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Brazilian court grant more time for Samarco settlement
Tue, 24 Apr 2018 23:17:00 GMT
Samarco, co owned by BHP and Brazilian mining giant Vale, is facing a 155 billion reals (USD 45.4 billion) legal claim for clean-up costs and damages after the November 2015 collapse of an iron ore tailings dam in the Minas Gerais region. Brazilian federal ...

BHP, Vale Given Extension on Settlements for Samarco
Tue, 24 Apr 2018 14:13:00 GMT
19 people were killed in November 2015 when an iron-ore tailings dam collapsed at the Samarco mine in Mariana, Brazil. On top of the human costs, the Doce River was contaminated with 60 million cubic metres of iron waste in what was Brazils worst ...

Anglo American to take 287m profit hit from cracked pipeline ...
Tue, 24 Apr 2018 08:37:00 GMT
Authorities in Brazil are particularly sensitive to the environmental impact ... Last year Minas Rio produced 16.8m tonnes of iron ore, used to make steel, but its output this year will now be closer to 3m. The company still hopes to produce 26m tonnes ...

China's Shrinking Steel Stockpiles Seen Giving Iron Ore a Boost
Tue, 24 Apr 2018 07:17:39 GMT
Falling steel inventories in China point to an improving outlook for iron ore through the rest of this half, according to one of the worlds top exporters of the raw material.

$$ Fortescue eyes pick-up in Chinese steel demand after soft ...
Tue, 24 Apr 2018 01:11:35 GMT
Fortescue Metals Group has predicted a seasonal boost in Chinese steel demand for the current quarter after its shipments slipped in the first three months of the year, pushing down its shares in Sydney. ...

UK Stocks-Factors to watch on April 23
Mon, 23 Apr 2018 04:35:00 GMT
Samarco iron ore mine is jointly owned by Vale and BHP . * FIDESSA: British financial trading systems firm Fidessa has ditched a takeover by Swiss banking software business Temenos in favour of a 1.5 billion-pound ($2.10 billion) deal with rival bidder Ion.

Major banks lead ASX advance
Mon, 23 Apr 2018 02:00:00 GMT
The Samarco iron ore mine is a joint venture between BHP and Vale. BHP closed up 1.2 per cent to $31.23. Newcrest Mining shares jumped after the company announced it would be able to return to full production after its Cadia Hill open pit was approved for ...

BHP, Vale gain another Samarco extension
Sun, 22 Apr 2018 23:27:00 GMT
The iron ore operations have been suspended since the tailings dam ... In December, BHP and Vale committed more than $40 million each in short-term facilities to their jointly-owned Samarco Minerao for ongoing repair works and restart planning.

BHPB Q1 iron ore production update
Thu, 19 Apr 2018 23:31:00 GMT
Rio Tinto announced that its total iron ore production for the nine months ended March 2018 ... Mining and processing operations at Samarco remain suspended following the failure of the Fundo tailings dam and Santarm water dam on 5 November 2015.

BHP trims Australian iron ore production guidance on car dumper ...
Wed, 18 Apr 2018 23:36:00 GMT
BHP produces iron ore from its Western Australia integrated system of four ... Meanwhile, mining and processing operations at its Brazilian Samarco operation remain suspended following the failure of the Fundao tailings dam and Santarem water dam in ...

Report explores the global crude steel sales market
Wed, 18 Apr 2018 22:18:00 GMT
Magnitogorsk Iron And Steel Works (Mmk), Iranian Mines & Mining Industries (Imidro), Techint (Tenaris), Maanshan Steel and others. Access complete report at: xxx When taking a good look at this report, based on the ...

HSBC upgrades Rio Tinto amid spate of valuation changes in mining ...
Wed, 18 Apr 2018 19:58:00 GMT
The London-based bank said the quality of Rio Tintos Pilbara iron ore assets offset its lack of portfolio diversity ... with a poor outcome of its Samarco dam failure litigation as a possible risk. It wasnt all good news for the miners though ...

Prosecutors, Samarco to ask more time for disaster's compensation ...
Wed, 18 Apr 2018 19:49:00 GMT
Samarco, an iron ore and iron pellets producer controlled jointly by Vale SA and BHP Billiton Ltd, has not operated since then. (This version of the story corrects name of company to BHP Billiton, and not Billigton, in 3rd paragraph.)

NCLT Kolkata Bench approves Vedantas bid to acquire Electrosteel ...
Wed, 18 Apr 2018 10:30:00 GMT
By approving Vedantas resolution plan, the Division Bench comprising Justice Jinan KR and Justice Madan Balachandra Gosavi dismissed the rival bidder Renaissance Steel Indias allegation that the company was not an eligible bidder for the ...

Moody's: China tariffs to hurt small pork processors most
Tue, 17 Apr 2018 09:24:00 GMT
Fresh fruits, dried fruits and nut products, wine, ethanol, ginseng, and seamless steel pipes are subject to an additional ... Additionally, parent company WH Group controls Henan Shuanghui Investment & Development Co. Ltd., Chinas largest pork processor.

Number of news reports: 15

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