Vale targets China firms over mega ship standoff

Brazil's Vale , the world's largest iron-ore producer, has stopped hiring vessels from some Chinese shipping firms in retaliation for Beijing's efforts to keep the miner's huge ships out of the country, traders and industry sources said. Chinese...

Vale wins injunction barring Brazil tax debt payment

Brazil's highest court suspended on Wednesday the payment of about 24-billion reais ($12.4-billion) in back taxes by mining company Vale, handing the world's largest iron-ore producer a temporary victory in a dispute with the government. Justice...

Brazil govt wins appeal in tax dispute with Vale

A Brazilian court overturned an injunction suspending collection of disputed tax claims from Vale SA, the world's largest iron-ore producer.

Legacy makes a move on coal assets

Iron-ore junior Legacy Iron has diverged into the coal business, acquiring six prospective coal tenements in Queensland. The coal projects are the first corporate transactions to be undertaken by Legacy since Indian iron-ore producer NMDC...

Centaurus signs access agreement at Jambreiro

Iron-ore developer Centaurus Metals has signed a ten-year land access and cooperation agreement for its Jambreiro project, in Brazil, allowing for the development of the project. Under the terms of the agreement, Centaurus would pay A$625 000 to...

Kolomela project passes 18-million LTI-free hours

Engineering Consultancy Hatch reports that it has just passed 18-million lost-time injury- (LTI-) free hours at iron-ore producer Kumba Iron Ore’s Kolomela mine, in the Northern Cape, for which it is the engineering, procurement and construction...

China iron-ore demand to remain strong - Vale CEO

Chinese demand for iron-ore will remain strong, defying expectations of a slowdown in the world's second-largest economy, the chief executive of Vale SA, the top producer of the mineral, said on Tuesday. "Those who have been betting against...

Nonconventional nickel hopeful touts 'game changing' deposit

A Vancouver-based explorer is hoping to dig up naturally occurring stainless steel at its Decar Project in north-east British Columbia, and aims to have a preliminary economic assessment (PEA) on what could be “game changing” for the nickel...

Erection of Sishen pilot plant is progressing well

Mining and minerals project house TWP, a subsidiary of the Basil Read group, reports that the erection of the Sishen expansion project (SEP) 1B beneficiation pilot plant at iron-ore producer Kumba Iron Ore’s Sishen mine, in the Northern Cape,...

Exxaro mum on African Iron deal ‘speculation’

South Africa’s black-controlled diversified miner Exxaro Resources declined to comment on a report that it was in “advanced talks” to buy African Iron. Exxaro manager corporate communication Hilton Atkinson told Mining Weekly Online that the...

Where iron-ore will find its floor, Kumba says more supply than buy

As South Africa’s largest iron-ore producer reports that there is currently more iron-ore supply than iron-ore demand, there is a strong contention that the ferrous metal is unlikely to sink below $120/t as Chinese steelmakers replenish stockpiles.

Indian steel company hits road blocks in expansion

Indian government owned Rashtriya Ispat Nigam (RINL), popularly known as `Vizag Steel Plant’, has hit roadblocks in its attempts to secure captive iron-ore reserves to achieve raw material security for its expanded capacity. RINL, in the...