Category: Iron Ore

Vale sees 2018 iron ore prices not much lower than this year

NEW YORK, Dec 6 (Reuters) – Brazilian miner Vale’s chief executive said on Wednesday he does not expect iron ore prices to be much lower next year compared with 2017. Speaking at an investors’ event in New York, Fabio Schvartsman...

/ December 7, 2017

Mining salaries ranked for geologists, metallurgists and the C-suite

Mining has recovered and hiring is back, according to a Canadian salary survey released by Hays this week. “Demand remains high for skilled tradespeople, as well as high-potential engineers,” writes the authors of Hay’s 2018 Salary Guide. “One area we are...

/ December 2, 2017

Brazil mining code unchanged as Senate fails to vote on bill

Brazil’s Senate has not approved a temporary decree issue by President Michel Temer in July changing some sections of the current mining code, aimed at making the country’s industry more competitive and sustainable. Before opening Tuesday’s session, Brazil’s lower house of...

/ November 30, 2017

Brazilian miners up in arms as lawmakers hike iron ore, gold royalties

Mining companies operating in Brazil are warning the government the recent approval of a bill that hikes royalties for iron ore and gold may end costing the country much more than what it would potentially gain. In a vote Wednesday, Brazil’s...

/ November 24, 2017

Brazil lower house okays higher mining royalties, new regulator

BRASILIA, Nov 22 (Reuters) – Brazil’s lower house of Congress on Wednesday passed a bill that would boost royalty rates on iron ore by 75 percent – instead of doubling the rates as had been proposed – and later voted...

/ November 23, 2017

BHP, Vale get extension to settle $48 billion Samarco claim

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/ November 21, 2017

Vale says still looking to sale stake in New Caledonia nickel mine

Vale says still looking to sale stake in New Caledonia nickel mine Miner denied it had decided to postpone search for partner. Cecilia Jamasmie | Nov. 20, 2017, 9:05 AM | | Brazil’s Vale (NYSE:VALE) denied Monday it had decided...

/ November 21, 2017

Vancouver is the world's mining capital

Story developed using data from Mining Intelligence. Learn more and schedule a demo. We are calling it. Vancouver is the mining capital of the world with over 800 miners and juniors headquartered in the city. Counted are companies that are publicly-traded and...

/ November 18, 2017

Liebherr to expand presence in America’s mining sector

It’s been a good year for Switzerland-based heavy equipment maker Liebherr, with orders picking up more than 21% in the first six months of the year, driven mostly by its mining and earthmoving divisions. While sales in past years hovered...

/ November 14, 2017

Settlement in $48 billion lawsuit against BHP, Vale postponed again

A Brazilian court granted BHP Billiton and Vale an extension to November 16 to negotiate a final settlement on $47 billion in claims stemming from a deadly dam burst at their Samarco joint venture in the country two years ago....

/ November 14, 2017

Sibanye-Stillwater shuts down Cooke gold mine, about 7,000 laid off

Precious metals producer Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL) confirmed Wednesday it has axed its workforce in South Africa, retrenching or offering voluntary dismissals to 3,375 people at its loss-making Cooke gold mine. The miner, South Africa’s largest gold producer and the world’s...

/ November 13, 2017

Peru mines minister sees investment up on high prices, permits

LONDON, Nov 1 (Reuters) – Peru aims to simplify mining permits to attract new investment while high metals prices are expected to help spur $10 billion of new mining projects next year, Mining Minister Cayetana Aljovin said on Wednesday. “We...

/ November 13, 2017