Factbox: Impact of Vale's decision to decommission other iron ore …
New York — Brazilian mining group Vale plans to decommission all of its upstream tailings dams and has presented its decision to do so to the Brazilian authorities after the fatal collapse of the Corrego de Feijao iron ore mine No. 1 tailings dam in Minas Gerais last Friday. Far-reaching market impact is expected and prices are already …
Brazilian Dam Collapse in 2019: Vale fined $7 billion in compensation
On January 25, 2019, an 86-meter dam operated by Vale, a multinational firm in the mining and metal industry based in Brazil, collapsed resulting in 270 fatalities and extensive damage to the local environment in the state of Minas Gerais. The dam was holding waste from an iron ore mine situated nearby.
BHP and Vale reach agreement over Mariana dam collapse …
BHP (ASX, LON, NYSE: BHP) reached a deal with Vale (NYSE: VALE) on Friday to equally share the cost of any damages related to proceedings in Britain over the 2015 Mariana dam collapse.
Iron ore market turbulence following Vale disaster
Iron ore markets may be hit by months of uncertain supply following Vale's announcement that it will decommission of a 10 further tailings dams in response to the Friday's tragic dam collapse.
Vale to produce 340- 360 million mt/year iron ore by 2026: …
Vale's iron ore production was curtailed following the fatal Brumadinho tailings dam collapse in 2019, leading it to lose its position as the world's largest iron ore producing company to Rio Tinto.
Vale And BHP After The Samarco Disaster: We Haven't …
The tailings dam collapse at the Samarco iron ore mine has impacted Vale and BHP share prices notably. The total costs may climb to billions of dollars.
BHP, Vale agree deal over 2015 Brazil dam collapse …
The collapse of the tailings dam, which stored mining waste and is owned by the Samarco joint venture between BHP and Brazilian iron ore mining giant Vale, killed 19 and spilled about 40 million ...
Collapse in iron ore prices prompts Vale downgrade
The collapse of the iron ore price has led Vale to attempt to cut costs, with the price of the ingredient for steelmaking down 46 per cent this year to $38.52 per tonne.
4Q23 sales and production report
Vale's Q4 performance was marked by solid production and sales in all businesses. In December, iron ore achieved its highest monthly output since 2018. Copper production increased by 50% y/y, the highest level since 2018. In nickel, price realization was 7% above LME prices. Iron ore production totaled 89.4 Mt in Q4, increasing by 11% y/y.
Vale agrees to $7bn settlement over Brazil dam disaster
Rescuers search for victims after a Vale-owned dam near Brumadinho in ... effort to avoid a repeat of the collapse. Vale's share price and ... by higher prices for iron ore, ...
Iron-ore prices climb past $100 to the highest in 5 years
Prices for iron ore breached the $100 mark on Friday, their highest since early 2014, buoyed by expectations for higher steel production in China and the threat of another dam collapse at a Vale...
Vale faces $3.8 billion claim in Dutch case over Brazil Mariana dam …
Victims of the 2015 Mariana dam break in Brazil are seeking about 3 billion pounds ($3.8 billion) in compensation from mining companies Vale and Samarco in a new lawsuit launched in the ...
Vale offers iron ore price support with steady output plan
Brazilian iron ore giant Vale SA plans to keep its production of the steelmaking ingredient steady next year, potentially offering some support to the recent price rally.
Brumadinho Dam Collapse: A Tidal Wave of Mud
Vale S.A., the world's largest iron ore producer, says it will close all 10 of its dams in Brazil with a design similar to the one it ran in the town, Brumadinho. ... Two days after the dam ...
Scientists now know how the Brumadinho dam disaster …
The company behind the dam, Vale S.A., Brazil's biggest miner, was ordered to pay $7 billion in damages to the affected communities. The collapse caught many by surprise; it occurred without any warning, and three years after the mine had stopped dumping its tailings there.
Vale's decomissioned Brazil dam at risk of collapse, labor …
Iron ore miner Vale SA's (VALE3.SA) decomissioned Xingu dam is at "imminent risk of collapsing," according to a statement on Wednesday by the Regional Labor Department for the southeastern ...
Vale expects final agreement for Mariana dam reparations in …
The collapse of the dam, which belonged to Samarco, a joint venture of Vale and BHP, caused a giant mudslide that killed 19 people.
Brazil court suspends criminal lawsuits against former Vale …
A Brazilian court on Wednesday suspended multiple criminal lawsuits against Vale's Chief Executive Fabio Schvartsman over the deadly 2019 collapse of a tailings dam at a mine owned by the company.
The 2019 Brumadinho tailings dam collapse: Possible …
On 25th January 2019, the tailings dam of the Brumadinho iron mine operated by Vale S/A failed catastrophically. The death toll stood at 259 and 11 pe…
BHP and Vale ordered to pay $9.7bn over Brazilian dam collapse
A Brazilian court has ordered iron ore producer Samarco, along with its owners Vale and BHP, to pay R$47.6bn ($9.7bn) in compensation for a dam collapse that triggered one of the country's worst ...
After two collapses, a third Vale dam at 'imminent risk of …
A dam holding back mining waste from Brazilian miner Vale is at risk of collapsing, a government audit says. The same company was responsible for two tailings dam collapses since 2015 that ...
Vale: The pride of Brazil becomes its most hated company …
The dam collapse drove a torrent of mud downriver sweeping all before it ... are turning their attention to Vale - the company that runs the dam. ... in commodities that global iron ore prices ...
SEC.gov | SEC Charges Brazilian Mining Company with …
The Securities and Exchange Commission today charged Vale S.A., a publicly traded Brazilian mining company and one of the world's largest iron ore producers, with making false and misleading claims about the safety of its dams prior to the January 2019 collapse of its Brumadinho dam. The collapse killed 270 people, caused …
Iron Ore Price Surges Higher After Second Dam Collapse In Brazil
Brazil's agony after a second deadly mudslide at an iron ore mine is roiling the market for the steel-making material with the potential for a long-term price increase if operations at part of its ...
Production and Sales Report 2022
• Vale's Q4 performance was marked by strong iron ore fines and nickel sales, up 24% and 30% q/q respectively, converting into sales the inventories formed in the previous quarter. • Iron ore production totaled 308 Mt in 2022, 2% lower y/y, mainly due to (i) licensing delays at Serra Norte; and (ii) jaspilite waste processing and ...
As 2nd Brazil Dam Threatens to Collapse, Death Toll Rises to …
Sirens sounded before dawn, set off by heavy rains and dangerously high water levels at a dam at an iron ore complex owned by the Brazilian mining giant Vale S.A. Rescue workers looking for ...
Vale dam collapse to have immediate impact on iron ore supply, prices
Iron ore prices have already broken the US$90/t mark for the first time since March 2017, following Vale's decision to cut output from its own operations by 70Mt.
BHP and Vale ordered to pay $9.7bn over Brazilian dam …
A Brazilian court has ordered iron ore producer Samarco, along with its owners Vale and BHP, to pay R$47.6bn ($9.7bn) in compensation for a dam collapse that triggered one of the country's...
Fears for third Vale dam spur iron ore price rise | The …
Benchmark iron ore prices crossed the $US100-a-tonne mark for the first time in five years on Friday evening as Vale warned it was facing the risk of a third tailings ...
Life after a devastating mining disaster
Mud from the Vale dam collapse - iron ore prices have soared since the disaster. Even with drastic production cuts, Vale shares are now at the same level as they were shortly before the tragedy ...