Vale to spend $400 million in 2022 to remove tailings dams

Mining News Pro - Brazilian miner Vale SA expects to spend $400 million in 2022 to decommission its tailings dams, aiming to have 12 of its 30 structures eliminated by the end of the year, the company told Reuters on Tuesday.

Vale moves closer to developing nickel sulfate operation in Canada

Mining News Pro - Vale said on Thursday it had completed studies for potentially developing a nickel sulfate operation in Quebec, Canada, with annual capacity seen at 25,000 tonnes.

Vale creates $100 million venture capital arm to spur mining innovation

Mining News Pro - Vale SA, the world’s No. 2 iron ore producer and one of the biggest nickel suppliers, has created a corporate venture capital arm to back startups focused on developing game-changing innovations for mining and metals challenges.

Vale scores multi-year nickel supply deal with Tesla

Mining News Pro - Vale, the world’s top nickel and iron ore producer, has inked a long-term deal with Tesla that will see the Brazilian miner supplying the electric vehicles (EVs) icon with nickel mined in Canada.

Vale takes hit from nickel hedging amid record price spike

Mining News Pro - Vale SA renewed its nickel hedging program in 2022 to protect against huge price swings, but ended up losing out on $75 million in potential gains from the metal’s unprecedented rally.

SEC sues Vale for false claims tied to Brumadinho dam collapse

Mining News Pro - US securities regulators sued Vale SA, one of the world’s largest iron ore miners, for allegedly making false claims about safety before the January 2019 collapse of its Brumadinho dam that killed 270 people.

Vale first-quarter net profit falls 19.6%, but beats expectations

Mining News Pro - Brazilian miner Vale, one of the world’s largest producers of iron ore, reported on Wednesday its first-quarter net profit fell 19.6% to a better than expected $4.45 billion as stronger pricing offset weaker production numbers.

Vale reports decrease in Q1 iron ore output

Mining News Pro - Brazilian miner Vale SA first-quarter iron ore production fell 6.0% from the previous year, hit by heavy rainfall in January in Minas Gerais state which curbed its main production.

Tesla inks secret multi-year nickel supply deal with Vale

Mining News Pro - Electric vehicle giant Tesla is said to have secured a multi-year deal with Vale for the supply of nickel, one of the key ingredients in the batteries that power EVs.

Vale settles $630m in cases related to Brumadinho disaster

Mining News Pro - Brazilian miner Vale SA said on Monday that individual settlements related to the Brumadinho dam disaster reached over 3 billion reais ($629.92 million) so far, roughly three years after the incident.

Marathon Gold buys net profit interest royalty on Valentine project

Mining News Pro - As exploration continues on its Valentine project in central Newfoundland, Marathon Gold has purchased for cancellation the historical 7.5% net profit interest royalty covering certain mineral resource areas on the property.

Nickel price surge may have Vale reworking its base metal calculations

Mining News Pro - There’s one simple reason why Vale SA was one of the few shining lights among major Brazilian shares Monday, nickel.

After 16 years, Vale’s big nickel bet is looking like a winner

Mining News Pro - An unprecedented surge in nickel prices fueled by the war in Ukraine is turning a once-sputtering portfolio of mines into prized assets.

Vale maintains positive outlook for iron ore, nickel prices

Mining News Pro - Brazilian miner Vale SA on Thursday said it maintained “positive” expectations for the price of iron ore and nickel in the long term, two of its key products, after reporting quarterly earnings that beat analyst expectations.

Vale seeks more time to remove upstream tailing dams

Mining News Pro - Vale (NYSE: VALE) is asking regulatory bodies in Brazil to extend a deadline for removing 23 upstream tailing dams located in the state of Minas Gerais due to a “technical impossibility” to meet the current February 25 deadline.

Vale resumes operations at Totten mine in Ontario

Mining News Pro - Brazilian miner Vale SA said on Tuesday its Totten mine resumed operations and is in production ramp-up phase, following an incident last year that trapped 39 workers in the Canadian mine.

Vale disappointment keeps Rio Tinto as world’s top iron producer

Mining News Pro - Rio Tinto Group’s hold on the title of world No. 1 iron ore producer is safe — at least for another quarter.

Vale is getting back on top of the iron industry as Rio stumbles

Mining News Pro - Vale SA has closed the iron-ore production gap with its main rival Rio Tinto Group, and is even expected to report slightly higher output in the fourth quarter.

Samarco to add revenue, hit output goal sooner after Vale deal

Mining News Pro - Brazilian miner Samarco is expected to add $5.1 billion in net revenue by 2042 and bring forward its iron ore output goal after signing a 20-year production agreement with Vale SA, it said on Thursday.

Vale, other Brazil miners ramp up production as rains subside

Mining News Pro - Brazilian miners including Vale SA are resuming production in the southeastern state of Minas Gerais after halting some operations due to heavy rains that disrupted logistics and increased the risk of accidents.

Vale to sell Moatize coal mine to Vulcan for $270 million

Mining News Pro - Vale is selling its Moatize coal mine and the Nacala logistic corridor, a multi-billion dollar port and rail project in Mozambique, to Vulcan Minerals in a transaction valued at $270 million.

Vale courts Latin steel mills again as China infatuation fades

Mining News Pro - Like its iron-ore rivals, Vale has understandably been obsessed with Chinese demand over the past two decades. Now the Brazilian miner is taking a fresh look in its own backyard.

Vale’s Long Harbour nickel two-thirds less CO2 intensive than industry average

Mining News Pro - Vale’s high-quality nickel produced at its Long Harbour operation in Canada emitted about one third of the CO2 of the industry average, the Brazilian miner said in a release on Monday.

Vale receives notice from SEC ahead of potential probe

Mining News Pro - Brazilian miner Vale said on Thursday it has received a formal notice from the U.S. Securities and Exchange Commission regarding a potential probe of the company.

Nickel price shrugs off Vale Onça Puma halt after court order

Mining News Pro - Vale reported on Monday that it has once again halted operations at its Onça Puma nickel mine after the state of Pará, Brazil, obtained a court order to reinstate the suspension of the venture’s operating license.

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