ABB commissions Clarabelle mill upgrade for Vale in Canada
First awarded in 2010, the project is the largest of several turnkey projects completed for Vale in Canada.
First awarded in 2010, the project is the largest of several turnkey projects completed for Vale in Canada.
An investment fund managed by Brookfield Asset Management has purchased a quarter of Vale's stake in VLI SA for $800 million.
Vale got $25 million for the mines, way below the $200 million it had invested on them.
Work on half of the giant Simandou concession in Guinea has been halted amid a corruption probe, but the door to a settlement between the Western African nation, Brazil's Vale and Beny Steinmetz's mining arm may be in the offing.
The joint venture with Freeport McMoran requires Freeport to fully fund the project through feasibility in exchange for a 75% interest.
Brazilian giant could end up with half of one of the world's greatest mining prizes.
Budget for 2014 is 9.2% lower than last year’s and well below the $18 billion total from 2011.
It will pay $2.6bn by the end of the month, and an additional $7bn over the next 15 years.
First time a mine has been charged in Manitoba in connection to the death of a worker.
Miner has until the end of the week to accept or reject the terms of a government’s tax amnesty proposal.