Category: Iron Ore

Vale says court halts Brucutu iron mining operations

Brasilia – Brazilian miner Vale SA said on Monday that a court had ordered it to halt operations at its Brucutu iron ore mining complex, reversing a lower court decision that had allowed the mines activities to resume. Vale, which...

/ May 7, 2019

Brazil's Vale asks court for inspection firm documents on burst dam

Brazilian miner Vale SA , the world’s biggest iron ore producer, has taken legal action to force a German inspection firm to provide documents on its services for the Brumadinho dam that could help to establish who was responsible for...

/ May 3, 2019

GFG to spend up to A$100m on Australian copper, iron ore developer

Privately held industrial conglomerate GFG Alliance said on Wednesday it would spend up to A$100 million ($70.5 million) to get a controlling interest in a copper and iron ore developer to provide materials for its Australian copper and steel business....

/ May 2, 2019

Vale shareholders push to loosen company control over board elections

Minority shareholders of Brazilian iron ore miner Vale SA have enough votes to request that board members be elected independently using a cumulative voting system and not in a single vote approving all names proposed by controlling shareholders, the company...

/ April 30, 2019

UK regulator drops big companies from responsible-payment list

Some of the U.K.’s biggest companies were dropped from the government’s list of responsible small-business customers on Monday, a decision that could undermine their ability to win state contracts. Five firms were removed from the Prompt Payment Code, an initiative...

/ April 30, 2019

BHP cuts FY iron ore production guidance as cyclone hits output

BHP Group, the world’s biggest miner, on Wednesday cut its annual iron ore production forecast on disruptions caused by a tropical cyclone which pushed its quarterly output of the steel-making material 5 percent lower. The Anglo-Australian miner lowered projections for...

/ April 28, 2019

Mick Davis a step closer to mining iron ore in Guinea with Liberia deal

Niron Metals, an investment vehicle co-founded and headed by the former Xstrata boss Mick Davis, has signed an MOU with Liberia which will allow Niron to use a rail and port to export iron ore from Guinea’s Zogota deposit, previously owned...

/ April 28, 2019

Nerves of steel are needed if iron rally is over: taking stock

The Stoxx Europe 600 is still stuck in a tight range as the earnings season is getting into full swing. The first results have been generally ok so far, albeit with a low bar. Looking at sector performances, the mining...

/ April 27, 2019

Congo Republic ships first iron ore ahead of expected production boom

Congo Republic shipped its first iron ore exports on Friday ahead of an expected boom in production from mines owned by Congolese billionaire Paul Obambi’s Sapro SA and Swiss commodities giant Glencore. Sapro mined the oil-dependent Central African country’s first...

/ April 27, 2019

Brazilian miner Vale files $2B lawsuit over Guinea project

Brazilian miner Vale SA said on Wednesday it has filed a lawsuit in the United States to force BSG Resources Ltd (BSGR) to pay it about $1.25 billion, as mandated by an arbitrator in a dispute over a joint venture...

/ April 26, 2019

Top miners back autonomous systems guidelines

BHP, Barrick Gold, Teck Resources and Antofagasta are a few of the major mining companies that, together with equipment suppliers and universities, have helped develop global guidelines on automation. The document, published this week by Canada-based Global Mining Guidelines Group...

/ April 25, 2019

Brazil government kickstarts efforts to mine indigenous reserves: official

Brazil’s government wants to enact rules that allow mining in indigenous reserves which occupy 13 percent of the country’s territory and hopes it can get Congress to reconsider a decades-old proposal to do so, a Mines and Energy Ministry official...

/ March 14, 2019