Vale to suspend disposal from Brucutu mine at Laranjeiras dam, lowers production outlook
The measure will reduce Brucutu's iron ore output by 1.5 million tonnes a month.
Two members of Vale’s board step down in connection to deadly dam disaster
The two executives are Marcio Hamilton Ferreira, chair of the finance committee, and Marcelo Augusto Dutra, who leads the compliance committee.
Oz Minerals to kick off construction at $35 million mine in Brazil after series of Vale deals
Pedra Branca underground mine is expected to have an annual production of about 18,000 tonnes of copper and 11,000 ounces of gold over an eight-year mine life.
Vale to shutter Mozambique coal operations for 3 months
The move could have severe implications for the country’s balance of payments and currency, as coal is by far its biggest source of export earnings.
Vale sees $1.6 billion impairment charge for Q4 in New Caledonia write down
Vale said its annual assets review of its base metals and coal business is still underway and further impairments charges that would also impact fiscal year 2019 cannot be ruled out.
Indonesia state miner to acquire 20% stake in Vale Indonesia
Under Indonesian mining rules, foreign controlled miners are required to reduce their ownership to 49% or below within 10 years of starting operations.
Vale returns looking for low-cost debt after Brumadinho tragedy
Vale is on course to end 2019 with roughly $18 billion in adjusted Ebitda.
Marathon Gold releases infill results from Valentine
Highlights include 5.08 g/t gold over 18 metres, 4.24 g/t gold over 21 metres and 15.88 g/t gold over 6 metres.
SEC opens preliminary probe of Vale over dam tragedy
The US regulator decided to proceed with the probe of the company last week after a meeting with Brazilian prosecutors.
Vale outlook cut implies at least 14.7% sales drop in 2019
The outlook change is due to "greater visibility on sales expected for the fourth quarter."
