Vale CEO Murilo Ferreira to lead Petrobras
Vale's Murilo Ferreira has been nominated as Petrobras' next board chairman, while the company still scrambles to deal with the fallout from a vast corruption scandal.
Modular Mining Reaches 250th Customer Milestone with Vale
Modular Mining Systems, Inc., industry-leading provider of real-time mine management solutions, announced today that Vale S.A. (Vale), the world’s leading iron ore provider, has selected Modular technologies for its Pico open-pit mine site in Brazil. This agreement marks the signing of Modular’s 250th customer mine, as well as more than 20 years of partnership with Vale.
Silver Wheaton doubles gold stream at Vale mine
Silver Wheaton (NYSE:SLW, TSX:SLW) has doubled down on the gold stream it currently has in place at Vale's (NYSE:VALE) Salobo mine in Brazil.
Vale’s shares dive as miner posts quarterly loss triggered by iron ore weakness
The world’s No. 1 iron ore producer by volume posted a second consecutive quarterly loss.
Vale smashes iron ore production record
Brazil’s Vale (NYSE:VALE), the world’s largest producer of iron ore, continued to flood the market with product in 2014 despite sharply lower prices.
‘Mick the Miner’ goes after Vale’s nickel assets
The 56 year old who built Xstrata into one of the world’s biggest mining firms and then sold it to Glencore, is tipped to be on the verge of landing his first big fish.
Judge turns down Vale bid to dismiss Rio Tinto lawsuit in U.S.
The court said Vale had failed to convince him to dismiss the case in which it is accused of conspiring to steal Rio's rights for part of iron ore reserve potentially worth billions.
Vale sells stake in Mozambique coal project to Mitsui for $763m
Mitsui, which since 2003 is part of the holding group that controls Vale, is expanding partnerships with the world’s largest iron-ore miner.
Vale may settle Simandou lawsuit
Rio Tinto is suing Vale for billions over allegations the Brazilian giant and its former partner illegally acquired the West African iron ore deposit, one of the richest prizes in all of mining.
Vale to sell 15% of its $3bn Mozambique coal project to Mitsui
The miner confirmed Friday it is in talks “with a potential investor,” but did not name its counterpart.
