Two members of Vale’s board step down in connection to deadly dam disaster

The two executives are Marcio Hamilton Ferreira, chair of the finance committee, and Marcelo Augusto Dutra, who leads the compliance committee.

Cecilia Jamasmie | December 2, 2019 | 3:25 am

Rio spending $4 billion on iron ore pipeline amid China demand

Rio forecasts its iron ore shipments to rise as much as 5% in 2020.

Bloomberg News | November 28, 2019 | 1:23 pm

Iron ore price: World steel production shrinking

US output declines as steelmakers cope with 40% annual decline in prices as anti-dumping effects fade.

Frik Els | November 27, 2019 | 1:59 pm

BHP’s Henry signals new technology a focus in first speech

Henry said a BHP team had built an Internet of Things sensor gateway, which collects real time data from sensors on mobile and fixed equipment.

Reuters | November 27, 2019 | 8:55 am

Rio Tinto invests $749 million in Pilbara iron ore mine

The company said the project is expected to deliver internal rate of return with a capital intensity of about $25 per tonne of production capacity.

Reuters | November 26, 2019 | 4:17 pm

Vale sees $1.6 billion impairment charge for Q4 in New Caledonia write down

Vale said its annual assets review of its base metals and coal business is still underway and further impairments charges that would also impact fiscal year 2019 cannot be ruled out.

Reuters | November 26, 2019 | 3:36 pm

Vale returns looking for low-cost debt after Brumadinho tragedy

Vale is on course to end 2019 with roughly $18 billion in adjusted Ebitda.

Reuters | November 21, 2019 | 1:07 pm

‘I love you’ Goldman Sachs, Cliffs CEO says year after outburst

A year after Lourenco Goncalves raged against analysts from Goldman Sachs, the Cleveland-Cliffs Inc. chief’s acrimony has reversed 180 degrees.

Bloomberg News | November 21, 2019 | 9:29 am

SEC opens preliminary probe of Vale over dam tragedy

The US regulator decided to proceed with the probe of the company last week after a meeting with Brazilian prosecutors.

Reuters | November 19, 2019 | 12:12 pm

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Vale to pay $46m for failing to meet deadline to decommission tailings dams

Dalian iron ore down on Chinese price control

Ukraine invasion to squeeze high-quality iron market, Vale says

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