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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

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

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

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

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

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

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.

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

Vale's (VALE) Shares Gain as Q4 Earnings Beat Estimates
Tue, 02 Mar 2021 15:15:03 GMT
Higher iron prices and production led to year-over-year improvement of 85% in Vale's (VALE) fourth-quarter earnings, which also beat the Zacks Consensus

China iron ore futures fall as Brazil supply prospects brighten
Thu, 04 Feb 2021 00:00:00 GMT
Dalian iron ore futures fell on Wednesday on rising shipments from the worlds biggest suppliers of the steelmaking ingredient, including Brazil, and weakening demand in top steel producer China ahead of the Lunar New Year holiday. Iron ore on Chinas Dalian Commodity Exchange ended daytime trading 0.9% lower at 948 yuan ($146.77) a tonne, down for a second straight session. Global iron ore supply had been tight since the 2019 tailings dam collapse at Vale SAs Corrego do Feijao mine in

BHP bumps up 2020-21 iron ore guidance on Samarco restart, softens ...
Thu, 21 Jan 2021 00:00:00 GMT
Mining giant BHP bumped up its fiscal 2020-2021 (July-June) iron ore production guidance following the restart of its joint venture Brazilian Samarco operation, while its metallurgical coal output is expected to be in the lower end of the forecast range due to weather impact. BHP now expects iron ore production of 245 million-255 million mt for the current fiscal year, which is up from the previous range of 244 million-253 million mt. The added tonnes are all due to Samarco, while BHPs

4 Stocks to Grab as Iron Ore Price Rally Continues in 2021
Thu, 07 Jan 2021 13:50:01 GMT
With iron ore prices on an uptrend this year aided by demand from China, we suggest adding stocks like BHP Group (BHP), Rio Tinto (RIO), Vale (VALE) and Fortescue Metals (FSUGY) to your

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