Reuters reported that the Brazilian government won’t allow operations to resume at the Samarco mine until tailings leaks are stopped. The mine is jointly owned by Vale SA (NYSE:VALE) and BHP Billiton Ltd. (ASX:BHP,LSE:BLT,NYSE:BHP).
Reuters reported that New Caledonia plans to allow two companies to export nickel ore to China. The move will end a longstanding ban — New Caledonia has been resisting selling ore directly to large countries like China in order to preserve its domestic smelting and refining industry.
A recent article by Proactive Investor highlighted that Avanco Resources Limited (ASX:AVB) has now triggered a copper concentrate production ramp-up at the Antas development in Brazil.
Reuters reported that the Brazil-based Samarco iron ore mine, whose tailings dam burst last year, killing 19 people, will restart production by the start of Q4 2016. Samarco is a joint venture between Vale SA (NYSE:VALE) and BHP Billiton (ASX:BHP,LSE:BLT,NYSE:BHP).
Fortescue Metals Group Ltd. (ASX:FMG) announced that it’s entered into a non-binding memorandum of understanding (MOU) with Vale SA (NYSE:VALE).
Mining Weekly reported that BHP Billiton (NYSE:BHP) and Vale (NYSE:VALE) have reached a settlement with Brazillian Authorities regarding a 2015 tailings dam breach at its Samarco project.
In a recent interview with Proactive Interview Avanco Resources Limited (ASX:AVB) Managing Director, Tony Polglase, highlighted the development of two high grade copper projects within one of the best-endowed mineral districts in the world, the prolific Carajas mining region of Brazil.
Glencore (LSE:GLEN) reported a $5 billion loss for 2015, according to the Wall Street Journal, which makes last year one of the company’s worst ever performances. However, CEO Ivan Glasenberg was quoted as saying on a call with reporters, “Have we bottomed? I think so.”
Reuters reported that a Brazilian judge has blocked $127 million worth of the assets of Samarco Mineracao SA, a joint venture between Vale SA (NYSE:VALE) and BHP Billiton Ltd. (ASX:BHP,LSE:BLT,NYSE:BHP).
The Financial Times reported that iron ore prices jumped to their highest point in three months on Tuesday, spurred on by seasonal restocking by China’s steel mills. Overall, iron ore is up 5 percent so far in 2015 — it’s outperformed most commodities aside from gold.
Lara Exploration (TSXV:LRA) has entered an agreement with Brazil Americas Investments & Participation Mineração to acquire the Tocantins gold project in central Brazil. Lara will assume project costs going forward, and will pay Brazil Americas 50% of any proceeds from the eventual sale of the project to a third-party.
Managing Director Tony Polglase gives some insight on Avanco’s exciting projects in the world-class Carajás mineral province of Brazil.
Reuters reported that according to Brazil’s attorney general, Samarco Mineracao and the Brazilian government are closer to settling a $4.8-billion lawsuit related to a November tailings dam breach.
The Australian Financial Review reported that iron ore prices saw gains this week after Vale (NYSE:VALE) temporarily closed one of its ports in Brazil due to alleged environmental breaches.
Worries about cobalt supply were not quelled in the fourth quarter of 2015. Now questions remain over whether a significant shortage will hit the industry in 2016.