Brazil reviews caves decree in potential boon for mining and energyVale sees a potential to unlock 1.6 billion tonnes of iron ore reserves if the government tweaks rules around mining in caves.Bloomberg News | October 16, 2024 | 8:12 am
Brazil’s CSN to sell up to 11% of mining unit to Japan’s ItochuThe potential transaction still depends on additional corporate and antitrust…Reuters | October 16, 2024 | 7:19 am
Vale posts highest quarterly iron ore output since 2018The company, one of the world's largest iron ore producers,…Reuters | October 15, 2024 | 3:48 pm
Brazil confirms potential $18 billion deal with miners involved in deadly dam disaster The collapse of the dam at a Samarco iron ore mine near the city of Mariana killed 19 people. Reuters | September 17, 2024 | 7:34 am
Goldman Sachs cuts Q4 iron ore price forecast by $15/t on supply glut The bank cited market oversupply even though demand from top consumers in China is stabilizing. Reuters | September 16, 2024 | 7:25 am
Vale says routine check revealed cracks in dam, stability unchanged In a securities filing, the company said the issue concerns the Forquilha III dam at the Fabrica iron ore mine. Reuters | September 14, 2024 | 4:02 pm
Focus on these stocks: Large undeveloped deposits It’s the geologists living on the edge who could offer early clues about Western Australia's position in this mining cycle. James Cooper | September 14, 2024 | 9:33 am
Nippon Steel bid for US Steel faces Sept. 23 review deadline The deal has become a political hot potato and faces high-profile opponents. Reuters | September 13, 2024 | 5:09 pm
Vitol hires Glencore, Trafigura iron ore traders in metals push The oil trader has been in talks to hire some of Glencore’s iron ore team, and some members have already quit and will be joining Vitol. Bloomberg News | September 12, 2024 | 10:46 am
Iron ore price soars to over one-week high on upbeat seasonal demand outlook Steel demand is expected to return to growth in 2025, ANZ said. Reuters | September 12, 2024 | 6:45 am
Vale sees 10% of its iron ore production coming from tailings by 2030 Last year alone, Vale generated 48.5 million tons of iron ore tailings. Reuters | September 12, 2024 | 6:39 am
Vale expects to close deal over Brazil dam collapse in October Last week, Reuters reported that Vale, BHP and their joint venture Samarco could soon reach such an agreement to pay around 100 billion reais. Reuters | September 11, 2024 | 4:35 pm