Vale was granted a preliminary environmental license for the new mine in June, but the $100 billion company has run into problems with the project before.
A new set of regulations for prospectors and mining companies working claims in Northern Ontario, Canada, which goes into effect Nov. 1, is already stirring some controversy as First Nations claim still allows claims anywhere companies want.
At the same time the 50-year-old boss of the world's number one miner also pocketed 300,000 BHP shares worth more than $10 million thanks to the company's employee share incentive scheme.
India’s Supreme Court order the state of Goa to halted all mining activities in Goa, including transportation of already mined manganese and iron ore, and sought responses of the union and state governments on an environmental group's petition.
Brazil’s mining giant Vale (NYSE: VALE) will temporarily halt operations at its São Luís and Tubarão I and II pellet plants starting October 8 and November 13 respectively.
IBM is ramping up its provision of services and equipment to the Australian resources sector as rising costs compel miners to seek to cheaper and more efficient operating methods.
Australia faces the parlous challenge of juggling trade relations with the three key East Asian economies, all of whom covet free trade agreements with the antipodean continent in order to shore up their access to resources.