Vale’s Indonesia equity sale paves the way for billions in investment
A Canadian unit of Vale Base Metals, Vale’s (NYSE: VALE) copper and nickel spinoff, has agreed to sell a 14% stake in Vale Indonesia (PT Vale) to align with Indonesian…
Vale
JV Video: How Mundoro pulls well-heeled partners to find copper porphyries
Mundoro Capital (TSXV: MUN) has honed a strategy of attracting major mining partners to join its exploration efforts across its multinational portfolio of copper porphyry plays. The Mundoro team has…
Bravo Mining’s Luanga initial resource grows tonnages by up to 62%
Brazil-focused explorer Bravo Mining (TSXV: BRVO; US-OTC: BRVMF) shares surged on Monday after the company announced an initial resource estimate for its Luanga palladium-platinum-rhodium-gold-nickel project located in Pará state. The…
Vale weighs base metals IPO in three to four years
Vale (NYSE: VALE) is not seeking new partners for its Base Metals unit following a recent equity sale, but could consider an IPO for the unit within three or four years,…
Torngat Metals hopes to revive Strange Lake rare earths project in Quebec
Torngat Metals is advancing its longstanding Strange Lake rare earths project in northeastern Quebec toward both a feasibility study and permitting. Strange Lake could produce up to 55,000 tonnes of…
Vale taps BluestOne to repurpose nickel refinery waste in Brazil
Vale (NYSE: VALE) has inked a commercial off-take and non-binding deal with BluestOne, a Brazilian company that transforms waste to products for agriculture, to extract materials from its Onça Puma…
Brazil’s comptroller general alleges Vale corrupted inspection in Brumadinho case
Brazil’s comptroller general (CGU) has alleged in a report that Vale corrupted the “integrity” of the federal inspection system in the Brumadinho case. The collapse of the dam at Vale’s Corrego…
Manitoba declares itself Canada’s ‘critical metals Costco’
In announcing her Progressive Conservative Party’s new Critical Minerals Strategy in late July, Manitoba Premier Heather Stefanson declared the Prairie province open for mining business. “Manitoba is like the Costco…
Vale agrees to pay over US$106M in compensation to Minas Gerais evacuees
Vale (NYSE: VALE) has agreed to pay 527 million reais (US$106 million) in compensation to residents of Barão de Cocais, a town in Minas Gerais state, where residents were forced…
Hudbay Minerals closes second quarter with $14.9 million loss
Hudbay Minerals (TSX: HBM; NYSE: HBM) reported a net loss of $14.9 million in the second quarter of the year as the Canadian company allocated resources to the acquisition of…
BHP and Vale square off in London court over Samarco tailings disaster
Vale is challenging BHP’s claim that the two miners should split any fine over the deadly 2015 dam collapse in Brazil.
U.S. markets gain momentum during June 26-30 trading week
The Dow Jones Industrial Average rose 692.9 points or 2% to 34,407.6 and the S&P 500 gained 121.6 points or 2.8% to 4,450.4 during the June 26-30 trading week. Franco-Nevada…