Vale’s second-quarter buoyed by iron ore prices, hit by provisions
Vale reported a Q2 net income of $7.586 billion, up over 600% from the same period a year ago, but slightly below the Refinitiv consensus estimate of $7.67 billion.
Vale output disappoints in fresh blow to tight iron market
The company churned out 75.7 million tonnes in the second quarter compared with the 78 million tonnes average estimate among analysts tracked by Bloomberg.
Vale reviews copper, nickel guidance amid labor, climate issues
Brazilian miner Vale said on Monday that it had produced 75.7 million tonnes of iron ore in the second quarter, with output of 41,500 tonnes of nickel.
Vale Indonesia Q2 nickel matte production falls sharply due to maintenance
Nickel matte output stood at 15,048 tonnes, down from 18,701 tonnes a year earlier.
Vale has decommissioned Fernandinho dam
Work is part of a program to decomission dams that used similar structures to the one in Brumadinho, a dam that burst in 2019 and killed over 200.
Vale says value of Samarco settlement not open to renegotiation
The lead prosecutor had declined to say how much more they were looking for, but referenced a benchmark of 155 billion reais.
Vale to use unmanned equipment to help shut down two dams
The equipment will be used to help shut down two upstream dams, the B3/B4 dam of the Mar Azul mine and the Sul Superior dam at the Gongo Soco mine.
Vale autonomous trucks have hauled 100Mt at Brucutu
The amount of ore transported is equivalent to the weight of 35,000 major soccer stadiums like the famous Maracanã, in Rio de Janeiro.
Vale restarts ship loader that caught fire at Ponta da Madeira port
Company is commissioning its loading activities at ship loader 6 after 5 months of maintenance.
Vale tests iron ore carrier that produces air bubbles to reduce emissions
Vale's first ore carrier equipped with air lubrication system is scheduled to arrive in Brazilian waters in August.
