Bank Of America: Oil demand growth to hit zero within a decade
By 2030, oil demand could hit a peak and then enter decline.
By 2030, oil demand could hit a peak and then enter decline.
Analysts believe the price surge lines up with the market halting up to 40 million metric tonnes of Vale’s iron ore production.
Year after year, Roundup strives to offer a space for industry leaders to come together in the sharing of ideas and perspectives to build long lasting relationships for mutual success.
"Downtime is a billion-dollar problem for the industry as unplanned outages can cause the industry to lose up to 10% of production time a year”
Vale SA was made aware of problems with sensors designed to monitor the structure of a dam that ended up bursting, 2 days before the disaster.
Plant previously served as the CEO of auto parts maker TRW Automotive from 2003 to 2015.
Creditors rejected Samarco’s offer to treat the injections as senior or pari-passu debt.
The cut in output forced Vale to declare force majeure in iron ore and pellets contracts on Tuesday.
Vale has come under intense public pressure since the Jan. 25 dam burst, with some politicians and prosecutors calling for criminal prosecution and a management shakeup.
"The law allows 100 percent ownership...and you can apply for exploration or mining licenses."