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  • Petrobras fuel tank explodes in Brazil, killing two Wednesday, 26 Aug 2015 | 4:42 PM ET

    RIO DE JANEIRO, Aug 26- A heating unit at a Petrobras depot in Brazil used to treat fuel for ocean-going ships exploded on Wednesday, killing two workers, the state-run oil company said in a statement. The blast and resulting fire broke out about 10 a.m. while workers were doing planned maintenance on the heating unit, said the press office of BR Distribuidora SA, the...

  • RIO DE JANEIRO/ SAO PAULO, Aug 18- Petrobras Chairman Murilo Ferreira dissented in a recent vote to sell a stake of at least 25 percent in the Brazilian state- controlled company's BR Distribuidora SA fuel distribution unit to help reduce debt, board meeting minutes showed. The 10- member board of Petróleo Brasileiro SA, as the oil producer is formally known,...

  • MELBOURNE, Aug 18- London copper subsided to fresh six-year lows near $5,000 a tonne on Tuesday, as sentiment worsened over China's economy, hitting demand already struggling due to slow summer factory activity and a stronger dollar. "Overall, there's no sign of positive news flow on the demand side for copper from China," said analyst Helen Lau of Argonaut...

  • *Coming Up: 1230 U.S. Housing starts, building permits July. MELBOURNE, Aug 18- London copper slipped towards six-year lows on Tuesday weighed down by slow summer demand and fitful economic growth in China, while a stronger dollar also raised headwinds for commodities. "Over all, there's no sign of positive news flow on the demand side for copper from China," said...

  • LONDON, Aug 14- Copper slipped on Friday in response to a stronger dollar and weak demand, even though there was relief that China's central bank appeared to have stopped guiding the yuan lower, returning some buying power to metal importers. The metal has had a volatile week, hitting a six-year trough of $5,062 a tonne in the wake of China's currency moves.

  • METALS-Copper edges lower amid China yuan worries Thursday, 13 Aug 2015 | 9:33 PM ET

    SYDNEY Aug 14- Copper eased slightly in early Friday trading with market attention focused on China's currency despite a steadier U.S. dollar, after this week's yuan devaluation made copper more expensive to import. *Shanghai Futures Exchange copper slipped 0.5 percent to 39,430 yuan a tonne. *Vale SA declared an emergency at its Copper Cliff smelter in Sudbury,...

  • SAO PAULO, Aug 5- The board of Vale SA, the world's largest iron ore producer, on Wednesday approved plans to raise 1 billion reais from the sale of debt notes to expand the railway system at its Carajas ore mine. Credit ratings agency Moody's Investors Service rated the senior unsecured notes at Baa2, the second-lowest investment-grade ranking, with a "negative"...

  • 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...

  • Rio Tinto posts sharp rise in iron ore output Thursday, 16 Jul 2015 | 3:02 AM ET

    Rio Tinto Thursday posted a sharp rise in second quarter iron ore output from a year ago as it battled to maintain its top market position in China.

  • 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...

  • How badly did miners suffer last year? $156B bad Monday, 15 Jun 2015 | 11:45 PM ET
    Trucks at an iron ore mine

    The world's biggest miners lost $156 billion of their combined market value last year, according to new data, and the losses could keep flowing.

  • Cramer: Good news stashed under the market hood Wednesday, 10 Jun 2015 | 6:12 PM ET
    Looking under the hood

    Jim Cramer saw a few good signals in the economy on Wednesday, but it takes a trained eye to be able to see them.

  • 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...