Centaurus Hits Higher Grade Iron Ore in Brazil
Steel Guru reports that Centaurus Metals (ASX:CTM) has delivered higher grade iron ore results from its latest drilling program at its Candonga Iron Ore Project in Brazil.
Articles Tagged "brazil"
Cleveland Mining to Acquire 80% of 3 Iron Ore Projects in Brazil
Cleveland Mining Company Ltd. (ASX:CDG) has earned rights to acquire 80 percent of three iron ore exploration projects in Brazil. The ASX-listed company signed an MOU with BC Iron Ltd. (ASX:BCI) for acquiring the properties in the Brazilian states of Salvador de Bahia and Mina Gerais, through staged earn-ins.
Glencore Acquires Stake in Ferrous Resources
Bloomberg reported that Glencore International Plc has purchased a stake in Brazil iron ore miner, Ferrous Resources Ltd., to bolster its position in the market for iron ore.
Anglo American Considers Partner for Flagship Iron Ore Project
Reuters reported that Anglo American plc (LSE:AAL) is considering partnering up with another company to run its flagship Minas Rio iron ore project, which is located in Brazil. The project is currently struggling after being hit with delays and cost overruns.
Vale SA Could Lose Lead to Rio Tinto: Corporate Brazil
Bloomberg reported that the world’s largest iron-ore producer, Vale SA, is losing its lead to Rio Tinto, after production slid 0.8% due to aging mines and licensing delays.
Vale SA Q4 Iron Ore Output Higher Than Forecast
Bloomberg reported that Vale SA, which is the third biggest mining company in the world, posted higher iron ore output in the fourth quarter than six analysts’ estimates because of less rain in Brazil.
Iron Ore Miner MMX Appoints Carlos Gonzalez as New President
Reuters reported that Brazilian iron ore miner MMX has appointed mining veteran Carlos Roberto Gonzalez, who previously headed MMX parent company EBX Group, as the new president and head of investor relations.
China’s Valemax Ban Means Increased Iron Ore Shipping Costs for Vale
Reuters reported that Vale SA (NYSE:VALE) is losing between $2 and $3 per tonne in iron ore shipping costs as a result of China's ban on its Valemax ships. Since Vale cannot bring these ships to Chinese ports, it has to transfer its ore to smaller vessels at sea, which is more costly.
Vale to Spend $4.1 Billion on Brazilian Railway Expansion
Mineweb reported that Vale SA (NYSE:VALE) received permission from Brazil's environmental regulator to expand the Carajas railway by 786 kilometers. The expansion is central to Vale's plan to produce more iron ore in the Amazon and should be completed by 2017.
Vale Suspends Operations At Iron Ore Pellet Plants
Reuters reported Brazil's Vale SA (SAO:VALE5) will suspend operations at three Brazilian iron ore pellet plants and increase output of lower-value mine products.
