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Vale Says Samarco Dam Failure Will Cut Output at Nearby Mines

Mining Weekly reported that Vale (NYSE:VALE) said the Samarco iron ore mine flood caused by the collapsed tailings dam will cut output from two nearby mines.

As quoted in the market news:
Iron-ore output from Vale’s Fábrica Nova and Timbopeba mines will be cut by three-million tonnes in 2015 and by nine-million

Resource Market Weekly Recap

Increasing nervousness and uncertainty about the European debt crisis has acted as a drag on the commodities and base metals sectors this week. China is also creating interest for investors in a number of resource based industries, with impacts in the diamond polishing, as well as the lithium and lead

Vale Stops Production at Amazon Nickel Mine

Vale (NYSE:VALE) halted production at its Onça Puma nickel mine in the Amazon, Reuters reported. The operations are seeing regular protests and legal action due to disputed payments to indigenous communities in the area.

Blackheath Resources Reports 11m of 2.09% Tungsten at Vale das Gatas

Blackheath Resources Reports 11m of 2.09% Tungsten at Vale das Gatas

Blackheath Resources Inc. (TSX:BHR) announced results from a recent work program at the Vale das Gatas Tungsten Mine in Portugal, as well as previously unreported historical reserve estimates. Highlights from the work program include an underground sample of stockwork totalling 11 metres averaging 2.09% tungsten trioxide.

Blackheath Resources Inc. (TSXV:BHR) has an extensive portfolio that includes 5 of the top 7 past-producing tungsten mines in Portugal and also has options for 100% interests in four other past-producing tungsten and tin projects in the region including Borralha, Bejanca, Vale Das Gatas and Adoria. The Borralha 2014 drill program results included assay intervals of 0.18% WO3 over 62 metres and 0.24% WO3 over 29 metres. Learn more about this world class deposit
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