Brazil prosecutors accuse BHP, Vale of colluding to reduce payouts to disaster victims

Mining News Pro - Brazilian federal prosecutors have accused mining giants BHP and Vale of colluding with a lawyer to reduce compensation for victims of a fatal dam collapse and interfere with a landmark lawsuit against BHP in the UK.

Ex-gold miner joins billionaire ranks following Brazil’s biggest IPO

Mining News Pro - Ilson Mateus, founder of Grupo Mateus SA, became the latest Brazilian to join the ranks of the world’s wealthiest after his food retailing chain went public in the country’s biggest IPO this year.

Brazilian niobium miner CBMM eyes European car market

Mining News Pro - Brazil niobium miner Companhia Brasileira de Metalurgia e Mineração (CBMM) has inked a deal with British high-performance luxury carmaker Briggs Automotive Company (BAC) to supply niobium for the production of ultra-light, high-speed cars.

Iron ore exports from Brazil hit highest level since 2015

Mining News Pro - Brazilian iron ore exports increased 18.5% in September compared to the same period last year, to 37.86 million tonnes, after Vale increased the pace of production.

Brazil seeks to re-open $27bn lawsuit against BHP

Mining News Pro - Brazilian federal and state prosecutors have asked a court to re-open a multi-billion-dollar civil action lawsuit against miners Samarco, Vale SA and BHP for damages caused by the Fundao dam burst in 2015, authorities said on Thursday.

Fitch upgrades Brazil`s miner Vale, estimates $2bn in dividends

Mining News Pro - Fitch has upgraded the credit rating of Brazilian miner Vale, saying the iron ore producer has lowered its chances of default after improving dam safety since a deadly disaster in 2019, the rating agency said in a note on Tuesday.

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