· Iron ore''s supplydriven rally picked up pace on Wednesday, with futures topping 90 a ton, amid increasing concern the crisis at Brazil''s Vale SA will be drawn out as regulators ordered dozens of...
Many Brazilian investors dazzled by iron ore miner Vale SA''s <> resilient cash flow were ready to forgive the company within months of a deadly dam disaster in 2019, piling back into ...
· Brazilian iron ore miner Vale on Wednesday announced a series of write downs and provisions related to the Brumadinho tailings dam collapse that killed some 300 .
The Vale disaster has added US15 per tonne to spot prices for 62% Fe iron ores, while the company''s share price went from trading at an industry premium to eroding all gains made since Jan. 1, 2018.
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.
Ironore prices jumped on Monday after the collapse of a dam owned by Brazilian mining company Vale SA killed more than 60 people, fueling speculation of lower supply ead. Futures in the ferrous ...
· Vale also agreed to pay £150,000 to close relatives of those killed when a dam collapsed at its iron ore mine in Brumadinho Dom Phillips in Rio .
It led to an outpouring of public anger against Vale. The disaster followed a similar dam collapse in November 2015 at the Samarco iron ore mine, owned by Vale and BHP Billiton, that killed 19 ...
· On 25 January 2019 it happened again. Just three years and two months after Samarco''s tailings dam failed, the world''s largest iron ore producer, Vale, saw one of its tailings dams collapse in Brazil. Administrative buildings and infrastructure were destroyed as million m3 of mining waste from ore processing, also known as tailings, flooded the site.
Following Vale''s dam collapse on January 25, iron ore prices have been rising. On February 7, prices reached nearly a twoyear high. On January 30, Vale announced that it was decommissioning all ...
Vale SA, the world''s largest iron ore miner, knew last year that the dam in Brazil that collapsed in January and killed at least 165 people had a heightened risk of rupturing, according to an ...
Iron ore price falls 6% since Monday as supply concerns ease and port inventories climb. ... In 2018, before the Brumadinho dam collapse, Vale produced 385 million tonnes. In an investor site ...
listed shares of Vale extended losses on Monday following the Reuters story, dropping as much as percent to The company has lost a quarter of its market capitalization — or nearly...
FILE PHOTO: A member of a rescue team walks next to a collapsed tailings dam owned by Brazilian mining company Vale SA, in Brumadinho, Brazil February 13, 2019.
· Vale''s CFO Luciano Siani said in a conference call with analysts late March that the miner''s average iron ore product mix was set to decline in terms of quality following the January 25 dam burst. "With lower levels of wet (ore) processing, production of higher value added products falls and so we need more highquality Carajas ore for blending to correct the quality of some products ...
Iron ore prices have hit a five year high today after the world''s biggest producer, Vale, revealed trouble at one of its sites. Late yesterday Vale said a mining waste dam was on the brink of ...
Iron ore prices shot up across the board on Monday January 28 amid market expectations of supply disruptions following a tailings dam failure at Vale''s Córrego do Feijão mine in Brazil. 62% Fe Iron Ore Index: per tonne cfr Qingdao, up per tonne. 62% Fe Pilbara Blend Fines ...
Iron ore prices have hit a five year high today after the world''s biggest producer, Vale, revealed trouble at one of its sites. Late yesterday Vale said a mining waste dam was on the brink of ...
Somewhat surprisingly, despite Vale being the biggest producer of highergrade material, 65percent iron ore has slightly underperformed, gaining only 17 percent to close at a tonne on...
· Demand for resources to build houses and factories rose. Chinese growth made mining companies like Vale extremely profitable. But around 2012, Chinese growth begun to slow significantly and iron ore prices crashed, hurting Brazil''s economy. Whilst in 2011 a tonne of ore was sold at US126, between 2017 and 2018 the same product cost US50 ...
· On commodity markets the latest deadly incident at a Brazilian mine has helped boost the price of iron ore by around 5% to 78 a tonne with speculation that it .
Benchmark iron ore prices crossed the US100atonne mark for the first time in five years on Friday evening as Vale warned it was facing the risk of a third tailings dam failure, potentially ...
A dam collapse connected to an iron ore mine owned by Vale has killed dozens of people in southeastern Brazil and left rescue workers with little hope of finding survivors among the hundreds still ...
Due to the expected decline in iron ore supplies, iron ore prices have been gaining in 2019. After the Vale''s recent warning about its dam, iron ore surged to a fiveyear high of over 100 per ton.