Vale ordered to set aside US$1.5B for damages from tailings dam disaster
A judge in the Brazilian state of Minas Gerais has partially granted an injunction sought by prosecutors by ordering Vale (NYSE: VALE) to set aside…
Iron Ore
Fortescue Metals ups stake in Candente Copper
Australian iron ore major Fortescue Metals Group (ASX: FMG) has invested $1.38 million (US$984,000) in Candente Copper (TSX: DNT), increasing its stake in the Canadian…
Top investors face-off over Rio Tinto’s emissions cuts
Rio Tinto’s (NYSE: RIO; LSE: RIO) top investors are set to face off at the company’s upcoming annual meeting, with only some of them in…
Commentary: Digging deeper into carbon performance in the mining sector
In the coming decades, the ability to combine massively reduced greenhouse gas emissions with wider business goals will be the hallmark of successful mining companies….
US markets fall, April 27-May 1: Vale, Barrick
The Dow Jones Industrial Average fell 0.22%, or 51.58 points, to 23,723.69, and the S&P 500 dropped 0.21%, or 6.03 points, to finish the trading…
COVID-19 disrupts US$6.9B of global mining output, S&P Global says
COVID-19 has impacted the mining industry across the globe as governments enforce lockdowns and quarantines and companies halt operations because workers and contractors can’t get…
Emissions to drop 6% this year due to pandemic: WMO
Greenhouse emissions are expected to fall by 6% this year due to a global slowdown caused by the COVID-19 pandemic, the World Meteorological Organization (WMO)…
Vale cuts production guidance again
Brazil’s Vale (NYSE: VALE), the world’s top iron ore producer, has once again lowered its production forecast for 2020 due to a mix of factors…
Rio Tinto lowers copper target; flags issues at Oyu Tolgoi
Rio Tinto (NYSE: RIO; LSE: RIO) signalled on Friday a recovery in China’s economy, as it reported improved shipments of iron ore to the country,…
S&P Global lowers GDP, metals price forecasts
S&P Global Ratings has cut its global GDP growth forecast for 2020 to 0.4%. Earlier this month, it lowered its GDP growth forecast for China…
Brazil shuts 47 mining dams deemed unsafe
Brazil has ordered the immediate closure of 47 mining dams that failed to certify their stability, with more than half of them belonging to Vale…
TSX falls 14%, March 16-20: Kirkland Lake, Teck, Altius Minerals
The S&P/TSX Composite Index plunged 13.59% (1,864.5 points) to finish the March 16-20 trading week at 11,851.80. The S&P/TSX Global Mining Index fell 3.42% to…