Brazil-based mining giant Vale announced that it has signed an agreement to sell its 26.5 percent stake in its logistics division Valor da Logistica Integrada (VLI) to an investment fund managed by Brookfield Asset Management for R$ 2 ...
Tags: mining
Anglo-Australian mining giant Rio Tinto still regarded China as the key driver of iron ore demand due to its continued growth and ongoing urbanization process,local media reported on Saturday. "The growth in China is still there"and its ...
Tags: Rio Tinto, iron ore, iron ore demand
Reportedly, the Brazilian mining giant Vale is planning to reduce costs and decrease capital spending by selling its minority interest of a 26.9% stake in its business of steel, coal and fertilizer in CSA Plant. The Plant is majority-owned ...
Tags: steel, Metallurgy, Mineral
According to a Monday report from Forbes, Brazilian mining giant Vale is planning to sell partial stakes in its steel, coal and fertilizer businesses in order to reduce costs and decrease capital spending. The steel stake up for grabs is ...
Tags: cost, metallurgy, CSA
Australia-based mining giant Rio Tinto has set out its breakthrough plan to optimize the growth of its iron ore business in Western Australia. Accordingly, mine production capacity will rapidly increase towards 360 million mt per year at a ...
Australia-based miner Latin Resources has announced that it has acquired the Borborema iron ore project from Anglo-Australian mining giant Rio Tinto for $200,000. The iron ore project, located in Brazil, is close to the coast with ...
Tags: Latin, resource, acquire, Brazilian iron, ore, project, Rio Tinto
Saskatchewan Premier Brad Wall says a new trade deal with the European Union could mean billions for the uranium industry and his province. Wall said Friday that the agreement-in-principle removes foreign ownership restrictions on uranium ...
Tags: Uranium Industry, Mineral
The Brazilian mining giant Vale’s third-quarter net profits are expected to surge substantially by 70% year on year to hit US$2.8 billion, driven by lower input cost and increased iron ore prices, according to analysts. It’s ...
Tags: mining giant, Vale
UK-based mining giant Anglo American has announced that it has completed the sale of 100 percent of the Amapá iron ore operation in Brazil to Zamin Ferrous Ltd., a private international mining group that has been operating in Brazil, ...
Tags: Iron Ore, Metallurgy, Mineral, Energy
UK-based mining giant Anglo American Corporation has announced its production results for the third quarter of the current calendar year. In the third quarter, the iron ore production from Kumba Iron Ore decreased by 24 percent year on ...
Tags: Iron Ore, Metallurgy, Mineral, Energy
Reportedly, the Australian mining giant BHP Billiton has started the new Daunia mine in Queensland. Also, the Daunia mine is the company's ninth operating metallurgical coal mine in central Queensland. It's learned that BHP Billiton ...
Tags: Coal Mine, Metallurgy, Mineral, Energy
The mining giant Rio Tinto announced to pour nearly €80 million in its Dunkirk aluminum plant in the past 18 months. It's learned that the company plans to invest at least that much again over the next five years on energy saving and ...
Tags: Aluminum Plant, Metallurgy, Mineral, Energy
Reportedly, the mining giant Rio Tinto hit a five-month high amid speculation that the miner was moving closer to selling its Alcan aluminum division. Rio Tinto’s management was now focused on understanding the business. While ...
It’s reported that the Brazilian mining giant Vale announced that its sales revenues totaled US$1.128 billion in the second quarter of this year, up by 0.7% from a quarter ago but falling by 11.4% year on year. Moreover, the mining ...
Tags: mining giant, Vale
On July 30, global steel and mining giant Evraz plc announced that, due to unfavorable market conditions, it will temporarily suspend operations at its Italian steel plate producing subsidiary Evraz Palini e Bertoli starting from August 20 ...
Tags: Evraz, Plate Mill Palini