Usiminas scales back iron ore mining plans

Brazilian steelmaker Usiminas has cut back on plans to expand its iron-ore production, reducing its targeted output by 2015 to 25-million tons from 29-million tons, the company's VP said on Monday. "The project is just being revised because a new...

Vale says iron-ore sales brisk despite slower China

Brazilian miner Vale is selling iron-ore about as fast as it can mine it despite a slowdown in the economy of China, its top customer, the company's head of investor relations said on Monday. A string of economic indicators show China, the...

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....

Brazil billionaire's CCX to list on S.Paulo bourse

Brazilian billionaire Eike Batista's conglomerate, EBX, will list its Colombian coal mining offshoot, known as CCX, on the Sao Paulo stock exchange on May 25, the head of the newly founded company said on Tuesday. The listing would be the fifth...

Brazil's MPX says Colombia coal project viable

Brazil's MPX Energia SA confirmed the technical viability of its San Juan coal project in Colombia, the coal mining and natural gas company said in a statement to Brazilian regulators on Monday.

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 invokes force majeure at nickel project

Vale, the world's second-biggest nickel producer, said on Thursday it would suspend sales and purchase agreements at its Goro project on the French Pacific island of New Caledonia after an accident at the mine's sulfuric acid plant. Rio de...

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...

Minas-Rio iron-ore project, Brazil

Anglo American's plans to commission its largest ever iron-ore mine have stumbled over new rulings.

Brazil historic site could trip up big Anglo mine

Anglo American's plans to open its largest ever iron-ore mine have stumbled over new rulings that will delay preparations to build the mine until it is deemed safe for an archaeological site within its perimeter. The company is prohibited from...

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...

ArcelorMittal plans $125 iron-ore investment to raise output by 65%

Global number one steelmaker ArcelorMittal has revealed that it intends to invest $125-million in its iron-ore mines in Brazil, in order to increase their production by 65% by next year. The company’s Brazilian mines are forecast to produce...