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  • RIO DE JANEIRO, July 30- Vale SA, the world's biggest iron ore producer, returned to profit in the second quarter, bolstered by higher output and cost cuts as it kept up pressure on Australian rivals in its fight for market share. A big part of the improved result was a reduction in cash costs, with Vale lowering its cost of producing a tonne of iron ore to $15.8 per tonne,...

  • RIO DE JANEIRO, July 30- Vale SA, the world's biggest iron ore producer, returned to profit in the second quarter, bolstered by higher output and cost cuts as it kept up pressure on Australian rivals in the fight for market share. A big part of the improved result was a reduction in cash costs, with Vale lowering its cost of producing a tonne of iron ore to $15.8 per tonne,...

  • RIO DE JANEIRO, July 30- Vale SA, the world's biggest iron ore producer, returned to profit in the second quarter, bolstered by higher output and cost cutting and keeping up pressure on Australian rivals in the fight for market share. A big part of the improved result was a reduction in cash costs, with Vale lowering its cost of producing a tonne of iron ore to $15.8 per...

  • RIO DE JANEIRO, July 29- Brazilian miner Vale SA will likely announce its first profit in a year when it publishes second-quarter results on Thursday, bolstered by a recovery in iron ore prices during the period, a survey of analysts showed. The price of iron ore has halved over the past 12 months, touching its lowest level in over a decade, as supply from new mines...

  • U.S. steel companies in June had filed a complaint with the U.S. government over cheaper imports of corrosion-resistant steel from China, India, Italy, South Korea and Taiwan, kicking off a process that could end in import duties. Cliffs has taken a hit from weak prices for iron ore, caused by excess supply from major iron ore miners such as Vale SA, Rio Tinto Plc and BHP...

  • SHANGHAI, July 3- China said on Friday it will allow 400,000- deadweight tonne ships to dock at its ports, officially ending a more than three-year ban that had effectively shut out Brazilian miner Vale SA's giant vessels. Four domestic ports- Qingdao, Dalian, Tangshan Caofeidian and Ningbo- will be allowed to receive the carriers after they meet technical...

  • SAO PAULO, June 24- Brazilian miner Vale SA could raise about $1.5 billion through the sale of a stake in one of its Brazil- based assets, a senior executive said on Wednesday. Such a recovery has remained illusive with nickel down 30 percent in the last year to $12,760 a tonne. Chief Financial Officer Luciano Siani told Reuters in December the IPO would only go ahead...

  • BUENOS AIRES, June 9- Brazil's Vale SA is in negotiations with various investors to sell its suspended Rio Colorado potash mine in Argentina and a deal could be sealed by October, Argentine Mining Secretary Jorge Mayoral said in an interview on Tuesday. The company had asked for the breaks as global potash prices dropped, to help ease soaring costs it attributed...

  • BUENOS AIRES, June 9- Brazil's Vale SA is in negotiations with various investors to sell its suspended Rio Colorado potash mine in Argentina and a deal could be sealed by October, Argentine Mining Secretary Jorge Mayoral said in an interview on Tuesday. Vale, the world's second-largest mining company, has completed 45 percent of the Rio Colorado project and...

  • CONCEIÇÃO DO MATO DENTRO, Brazil, June 1- A giant truck carries chunks of sparkling mountainside to a web of yellow conveyor belts at a huge mine in eastern Brazil, a few more hundred tonnes of iron ore that are good for its owner Anglo American but bad for a battered global market. "We'll be competitive wherever the price is," Paulo Castellari, the iron ore head for...

  • BRASILIA, May 15- The corporate investment wing of Brazil's national development bank reported a first quarter loss of 891 million reais due to falling share prices, the bank, known as BNDES, said on Friday. A year ago, the holding company, BNDES Participações SA, posted a profit of 181 million reais. The portfolio of BNDESPAR, as the BNDES unit is known, includes...

  • BRASILIA, May 13- Caixa Econômica Federal, Brazil's top mortgage lender, and the Industrial and Commercial Bank of China Ltd will create a $50 billion fund for Brazilian infrastructure investments, two government sources with knowledge of the plans said on Wednesday. The governments agreed the fund will finance a railway link from Brazil's Atlantic coast to...

  • Li will travel to Brazil, Colombia, Peru and Chile on the May 17-29 trip, and, as is common with visits by top Chinese leaders to resource-rich nations, will sign what will likely be a series of impressive agreements. China, the world's second-largest economy, is buying oil from Venezuela, copper from Peru and Chile and soybeans from Argentina and Brazil, for example.

  • BELO HORIZONTE, BRAZIL, May 11- Anglo American may increase capacity at its Minas-Rio iron ore mine in Brazil by nearly 10 percent, a move that could cut unit costs at the troubled $13 billion project, the company's Brazil chief executive said on Monday. Production volume could rise as high as 29 million tonnes in the 2018-2020 period, 9.4 percent more than the...

  • BELO HORIZONTE, BRAZIL, May 11- Anglo American may increase capacity at its Minas-Rio iron ore mine in Brazil by nearly 10 percent, a move that could cut unit costs at the troubled $13 billion project, the company's Brazil chief executive said on Monday. Production volume could rise as high as 29 million tonnes, 9.4 percent more than the mine's expected capacity of...

  • BHP spin-off South32 sees M&A opportunities Wednesday, 6 May 2015 | 4:46 AM ET

    Newly formed mining and metals group South32 is open to acquisitions once it breaks from BHP Billiton, its CEO-elect Graham Kerr said on Wednesday.

  • RIO DE JANEIRO, April 30- Brazil's Vale SA said on Thursday it could reduce forecasted iron ore production by up to 30 million tonnes over the next two years, as the miner tries to resuscitate margins in the midst of a severe price slump. In a major strategy shift following Vale's third quarterly loss in a row, executives said they would focus on improving margins...

  • RIO DE JANEIRO, April 30- Brazil's Vale SA said on Thursday it expects to replace some old higher-cost iron ore production as new capacity comes on stream, the clearest sign yet the miner could cut future output forecasts due to weak prices. Any move to curb output growth by the world's largest producer of iron ore will be closely watched by a market currently in...

  • Brazil's Petrobras names new board members Wednesday, 29 Apr 2015 | 5:37 PM ET

    RIO DE JANEIRO, April 29- Shareholders of Petrobas, Brazil's state-run oil producer, elected new members to the board of directors on Wednesday, outgoing board member Silvio Sinedino told Reuters. Murilo Ferreira, chief executive of miner Vale SA, will take over as chairman of the board at Petrobras, or Petroleo Brasileiro SA, Sinedino added.

  • April 29- Cliffs Natural Resources Inc, which is struggling to cope with oversupply in the iron ore market, blamed industry leaders BHP Billiton Ltd, Rio Tinto Plc and Vale SA for weak prices of the commodity. But Wolfe Research analyst Gordon Johnson said "the idea that someone is going to buy coal assets from Cliffs is highly unlikely," noting that the company has...