Analysts say Vale execs optimistic about recovery of output at Brucutu mine
Brazil's Vale, which needs court approval to resume production at its Brucutu mine after a deadly dam collapse, told analysts it expects to do so soon.
Brazil's Vale, which needs court approval to resume production at its Brucutu mine after a deadly dam collapse, told analysts it expects to do so soon.
Of all the mining-town booms spawned by China’s insatiable appetite for minerals, few were as epic as that of Australia’s Port Hedland.
All of the tailing dams are located in the Brazilian state of Minas Gerais.
Brazilian mining giant Vale SA said on Wednesday it had created the new role of executive director for safety and operational excellence.
Billionaire Beny Steinmetz’s mining company has sought bankruptcy protection in the US, two months after losing a $2 billion arbitration award to Brazilian mining giant Vale.
Vale said the Sul Superior dam, located just 1.5 km from the mine, remains intact and that it continues to be monitored 24/7 via radar, drones and a robotic station capable of detecting the slightest movements.
Vale said risk of a new dam break as a consequence of an unstable embankment at Gongo Soco open pit, in the southeastern state of Minas Gerais, are now minimal.
The world's top iron ore miner has named Marcelo Spinelli as its new head of coal and ferrous metals.
The Minas Gerais environment secretary estimated this week that the dam had a 10-15% chance of collapsing.
State-controlled China Communications Construction Co and iron ore miner Vale SA have agreed to set up a steel mill in Brazil's northern state of Pará with a $450 million investment.