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  • Desperate Chinese steelmakers dump iron ore stocks Friday, 4 Dec 2015 | 3:34 AM ET

    SHANGHAI/ MANILA, Dec 4- Cash-strapped Chinese steel mills are dumping iron ore stocks, selling at a loss to shore up cash flow in the latest sign of the sector's worsening crisis, steel mill and trader sources said. This week, prices for the raw material hit their lowest in a decade at $40.30 a tonne, while futures contracts fell to record lows of $33 a tonne for 2016....

  • RIO DE JANEIRO, Dec 2- Brazil's attorney general has asked the supreme court to uphold the closure of Brazilian mining company Vale SA's Onça Puma nickel mine for allegedly failing to meet the terms of its environmental license, the prosecutor said on Wednesday. Located in Brazil's Amazon region, Onça Puma produced 5,900 tonnes of nickel in the third quarter,...

  • NEW YORK, Dec 1- Brazil's Vale SA said November's deadly mining disaster could cost it at least $443 million, but it was too early to put a price tag on what it expects to be a long clean-up from the pollution spilled in the dam burst. Chief Executive Officer Murilo Ferreira said environmental recovery from the disaster on Nov. 5 at the Samarco joint venture co-owned...

  • NEW YORK, Dec 1- Brazil's Vale SA said November's deadly mining disaster could cost it at least $443 million, but said it was too early to put a price tag on what it expects to be a long clean-up from the pollution spilled in the dam burst. Chief Executive Officer Murilo Ferreira said environmental recovery from the disaster on Nov. 5 at the Samarco joint venture...

  • NEW YORK, Dec 1- Brazil's Vale SA prepared investors on Tuesday for a difficult 2016, unveiling a plan that includes about $6 billion in capital investment cuts and $443 million in expected costs to clean up a November mine disaster. CEO Murilo Ferreira said environmental recovery from last month's dam burst at the Samarco joint venture co-owned with BHP...

  • RIO DE JANEIRO/ SAO PAULO, Dec 1- Brazil's Vale SA prepared investors for a difficult 2016 on Tuesday, unveiling a plan that includes about $6 billion in capital investment cuts and $443 million in expected costs to clean up a November mine disaster. Ahead of the Rio de Janeiro- based mining company's annual "Vale Day" event in New York later Tuesday, Chief Executive...

  • Early movers: AMZN, ALL, YUM, JNJ, T, CC & more Tuesday, 1 Dec 2015 | 7:55 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • Wall Street enters make-or-break final month of 2015 Tuesday, 1 Dec 2015 | 7:39 AM ET

    U.S. stock futures pointed to a higher opening on Wall Street this morning on the first day of December, after November managed to eke out a second consecutive month of gains.

  • SAO PAULO, Dec 1- Brazilian miner Vale SA said in a Tuesday presentation that the impact of the Samarco dam burst could be $443 million in 2016 and that it planned to reduce investments by around $6 billion next year.

  • BRASILIA, Nov 30- Brazil filed a lawsuit on Monday against two of the world's largest mining companies for 20 billion Brazilian reais to clean up what it says was its worst environmental disaster, caused by the collapse of a tailings dam. The governments of Brazil and those of two states hit by the damburst sued iron ore operator Samarco and its co-owners, the...

  • BRASILIA, Nov 30- Brazil filed a lawsuit on Monday against two of the world's largest mining companies for 20 billion Brazilian reais to clean up what it says was its worst environmental disaster, caused by the collapse of a tailings dam. The governments of Brazil and those of two states hit by the damburst sued iron ore operator Samarco and its co-owners, the...

  • Early movers: WMT, LULU, AEO, LGF, SPLS, FB & more Monday, 30 Nov 2015 | 7:56 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • SAO PAULO, Nov 30- Murilo Ferreira quit as chairman of Brazil's Petroleo Brasileiro SA, the state-controlled oil company said on Monday, without disclosing the reason for his decision. Ferreira had been on a leave of absence since Sept. 14, and Nelson Carvalho replaced him on an interim basis. Prosecutors have accused Brazil's leading engineering firms of...

  • Wall Street may post 6th positive month of 2015 Monday, 30 Nov 2015 | 7:03 AM ET

    U.S. stock futures were higher on this last day of November, with the Dow, S&P 500, and Nasdaq looking to chalk up their 6th positive month of 2015 with one month to go.

  • The dam burst unleashed 60M cubic meters of waste that devastated a village, killed at least 13 people and polluted a major river valley.

  • BRASILIA, Nov 27- Brazil's federal and state governments plan to sue the owners of the Samarco iron ore miner for 20 billion reais in damages caused by the burst of a tailings dam, Environment Minister Izabella Teixeira told reporters on Friday. Samarco is a joint venture between the world's largest mining company, BHP Billiton Ltd, and the biggest iron ore miner,...

  • RIO DE JANEIRO, Nov 28- Brazilian iron ore miner Samarco has suspended payments to employees and suppliers because its funds have been frozen by courts in the wake of a deadly dam burst and destructive flood of muddy mine waste, the company said in a statement on Saturday. The company, a joint venture between Australia's BHP Billiton Ltd, the world's largest mining...

  • BRASILIA, Nov 27- Brazil's federal and state governments plan to sue the owners of the Samarco iron ore miner for 20 billion reais in damages caused by the burst of a tailings pond dam, Environment Minister Izabella Teixeira told reporters on Friday. Samarco is a joint venture between the world's largest mining company, BHP Billiton Ltd, and the biggest iron ore...

  • BELO HORIZONTE/ BRASILIA, Nov 27- With leaking windows, moldy walls and piles of paper where you might expect computers, the office of Brazil's National Department of Mineral Production speaks volumes about the regulation of the country's mining industry. Understaffed and underfunded because of long-delayed changes to Brazil's mining laws, the agency is now...

  • Can India revive the iron ore market? Thursday, 26 Nov 2015 | 10:22 PM ET
    An iron ore mine in Goa, India

    As India embarks on an aggressive drive to revamp its ailing infrastructure, Asia's third-largest economy may emerge as bright spot for iron ore.