Vale

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After months of apprehension, fragments of the northern slope of Vale ’s (NYSE:VALE) Gongo Soco mine, in the southeastern Brazilian state of Minas Gerais, has begun to gradually slide into the bottom of the open pit, reducing the risk of a new dam break, the company said on Friday.
News ID: 4723    Publish Date : 2019/06/02

Spot iron ore fines Fe 62% index has dropped to USD 103.5/MT, CFR China on Wednesday (29th May). The prices have dropped down from five year high levels of USD 108/MT, CFR China recorded towards beginning of the week. Prices have recorded decline amidst easing supply post Vale announcement of lower risk at collapsing of Gongo Soco mining pit.
News ID: 4702    Publish Date : 2019/05/31

Spot iron ore fines Fe 62% index has picked up to USD 100.4/MT, CNF China as against USD 98/MT, CNF China yesterday. The increase is due to Vale forecast of dam rupture in next week. The prices have hit 5 years high as the prices were last seen in May'14.
News ID: 4577    Publish Date : 2019/05/19

Brazil's Vale ’s warning that a tailings dams at its shuttered Gongo Soco mine in Minas Gerais is at risk of rupturing as soon as next week lit a fire under iron ore prices on Friday, sending the steelmaking raw material to a five-year high.
News ID: 4575    Publish Date : 2019/05/18

Vale - world's largest iron ore producer witnessed drop in iron ore and pellet production for first quarter CY19 due to dam failure in Jan'19 resulting in subsequent halt at numerous mines and tailing dams.
News ID: 4515    Publish Date : 2019/05/14

World's second largest exporter of iron ore - Brazil has recorded iron ore export volumes at 18.34 MnT in Apr'19, down 17% as compared to Mar'19 exports at 22.18 MnT, according to trade statistics released by Brazil customs.
News ID: 4490    Publish Date : 2019/05/10

South Korea’s steel major - POSCO announced its quarterly result for Q1 CY’19 yesterday on 24 Apr’19. The major findings from the quarterly report are are as follows:
News ID: 4435    Publish Date : 2019/05/06

The third largest exporter of pellet in the global market, Ferrexpo Plc shared that the iron ore pellet market is to witness a shortfall of about 5-10 MnT in 2019. This is due to production disruption due to Vale dam mishap of Jan'19. Besides, the Samarco pellet plant in Brazil continues to be suspended and resumption may be delayed further.
News ID: 4428    Publish Date : 2019/05/06

SteelMint in conversation with trade sources learned that Chinese mills have raised bids for low grade iron ore fines. Bids for low grade (Fe 57%) iron ore fines prices have picked up by around 12% W-o-W. The prices have dropped to around USD 56/MT, FoB India or equivalent to USD 66-67/MT, CFR China as against being USD 50/MT, FoB India last week.
News ID: 4379    Publish Date : 2019/04/29

Spot iron ore prices rose from $75 per tonne to $95 per tonne in the weeks following the Brumadinho dam disaster at Vale ’s (NYSE: VALE) Feijao iron ore mine in Brazil, before settling in at about $85 per tonne, according to the latest research on the global iron ore market by the Macquarie Group.
News ID: 4321    Publish Date : 2019/04/11

As per SteelMint analysis, amidst the disruption and additions by global iron ore producers and exporters, the iron ore market for the year is expected to witness a shift against market demand and supply in CY18.
News ID: 4308    Publish Date : 2019/04/11

SAO PAULO – Vale SA said on Tuesday a London arbitration court had ordered BSG Resources Limited to pay the iron ore miner $1.246 billion related to a dispute between the companies over a joint venture in Guinea.
News ID: 4293    Publish Date : 2019/04/10

The Investor Mining & Tailings Safety Initiative has requested that over 600 resource companies, including major miners, reveal the safety records of their waste storage facilities, following the collapse of Vale ’s Brumadinho dam in Brazil in January, which killed hundreds.
News ID: 4232    Publish Date : 2019/04/07

Spot iron ore fines Fe 62% index has today jumped by almost USD 3.2/MT against yesterday and closed today at USD 87.05/MT, CNF China.
News ID: 4183    Publish Date : 2019/04/04

According to National Bureau of Statistics, China - world's largest consumer and importer of iron ore has witnessed fall in crude iron ore production for Jan-Feb'19.
News ID: 4152    Publish Date : 2019/03/26

Brazilian mining giant Vale (NYSE:VALE) announced this weekend that the Sul Superior Dam at the Gongo Soco mine is in a critical condition when it comes to stability. This, following the work of an independent auditor, hired to evaluate the state of the structure.
News ID: 4137    Publish Date : 2019/03/24

Executives at Vale SA , the world's largest iron ore miner, quashed efforts by Brazilian authorities to audit one of the company's mining dams months before it collapsed and killed over 300 people, a state prosecutor was quoted as saying by news website G1 on Wednesday.
News ID: 4112    Publish Date : 2019/03/21

Brazil’s Vale (NYSE:VALE) has halted operations at the Alegria iron mine in the Mariana complex of Minas Gerais state, which may remove up to 10 million tonnes a year from the market.
News ID: 4104    Publish Date : 2019/03/21

Vale ’s Corrego do Feijao mine rupture at Minas Gerais in Brumadinho, Brazil, on 25 January this year has put DRI manufacturers in MENA (Middle-east and North Africa) region under stress because of the announcement of a mammoth 11 MnT pa production cut of high-grade pellets by the Brazilian mining behemoth.
News ID: 4064    Publish Date : 2019/03/18

Post Vale disruption, Indian pellet export prices rallied anticipating shortage in seaborne pellet trades. However, market sentiments have turned dull after Chinese New year holidays. Amid shrinking steel margins, Chinese mills are preferring low-grade iron ore and concentrate rather than going for high-grade ore & pellets.
News ID: 4017    Publish Date : 2019/03/14

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