QINGDAO, Sept 28 (Reuters) - Brazilian mining giant Vale said China's crude steel production was expected to remain strong despite risks of a recession in developed economies, a trend that would...
Following extensive research that began more than 35 years ago, Tecnored Desenvolvimento Tecnológico, a Vale company, in partnership with Brazil’s development bank, BNDES, and Logos Tecnocom, has started up the first pig iron demonstration plant that does not use traditional blast furnace methods, in Pindamonhangaba, São Paulo state. The innovation enables higher productivity, lower emissions of CO2 and particulate matter, the flexible use of raw materials, and a reduction of up to 30% in the cost of steel production.
The cost of borrowing for Brazil's Vale has risen to record highs relative to competitors BHP Billiton and Rio Tinto, as the Brazilian government looks to reap more in mining taxes amid surging metals prices, Bloomberg is reporting: The world’s largest iron-ore mining company’s dollar bonds due in 2019 yielded 4.22 percent, a record 152 basis points more than similar-maturity bonds from higher-rated BHP. The yield gap has swelled 61 basis points, or 0.61 percentage point, this year. The spread over Rio Tinto Group bonds reached 84 basis points yesterday after averaging 51 points in the first seven months of 2011.
Brazilian Miner Vale S.A (VALE) has planned to sell or lease its planned fleet of giant bulk carriers and is in talks with the Chinese and other ship owners on the issue. Initially, the company planned to own a fleet of 19 dry bulk freighters in order to
Brazilian mining giant Vale (VALE5.SA) is in talks with Chinese and other ship owners to sell or lease its planned fleet of giant bulk carriers, a Vale official told Reuters on Monday.
Vale SA, the world's biggest exporter of iron ore, said that it has been in talks to engage Chinese shipping companies to haul the steelmaking material to China on its very large ore carriers under long-term contracts.
Brazilian miner Vale announced a plan for processing 80Mt of iron ore waste from tailings dams in Minas Gerais state in Brazil. Studies proved that huge tones of iron ore waste has been lying for decades in eight tailings dams in the state. Recognizing production possibility from the huge potential waste, the company announced to recover 31Mt of ore.
According to the companies, discussions about a potential operation involving Vale's nitrogenous assets are ongoing but, no binding agreement has yet been reached SAO PAULO (Reuters) - Brazil's state-controlled oil giant Petrobras (PETR4.SA:
Brazilian mining giant Vale and Aquila Resources have received a nod from the Queensland government for the Eagle Downs coal project in the Bowen Basin, granting a mining lease.
The Brazilian miner said Wednesday its global coal division director, Decio Amaral, will resign from his Australia-based post on Sept 1 and return to Brazil to pursue interests outside the company Vale global coal division director Decio Amaral will