Vale SA


  • SINGAPORE/ LONDON, July 18- Iran's iron ore industry is in crisis because of low prices, a senior industry official said, with June exports the lowest in nearly two years and ore piling up at ports. Nearly all Iran's iron ore exports go to China and were worth a total of $2.4 billion in 2013, based on Chinese customs data.

  • BRASILIA, July 17- China expanded its trade partnership with Brazil on Thursday with $7.5 billion in financing for Brazilian miner Vale, the purchase of 60 passenger jets from planemaker Embraer and renewed commitment to invest in infrastructure.

  • China, Brazil close plane, finance, infrastructure deals Thursday, 17 Jul 2014 | 12:59 PM ET

    BRASILIA, July 17- China and Brazil sealed their expanding commercial partnership on Thursday with a $5 billion credit line for Brazilian miner Vale and the purchase of 60 passenger jets from Brazilian planemaker Embraer.

  • BRASILIA, July 17- Brazil's Embraer SA agreed to sell 60 E-190 commercial passenger jets to China as part of a raft of deals signed by the presidents of the two countries to deepen commercial ties, the Brazilian government said on Thursday.

  • BRASILIA, July 16- Brazil hopes that during a visit by Chinese President Xi Jinping it can boost ties with its biggest trade partner beyond the exchange of commodities for manufactured goods, but that may be wishful thinking.

  • SYDNEY/ MELBOURNE, May 29- The Australian government cleared on Thursday a $1 billion bid by Chinese state-owned Baosteel Resources for iron ore miner Aquila Resources Ltd, removing the only regulatory hurdle to the deal.

  • *To spend almost all working capital on South Africa mine. May 15- Canada's Ivanhoe Mines Ltd said it would not be able to advance development of two mines in the Democratic Republic of Congo this year unless it gets more funds by the end of the second quarter, sending its shares down as much as 7 percent in early trading.

  • May 15- Canada's Ivanhoe Mines Ltd said it would not be able to develop two mines in the Democratic Republic of Congo unless it gets more funds by the end of June. The company said it had consolidated working capital of about $149.8 million as of March 31, down from $201.7 million at Dec. 31.

  • Lightning Round: Westport Innovations, Opko & More Tuesday, 6 May 2014 | 6:48 PM ET

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  • TORONTO, May 6- Two workers at First Nickel Inc's Lockerby Mine have died in an accident underground at the Sudbury, Ontario operation, the company said on Tuesday. First Nickel said both workers were drillers, employed by Taurus Drilling Services.

  • *Aurizon sees West Pilbara Iron Ore producing from 2017-18. Monday's unsolicited A $1.14 billion offer to take over Aquila Resources Ltd could open up a new Australian iron ore export region to supply Asian steelmakers, by jumpstarting the $7 billion West Pilbara Iron Ore project, half-owned by Aquila.

  • Trucks load coal at the Baosteel Group Corp. facilities in Shanghai, China.

    Baoshan Iron and Steel (Baosteel) and Aurizon Holdings launched a A$1.14 billion ($1.06 billion) takeover bid for Aquila Resources.

  • METALS-Copper hits 7-week peak on firm China demand Thursday, 24 Apr 2014 | 9:34 PM ET

    SINGAPORE, April 25- London copper futures climbed to their highest level in seven weeks on Friday, buoyed by firm demand in top consumer China, while nickel edged off 14- month peaks. It was up $6 at $6,759 by 0114 GMT, after gaining $83 on Thursday.

  • SINGAPORE, April 23- London copper futures edged lower on Wednesday ahead of reading on China's manufacturing activity, with a further contraction likely to cut the appetite for risky assets, although nickel hit the highest in more than 14 months on tighter supply.

  • Rio Tinto Iron Ore Parker Point loading facility reclaimer is seen as part of the mining activities of British-Australian mining and resources company Rio Tinto Iron Ore, at Dampier in Western Australia.

    Rio Tinto posted an 8 percent drop in first-quarter shipments compared with the previous quarter due to weather disruptions in Australia and Canada.

  • WINNIPEG, Manitoba, March 13- Two junior potash producers working in unusual locations look set to shake off the most bearish industry conditions in five years and open new mines, helped by their proximity to Brazil and Africa, two of the world's most promising but under-served fertilizer markets.

  • RIO DE JANEIRO/ LONDON, March 10- Emerging stocks fell over 1 percent on Monday after poor Chinese export data re-ignited global concerns of a slowdown in the world's No. 2 economy and pushed Chinese shares to a five-year closing low.

  • Lightning Round: Tesla, Vale & more Wednesday, 5 Mar 2014 | 6:36 PM ET

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  • SYDNEY, March 4- London copper steadied on Tuesday, holding not far off three-month lows touched the day before as widespread risk aversion tainted sentiment already damaged by signs of shrinking manufacturing growth in top metals user China.

  • RIO DE JANEIRO/ SAO PAULO Feb 27- Vale SA, the world's largest iron ore producer, will continue reining in costs this year even as the outlook for prices and sales volumes is improving, its chief executive officer said on Thursday.