Vale

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.

The mining industry has responded to demand by investors to increase the disclosure of information regarding tailings storage facilities (TSFs).

BHP has established a new ‘tailings taskforce’ as part of its increased focus on the risk management of tailings in the wake of the Brumadinho disaster.

Seaborne iron ore is expected to fall into a larger deficit this year as a result of disruptions at Vale SA’s operations, according to S&P Global.

Stay on top of the most read articles on the Australian Mining website over the past week, including the ongoing rise of iron ore prices in 2019.

Prices for iron ore have reached a five-year high driven by higher steel production in China and speculation of another dam collapse at a Vale mine in Brazil.

Vale has warned of the possible dam collapse at the Gongo Soco mine in Barão de Cocais, Minas Gerais, 65 kilometres away from the site of the Brumadiho dam failure.

Brazilian mining giant Vale has reported a US$1.6 billion loss ($2.3 billion) in the March quarter after the Brumadinho dam disaster led to disruptions to its supply of iron ore.

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.

Australian iron ore stocks have responded strongly following news that Brazilian courts have again stopped operations at Vale’s Brucutu mine.

A Responsible Mining Index (RMI) report detailing the work practices of 30 leading mining companies suggests there is room for improvement when addressing gender balance in the workforce.

BHP has held its position as the world’s most valuable and strongest mining brand on the Brand Finance Mining, Iron & Steel 25 league table.

Brazilian iron ore miner Vale has been granted governmental permission to reopen the Brucutu iron ore mine in the state of Minas Gerais, Brazil.

Australia’s resource export values are expected to hit $278 billion in 2018–2019, a “sizeable upward revision” due to an improved outlook for iron ore, according to forecasts by chief economist Mark Cully.

Rio Tinto made it to Boston Consulting Group’s annual list of the 50 most innovative companies worldwide for its use of artificial intelligence and platforms.

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.

The International Council on Mining and Metals (ICMM) will develop an international standard for tailings facilities for its member companies, of which include BHP and Vale. 

Anglo American produced 10 per cent more copper last year than in 2012 with just half the number of assets, the company revealed in its annual report.

Rio Tinto plans to strengthen how its global portfolio of tailings dams is managed in the wake of Vale’s latest disaster in Brazil.