Vale ramps up faster than thought in new blow to iron ore price bulls
Company produced more iron ore than expected last quarter amid a record haul at its newer mines in northern Brazil.
Company produced more iron ore than expected last quarter amid a record haul at its newer mines in northern Brazil.
Company produced 88.7 million tonnes of iron ore in Q3, up 31.2% from the previous quarter and up 2.3% from the same period a year before.
The world's largest listed miner said it produced 74 million tonnes (Mt) of Western Australia Iron Ore in the three months ended Sept. 30.
The mine was placed on care and maintenance in 2017 after 100 years of operations.
The world's biggest producer of nickel ore wants to build an integrated EV industry that will eventually include building the vehicles.
Energy Renaissance plans to invest $20-million to build a plant in Tomago, in the state of New South Wales, initially producing 66 MWh a year of batteries.
Gold price rally lifts Top 50 mining stocks; US grabs stake in battery metals miner; Barrick CEO calls for consolidation and warns of reserve crisis
Redwood this year will recycle more than 1 gigawatt-hours' worth of battery scrap materials, enough to power more than 10,000 Tesla cars.
MIND ID bought 14.9% stake from Vale Canada and 5.1% from Sumimoto.
Company says this was part of its global discovery strategy in greenfield and brownfield projects.