US markets fall, June 22-26
A surge in coronavirus cases in parts of the United States undermined market sentiment. The Dow Jones Industrial Average fell 3.31% to 25,015.55 and the…
Vale
Vale to resume operations at Voisey’s Bay
Vale (NYSE: VALE), the world’s top producer of nickel and iron ore, is fine-tuning details to reopen its Voisey’s Bay open pit nickel mine and…
Fortescue Metals targets zero emissions by 2040
Fortescue Metals Group (ASX: FMG), the world’s fourth largest iron ore producer, has brought forward a self-imposed deadline to be carbon-neutral by 2040, ten years…
Vale raises emergency alert level at inactive tailings dams
Brazilian mining giant Vale (NYSE: VALE) has issued a level one emergency alert for three inactive tailings dams in the country’s southeastern state of Minas…
US markets advance, May 25-May 29: Vale, Cleveland Cliffs, Fortuna Silver, Barrick
The Dow Jones Industrial Average rose 3.75% to 25,383.11, and the S&P 500 increased 3.01% to 3,044.31. Spot gold fell US$4.00 per oz., or 0.23%,…
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…
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…
Vale takes offers for New Caledonia nickel assets
Vale (NYSE: VALE), the world’s top producer of nickel and iron ore, has received non-binding offers for its operations on the Pacific island of New…
Extended lockdowns hit copper production
Peruvian copper mine Antamina, owned by BHP (NYSE: BHP; LSE: BHP) and Glencore (LSE: GLEN), has reported 210 positive cases of coronavirus and said the…
Miners’ response to Brazil dam disaster still weak: report
More than a year after the tailings disaster at Vale’s (NYSE: VALE) Brazil Córrego do Feijão iron ore mine killed 270 people, the mining industry…
Editorial: Sinking in a sea of red
The economic fallout from COVID-19 is mounting sharply. Last week, unemployment claims in the United States hit a record 6.6 million, up from 3.3 million…
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…