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.

Vale's Mangaratiba iron-ore terminal shut down

Mining News Pro - A Vale iron-ore terminal in Mangaratiba in the state of Rio de Janeiro has been closed because of potential environmental problems, according to a statement issued by Brazilian authorities.

Vale buys Mitsui’s stake in Moatize amid plan to exit coal

معدن نیوز -Vale SA has inked a deal to acquire Mitsui & Co’s stake in the Moatize metallurgical and thermal coal mine and port project in Mozambique, as the Brazilian miner works to exit the fossil fuel and become carbon neutral by 2050.

Vale output misses estimates in another boost to iron-ore rally

Mining News Pro - The world’s second-largest producer of iron-ore just gave another boost to rallying prices of the steelmaking ingredient at a time of strong Chinese demand.

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.

Steinmetz loses latest battle against Vale over Simandou

Mining News Pro - Billionaire Beny Steinmetz, the founder and owner of a company embroiled in a long-drawn-out dispute with Vale (NYSE: VALE) over lost rights to the Simandou iron ore project in Guinea, has lost his latest battle against the Brazilian miner.

Top nickel miner Vale turns page on 14-year New Caledonia foray

Mining News Pro - Vale, the biggest producer of mined nickel, closed a deal to divest its underperforming New Caledonian mine to a group that includes the operation’s managers and workers.

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.

New Caledonia agrees to Vale nickel mine sale, Tesla to be partner

Mining News Pro - Political leaders in New Caledonia have agreed new terms for the sale of Vale’s nickel business, including a majority stakeholding for local interests, seeking to resolve unrest over the planned sale.

Vale bullish on metal prices, seeks to accelerate copper projects

Mining News Pro - Executives at Brazil`s Vale, the world`s second largest iron-ore producer, said premiums for the commodity were at a "unique moment" and that they were also confident regarding the trajectory of copper in 2021.

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.

Iron ore price surges on Vale’s 2021 production outlook

Mining News Pro - Iron ore prices jumped on Thursday after Vale reported 4Q20 output of 84.5 million tonnes, a 5% decline from the third quarter (88.6 million tonnes).

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.

Vale extends settlement talks over mining disaster for 15 days

Mining News Pro - Brazilian iron-ore miner Vale said on Friday that it had extended talks with the Minas Gerais state government for 15 days.

BHP and Vale’s Samarco hit with nearly $ 1 billion suit

Mining News Pro - BHP and Vale’s beleaguered Samarco joint venture in Brazil has been hit with an almost $1 billion lawsuit from noteholders who accuse the company of ignoring their requests to restructure their debt.

BHP and Vale’s Samarco hit with $900 million suit

Mining News Pro - BHP and Vale’s beleaguered Samarco joint venture in Brazil has been hit with an almost $900 million (about A$1.16 billion) lawsuit from noteholders who accuse the company of ignoring their requests to restructure their debt.

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.

Vale negotiating funds for state in Brumadinho disaster

Mining News Pro - Iron ore miner Vale (NYSE: VALE) and the government of Brazil’s Minas Gerais state are negotiating an agreement to settle damage claims stemming from the 2019 Brumadinho dam disaster involving the injection of billions of reais into funds to be managed by the state government.

Wollongong Coal gets green light for Russell Vale expansion

Mining News Pro - Wollongong Coal has received the green light to complete a major mine expansion at its Russell Vale coal operation in New South Wales.

Vale reduces 2020 iron ore output forecast

Mining News Pro - Vale announced on Wednesday it expects to produce 300-305 million tonnes of iron ore this year, missing a previously lowered 2020 target of at least 310 million tonnes.

Vale to resume Serra Leste expansion

Mining News Pro - Brazilian diversified major Vale has marked another step on its path to return production to 400-million tonnes a year, announcing on Friday that it had received the green light for the resumption and expansion of its Serra Leste operations.

Vale gets green light for Serra Leste expansion

Mining News Pro - Vale has received approval from environmental authorities in the northern state of Pará, Brazil, to resume expansion activities at its Serra Leste mine.

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