$200bn capex ambition of mining majors under spotlight

The great China-led economic supercycle that has been boosting global economies for a decade is falling below its expected trajectory, which is giving rise to questions supercycle slippage and demise.

Vale sees iron-ore price rising in H2

Brazilian mining company Vale SA remains confident the price of iron-ore, its main product, will rise in the second half of 2012, relieving environmental and economic pressures on the company which have hurt growth and delayed new projects....

Brazilian group targeting more African opportunities

Brazilian diversified mining major Vale has confirmed that its portfolio includes investments of $7.7-billion in projects in nine African countries. Speaking at a recent seminar on Africa hosted by Brazil’s National Economic and Social...

Vale sees higher tax bills ahead

Vale, the world's largest iron-ore miner, expects demand and prices for its main product to recover through 2012, but is likely to face bigger future tax bills that would make it harder to capitalise on any improvement in metal markets, company...

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...

Vale’s foreign focus is on Africa, Asia a key market – CEO

The CEO of Brazilian major diversified mining group Vale, Murilo Ferreira, has reconfirmed the importance of Africa to his company. “It’s a new frontier,” he told the Brazilian journal Brasil Econômico last week. “Not only from the point...

Brazilian group Vale’s credit rating raised

Brazilian major diversified mining group Vale has had its credit rating raised from BBB+ to A– by ratings agency Standard & Poor’s (S&P). This upgrade is the latest in a gradual process that started when the miner first gained investment grade...

Vale board gives CEO’s managment overhaul the thumbs up

The board of directors at Vale, the biggest iron-ore producer, has approved CEO Murilo Ferreira’s plan to reshuffle executive management, which results in CFO Guilherme Cavalcanti and two others leaving the firm. Ferreira first announced the...

First Moatize coal reaches Beira port

The first cargo of coal to be shipped from Brazilian mining major Vale’s new $1.66-billion Moatize coal operation in Tete province in Mozambique left the mine on August 7, the miner reported last week. Moatize is Vale’s biggest coal project in...

Vale CEO Ferreira losing no sleep over future iron-ore demand

Despite fears growing over the global economy, with the US on the brink of defaulting on its debts and the Eurozone crisis, world number-one iron-ore miner Vale CEO Murilo Ferreira is optimistic about demand and prices for the steelmaking...