Supported metal prices, debts being slashed, and production efficiency growth were the keys for the good performance.
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The group action suit describes in detail a series of failures and errors of judgment over several years leading to the collapse of the Fundao tailings dam in 2015, owned by the Samarco joint venture between BHP and Vale.
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The credit ratings and research division of the Fitch Group says producers should take advantage of the current environment of lower supply, healthy demand and higher prices.
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The supply/demand dynamics benefit Australia’s iron ore miners, according to the latest research by the Macquarie Group.
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Iron ore price rally could give BHP, Rio Tinto 30% earnings boost Read More »
Vale SA has opened negotiations with prosecutors and families of victims of the deadly January dam disaster.
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Vale opens talks on compensation for dam disaster victims Read More »
Move is aimed at providing a tool for institutional investors to assess the risk from their holdings in mining companies.
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Miners challenged to urgently reveal tailings safety records Read More »
Decision comes on the same day a Brazilian court froze an additional 1 billion reais ($255 million) in assets as possible compensation for damages related to a recent evacuation of the area around the company’s Vargem Grande dam in Minas Gerais state.
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Vale denied stability re-certifications on 17 dams, dikes Read More »
Currently there are no established global standards defining what a tailings dam is, how to build one and how to care for it after it is decommissioned.
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U.N., ethical investors join miners quest for global tailings rules Read More »
The world’s biggest iron ore producer said the injunction will impact production at its massive Brucutu mine, as it will now take longer than expected to bring it back on line.
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Vale ordered to halt 13 more dams, Brucutu mine restart delayed Read More »
The dam is located in the municipality of Barão de Cocais, in the southeastern Brazilian state of Minas Gerais.
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