Five Vale staff and contractors arrested after Brazil dam disaster

"Growing resource nationalism in many parts of the world makes Europe more attractive from a political risk point of view."

The rise of steel through the ages.

Indian company pulls out of Rio Tinto iron-ore bid.

Outlook for rest of the year and next also brighter.

"President Condé was the real villain in this story, Steinmetz said. His loathing for Condé was so palpable that, whenever he mentioned him, the tendons in his neck stood out."

Most obvious measures include abandoning non-essential exploration work, postponing hires and focusing on core-business operations.

The world’s largest miner is fast-tracking the modernization of its Pilbara iron ore division.

Goldman Sachs Group Inc., Morgan Stanley and UBS AG are said to be in charge of luring investors.

So far the world's largest mining company has not laid off anyone from its iron ore workforce.