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RIO DE JANEIRO
 
DIVERSIFIED MINING

Votorantim Industrial swings back to profit on higher prices

Brazil's Votorantim Industrial swung back to profit in the second quarter compared to a year earlier as higher cement prices lifted its biggest unit. The private São Paulo-based group, whose interests also include mining, steel and cellulose...
25th August 2014
 
CREDITOR PROTECTION

Brazil miner MMX says not filing for bankruptcy, denies report

Eike Batista's iron-ore miner MMX Mineracao e Metalicos SA said on Tuesday it is not considering filing for bankruptcy, denying a local media report published late on Monday. "MMX clarifies that there are no deliberations in process on this...
19th August 2014
 
IRON-ORE

Brazil's Batista to transfer 10.5% of miner MMX to Mubadala

Brazilian tycoon Eike Batista will transfer 17.1-million shares, or 10.5%, of his iron-ore mining company MMX Mineração e Metalicos SA to Abu Dhabi government investment fund Mubadala Development Corp, MMX said in a statement on Monday. The...
5th August 2014
 
IRON-ORE

Vale tells analysts to end fixation on China, iron-ore price

Analysts following Brazil's Vale should stop obsessing over iron-ore prices and Chinese demand to focus instead on the company's other divisions and cost cuts, one of the miner's top executives said on Thursday. Jose Carlos Martins, head of...
1st August 2014
 
IRON-ORE

Brazil's Vale profit falls; prices undermine record output

Brazilian miner Vale posted a sharp decline in profit from the previous quarter as lower iron-ore prices undermined record production of the steel-making ingredient. Vale, the world's largest producer of iron ore, reported second-quarter net...
1st August 2014
 
All

Minas-Rio iron-ore project, Brazil Restricted

The project was 84% complete and is on schedule to deliver first ore on ship at the end of 2014.
21st February 2014
 
PLATINUM

Amplats, Minas Rio expected to be Cutifani’s biggest headaches at Anglo

Analysts in the South African mining industry believe that new Anglo American CEO Mark Cutifani’s biggest challenge might be platinum mining company Anglo American Platinum (Amplats), based on the recent volatility of the sector, plagued by...
19th April 2013
 
DIVERSIFIED MINERS

Amplats, Minas Rio expected to be Cutifani’s biggest headaches at Anglo

Analysts in the South African mining industry believes that Anglo American’s new CEO Mark Cutifani’s biggest challenge might be platinum mining company Anglo American Platinum (Amplats), based on the recent volatility of the sector, plagued by...
19th April 2013
 
PERSPECTIVES

DIGGING DEEP

Workers from the Novo Porto Consortium, a group funded by a mix of public and private agencies, look on as debris is lifted out of the Binario tunnel in Rio de Janeiro, Brazil. The tunnel is part of the $4-billion Porto Maravilha infrastructure...
12th April 2013
 
Coal – 3

Railway problems frustrate Vale in Mozambique

Last week, the Mozambican operation of Brazilian major mining group Vale had to declare force majeur because of disruptions on the Sena railway from Tete to Beira, which the company uses to export the coal produced by its Moatize mine. In its...
1st March 2013
 
ENERGY MINERALS

Rio Tinto’s $3.9bn Mozambique coal bid may be scuppered by lack of rail, port capacity

Rio’s $3 Billion Mozambique Coal Bid Runs Off the Rails: Freight  Rio Tinto Group’s foray into Mozambique, which cost the world’s No. 2 mining company $3 billion, has highlighted a lack of rail and port capacity that threatens to check a...
1st March 2013
 
All

Minas-Rio iron-ore project, Brazil Restricted

Anglo American has completed the detailed cost and schedule review of its Minas-Rio project, which was announced in November 2012.
22nd February 2013
 
 
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