MINING.COM

Iron ore ‘disconnected from fundamentals’ after huge rally

The commodity’s rally has been so strong it’s triggering warnings that the gains have taken the market beyond fundamental drivers and prices are likely set for a pullback.

Bloomberg News | July 4, 2019 | 10:48 am

Brazil mining trade group slams Senate royalty proposals

The Senate panel asked for implementation of a 40% royalty charge on high-yield mines and recommended the indictment of several Vale executives.

Reuters | July 3, 2019 | 4:01 pm

Vale CFO should face criminal indictment for dam, panel says

Vale’s attempt to reduce costs resulted in heightened tolerance for risks, according to the report.

Bloomberg News | July 2, 2019 | 2:42 pm

Alcoa’s workers accept offer, ‘exhausted’ from 18-month dispute

Alcoa last week said it expects the smelter to be fully operational within 10 months if the offer was accepted.

Bloomberg News | July 2, 2019 | 1:06 pm

Australia predicts 50% drop in iron ore price by 2021

Iron ore price sets fresh 5-and-a-half year high Tuesday, but the good times won't last, says the Australian government's chief economist.

Frik Els | July 2, 2019 | 12:58 pm

BHP settles dispute over iron ore royalties with Western Australia in $175m deal

Payment ends row over taxes allegedly owed by iron sales made through BHP’s Singaporean marketing arm.

Cecilia Jamasmie | June 28, 2019 | 6:26 am

Vale’s stock looks ‘screamingly cheap’ to Rio-based fund

Analysts who met with Vale’s executives earlier this month believe that dividends are likely to be reinstated in 2020.

Bloomberg News | June 27, 2019 | 1:39 pm

Vale to invest $469m in dam safety measures

The spending measures will be in addition to the $4.5 billion the miner has already provisioned for costs related to the dam burst.

Reuters | June 26, 2019 | 9:26 am

Iron ore, gold rush push South Africa’s miners to 11-year high

South African mining stocks haven’t had it this good since 2008.

Bloomberg News | June 25, 2019 | 10:03 am

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Heavy rains force miners to halt operations in southeast Brazil

French-owned mine in Brazil ordered to stop operating after dike overflow

Peru sees 60% increase in mining tax revenues

Rains overflow dike at French-owned mine in Brazil, highway cut

Iron ore price extends gains on China demand hopes

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