Vale confirms talks with BHP over Samarco exit

Having trouble viewing this email?  View online Iron Ore News Digest Wednesday 24 January 2018 Home    Coal    Copper    Iron Ore    Nickel    Rare Earth    Oil Sands    Uranium    Zinc Vale confirms talks with BHP over Samarco exit During a meeting with investors and analysts in Sao Paulo, Vale's investor relations director, André Figueiredo, said it seemed "natural" for his company to become the sole owner of the project. read » There could be an iron throne in the Pyramid of Cheops An Italian professor at the Politecnico di Milano says that there could be an iron throne right below the apex of the Pyramid of Cheops, located in Giza. read » China imported a record amount of iron ore in 2017 Hunger for high-quality iron ore from Australia and Brazil pushed Chinese imports of the steelmaking ingredient to a record high in 2017. read » Planetary Resources a step closer to mining asteroids with spacecraft launch Data obtained from the Arkyd-6 will be use in the development of the Arkyd-301, Planetary Resources next spacecraft platform and the beginning of its space resource exploration program. read » CHARTS: Big mining's surge in value shames tech giants The mining cycle turned two years ago – gains for the sector's largest companies have far outpaced stocks like Apple, Amazon, Google and Facebook since. read » Agarwal plans to keep his Anglo American stake for a long time Indian commodities billionaire said the rally in Anglo American Plc vindicated his personal bet in the mining group. read » The periodic table of commodity returns If for some reason, you still think that the commodity markets are predictable, today's chart provides a nice piece of humble pie. read » BHP second-quarter iron ore output up 3 pct, maintains forecast BHP's iron ore output climbed to 72 million tonnes for the three months ended Dec. 31 versus 70 million tonnes a year ago. read » Brazilian miner Vale ordered to repair environmental damage Federal prosecutors announced ruling in a statement that said electricity transmission lines and a bauxite pipeline damaged soil and silted up rivers. read » Rio Tinto 2017 iron ore exports up 1 percent, maintains 2018 guidance On Tuesday Global miner Rio Tinto reported a 1 percent rise in iron ore shipments for 2017 to 330.1 million tonnes, meeting its guidance. read » How China is locking up critical resources in the US's own backyard China's global resource grab, and the ramifications for the rest of the world, are on my radar screen. Are they on yours? If not, maybe they should be. read » Australia's Port Hedland clearing out ships as Cyclone Joyce intensifies The terminal expects to clear all remaining vessels from its harbour as safety measure after tropical cyclone intensified off nation's western coast. read » Mining profits are super-charged and BlackRock wants to get paid "A lot of investors were really badly burned, ourselves included." read » Reform overdue to drive growth and protect Australia from future downturn Minerals Council of Australia's pre-Budget submission warns that every year Budget repair is delayed puts Australia closer to the risk of an economic shock. read » Australia forecasts 20 pct iron ore price drop in 2018 as China demand eases Australia expects iron ore prices to average $51.50 a tonne this year because of rising global supply and moderating demand from top importer China. read » Coal dwarfs battery metals in mining deals despite war on pollution Coal and iron ore dominated mining takeovers in 2017, Thomson Reuters data shows, with buyers favoring the heavily polluting devil they know over the uncertainties of a battery-powered future. read » Mining investments in Peru grew by 54.8% in November Investments grew by 54.8% compared to the same month of 2016. read » Australian minerals companies paying their fair share in tax — report Aussie miners paid an effective tax rate of 51 per cent in 2015-16 in company tax and royalties – the second-highest tax ratio recorded since the survey began nine years ago. read » China's steel futures fall as snow to curtail construction demand Cold weather is expected to hit regions across China in the coming week, bringing snow and rain that may cause disruptions at construction sites, one of the biggest consumers of steel. read » Russia's Mechel says has enough creditor support for restructure of $1bn loan The company, which is controlled by businessman Igor Zyuzin and came close to bankruptcy last year, circulated the final draft of a restructuring proposal among its creditors. read » Read more Iron Ore news on MINING.com » Home    Coal    Copper    Iron Ore    Nickel    Rare Earth    Oil Sands    Uranium    Zinc About Us   |  Privacy Policy  |  Unsubscribe   |  Contact Us   |  Advertise This email was sent to you by InfoMine Inc. 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