Vale hires banks to sell coal assets in Mozambique

The deal confirms the company’s tenure of ~45,000 hectares of mining leases that cover the Olaroz – Cauchari Lithium Brine Project and the Paso Lithium Brine Project.

According to the market research firm, a possible victory by leftist Andrés Manuel López Obrador poses “minimal downside risks to an otherwise strong outlook” for the country's mining industry.

The Vancouver-based company fell the most in nearly two years Wednesday.

Copper ‘might be the easiest asset to work with:’ Lukas Lundin.

Samarco Mineracao – a Vale-BHP joint venture – ceased operations in November 2015 following a deadly tailings dam burst.

Vale said in a securities filing that net income totaled $771 million, compared with an average consensus estimate of $2.537 billion.

Prices for lithium have more than doubled in the past two years on forecasts for massive demand from the electric vehicle industry.

The Mexico-focused precious metals miner expects cost inflation this year to be about 7%, compared with the 6.4% it faced in 2017.

Very few of the 150 companies who expressed interest in investing in the Mining Arc actually presented concrete offers.