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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

4 Mining Stocks to Keep an Eye on as Iron Ore Prices Surge
Fri, 18 Dec 2020 13:33:01 GMT
With iron ore prices set to finish the year on a strong note on China-led demand, it will be prudent to keep an eye on BHP Group (BHP), Rio Tinto (RIO), Vale (VALE) and Fortescue Metals

Vales disappointing iron ore output adds fuel to scorching price ...
Fri, 04 Dec 2020 00:00:00 GMT
The hottest major commodity of 2020 is getting even hotter, with iron ore boosted by news that one of the worlds biggest producers will not meet its output targets this year. Brazils Vale said on Wednesday that it would produce 300 million to 305 million tonnes of iron ore this year, down from a prior forecast of at least 310 million. Vale also said it expected 2021 output in a range between 315 million to 335 million tonnes, below what analysts had been expecting. The mining giant is

Vale evacuates more in Minas Gerais, state rejects settlement ...
Wed, 18 Nov 2020 20:18:00 GMT
About 34 more people in Brazil's Minas Gerais state will be evacuated after Vale raised the emergency protocol for the Brucutu iron ore mines Norte/Larangeiras dam to level two. The rise in the

Talks stall between Vale and Minas Gerais on Brumadinho compensation
Wed, 18 Nov 2020 05:27:00 GMT
Negotiations between Brazilian mining giant Vale and Minas Gerais state on compensation to be paid for the Brumadinho tailings dam collapse have reached an impasse. The state is looking to receive

Huge Claim Against BHP Over Brazil Dam Collapse Rejected By High ...
Mon, 09 Nov 2020 22:21:00 GMT
They claimed that BHP was liable for the collapse of the dam, which is owned and operated by Samarco, a joint venture between Brazilian iron ore miner Vale and BHP's Brazilian subsidiary. But,

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