More focus needed on ESG factorsThu, 23 Mar 2017 15:15:00 GMT
Bolton cites the tailings dam disaster in 2015 of iron-ore miner Samarco owned by mining giants Vale and BHP Billiton in a joint venture as an example. Nineteen people were killed, dozens were injured and hundreds of people were displaced when the ...
Ramboll engaged by Brazils Federal Public Ministry to oversee ...Wed, 22 Mar 2017 08:24:00 GMT
Ramboll will evaluate and monitor the work of the Renova Foundation to remediate the damage caused by the dam rupture at the Samarco iron ore mine in Mariana, Minas Gerais. The disaster killed 18 people and resulted in environmental, social and economic ...
Ferrexpo restores dividend on premium performanceWed, 22 Mar 2017 07:40:00 GMT
Last year the company cancelled its final dividend as iron ore prices tumbled and its debt pile weighed ... helped in part by a reduction in supply from Samarco in Brazil, which closed following a fatal dam collapse. Revenue for the year to December ...
Brazil court suspends lawsuit over Samarco mine disasterThu, 16 Mar 2017 23:07:00 GMT
Brazilian iron ore miner Vale said on Thursday that a federal court in Minas Gerais has suspended a case brought by prosecutors seeking 155 billion reais ($US49.7 billion) in damages for the 2015 Samarco mine disaster. Vale said in a securities filing the ...
BusinessNow: Live coverage of financial markets and companies ...Thu, 16 Mar 2017 23:04:00 GMT
In resources, traders eyed a negligible gain in iron ore prices and flat oil prices and decided it ... US50 billion lawsuit against the mining firms responsible for the 2015 Samarco tailings dam disaster, as negotiations between the companies and ...
Brazil mine disaster lawsuit suspendedThu, 16 Mar 2017 20:00:00 GMT
A Brazilian court has suspended a case brought by prosecutors seeking 155 billion reais ($A64.8 billion) in damages for the 2015 Samarco mine disaster, iron ore producer Vale SA says. It says, in a securities filing, that the federal court in Minas Gerais ...
BHP-Vale Mine Restart Threatened by Request to Protect ForestFri, 10 Mar 2017 14:06:00 GMT
For several months, state regulators have been evaluating Samarcos proposed plan to begin mining again. The company was at one point the second largest iron ore pellet mine in the world, generating more than 2 billion reais in annual profit. Before it's ...
Should You Buy Vale SA (ADR) (VALE) Stock 3 Pros, 3 ConsWed, 08 Mar 2017 12:04:00 GMT
Iron Prices Up: VALE is the worlds largest producer of iron ore. For years, that has not been an enviable ... agreement in December that creates a path forward for getting Samarco back into operation this year. Prior to the dam collapse, Samarco ...
BHP Billiton: Turbulence AheadWed, 08 Mar 2017 03:09:00 GMT
Introduction BHP Billiton is a producer of natural resources including iron ore, metallurgical coal ... On November 5th, 2015, the Samarco dam experienced a tailings dam failure which flooded lower areas, killing 19 people and sending mining waste downstream.
Search for new chief heightens concerns over states role in ValeTue, 07 Mar 2017 03:01:00 GMT
Vale was badly hit in 2015 by falling demand from China for iron ore, a depreciation in Brazils currency and a dam disaster involving Samarco, a Brazilian mining company that it co-owns with BHP. But over the past 12 months, Vales shares have risen ...
Of mining and mountains: The audacity of Gina LopezMon, 06 Mar 2017 17:16:00 GMT
On Nov. 5, 2015, one of these iron ore mines owned by Samarco, a joint venture between Vale and BHP Billiton, had a mine tailing (unwanted waste in extracting metallic ores) dam burst open into the Rio Doce. Villagers were killed and hundreds of families ...
Labrador Iron Ore Royalty Corporation - 2016 Results of OperationsThu, 02 Mar 2017 14:43:00 GMT
Iron ore prices in 2016 were higher than most forecasts had predicted ... It is also reportedly feasible that the Samarco operation in Brazil could re-open in late 2017 or in 2018, which would likely adversely affect pellet premiums.
Rio's Portela wins Carnival samba school parade with water themeWed, 01 Mar 2017 19:49:00 GMT
The collapse at the Samarco mine, a joint venture between the world's largest mining company BHP Billiton Ltd and the biggest iron ore miner, Vale SA, killed nine people and coated a two-state area with mud and mine waste. The dazzling costumes of some of ...
Rio Carnival: Samba school tackles mining disasterTue, 28 Feb 2017 13:30:00 GMT
Thousands of fishermen sued the Samarco iron-ore mine for loss of earnings after the dam collapse saw millions of tonnes of toxic waste flow into nearby rivers and on to the Atlantic Ocean. The two firms behind the mine, Vale and BHP Billiton, have been ...
Fitch upgrades Ferrexpo Plc to 'B-'Tue, 28 Feb 2017 08:50:00 GMT
Based on Fitch iron ore price deck, we expect Ferrexpo to be able to cover ... supply to be limited in the next couple of years due to the disrupted supply from Samarco, the biggest premium pellet producer, and the high capital cost of new pellet plants ...
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