R/€ = 19.24 Change: -0.04
R/$ = 17.01 Change: -0.03
Au 1782.78 $/oz Change: 6.42
Pt 822.42 $/oz Change: 4.28


Vale signs deal with authorities on Covid-19 monitoring at Itabira mines

By: Reuters     26th June 2020 Brazilian miner Vale has signed an agreement on monitoring for possible coronavirus cases at its Itabira complex, a major iron ore production facility temporarily shuttered earlier this month out of health concerns, authorities said on Thursday. A number of sanitary measures including testing... 

Gung-ho Brazil prosecutors become unlikely commodity influencers

By: Bloomberg     10th June 2020 Add trigger-happy Brazilian prosecutors to the list of probable drivers of commodity markets in the coming months. As the pandemic strains supplies, judges in Brazil have granted prosecutors’ requests to shut major mining and meat operations in recent weeks. That contrasts with the US where... 

In northern Brazil, iron-ore keeps flowing as Vale miners battle coronavirus

By: Reuters     1st June 2020 In late April, Evaldo Fidelis, a 35-year-old tractor operator at Vale's massive iron-ore mine in northern Brazil, came down with a dry cough. Soon, he said, six others in his crew of about 40 workers fell ill with classic symptoms of Covid-19, the respiratory illness caused by the novel... 

Basto to run BHP’s Australian mines

By: Mariaan Webb     22nd May 2020 Edgar Basto has been promoted to president of mining major BHP’s entire suite of Australian operations, including iron-ore, coal, nickel and copper, with effect from July 1. The Colombia-born executive previously headed BHP’s Western Australia iron-ore business and is filling the position left... 

Brazil's Vale sees a 'very vigorous' economic recovery in China

By: Reuters     11th May 2020 Brazil's Vale is seeing a "very vigorous" economic rebound in China, the iron-ore miner's principal export market, CFO Luciano Siani said during an online event hosted by newspaper Valor Economico on Friday. "Industrial activities [in China] are practically at their normal levels.... Civil... 

CEO of Russian mining company Metalloinvest dies at 52

By: Reuters     28th April 2020 Andrey Varichev, CEO of Russian mining company Metalloinvest, died on Monday at the age of 52 following a serious illness, the company said in a statement. Varichev had been CEO at Metalloinvest, one of the world's largest producers of iron ore, since 2009. He had developed a form of pneumonia... 

Vale slashes 2020 output forecasts, citing virus

By: Reuters     18th April 2020 Brazilian miner Vale on Friday cut its forecast for production of iron ore fines and pellets, copper and nickel in 2020, saying in a securities filing that the new coronavirus outbreak was delaying some facilities from reopening. Vale reduced its forecast for annual production of iron-ore fines... 

Update on the state of COVID-19 lockdown on the South African mining industry

By: Creamer Media Reporter      15th April 2020 On 15 March 2020, the Minister of Co-operative Governance and Traditional Affairs, as designated in terms of section 3 of the Disaster Management Act 57 of 2002 ("DMA"), declared a state of emergency in the Republic of South Africa, in terms of section 27(2) of the DMA. On 23 March 2020,... 

Coronavirus uncertainty sinks Alderon’s deal with Tunghsu

By: Mariaan Webb     27th March 2020 The volatility and uncertainty created by the outbreak of the Covid-19 pandemic has scuppered a potential deal that Canadian junior Alderon Iron Ore agreed with a Chinese partner and has now left the company scratching for money to repay a loan due by the end of this month. Alderon said on... 

Vale preparing for potential fuel leak from damaged ore carrier

By: Reuters     28th February 2020 Brazilian mining company Vale said on Thursday it has begun preparations for a potential fuel leak from the damaged iron-ore carrier MV Stellar Banner, which is stranded off the Brazilian northern coast. Vale said in a statement it requested that oil company Petrobras appropriate ships to deal... 

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