Bloomberg reported that Vale SA has named Mr Joao Mendes Faria as country manager for China Mr Mendes Faria, Vale’s director of iron-ore business development in Singapore, replaces Mr Luiz Meriz in China Mr Meriz will return to ...
Tags: Vale SA, Joao Mendes Faria, China, iron ore business
The Australian reported that Arrium is considering expansions that could grow a key minerals processing business by more than 20% over the next 5 years through plants in Canada, Brazil and Peru. Mr Andrew Roberts consumables boss of ...
Moody’s Investors Service has affirmed Vedanta Resources Plc’s corporate family rating at Ba1 and its senior unsecured rating at Ba3. The outlook for both ratings remains negative. Vedanta’s rating reflects its earnings ...
Tags: Vedanta, rating, acquisition, cash flow
Reuters reported that Brazil's Vale SA expects a huge derivatives market in iron ore to eventually take shape as players seek hedging instruments to minimize risk from increasingly volatile prices. Mr Jose Carlos Martins who runs the iron ...
Tags: iron ore price news, iron fx, derivatives market, steel scrap price
The West Australian cited Mr Chris Ellison MD of Mineral Resources as saying that the company plans a spin out of its iron ore assets within the next 2 years. According to the company, over the past 3 years MinRes has quietly built a ...