BHP, Vale throw cash lifeline to their halted Samarco iron ore mine
Hefty new loans come as the Brazilian joint venture assesses whether it can reopen the iron ore mine where a dam disaster killed 19 people last year.
Hefty new loans come as the Brazilian joint venture assesses whether it can reopen the iron ore mine where a dam disaster killed 19 people last year.
Energy and Minerals chief executive Alan Davies said he would take the mining giant to court over his dismissal, adding there were “no grounds” for his termination.
If prices for the commodities it mines continue to pick up, the firm must cancel plans to sell some of its best assets.
Most of the division’s assets will be acquired by Mosaic, the world’s largest producer of phosphate fertilizer.
Brazil's suspended iron ore producer Samarco misses another payment on its $3.8 billion debt as it struggles to stay afloat following deadly dam burst.
Oceanus Resources Corporation reports additional assay results from the ongoing diamond drilling program on its 100% owned El Tigre Property in Sonora, Mexico.
Long-rumoured deal with US Mosaic to buy Brazilian unit worth up to $3 billion goes quiet.
The world's largest iron ore exporter will be able to haul S11D's output to the Port of Ponta da Madeira in Sao Luis.
S11D is the most recognized four letter word in the iron ore world.
Impact on iron ore price uncertain as China's sovereign wealth fund leads investor group to secure portion of Brazilian giant's output for the next 30 years.