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Tag: Vale

RIO DE JANEIRO, BRAZIL - (Reuters) Brazilian miner Vale SA and state authorities narrowed their gap in a potential settlement deal over the Brumadinho mining disaster to R$11 billion (US$2 billion) before talks fell apart, a person close to...
RIO DE JANEIRO, BRAZIL - Brazil’s Vale said on Thursday, January 21st, it is buying out minority stake partner, Japan’s Mitsui & Co, in a Mozambique coal mine and port project, ahead of selling the loss-making asset as it...
RIO DE JANEIRO, BRAZIL - (ANBA) Higher iron ore prices are expected to benefit the Brazilian trade balance in 2021, drive up profitability of the commodity’s exporters and make ore-derived products more expensive. The reasons for rising ore prices are...
RIO DE JANEIRO, BRAZIL - Brazilian mining giant Vale SA said on Thursday, December 10th, that it has halted operations on the Pacific island of New Caledonia, a quasi-autonomous French overseas territory, after pro-independence protests nearby, and that military...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – A small city in Minas Gerais has been in waiting mode this week as residents pause to see what will happen after the impending rupture of the northern slope of...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – A Brazilian judge announced on Friday that she is increasing the fine to be levied at Vale to R$300 million (approximately US$73 million) if the mining giant does not present,...
By Richard Mann, Contributing Reporter RIO DE JANEIRO, BRAZIL - Relatives of a family who died while staying at Pousada Nova Estância, buried at the break of the Vale Dam in Brumadinho (Minas Gerais), in January of this year, filed...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Representatives of Vale workers who were victims of the break of the Feijão Dam, in Brumadinho, Minas Gerais are filing a collective action against the mining company. According to lawyer...
By Lise Alves, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – Petrobras was the most profitable company in 2018, with a reported profit of R$25.8 billion, according to a survey conducted by Economatica. The government-run oil giant was followed by...

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