Vale hits new iron ore production record
It produced 77.4 million tonnes of iron ore in the period, up 4.5% from a year earlier.
It produced 77.4 million tonnes of iron ore in the period, up 4.5% from a year earlier.
Vale's Murilo Ferreira has been nominated as Petrobras' next board chairman, while the company still scrambles to deal with the fallout from a vast corruption scandal.
Modular Mining Systems, Inc., industry-leading provider of real-time mine management solutions, announced today that Vale S.A. (Vale), the world’s leading iron ore provider, has selected Modular technologies for its Pico open-pit mine site in Brazil. This agreement marks the signing of Modular’s 250th customer mine, as well as more than 20 years of partnership with Vale.
Silver Wheaton (NYSE:SLW, TSX:SLW) has doubled down on the gold stream it currently has in place at Vale's (NYSE:VALE) Salobo mine in Brazil.
The world’s No. 1 iron ore producer by volume posted a second consecutive quarterly loss.
Brazil’s Vale (NYSE:VALE), the world’s largest producer of iron ore, continued to flood the market with product in 2014 despite sharply lower prices.
The 56 year old who built Xstrata into one of the world’s biggest mining firms and then sold it to Glencore, is tipped to be on the verge of landing his first big fish.
The court said Vale had failed to convince him to dismiss the case in which it is accused of conspiring to steal Rio's rights for part of iron ore reserve potentially worth billions.
Mitsui, which since 2003 is part of the holding group that controls Vale, is expanding partnerships with the world’s largest iron-ore miner.
Rio Tinto is suing Vale for billions over allegations the Brazilian giant and its former partner illegally acquired the West African iron ore deposit, one of the richest prizes in all of mining.