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Tag: vale

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Lara Exploration Acquires Tocantins Gold Project in Brazil

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.

Volatile Year in Store for Vale?

Seeking Alpha author Brandon Dempster took a look at Vale (NYSE:VALE) and the iron ore outlook, noting that the Brazilian miner is undervalued compared to its counterparts, BHP Billiton (NYSE:BHP) and Rio Tinto (NYSE:RIO). What does that mean for investors? Overall, Dempster belives the stock hasn’t hit its bottom quite

Vale Slashes Iron Ore Production Guidance

The Wall Street Journal reported this week that Brazilian mining giant, Vale SA, announced a cut to its production guidance for iron ore in 2016. With global surplus still weighing heavy on prices, the miner will be reducing its output by almost 10 percent.

According to The Wall Street Journal:
Vale, the

Shares of BHP Drop on News of Brazil Law Suit

The Wall Street Journal reported that shares of BHP Billiton (NYSE:BHP) fell sharply on Monday following news that the Brazillian government would sue both BHP and Vale over tailings dam disaster at the miners’ jointly owned iron-ore mine in Brazil in November.

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