Samarco to add revenue, hit output goal sooner after Vale deal
The miner expects to reach total production of 25.7-million tonnes of iron ore pellets in 2030, a year earlier than previously projected.
The miner expects to reach total production of 25.7-million tonnes of iron ore pellets in 2030, a year earlier than previously projected.
Billionaire claims the Brazilian mining giant was well aware of allegations that the Guinean mining rights it agreed to buy had been secured illegally.
More than a decade after Vale agreed to pay Steinmetz $2.5 billion for a chunk of the world’s biggest iron-ore deposit, the pair are about to lock horns in a London court.
The amount does not include the figure the company will spend on individual compensations, which are being negotiated.
Prosecutors said Vale would have 10 days to present a report informing what action it would take.
Last week’s rains showed tailings remain the Achilles heel of the Rio de Janeiro-based producer.
The weather-triggered stoppages affected production of about 1.5 million tonnes of iron ore.
A potential partnership could leverage Anglo's existing logistics infrastructure in the region, Vale says.
Key moves in the mining sector.
Vale is considering acquiring a stake in Anglo American’s huge Minas-Rio project.