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Brazils Vale launches self-driving trucks at its largest iron ...
Sat, 04 Sep 2021 00:00:00 GMT
Brazilian miner Vale SA said on Thursday it had begun using self-driving trucks for the first time at its Carajas complex, its largest iron ore mining operation, as it continues to expand its use of the driverless technology. Vale expects to boost productivity and safety by using the trucks to haul iron ore, said Pedro Bemfica, the executive heading the autonomous technology program. The miners six self-driving vehicles at Carajas are nearly twice as tall and more than three times as wide
https://www.hellenicshippingnews.com/brazils-vale-launches-self-driving-trucks-at-its-largest-iron-mine-carajas/


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
https://www.hellenicshippingnews.com/brazils-cosan-to-make-iron-ore-mining-debut/


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
https://www.zacks.com/stock/news/1785268/ternium-tx-signs-mou-with-vale-for-steelmaking-solutions


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
https://www.hellenicshippingnews.com/vale-confident-on-2021-iron-ore-guidance-though-recovery-still-a-marathon-executives/


Brazils Vale revises down year-end iron ore output
Sat, 31 Jul 2021 00:00:00 GMT
Vale SA flagged potential production setbacks amid temporary issues at multiple iron ore mines, but executives said the Brazilian miner was still on track to ramp up output in the second half of the year. In a presentation released on Thursday morning, the worlds second largest iron ore producer revised down its guidance for year-end production capacity to 343 million tonnes per annum from 350 million tonnes previously. Among the issues holding back production, Vale said, are licensing
https://www.hellenicshippingnews.com/brazils-vale-revises-down-year-end-iron-ore-output/


Vale (VALE) Q2 Earnings Beat, Rise Y/Y on High Iron Prices
Fri, 30 Jul 2021 00:00:00 GMT
Vale (VALE) reports stellar second-quarter 2021 earnings on higher iron ore sales volumes and prices. It maintains its iron-ore production guidance of 315-335 million tons for
https://www.zacks.com/stock/news/1771664/vale-vale-q2-earnings-beat-rise-yy-on-high-iron-prices


Vale (VALE) to Spend $121M to Extend Life of Thompson Mine
Wed, 30 Jun 2021 00:00:00 GMT
Vale S.A (VALE) is investing C$150 million ($121 million) in Thompson, Manitoba operations, the largest single investment made by the company in the past two
https://www.zacks.com/stock/news/1756097/vale-vale-to-spend-121m-to-extend-life-of-thompson-mine


Gaines sees little global iron ore production growth
Tue, 01 Jun 2021 00:00:00 GMT
Fortescue Metals Group boss Elizabeth Gaines has hosed down concerns that the revival of Brazilian producer Vale or China backing development of the Simandou deposit in west Africa will crimp Australias economy-defining iron ore exports. Ms Gaines told the Australian Shareholders Association conference that Simandou was a very complex project and its likely development was coinciding with a drop in Chinas domestic iron ore production. The Fortescue chief executive sees the market
https://www.hellenicshippingnews.com/gaines-sees-little-global-iron-ore-production-growth/


Iron Ore Price Caves But Miners Remain Hugely Profitable, For ...
Tue, 25 May 2021 00:00:00 GMT
Chinese Government pressure on steel mills and commodity traders started to pay off earlier today when the iron price fell below $200 a ton for the first time in three weeks. But the fall to $197/t is unlikely to put more than a dent in the profits of the biggest iron ore miners which are producing the steel-making material at a cash cost of less than $20/t. Even after allowing for all costs companies such as BHP Group, Rio Tinto, Vale and Fortescue Metals, are still generating profits of
https://www.hellenicshippingnews.com/iron-ore-price-caves-but-miners-remain-hugely-profitable-for-now/


Vale reports record Q1 as iron ore, copper prices soar in tight ...
Thu, 29 Apr 2021 00:00:00 GMT
Brazilian miner Vale, one of the worlds largest iron ore producers and a major copper producer, reported record first quarter financial results late April 26 as prices for these commodities soared, partly due to supply-side issues. The company said it continues to stabilize output following dam disasters that resulted in lower iron ore production in recent years and the continuing impact of COVID-19 on its operations, now seen reducing copper output. In Q1, Vale reported a pro forma
https://www.hellenicshippingnews.com/vale-reports-record-q1-as-iron-ore-copper-prices-soar-in-tight-market/


Vale (VALE) Q1 Earnings Beat, Up Y/Y on High Iron Prices
Tue, 27 Apr 2021 00:00:00 GMT
Vale (VALE) reported stellar first-quarter 2021 earnings due to higher commodity prices, particularly iron.
https://www.zacks.com/stock/news/1461830/vale-vale-q1-earnings-beat-up-yy-on-high-iron-prices


Vale's (VALE) Lackluster Q1 Production Boosts Iron Ore Prices
Tue, 20 Apr 2021 15:41:03 GMT
Vale's (VALE) first-quarter 2021 iron ore production increases 14% year over year as it continues its operational stabilization and resumption plan. Yet, the figure misses
https://finance.yahoo.com/news/vales-vale-lackluster-q1-production-154103267.html?.tsrc=rss



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