Vale has approved the $US1.5 billion ($2.1 billion) Serra Sul 120 project in Brazil.
Centaurus Metals has achieved positive exploration results from the Jaguar nickel sulphide project in Brazil’s Carajás mineral province – just months into acquiring the project from Vale.
Brazil’s worsening COVID-19 crisis and the reduced shipment of iron ore from the South American country have led to a surge in global iron ore prices on the back of resilient demand from China.
OZ Minerals has reported strong production results for the March quarter despite COVID-19’s impact on the resources industry.
Fitch Solutions has predicted that Australian iron ore production will experience minimal growth from 2020 to 2029, despite new mines such as the South Flank, Koodaideri and Eliwana projects coming online.
Australia’s minerals industry has committed to the safe and responsible management of tailings storage facilities through the release of the Australian Mining Tailings Communique.
Vale has sold the Jaguar Nickel Sulphide Project to Centaurus Metals in a US$7 ($10.3) million-dollar deal.
Meteoric Resources’ first drill hole at the Juruena gold project in central Brazil has intersected visible gold with a 16 metre alteration zone at the Dona Maria prospect.
Anglo American’s coal sites in Australia have helped the company achieve a 14 per cent rise in global production across its diverse operations.
Oz Minerals will look to consolidate its Brazilian copper and gold assets through its strategy of operating multiple small and mid-sized mines in each of the Carajás and Gurupi provinces.
The world’s top five mining companies are becoming more sensitive to environmental and social risks, according to a report from S&P Global.
An increase in global demand for high quality iron ore coupled with a supply shortage has some of Australia’s lesser known mining companies optimistic.
BHP has been hit with the largest damages claim in British legal history through a group action lawsuit seeking $US5 billion ($7.2 billion) over the 2015 Fundão dam collapse in Brazil.
Brazilian iron ore miner Vale has been granted governmental permission to reopen the Brucutu iron ore mine in the state of Minas Gerais, Brazil.
Vale chief executive officer Fabio Schvartsman has temporarily resigned from his role due to controversy related to the Brumadinho tailings dam disaster in Brazil in January.
OZ Minerals is well placed to execute a major company expansion in South Australia this year with the completion of construction at Carrapateena and the ramp-up of operations at Prominent Hill.
Rio Tinto plans to strengthen how its global portfolio of tailings dams is managed in the wake of Vale’s latest disaster in Brazil.
South32 has highlighted tailings safety in its latest 2019 half-year report, emphasising the company’s dam management standard.
Australian iron ore majors such as Fortescue, BHP and Rio Tinto have all seen a significant boost to their share prices while Brazilian company Vale’s has dropped significantly.
The global iron ore price is expected to temporarily rise above $US100 ($138) per tonne due to fallout from Vale’s recent tailings dam disaster in Brazil, according to Capital Economics.