Vale to pay $2.5bn to settle liabilities in Mozambique mine corridor
With the payment, Vale said it will have fulfilled all the conditions for completion of its purchase of Mitsui's stake in the Moatize mine.
With the payment, Vale said it will have fulfilled all the conditions for completion of its purchase of Mitsui's stake in the Moatize mine.
Company has interrupted production at its Timbopeba mine and part of its Alegria mine after prosecutors ordered the evacuation of an area around the nearby Xingu dam.
The Serrote copper-gold development will produce 22,000 tonnes per year copper-equivalent over an initial 14-year mine life.
This is the first time USW 6500 workers have been on the picketline since a year-long strike ended in July 2010.
Marathon has also concluded a MOU with the Miawpukek First Nation relating to the Environmental Assessment and development of the gold project.
The ship, a VLOC, or very-large ore carrier, will also be the largest ever to be outfitted by the rotating sails.
The mining giants are joining forces in the Charge On Innovation Challenge to attract innovators to develop new concepts for large-scale haul truck electrification systems.
The group includes the former chief executive officer of state-controlled oil company Petrobras, Roberto Castello Branco.
Companhia Portuária Baía de Sepetiba, Vale's port subsidiary, was fined $430,348 after an inspection.
The move could help the nickel and iron ore giant take advantage of an increasing demand from electric car manufacturers.