Vale Indonesia signs $2 billion nickel project deal with Shandong Xinhai, Baowu
The Bahodopi project would produce ferronickel with 73,000 tonnes to 80,000 tonnes of nickel content per year.
The Bahodopi project would produce ferronickel with 73,000 tonnes to 80,000 tonnes of nickel content per year.
The collapse of a dam at the Samarco mine complex in 2015 killed 19 people and severely polluted the Doce River with mining waste.
Valentine is considered the largest undeveloped gold project in Atlantic Canada.
Apollo is one of eight porphyry-related targets the company has found within a 3-km by 4-km cluster, and is part of the Guayabales project.
Brazil's comptroller general decided the miner failed to present reliable information on the conditions of the tailings dam prior to the 2019 disaster.
Vale cited slower regulatory approvals in reducing its 2022 iron ore production outlook.
Adjusted earnings before items came in at $5.25 billion in the second quarter, the Rio de Janeiro-based company reported Thursday.
The company's plan to turn around its copper and nickel-mining unit is taking longer than expected.
One of the world's largest miners, now expects iron ore output for the year to be between 310 Mt and 320 Mt, from a previous estimate of 320-335 Mt.
Nickel miner reported 12,567 tonnes of nickel matte output for the April-June period, down 16.5% from the same period last year.