Vale will take up to 10% of its output offline to decommission 10 dams similar to the one that burst on Friday in the Brazilian town of Brumadinho, killing at least 84 people with hundreds still missing. The decision to cut production was announced by Vale’s...
At least 58 people have been confirmed dead and hundreds remain missing following a tailings dam burst at a Vale iron ore mine in Brazil. The dam burst on Friday unleashed a fatal mudslide of iron ore waste at the Feijao mine in the state of...
Vale SA, the world’s top nickel producer, will acquire fellow Brazilian miner Ferrous Resources in a US$550 million deal that was confirmed by the latter firm’s controlling shareholder Icahn Enterprises LP. Iron ore-focused Ferrous will merge into a company controlled by Vale, according to a securities...
Rio Tinto has become the latest mining company to launch a large-scale iron ore replenishment drive in Western Australia, after it announced it would spend US$1.55 billion to maintain production capacity at two projects. The Anglo-Australian major and its joint venture partners Mitsui & Co and...
Vale has revealed plans to operate its Brucutu iron ore mine in Brazil with a fully autonomous fleet of vehicles next year, following a successful trial of driverless technology. The world’s largest iron ore miner conducted a US$62 million trial which involved the deployment of...
BHP has revealed it will pay out a record dividend after full-year underlying earnings jumped by 33% to US$8.9 billion in the 12 months through to June 2018. The world’s top mining company confirmed it will be raising its annual dividend by 42% in its full-year...
Rio Tinto and Vale have both posted rising iron ore shipments in their second quarter operating reports, reflecting a strong environment across the board for the sector. Anglo-Australian mining giant Rio said it enjoyed a ‘solid’ Q2, with iron ore shipments increasing by 14% year-on-year to...
BHP has approved plans to build a US$2.9 billion iron ore project in Western Australia’s Pilbara region, in a move which will add to a growing construction boom in the state. The South Flank iron ore project will replace a depleting mine in the region rather...
Gina Rinehart’s Redstone Corporation has reportedly purchased a significant stake in junior miner Atlas Iron, following in the footsteps of Andrew Forrest’s Fortescue Metals Group (FMG), which made a similar move last week. Redstone, a subsidiary of Rinehart's unlisted firm Hancock Prospecting, has taken a stake...
Fortescue Metals Group (FMG) has bought a 15% stake in Atlas Iron, along with a cash settled swap of 4.9%, taking its overall interest in the Australian iron ore junior to 19.9%. This aggregate physical and economic interest is enough to block a takeover of Atlas...