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Topic

Seeking gold amid rubble of a mine tragedy in job-starved Brazil

By: Bloomberg     21st June 2016 In the red-dirt hills of Minas Gerais, a part of Brazil named for the mines that provided livelihoods for generations, the country’s worst-ever environmental disaster has unearthed a new opportunity for locals stung by recession and job losses – panning for gold. Wildcat mining is on the rise in... 

Vale-BHP's Samarco no longer sees operations resuming this year

By: Reuters     16th June 2016 Brazilian miner Samarco, a joint venture between Vale SA and BHP Billiton, no longer expects to resume mining operations this year, Benedito Waldson, the company's head of human resources told Reuters on Wednesday. The lack of clarity of when the company would receive the necessary licences to... 

Vale-BHP's Samarco says looking to cut 40% of workforce

By: Reuters     4th June 2016 Brazilian miner Samarco, co-owned by BHP Billiton and Vale, said on Friday it will launch a voluntary layoff programme with the aim of cutting 40% of its 3 000 employees. Samarco was forced to shut its mine after a deadly dam spill last November and has not resumed operations. 

Brazil's Temer looking to replace Vale CEO – Valor

By: Reuters     2nd June 2016 Brazil's interim President Michel Temer plans to replace the head of the nation's largest miner, Vale, because he is too closely allied with suspended President Dilma Rousseff, newspaper Valor reported on Thursday. Valor said a decision has yet to be taken, and cited one source as saying that... 

Vale to delist from Hong Kong exchange

By: Henry Lazenby     25th May 2016 Brazilian diversified mining major Vale has delisted from the Hong Kong stock exchange (HKEx) as part of the company’s simplification strategy. In a press release issued Tuesday, the Rio de Janeiro-based miner announced that the HKEx had approved the withdrawal of Vale´s HDRs – an informal name... 

Brazil's Usiminas intends to cancel iron-ore shipment contract

By: Reuters     19th June 2015 Brazilian steelmaker Usiminas intends to cancel its iron-ore shipment contract with the Sudeste Port, a private terminal near Rio de Janeiro, the port said on Friday. The statement did not say how much Usinas Siderurgicas de Minas Gerais, as the company is formally known, had agreed to export... 

Anglo iron-ore port deepening under way

By: Martin Creamer     13th May 2015 The Brazilian iron-ore port of mining company Anglo American is being deepened to increase the volume of ore that can be loaded on to the Cape-size vessels calling there. Currently, the full 180 000 t volume that Cape-size ships offer cannot be taken up because of the lack of port depth. 

High-quality iron-ore from Anglo’s low-cost Minas-Rio set to leverage price premium

By: Martin Creamer     12th May 2015 The iron-ore that Anglo American is producing at low cost in the hills of Conceicao do Mato Dentro is meeting growing market demand for better quality, low-contaminant ore, visiting international mining journalists heard on Monday. Minas-Rio’s pellet feed iron-ore products, which are transported... 

IRON-CLAD FORECAST

By: Martin Creamer     16th January 2015 Vale CEO Murilo Ferreira is seen smiling broadly during an interview at the headquarters in Rio de Janeiro of the world’s biggest iron-ore producer, which predicts that iron-ore prices will rally by at least 24% in 2015, as high-cost mines shut and Asian infrastructure demand improves. Total... 

Anglo American ships first ore from Minas-Rio

By: Natasha Odendaal     27th October 2014 The first ore from Anglo American’s Minas-Rio iron-ore project, in Brazil, has been shipped within budget, CEO Mark Cutifani said on Monday. The more than 80 000 t of iron-ore for the pellet feed market had been loaded onto a chartered vessel at the dedicated export terminal at the Port of Açu,... 

Amplats, Minas Rio expected to be Cutifani’s biggest headaches at Anglo

By: Leandi Kolver     19th April 2013 Analysts in the South African mining industry believe that new Anglo American CEO Mark Cutifani’s biggest challenge might be platinum mining company Anglo American Platinum (Amplats), based on the recent volatility of the sector, plagued by violent strikes and uncertainty. The significantly... 

Amplats, Minas Rio expected to be Cutifani’s biggest headaches at Anglo

By: Leandi Kolver     19th April 2013 Analysts in the South African mining industry believes that Anglo American’s new CEO Mark Cutifani’s biggest challenge might be platinum mining company Anglo American Platinum (Amplats), based on the recent volatility of the sector, plagued by violent strikes and uncertainty. The significantly... 

DIGGING DEEP

By: Martin Creamer     12th April 2013 Workers from the Novo Porto Consortium, a group funded by a mix of public and private agencies, look on as debris is lifted out of the Binario tunnel in Rio de Janeiro, Brazil. The tunnel is part of the $4-billion Porto Maravilha infrastructure project, which aims to revitalise the city's... 

Railway problems frustrate Vale in Mozambique

By: Keith Campbell     1st March 2013 Last week, the Mozambican operation of Brazilian major mining group Vale had to declare force majeur because of disruptions on the Sena railway from Tete to Beira, which the company uses to export the coal produced by its Moatize mine. In its statement, Vale blamed severe weather and estimated... 

Rio Tinto’s $3.9bn Mozambique coal bid may be scuppered by lack of rail, port capacity

By: Bloomberg     1st March 2013 Rio’s $3 Billion Mozambique Coal Bid Runs Off the Rails: Freight  Rio Tinto Group’s foray into Mozambique, which cost the world’s No. 2 mining company $3 billion, has highlighted a lack of rail and port capacity that threatens to check a coal boom in the southeast African nation. Rio bought coal... 

Brazil's CCX coal miner appoints new CEO after resignation

By: Henry Lazenby     27th October 2012 Brazil coal miner CCX, whose operations are focused on Colombia, has appointed Jose Gustavo de Souza Costa as CE and head of investor relations, according to the minutes of the company's board meeting on Friday. The board of CCX Carvao de Colombia, developing a greenfield coal mine project in... 

UK’s Amec acquires 50% stake in Brazilian marine engineering company

     12th October 2012 International engineering and project management company Amec has announced the signing of an agreement to acquire a 50% stake in Kromav Engenharia (Kromav), a privately owned Brazilian offshore oil and gas and marine engineering company. 

The Brazilian gold rush

     12th October 2012 Perhaps the most popular and romantic aspect of the history of gold is the narrative of the various gold rushes that lured hundreds of thousands of people, literally, to the four corners of the globe during the eighteenth and, more notably, the nineteenth centuries. Such popularity can partly be... 

SA betting carbon capture will make coal a clean energy source 

By: Keith Campbell     13th July 2012 South Africa’s support for the outcomes of the United Nations (UN) Conference on Sustainable Development does not mean the country is going to turn its back on coal. “As South Africa, we are not about to abandon our coal reserves,” assured Water Affairs and Environment Minister Edna Molewa in... 

South Africa hopes carbon capture will make coal a clean energy source 

By: Keith Campbell     3rd July 2012 South Africa’s support for the outcomes of the United Nations Conference on Sustainable Development, held in Rio de Janeiro from June 20 to June 22, and known as Rio+20 for short, does not mean the country is going to turn its back on coal. “As South Africa, we are not about to abandon our coal... 

Updated mine software to be released

By: Chantelle Kotze     15th June 2012 Mining technology and consulting company MineRP has upgraded its Mine2-4D mine planning software to provide a complete and automated mine planning and scheduling system for underground and openpit mining operations.  

Brazil historic site could trip up big Anglo mine

By: Reuters     16th April 2012 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 undertaking new works at the site of the... 

China iron-ore demand to remain strong - Vale CEO

By: Reuters     10th April 2012 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 Chinese growth since the 1990s will be wrong again,"... 

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

By: Keith Campbell     30th March 2012 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 4.3-million tons of iron ore this year and the target... 

Anglo American on verge of landing major iron-ore contract in Brazil

By: Keith Campbell     16th March 2012 The iron ore business unit of Anglo American Brazil (Anglo Brazil) hopes to conclude a contract with the Italian-Argentinian group Techint, to supply the latter with the ore for a planned new steel plant in Rio de Janeiro state, before the end of the first quarter of this year. This has been... 

Anglo American Brazil on verge of landing major contract

By: Keith Campbell     9th March 2012 The iron ore business unit of Anglo American Brazil (Anglo Brazil) hopes to conclude a contract with the Italian-Argentinian group Techint, to supply the latter with the ore for a planned new steel plant in Rio de Janeiro state, before the end of the first quarter of this year. This has been... 

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