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  • IFC close to $2.7bn debt refinancing for Mozambique's Nacala railway 2016-10-07
    The International Finance Corporation, part of the World Bank, expects to close a $2.7-billion debt refinancing for the Nacala Corridor railway project in Mozambique early next year, a senior IFC official said on Friday. The refinancing could help to ease balance sheet pressure on Brazilian miner Vale which is developing the railway and a coal mine in the region.
  • Vale says rail delay limits new iron mine output to 75m tonnes 2016-09-20
    Brazil's Vale said on Monday output from its new S11D iron-ore mine in the Amazon region will be limited to 83 percent of full capacity as efforts to preserve cash and limit transport disruptions crimp a needed railway expansion. The $14.3 billion project, Vale's biggest-ever investment, was widely expected to produce up to 90 million metric tonnes a year of iron-ore - the key ingredient in steelmaking - after a two-year ramp-up scheduled to begin by year-end.
  • Vale says rail delay limits new iron-ore mine output to 75mt 2016-09-20
    Brazil's Vale said on Monday output from its new S11D iron-ore mine in the Amazon region will be limited to 83 percent of full capacity as efforts to preserve cash and limit transport disruptions crimp a needed railway expansion. The $14.3 billion project, Vale's biggest-ever investment, was widely expected to produce up to 90 million metric tonnes a year of iron-ore - the key ingredient in steelmaking - after a two-year ramp-up scheduled to begin by year-end.
  • Brazil grants Vale licence for Amazon iron-ore mine rail branch 2016-09-17
    Brazil granted Vale a ten-year licence to operate a 101-km branch line connecting its $14.3-billion S11D iron-ore mine project in the Amazon jungle to the Carajas Railway, the company said in a statement on Friday. The Carajas Railway branch will allow Vale, the world's largest iron ore exporter, to haul S11D's output to the Port of Ponta da Madeira in Sao Luis, Brasil to ships that will load the product for export.
  • Brazil's Coelho says Samarco may resume operations subject to conditions 2016-09-15
    Brazil's Samarco Mineração will be able to resume iron-ore mining operations should co-owners Vale and BHP Billiton come through with promised investments, Mining and Energy Minister Fernando Coelho said on Thursday. Samarco had operations halted last November, when a tailings dam at the mine burst and unleashed a mud flow that killed 19 people, left hundreds homeless and polluted a major river.
  • Planned developments to improve competitiveness of Moz coal project – Vale 2016-09-09
    Brazilian mining major Vale believes that the conclusion of the project finance for the Nacala Logistics Corridor in Mozambique and Malawi will be an important step in increasing the competitiveness of its Mozambican coal operation. This was affirmed by the group’s Investor Relations head André Figueiredo in a presentation at the BM&F Bovespa, São Paulo’s Stock Exchange and Commodities and Futures Exchange, late last month. Vale has developed the Moatize coal mine in Mozambique’s inland province of Tete. The mine produces mainly metallurgical, or coking, coal.
  • ARM to sell its $400m Lubambe Copper JV in Zambia at the right price, casting its eye over better copper assets. http://www.miningmx.com/top-story/27977-arm-prepared-sell-lubambe-copper-right-price-mo 2016-09-08

    ARM to sell its $400m Lubambe Copper JV in Zambia at the right price, casting its eye over better copper assets. http://www.miningmx.com/top-story/27977-arm-prepared-sell-lubambe-copper-right-price-motsepe/ …

  • Brazil's Vale expects Samarco to restart mid-2017 2016-08-26
    Brazilian miner Vale expects Samarco, an iron-ore joint venture it owns with BHP Billiton, to restart operations in the middle of 2017, a company executive said on Thursday. Samarco's mine has been shut since November when a tailings dam on the site burst, killing 19 people and causing Brazil's worst ever environmental disaster.
  • CIC said to pursue $9-billion Vale iron-ore streaming deal 2016-08-20
    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 future iron-ore output for as long as 30 years, two of the people said, asking not to be identified as the information is private. Vale could fetch about $9-billion upfront from the sale, one person said. No agreements have been reached, and the talks may not result in a transaction, according to the people.
  • Mozambique's coal mines shed 4 000 jobs as coal price drops – State news agency 2016-08-19
    Nearly 4 000 coal miners have lost their jobs in Mozambique's Tete province over the past year as mining firms such as Brazil's Vale cut back due to lower prices, the African nation's state news agency said on Thursday. Vale, which operates an open cast coal mine in the northwestern part of one of the world's poorest countries, shed 2 348 workers, said the head of Tete province's mineral resources department Portasio Aurelio.

Vale Information

  • Company 2015-05-10
    Vale acts in the all 5 continents and is the leader in iron ore production and the second biggest nickel producer. Our mission is to transform mineral resources into prosperity and sustainable development.

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