Vale scores multi-year nickel supply deal with Tesla
Vale (NYSE: VALE), the world’s top nickel and iron ore producer, has inked a long-term deal with Tesla (NASDAQ: TSLA) that will see the Brazilian miner supplying the with electric vehicles (EVs)…
Vale
Plunging metals prices expected to rebound in H2 – report
Enduring Covid-19-linked lockdowns in the world’s largest metal consumer, China, are negatively impacting demand from end-use industries and sentiment towards the complex, resulting in lower metals prices, a new report…
U.S. regulator sues Vale for ‘false and misleading’ claims ahead of dam tragedy in 2019
The U.S. Securities and Exchange Commission (SEC) has charged Vale S.A. (NYSE: VALE) with making “false and misleading claims” about the safety of its dams ahead of the January 2019…
Vale to build US$345M ‘green’ pig iron plant in Brazil
Mining giant Vale (NYSE: VALE) has signed an agreement with the government of the northern Brazilian state of Pará to build a “green” pig iron plant in the city of…
Vale Canada to supply low-carbon nickel for EV market
Vale (NYSE: VALE) has struck a multi-year agreement to supply Swedish lithium-ion battery manufacturer Northvolt AB with low-carbon nickel from its Long Harbour refinery in Newfoundland. Details regarding volume and…
Update: Heavy rainfall temporarily halts Vale’s rail operations and production in Brazil
Owing to heavy rainfall in the eastern Brazilian state of Minas Gerais, Vale (NYSE: VALE) has partially suspended train service on its Estrada de Ferro Vitória a Minas (EFVM) rail…
US markets rise, Dec. 27-31
The Dow Jones Industrial Average rose 387.74 points or 1.08% to finish the trading week at 36,338.30 and the S&P 500 gained 40.39 points or 0.86% to 4,766.18. Spot gold…
Vale to sell Moatize coal mine to Vulcan for US$270M
Vale (NYSE: VALE) is selling its Moatize coal mine and the Nacala logistic corridor, a multibillion-dollar port and rail project in Mozambique, to Vulcan Minerals (TSXV: VUL) in a transaction…
Vale sells 50% stake in California Steel to Nucor for US$400 million
Vale’s (NYSE: VALE) Canadian subsidiary has agreed to sell its 50% stake in California Steel Industries (CSI) to Nucor (NYSE: NUE) for US$400 million, the company said. The Brazilian mining…
Canada Nickel expands footprint in Ontario with 13 new properties
Canada Nickel Company (TSXV: CNC) has concluded 18 separate transactions resulting in the outright acquisition or earn-in to 13 additional properties within a 95 km radius of the company’s flagship…
Canada’s Saskatchewan adds lithium to mining portfolio
Prairie Lithium, a private lithium resource and technology developer situated in the heart of Saskatchewan’s resource-rich Williston Basin, reached a milestone this week as it finished drilling the province’s first…
Video: Randy Smallwood discusses WPM’s Q3 performance, organic growth prospects
Wheaton Precious Metals (NYSE: WPM; TSX: WPM) has reported earnings per share and revenue for the three months ended September that missed the consensus mark, despite record revenue for the…