Vale names CFO Gustavo Pimenta as next CEO
The Brazilian executive will succeed Eduardo Bartolomeo following a messy succession process.
Iron Ore
Canada imposes tariffs on Chinese EVs, steel to boost mining sector
Canada on Monday introduced weighty tariffs on steel, aluminum and electric vehicle (EV) imports from China in a move the government said will protect the mining sector and domestic jobs…
Canadian rail lines restore service but supply snags need to be smoothed
Canada’s rail disruption has ended after Ottawa imposed binding arbitration but cargo piled in loading yards could take a few weeks to sort out, officials said. Workers at Canadian National…
Vale pegs cost for carbon-free mining and steelmaking at over US$1T
Vale’s CFO said that the biggest challenge is to reduce the cost of the energy transition.
Feds end Canada’s rail strike
Ottawa has stepped in to end a rare strike halting both of Canada’s major railways less than a day after it began. Labour Minister Steve MacKinnon on Thursday afternoon ordered…
Why this week’s market mayhem doesn’t signal a complete meltdown
Global markets have experienced spectacular moves this week, led by Japan’s Nikkei index. It tumbled 12% on Monday, then recovered 11% on Tuesday! Incredible whipsaw action — But that’s not what…
Rio Tinto open to major acquisitions to meet copper goals
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) said on Wednesday it would contemplate a significant copper acquisition if it added exceptional value, but noted that buying quality assets in…
Anglo American takes US$1.6B writedown on UK mine
Anglo American (LSE: AAL) swung to a loss in the first half of the year after taking a fresh US$1.6 billion writedown on its Woodsmith fertilizer project in the U.K.,…
Vale to develop low-carbon iron in Brazil, US and Middle East within a year
Three projects were already announced for Oman, Saudi Arabia, and the United Arab Emirates.
Vale Metals appoints mining veteran Shaun Usmar as CEO
Vale Base Metals, Vale‘s (NYSE: VALE) Canadian-based spinout of its metals business created last year, has appointed mining veteran Shaun Usmar as its new chief executive officer. Usmar brings over…
Serbia inks lithium memos with EU amid Jadar’s revival
Serbia, the European Union and Germany inked a series of agreements on Friday that may grant EU members as well automakers Mercedes Benz and Stellantis exclusive access to Serbian lithium. …
Ukraine seeks experts to revive war-ravaged steel sector
Ukraine is issuing a call for international mining experts to boost its steel industry accounting for about a tenth of the economy as the war crushes infrastructure and takes most…