Brumadinho won’t break Vale, but the piper still hasn’t been fully paid
Vale, one of the world’s biggest producers of iron ore and nickel, has been in the news a lot lately. The Brazilian miner has been…
Vale
Vale scores multi-year nickel supply deal with Tesla
Vale (NYSE: VALE), the world’s top nickel and iron ore producer, has inked a long-term deal with Tesla (NASDAQ: TSLA) that will see the Brazilian miner supplying…
Plunging metals prices expected to rebound in H2 – report
Enduring Covid-19-linked lockdowns in the world’s largest metal consumer, China, are negatively impacting demand from end-use industries and sentiment towards the complex, resulting in lower…
U.S. regulator sues Vale for ‘false and misleading’ claims ahead of dam tragedy in 2019
The U.S. Securities and Exchange Commission (SEC) has charged Vale S.A. (NYSE: VALE) with making “false and misleading claims” about the safety of its dams…
Vale to build US$345M ‘green’ pig iron plant in Brazil
Mining giant Vale (NYSE: VALE) has signed an agreement with the government of the northern Brazilian state of Pará to build a “green” pig iron…
Vale Canada to supply low-carbon nickel for EV market
Vale (NYSE: VALE) has struck a multi-year agreement to supply Swedish lithium-ion battery manufacturer Northvolt AB with low-carbon nickel from its Long Harbour refinery in…
Update: Heavy rainfall temporarily halts Vale’s rail operations and production in Brazil
Owing to heavy rainfall in the eastern Brazilian state of Minas Gerais, Vale (NYSE: VALE) has partially suspended train service on its Estrada de Ferro…
US markets rise, Dec. 27-31
The Dow Jones Industrial Average rose 387.74 points or 1.08% to finish the trading week at 36,338.30 and the S&P 500 gained 40.39 points or…
Vale to sell Moatize coal mine to Vulcan for US$270M
Vale (NYSE: VALE) is selling its Moatize coal mine and the Nacala logistic corridor, a multibillion-dollar port and rail project in Mozambique, to Vulcan Minerals…
Vale sells 50% stake in California Steel to Nucor for US$400 million
Vale’s (NYSE: VALE) Canadian subsidiary has agreed to sell its 50% stake in California Steel Industries (CSI) to Nucor (NYSE: NUE) for US$400 million, the…
Canada Nickel expands footprint in Ontario with 13 new properties
Canada Nickel Company (TSXV: CNC) has concluded 18 separate transactions resulting in the outright acquisition or earn-in to 13 additional properties within a 95 km…
Canada’s Saskatchewan adds lithium to mining portfolio
Prairie Lithium, a private lithium resource and technology developer situated in the heart of Saskatchewan’s resource-rich Williston Basin, reached a milestone this week as it…