Vale expects final agreement for Mariana dam reparations in first half of year
The collapse of the dam, which belonged to Samarco, a joint venture of Vale and BHP, caused a giant mudslide that killed 19 people.
The collapse of the dam, which belonged to Samarco, a joint venture of Vale and BHP, caused a giant mudslide that killed 19 people.
One of the largest iron ore producers in the world, posted a $1.7 billion net profit for the quarter ended in March, while analysts polled by LSEG were expecting a $1.9 billion profit.
Negotiations resumed this week after the Brazilian government and states rejected the companies' $7.7 billion offer in December.
The rights issue that will facilitate the acquisition of a stake by Indonesia's state mining holding company MIND ID.
Vale's iron ore output in the first three months of the year totaled 70.84 million metric tons.
Brazil's Para state has won its appeal to overturn a previous court ruling that had reinstated the mine's operating licence.
The world's top iron ore and nickel miner said that 100% of the electricity used in its local operations last year came from green sources.
Serabi Gold noted it remains optimistic as there already are “a number of other groups keen to partner” with them.
Brazil's Para state won an appeal overturning a previous court ruling that had given back operating licences.
The transaction is required by the government to extend Vale Indonesia's operating permit beyond 2025.