JPMorgan upgrades Vale stock on iron ore demand

Steel overproduction in China represents a potential catalyst for shares, JPMorgan said.

Staff Writer | September 1, 2023 | 8:34 am

Fortescue founder toys with reverse greenwashing

Guy Debelle resigned from the board of Fortescue’s green energy,…

Reuters | September 1, 2023 | 8:01 am

Fortescue executive rout continues as Debelle quits green unit

Earlier in the week, metals division's CEO Fiona Hick announced…

Reuters | August 31, 2023 | 5:26 pm

Vedanta lobbied to weaken environmental regulations during pandemic – report

Vedanta's oil business, Cairn India, also successfully lobbied to have…

Reuters | August 31, 2023 | 4:12 pm

Alita Resources’ administrators confirm buyout talks, start liquidation

Separately, Glencore has launched a secret deal to acquire all…

Reuters | August 31, 2023 | 1:45 pm

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

The dam elimination program has already cost the company $857 million of the $4 billion it projects to spend by 2035.

Reuters | June 21, 2022 | 2:02 pm

Samarco and creditors to go through mediation about debt restructuring

A judge scheduled a conciliation hearing between the company and its creditors on Tuesday as the parties offered competing debt restructuring plans.

Reuters | June 21, 2022 | 1:05 pm

What is Australia doing about sexual harassment in mining camps?

In submissions to the inquiry last year, top miners acknowledged that sexual harassment is rife at mining camps in Western Australia.

Reuters | June 21, 2022 | 10:29 am

BHP, Vale reject Brazil steelmaker CSN’s interest, say miner Samarco is not for sale

Brazilian steelmaker CSN hired restructuring firm RK Partners to draft a proposal to buy control of Samarco.

Reuters | June 21, 2022 | 7:47 am

Glencore unit pleads guilty to bribery in Africa

Glencore Energy admitted to paying more than $28 million in bribes to secure preferential access to oil in five countries.

Cecilia Jamasmie | June 21, 2022 | 3:48 am

Civil society group flays diamond watchdog over Russia stalemate

The United States and Britain have imposed sanctions on Russia's Alrosa, the world's largest producer of rough diamonds, which accounted for around 30% of global output last year, and is partly state-owned.

Reuters | June 20, 2022 | 4:20 pm

Brazil steelmaker CSN drafting bid for miner Samarco

An agreement may not be easy, according to Reuters sources, due to Samarco's liabilities related to its 2015 disaster in the city of Mariana.

Reuters | June 20, 2022 | 9:39 am

Vedanta selling halted copper smelter, four years later

The southern Indian state of Tamil Nadu closed it in 2018 after 13 people died when police opened fire on protesters.

Cecilia Jamasmie | June 20, 2022 | 4:01 am

Top three Aussie miners to shed $11bn in market value as commodity rout accelerates

BHP and Rio Tinto are trading at a one-month low, while Fortescue is at a three-month low.

Reuters | June 20, 2022 | 3:43 am

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