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Vale divestment plan for steelmaker CSP, bauxite miner MRN ongoing
Sat, 30 Apr 2022 00:00:00 GMT
Brazilian miner Vale is continuing with the process of divestment of two non-core assets: steelmaker Companhia Siderurgica do Pecem and bauxite miner Mineracao Rio do Norte, a company executive said April 28. Weve done a lot to clean up most of the non-core assets out of our portfolio and we just have two candidates left: CSP and MRN, Gustavo Pimenta, executive vice-president of finances, told analysts on a Q1 results webcast. Both processes are ongoing, he said. Those would be the

Vale and Nippon Steel sign MOU to develop decarbonization technologies ...
Wed, 27 Apr 2022 00:00:00 GMT
Brazilian miner Vale and Japanese steelmaker Nippon Steel have signed a memorandum of understanding to pursue ironmaking solutions focused on carbon-neutral steelmaking processes, the two companies said in separate statements April 26. Based on this MOU, Nippon Steel and Vale will jointly study and explore the utilization of raw materials which contribute to direct

Brazils Vale reports decrease in Q1 iron ore output
Thu, 21 Apr 2022 00:00:00 GMT
Brazilian miner Vale SA first-quarter iron ore production fell 6.0% from the previous year, hit by heavy rainfall in January in Minas Gerais state which curbed its main production. The companys iron ore output was 63.9 million tonnes in the period, down 22.5% from the final quarter of 2021. Production was lower also due to major maintenance services, which should be positive for the rest of the year, allowing Vale to maintain its annual guidance of 320-335 million tonnes of iron ore. The

Brazils Vale reports decrease in iron ore production in Q4
Sat, 12 Feb 2022 00:00:00 GMT
Brazilian miner Vale SA VALE3.SAon Thursday reported a 2.4% decrease in iron ore production in the fourth quarter year-on-year. According to a securities filing, the company reached quarterly iron ore production of 82.47 million tonnes, below the same period from the previous year and down 7.8% from the third quarter. Total iron ore production for 2021 were 315.61 million tonnes, or up 5.1% on a yearly basis, falling within the lower end of its target range, which was set at between 315 and

Brazil ministry notifies Vale to present iron ore dam safety ...
Sat, 22 Jan 2022 00:00:00 GMT
Brazils Minas Gerais state public ministry notified Vale late Jan. 20 that it must present plans within days for measures to ensure the safety of 18 dams at its iron ore mines following recent intense rainfall in the state in southeast Brazil, the miner said. The company will have 10 days from receipt of the formal notification to state what action it will take to prevent erosion of the dams, according to information released Jan. 19 by the ministry. In an email to S&P Global Platts,

Brazils Vale halts iron ore operations due to heavy rains, maintains ...
Mon, 10 Jan 2022 00:00:00 GMT
Brazilian miner Vale said on Monday it has partially halted operations at its Southeastern and South iron ore systems due to heavy rains that are affecting the state of Minas Gerais, but reiterated 2022 production guidance as the Northern system was not affected. Vale said in a securities filing that train circulation at its Vitoria-Minas railway was partially interrupted following the rains, which led output to be halted at the Brucutu mine and the Mariana complex as it was unable to

Brazils Vale restarts licensing process for Apolo iron ore project
Thu, 25 Nov 2021 00:00:00 GMT
Brazilian miner Vale VALE3.SA has restarted the process of acquiring environmental licenses for its Apolo iron ore project in the state of Minas Gerais following a major revision of the original plan, the company said in a presentation on Tuesday. The plans for the project, which has a capacity of 14 million tonnes per year and a lifespan of 29 years, have been revised to reduce its environmental impact, the company said. According to the presentation made to the Minas Gerais state assembly,

Vale, Voestalpine, TKS explore steel decarbonization routes
Tue, 02 Nov 2021 00:00:00 GMT
Brazils Vale, Voestalpine, Thyssenkrupp and other steel and mining companies are navigating routes and new markets to decarbonize the steel sector, as renewable power generation and suitable iron ores remain key obstacles for slashing emissions. Companies including ArcelorMittal, BHP, Rio Tinto and Bluescope are broadening a transformative approach to their steel-related business by exploring

Miner Vale to slow down iron ore production in Q4 due to low ...
Thu, 21 Oct 2021 00:00:00 GMT
Brazilian miner Vale SA said on Tuesday it was slowing down production of low-margin iron ore in the fourth quarter by about 4 million tonnes due to low prices, and could cut back output in 2022 if prices did not rise. Vale said in a securities filing that iron ore output for the year is now expected to fall within the lower half of its target range, currently set at between 315 and 335 million tonnes. The miner added that it would reduce its offerings of low-margin products in 2022

Brazils Cosan to make iron-ore mining debut
Wed, 25 Aug 2021 00:00:00 GMT
Brazilian energy group Cosan SA has decided to enter the mining segment in a joint venture with Aura Minerals controlling shareholder to explore and transport iron ore, it said in a securities filing on Monday. Cosan said it and a unit of Paulo Brito Group, founder and controlling shareholder of Aura, will co-control the new company, which will be headed by former Vale SA and CSN SA executive Juarez Saliba de Avelar. The move by Cosan comes as iron ore prices reached a record high in the

Ternium (TX) Signs MoU With Vale for Steelmaking Solutions
Mon, 23 Aug 2021 00:00:00 GMT
Ternium (TX) and Vale plan to develop economic feasibility studies of potential investments in an iron ore briquetting plant in the Brazil

Vale confident on 2021 iron ore guidance, though recovery still ...
Mon, 02 Aug 2021 00:00:00 GMT
Executives at Brazilian iron ore miner Vale said July 29 they were confident the company will reach its 2021 iron ore production guidance as it will be aided in H2 by seasonal factors and mine capacity advances. Still, the company is currently operating at the lower range of the 315 million mt-335 million mt guidance, executive vice president, ferrous minerals, Marcello Spinelli said during a Q2 results call with investors. Iron ore fines production reached 75.7 million mt in Q2, which was

Number of Vale company news reports: 12
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