Brazil court flags rupture risk at Vale’s Norte Larajeiras dam
Vale slashed output from its Brucutu mine in December to evaluate the stability of the Norte Larajeiras dam.
Vale slashed output from its Brucutu mine in December to evaluate the stability of the Norte Larajeiras dam.
Brazilian authorities said the Ilha de Guaiba terminal has been operating without a required permit
Iron ore prices jump 4% on Tuesday with $200 in sight, extending gains spurred by disappointing output figures from top two producers.
Vale is buying the 15% interest in the Mozambican mine held by Japanese trading company for a token fee of $1.
Vale’s iron ore output totaled 68 million tonnes in 1Q21, 14.2% higher than in 1Q20, but down 5.5% compared to the 72 million tonnes average analyst estimate.
The billionaire claims Vale is misleading investors by claiming local prosecutors had closed an investigation into alleged illegal practices related to Simandou.
Federal prosecutors have closed an investigation into Vale executives based on documents supplied by Steinmetz.
The securities, of which the payout is based on Vale’s dollar revenue, has more than doubled in value over the past 12 months.
Vale said it will have a supply contract with the Trafigura-led consortium to off-take part of the nickel produced there.
The initial 6,800 t/d mill option includes gravity concentration and cyanidation of the concentrates and tails.