Vale targets 400m tonnes of iron ore capacity per year
The company currently has the capacity to produce 318 million tonnes a year.
The company currently has the capacity to produce 318 million tonnes a year.
The company has released assays for 13 drill holes completed within the 6-km long Sprite corridor at its gold project in Newfoundland.
Australian zinc producer New Century Resources will not make an offer for a 95% stake in Vale Nouvelle Calédonie (VNC).
The company said it was an important milestone towards digitalization of sales.
Federal prosecutors in Brazil accuse executives of disregarding safety methods in the aftermath of two deadly mining disasters.
According to the company, the procedures will not impact iron ore production this year.
Federal prosecutors are also seeking $5 billion in collective "moral and social" damages.
The Brazilian miner is producing high-grade iron ore fines for pelletizing at its new three-million-tonnes-a-year grinding hub in China's Zhoushan.
The highlight intercepts include 47 metres of 2.96 g/t gold starting at 166 metres.
The world’s top iron ore producer has received board approval for a long-sought expansion of the already giant S11D mine.