Brazil’s Vale announces writedowns, profit after dam disaster

Tropical cyclone Christine has shut down some major ports.

New mining listings in the Toronto Stock Exchange and its junior counterpart, the TSX-V, continue to dive.

An investment fund managed by Brookfield Asset Management has purchased a quarter of Vale's stake in VLI SA for $800 million.

But exports forecasted to rise by at least 10% next year.

Quality will win out, says Levi Spry, senior resources analyst at GMP Securities Australia.

Environmentalists argue the approval will see 3 million tonnes of dredge spoil will be dumped in the Great Barrier Reef.

She needs $10 billion.

The price of iron ore slumped to a 7-week low and metallurgical coal traded at its lowest level since August on predictions of a massive spike in exports from top producer Australia.

The $10 billion project, originally expected to begin production this year, is way behind schedule.