Internal probe confirms Vale knew Brumadinho dam was unsafe

The world’s largest iron ore producer continued to flood the market despite a current oversupply that has sent prices for the commodity plummeting to historic lows.

Seaborne with 62% content delivered to Qingdao dropped 0.7% to $51.76 a ton, its sharpest drop in two weeks.

The world's No.1 miner will continue boosting its iron ore output, adding to a global glut and keeping pressure on prices.

Not a typical cycle.

This would be second multi-billion dollar impairment charge Anglo takes this year on its coal and iron ore assets.

The Arkyd 3 Reflight (A3R) will spent its three-month orbiting mission sending back data to a group of scientists based at the firm’s headquarters in Redmond, WA.

The price of iron ore is holding above $50 for now, but a contraction in Chinese steel output will see producers increasingly fight for market share.

It would be the first time since 2009 that Anglo has to cut dividends.

With this impairment BHP will have written down its oil and gas business by more than $4 billion since 2011.