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Company Announcement: ICA Announces Impressive Agenda for Congress in Rio

Attached please find a press release on: The International Colored Gemstone Association announced an impressive line-up of speakers for the ICA Congress in Rio de Janeiro, Brazil, April 30-May 4, 2011.  

No discussions on replacing CEO – Vale

By: Liezel Hill Vale, the world's second-biggest mining company, said on Friday that its controlling shareholders are not discussing the replacement of CEO Roger Agnelli. The company issued the clarification in response to “rumours” the firm said in a statement posted on its website. 

Redaelli

By: Creamer Media Reporter Redaelli is an Italian high performance wire ropes manufacturer able to satisfy the technologically advanced demand of the mining industry in South Africa, so we are here to propose our wire ropes which can work in the most severe enviroment and conditions. 

Vale boosts holding in fertiliser unit for $1,03bn

By: Liezel Hill Rio de Janeiro-based Vale increased its holding in fertiliser company Vale Fertilizantes, to 78,9%, the group announced on Wednesday. Vale paid Minnesota-based Mosaic Company $1,03-billion for a 20,27 stake in the equity capital of Vale Fertilizantes, which corresponds to 27,27% of the unit's... 

Vale announces share buyback, plans Hong Kong listing

By: Liezel Hill Shares in Vale, the world's second-biggest mining company, rose on Friday after the company said it will buy back up to $2-billion worth of shares, pay a $1-billion extraordinary dividend and plans to list on the Hong Kong Stock Exchange. Over the next 180 days, Vale will repurchase up to... 

Latin America mine seminar series gains momentum in Toronto

By: Liezel Hill A series of seminars focused on the mining sector and opportunities in specific Latin American countries is drawing increasing interest, organisers said this week. Bruce Shapiro and Wayne Floreani, better known for their MineAfrica seminars, held in London, Toronto and Vancouver for several... 

Anglo's Brazilian millstone increasingly burdensome

By: Martin Creamer Diversified major Anglo American has had two high-profile project acquisitions under Cynthia Carroll’s watch, both of which have gone from delight to disappointment.  

Anglo goes from delight to disappointment as project acquisitions sour

By: Martin Creamer Diversified major Anglo American has had two high profile acquisitions under Cynthia Carroll’s watch, which have both have gone from delight to disappointment.  

Vale Inco now just 'Vale'

By: Liezel Hill Nickel-miner Vale Inco will trim its name down to just Vale, the Brazilian-owned group said on Thursday. Rio de Janeiro-based Vale, the world's second-largest mining company, bought Canadian nickel-miner Inco in late 2006.  

Vale buys Bunge fertiliser assets, to build Argentina potash project 

By: Liezel Hill The world's second-biggest mining company has inked a agreement to buy New York-based Bunge's Brazilian fertiliser assets for $3,8-billion in cash, the group announced on Wednesday. Vale also said that it would start construction on the Rio Colorado potash project, in Argentina, that it bought... 

Chinese steelmaker buys into Brazilian miner

By: Keith Campbell China’s Wuhan Iron and Steel group is to become the second-biggest shareholder in Brazilian iron ore miner MMX and has also agreed to set up a steel plant in the South American country in conjunction with the EBX group, which owns most of MMX. The Brazilian miner has also signed an agreement to... 

South African mining groups doing well in South America 

By: Keith Campbell South America is a continent whose richness in natural resources became legendary through myths such as El Dorado or the Emerald Mountain. Neither of these ever existed, of course, but today the continent produces antimony, bauxite, coal, cobalt, copper, gold, iron-ore, lead, manganese,... 

South African mining groups doing well in South America

By: Keith Campbell South America is a continent whose richness in natural resources became legendary through myths such as El Dorado or the Emerald Mountain. 

Vale Inco makes no change to Sudbury plans

By: Liezel Hill Brazilian-owned Vale Inco has not changed its operating plans in Sudbury, Ontario, beyond what it has already announced, spokesperson Cory McPhee said on Tuesday. Local media reported this week that the company, which restarted partial production in Sudbury this month using nonstriking workers,... 

World number four iron-ore-miner could seek partners 
to further develop Brazilian project

By: Keith Campbell Global mining major Anglo American is pondering selling part of its $3,5-billion Minas-Rio iron ore project in Brazil, in order to fund future expansions of the operation. This has been revealed to Bloomberg Press by London-based Anglo American spokesman James Wyatt-Tilby. And Anglo American CEO... 

Anglo’s Brazilian iron-ore unit plans production ramp-ups 
to feed Chinese market

By: Keith Campbell Global mining major Anglo American’s Brazilian iron ore subsidiary, Anglo Ferrous Brazil, expects world demand for iron ore to return to normal within two years, and is planning to dramatically increase its production over the next six years, markets permitting. Currently, Anglo Ferrous Brazil... 

Mining giant 
may restart iron ore operation 
in Brazil

One of the world’s largest iron-ore miners Vale SA may reopen its Gongo Soco mine in Brazil’s central highlands in “coming months” as the world economy shows signs of recovery, says Vale CEO Roger Agnelli. 

Vale in €965m deal to lift stake in ThyssenKrupp subsidiary

By: Creamer Media Reporter Brazilian iron-ore giant Vale on Wednesday signed a memorandum of understanding (MOU) with German steelmaker ThyssenKrupp to increase its stake in that company’s subsidiary, CSA Siderúrgica do Atlântico, to 26,87%. This was up from the 10% interest that Vale currently owned. The acquisition of a... 

Strike spectre looms after Vale Inco, union break off talks

By: Liezel Hill Contract negotiations have broken down between nickel miner Vale Inco and the biggest union at its Sudbury, Ontario, operations, with less than a week to go before the current collective agreement expires at midnight on July 12. Both sides exchanged settlement proposals at the weekend and talks... 

Africa still in Brazilian mining major Vale’s sights

By: Keith Campbell Diversified mining giant Companhia Vale do Rio Doce (Vale) has reaffirmed its commitment to its investment programme, despite the global recession. “What we seek first is to preserve the scope of our investment programme – this is the basic objective,” Vale CFO Fábio Barbosa emphasised at a... 

Vale buys Colombia coal assets

By: Liezel Hill Rio de Janeiro-based Companhia Vale do Rio Doce has agreed to buy a producing coal mine and exploration prospect in Colombia from Cementos Argos, for $300-million. Argos is a Colombia-based cement producer and one of the largest cement producers in Latin America. It has cement, concrete and... 

Tito Martins named new Vale Inco chief 

By: Liezel Hill Rio de Janeiro-based Companhia Vale do Rio Doce has appointed Tito Martins as president and CEO of its nickel subsidiary, Vale Inco, from January 2009. Martins, who replaces Murilo Ferreira, will retain his current position of nonferrous minerals executive director, the group said in a statement. 

Arm to buy out Teal minorities, forms JV with Brazil's Vale

By: Liezel Hill JSE-listed diversified miner African Rainbow Minerals (Arm) plans to buy the shares in Teal Exploration & Mining that it doesn't already own and delist the company from the TSX and JSE, the firm announced on Tuesday. Arm has then agreed to form a 50:50 joint venture with iron-ore giant Companhia... 

Vale closes Sudbury nickel mine indefinitely, defers project

By: Liezel Hill Brazil's Companhia Vale do Rio Doce will shut its Copper Cliff South mine, in Sudbury, Ontario, in January, because of weak nickel prices and slumping demand, the firm announced on Thursday morning. The mine, which produces 8 000 t/y of finished nickel, will be closed “for an undetermined period... 

Brazilian mining group sees no need for further output reductions

By: Keith Campbell Brazilian mining, logistics and energy group Companhia Vale do Rio Doce (Vale) CEO Roger Agnelli has stated, in a seminar in Rio de Janeiro, that his company has no plans to make any further cuts in its production. 

Vale CEO sees no price negotiations without ore demand

By: Reuters The chief executive of Brazilian iron-ore miner Vale, Roger Agnelli, said Thursday he sees no start to term price negotiations with steel companies until the global financial crisis eases and normal demand for ore returns. "The problem today is not price, the problem is demand," Agnelli told... 

ArcelorMittal adds to Brazil iron-ore interests with mine, port acquisitions

By: Liezel Hill Steel giant ArcelorMittal has agreed to buy Brazilian iron-ore-miner London Mining Brazil for about $810-million, from Oslo-listed London Mining, and will also acquire an 80% stake in a port for $40,5-million, the company announced on Tuesday. London Mining Brazil is located in the state of... 

Brazilian uranium resources becoming available to private-sector miners

By: Keith Campbell FOR the first time, a private-sector company has won the right to mine uranium in Brazil. And the Brazilian government has indicated that this is likely to be only the first step in opening up the country’s uranium resources to the private sector.  

Profit Producer

By: Martin Creamer New value-adding software developed in Finland enables mining and quarry operations to produce rock fractions with higher margins of profit, Sandvik application expert, the South African-born ‘rock doctor’, Arne Lislerud, tells Mining Weekly.  

Revolutionary new software assures higher-margin output, says Sandvik's Lislerud

By: Martin Creamer Revolutionary new software developed in Finland enabled mining and quarry operations to produce fractions with higher margins of profit, Sandvik application expert, the South African-born ‘rock doctor', Arne Lislerud, said on Thursday. 

Development of giant oil and gasfield off Brazil to start this year

By: Keith Campbell Portuguese oil company Galp Energia has affirmed that the giant Tupí oil and gas field, in which the enterprise has a share, and whose discovery was announced last year, will, despite being very deep, be brought into production at “competitive costs,” and using existing... 

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