http://www.engineeringnews.co.za
R/€ = 16.10 Change: -0.03
R/$ = 13.65 Change: 0.01
Au 1275.08 $/oz Change: 27.19
Pt 926.50 $/oz Change: 42.00
 

Topic

Top iron-ore miner threatens to flood market if prices jump

By: Bloomberg     7th December 2017 Vale SA has a somber message for anyone betting on iron-ore prices returning to the heady days of 2011. The world’s biggest producer of the steel-making ingredient is prepared to unleash as much as 50 -million metric tons of spare capacity to balance the market if prices get too high, CEO Fabio... 

Vale to use cash flow to pay dividends, reduce debt – CEO

By: Reuters     4th December 2017 Brazil's Vale, the world's top iron-ore producer, will use cash flow, which could reach $14-billion or $15-billion this year, to cut debt and pay dividends, CEO Fabio Schvartsman said on Monday. Speaking at an event in Rio de Janeiro, Schvartsman said the miner tended to generate $14-billion or... 

Goldman sees iron-ore sinking to $50/t as supply expands again

By: Bloomberg     29th November 2017 Iron-ore will weaken next year as global supplies increase including from a new mine in Brazil at the same time that steel production risks topping out in China, according to Goldman Sachs Group, which expects prices to decline back toward $50 a metric ton. Futures fell. The raw material may... 

Vale says Brazil iron royalty hike could hurt high-cost mines

By: Reuters     23rd November 2017 Brazil's Vale, the world's largest iron ore producer, said on Thursday that a hike in the country's royalty rates for the mineral could compromise its ability to maintain high-cost mines and would hurt its ability to compete. Congress passed the higher royalties in votes on Wednesday with the... 

BHP-Vale deal distances Brazil mine from $53bn in lawsuits

By: Bloomberg     19th November 2017 It came down to the wire, but BHP Billiton, Vale SA and their Samarco joint venture managed to close a deal with prosecutors that distances the companies from 175-billion reais ($53-billion) in lawsuits. Their lawyers filed documents late Thursday requesting that the presiding judge suspend two... 

Brazil's Samarco mine sees need to cut staff by 600

By: Reuters     17th November 2017 Brazilian iron-ore miner Samarco has told unions it needs to cut 600 workers by December, the joint venture between Brazil's Vale and Anglo-Australian miner BHP Billiton said in a statement on Friday. Samarco said it would resume talks with unions Metabase Mariana and Sindimental on Friday... 

China gobbles Amazon rainforest ore to clean polluted skies

By: Bloomberg     12th October 2017 A bid by China to clean up pollution in its biggest cities and industrial towns is fueling a push to mine resource riches on the other side of the globe in the Amazon rainforest -- one of the most environmentally sensitive areas on Earth. Smog-laden skies across the world’s most-populated country... 

Vale targeted in $4.8-million Brazil extortion attempt

By: Bloomberg     8th August 2017 While cyberattack extortion is in vogue the world over, in Brazil’s Amazon region old-school shakedowns are no thing of the past. A couple was arrested after allegedly unscrewing the bases of energy towers belonging to Vale SA near the city of Parauapebas and demanding as much as 15 million reais... 

Vale opening door to stock-market return after nine-year hiatus

By: Bloomberg     4th August 2017 The world’s biggest iron-ore miner is getting closer to snapping an equity-market drought that has stretched nine years. If its voluntary share-conversion is successful, Vale SA will be able to tap the stock market to fund investments rather than relying on debt, Chief Financial Officer Luciano... 

Alstom receives order in Canada

     2nd June 2017 Railway systems and equipment company Alstom has been awarded a firm order for the supply of 61 Citadis Spirit light rail vehicles for the Greater Toronto and Hamilton area by Ontario government agency Metrolinx.  

Vale stocks trade lower as slower sales offset improved iron pricing

By: Henry Lazenby     27th April 2017 The world’s most prolific producer of iron-ore, Vale, on Thursday reported first-quarter earnings that disappointed investors, sending its NYSE-listed stock falling as much as 5.4% in early trading. The Rio de Janeiro, Brazil-based diversified miner reported net income totalling $2.49-billion... 

Brazilian company unveils over-the-horizon radar

By: Keith Campbell     21st April 2017 Brazilian technology company IACIT Soluções Tecnológicas S/A (IACIT), which develops and produces air traffic control and management and maritime traffic control and management systems, weather radars, telemetry systems, and integrated networks (among other products and systems) for civil, public... 

Samarco mine restart threatened by request to protect forest

By: Bloomberg     13th March 2017 The Samarco iron-ore mine in Brazil is facing one more obstacle to restarting operations later this year after a court accepted a request by prosecutors to protect a forested area that encompasses a pit the venture had planned to use for storing waste. The BHP Billiton-Vale joint venture had... 

BHP-Vale mine restart encounters new obstacle – a small-town mayor

By: Bloomberg     27th January 2017 BHP Billiton and Vale’s crippled Samarco mine, once the world’s second-largest producer of iron-ore pellets, has a new obstacle threatening to slow its much-anticipated restart: a small-town mayor. The Brazilian city of Santa Barbara declined to sign off this week on a plan for Samarco to... 

Samarco licensing moving forward despite fines, regulator says

By: Bloomberg     23rd November 2016 Samarco’s quest to obtain permits for resuming its Brazilian iron-ore operations is progressing despite environmental fines and a court order, with a mid-2017 restart still possible, the state licensing agency said. The venture owned by BHP Billiton and Vale, which halted work a year ago after a... 

Temer said to seek new Vale CEO in Brazil shareholder talks

By: Bloomberg     21st November 2016 Brazil’s government has decided to push for a new CE for iron-ore giant Vale when the current boss’s contract expires next year, according to people with knowledge of the matter. President Michel Temer ceded to months of lobbying from members of his own Democratic Movement Party to seek a... 

Royal IHC secures order for 4,200m3 custom-built TSHD in Uruguay

     14th November 2016 Royal IHC has signed a contract for the design, construction and delivery of a 4,200m3 trailing suction hopper dredger with Administración Nacional de Puertos in Montevideo, Uruguay. The contract was signed by Mr Alberto Diaz Acosta, President of the Board of Directors of ANP, Mrs Gladis Liliana... 

Brazil to offer thousands of mineral rights areas in H1 2017

By: Reuters     20th October 2016 Brazil's government plans to sell rights to as many as 22 000 mineral exploration areas in the first half of 2017, the president of the country's geological service (CPRM) Leonardo Ledsham said on Wednesday. Brazil also plans to sell nine large, strategic mining projects, he said, including: the... 

BHP-Vale Brazil mine said to weigh missing next bond coupon

By: Bloomberg     15th September 2016 Samarco Mineracao is considering skipping bond coupon payments that are due as soon as this month as the stalled Brazilian iron-ore miner runs out of money, according to people with knowledge of the matter. Without knowing when it can restart mining, the venture owned by BHP Billiton and Vale is... 

BHP-Vale mine bondholders said to hire lawyers for debt talks

By: Bloomberg     6th September 2016 Samarco bondholders hired US law firm Hogan Lovells for help with debt-restructuring talks as the stalled Brazilian iron-ore miner runs out of money, according to people with knowledge of the matter. With a coupon payment looming, Hogan Lovells is seeking a Brazilian law firm to work with it on... 

Samarco prosecutor expects to seek criminal charges next month

By: Bloomberg     1st September 2016 Brazilian prosecutors are finalising a criminal investigation into the Samarco mine disaster and expect to ask a judge by the end of September to charge employees, said one of the prosecutors heading the case. The investigation is looking into alleged negligence that may constitute involuntary... 

Vale says crown-jewel deal unlikely this year

By: Bloomberg     26th August 2016 Vale SA, the top iron-ore miner, is poised to complete coal and fertilizer sales this year, while a deal involving its most prized assets probably will take longer, according to its investor relations chief. The Rio de Janeiro-based company, which is grappling to reduce one of the industry’s... 

CIC said to pursue $9-billion Vale iron-ore streaming deal

By: Bloomberg     20th August 2016 China Investment Corp (CIC), the $814-billion sovereign fund, is leading a Chinese investor group in talks for a multibillion-dollar iron-ore streaming deal with Brazil’s Vale, people familiar with the matter said. The consortium is negotiating the potential purchase of a portion of Vale’s... 

Three-decade iron-ore veteran says 2017 to bring challenges

By: Bloomberg     18th August 2016 Iron-ore strayed well off-script in 2016 as a rally surprised the bears. Michael Zhu, former global sales director at Vale SA, says the commodity will probably face a tough year in 2017 as supply keeps on expanding while China’s steelmakers struggle to sustain output at current levels. “I’m not... 

Stalled BHP-Vale mine said seeking waiver on bank repayments

By: Bloomberg     13th August 2016 Brazilian miner Samarco is seeking a standstill agreement on about $1.6-billion in bank loans as its owners BHP Billiton and Vale refuse to cover debt payments, people with knowledge of the matter said. The iron-ore venture, whose operations were halted last year after a dam spill, is asking... 

Clean-up at tragic Brazil mine fails to speed return of iron-ore

By: Bloomberg     27th July 2016 Just four months after a deadly November mudslide destroyed an entire mining community in southwestern Brazil, the companies responsible were working toward a resumption of iron-ore production by year end. As recently as March, hundreds of people left homeless by the disaster were sleeping in new... 

Vale output expected to tease record levels despite dam disaster

By: Bloomberg     20th July 2016 Vale SA’s relentless expansion is expected to keep the world’s biggest iron-ore miner near record output levels despite the hobbling effects of last year’s Samarco dam burst on its Brazilian operations. The Rio de Janeiro-based miner will report second-quarter output of 86-million metric tons,... 

Vale faces more spill costs as Brazil lawmakers seek dam ban

By: Bloomberg     8th July 2016 As miners globally look to squeeze more savings amid low prices, the biggest iron-ore miner Vale SA will face a sharp increase in costs if a group of legislators in Brazil’s mining heartland get their way. Spurred by Brazil’s worst-ever environmental disaster, the proposal would toughen... 

BHP-Vale mine said seeking cash injection as reserves run dry

By: Bloomberg     1st July 2016 Vale SA and BHP Billiton Ltd.’s Brazilian mining joint venture is seeking capital injections from its owners as it runs out of cash after a deadly accident halted output, people with knowledge of the matter said. The iron-ore company’s cash will expire by August and it needs contributions from... 

Brazil Enacts New Ambush Marketing Laws In Advance Of Rio 2016 Olympic Games

     23rd June 2016 In preparation for the upcoming 2016 Olympic Games in Rio, Brazil recently amended its 2009 Olympic Act to protect official event sponsors from ambush marketers.  The changes took effect on May 10, 2016.    “Brazil has enacted tough new legislation to protect the Games from ambush marketers,”... 

Seeking gold amid rubble of a mine tragedy in job-starved Brazil

By: Bloomberg     21st June 2016 In the red-dirt hills of Minas Gerais, a part of Brazil named for the mines that provided livelihoods for generations, the country’s worst-ever environmental disaster has unearthed a new opportunity for locals stung by recession and job losses – panning for gold. Wildcat mining is on the rise in... 

Vale to delist from Hong Kong exchange

By: Henry Lazenby     25th May 2016 Brazilian diversified mining major Vale has delisted from the Hong Kong stock exchange (HKEx) as part of the company’s simplification strategy. In a press release issued Tuesday, the Rio de Janeiro-based miner announced that the HKEx had approved the withdrawal of Vale´s HDRs – an informal name... 

Versatile Vinyl In The “Sport-Light” At 2016 Olympic Games

     21st April 2016 Flexibility, versatility and recyclability of vinyl takes center stage during the biggest sporting event taking place in Rio de Janeiro, South America, later this year During the next few months, the 2016 Olympic Games will once again be on everybody’s lips when the much anticipated event takes... 

From Copenhagen To Paris, Cities And Mayors Are Leading The Way On Climate Action

     10th December 2015 World’s Leading Mayors Exponentially Increase Climate Action: C40 Cities Have Taken 10,000 Climate Actions Since Copenhagen On Track to Reduce Carbon Emissions by 3Gt   Africa leads in climate change adaptation   The C40 Cities Climate Leadership Group (C40) and research partner Arup presented... 

Libra presalt field development project, Brazil

By: Sheila Barradas     20th November 2015 The project involves the development of a megafield, with total gross peak oil production that could reach 1.4-million barrels a day. 

Alstom’s latest tram factory in Brazil equipped with a test track

     23rd October 2015 Alstom announces that its latest Citadis tram factory in Taubaté in the state of São Paulo, Brazil, is now equipped with a test track to perform static and dynamic tests on the trams before delivery to the customer for final tests. This is Alstom’s first tramway factory in Latin America to be... 

BOOMING IN THE BUST

     2nd October 2015 Appraiser Carlos Monteiro inspects a piece of jewellery at a government-run pawnshop in Rio de Janeiro, Brazil. Business at such pawnshops is said to be booming as Brazil heads toward recessions this year and next, its longest contraction in eight decades. 

Avianca Brasil Joins Star Alliance Network

     23rd July 2015 At a special ceremony held at Guarulhos International Airport today, the Star Alliance member carriers welcomed their newest member, Avianca Brasil. “Adding Avianca Brasil to our network is an important step in enhancing our customer proposition in Latin America. Brazil is the most important... 

First
Prev
1
2 3 Next Last

Latest News

more

Latest Videos

more

About

Engineering News is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Mining Weekly
Research Channel Africa
Polity

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Engineering News is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options
Free daily email newsletter Register Now
Register Close