Vale adopts home office measures amid coronavirus pandemic

Chinese backers are now behind one-third of all Peru’s new mining investments by value.

There’s a death match among iron ore producers, with the big Australian miners and Brazil's Vale increasing pressure on their high-cost Chinese rivals.

Capital raising for exploration up more than 32%.

Michael Fowler, senior mining analyst with Toronto-based Loewen, Ondaatje & McCutcheon, says majors need development-stage companies with high-grade, near-term production assets

Gold assets among favourites.

The news comes only a day after MMX announced it was temporarily halting operations at its only producing mine.

The project is considered vital for Vale as the miner has been losing market share to Rio Tinto and BHP Biliton.

Jean-Paul Luksic, who was appointed in 2004, will now take a non-executive role with effect from Sep. 1st.

Increased output from its mines in Peru and Argentina also helped the company slash first-half interim loss.