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.
The Brazilian Government has elected to impose a ban on all upstream tailings dams in light of Vale’s tailings dam disaster in January that killed at least 169 people.
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.
Iron ore prices have been bolstered by the threat of supply disruptions caused by last week’s tailings dam disaster in Brazil.
A dam disaster in Brazil that left 60 people dead and over 300 missing last Friday has cast a new light on the safety record of iron ore major Vale.
The board of Stanmore Coal has turned down Golden Investments’ $240 million takeover bid, calling it “inadequate”.
Fitzroy Australia Resources’ Ironbark No. 1 coking coal mine has received approval from the Queensland State Government in a move that will deliver 350 local jobs to the project.
Brazilian prosecutors in the state of Minas Gerais have released a statement detailing final compensation payments with Vale and BHP over the 2015 Samarco dam disaster.
BHP will commit $US211 million in financial support to the non-profit body set up for the purposes of restoration and remediation of the 2015 Samarco mine dam collapse.
BHP, Vale and their joint-owned subsidiary Samarco have reached a compensatory agreement with the Brazilian Government over the 2015 Bento Rodrigues dam disaster.
BHP, with joint venture partners Vale and Samarco, has been granted an additional 66 days to negotiate a settlement over the dam collapse at the Brazilian iron ore operations in 2015.
Avanco has agreed to a deal with Brazilian major Vale to purchase 100 per cent of its Pantera copper project in Brazil, in an acquisition expected to cost anywhere between $25 to $44 million.