Brazilian iron ore mining giant Vale is in talks with the Alcantara Port Terminal on Brazil's northern coast to increase iron ore shipments to China – a move that aligns with China's recent ...
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Still, the fortunes of Vale and the state are closely intertwined. The mining sector accounts for 4% of Brazil's gross domestic product, with iron ore among the country's top exports. Vale is ...
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Australian mining giants Rio Tinto and Fortescue Metals Group have joined BHP Group in reporting record shipments of iron ore, the bulk of it to China, as an infrastructure and property ...
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It is noted that the climatic hazard is the major factor for the import volume due to the price fluctuations in iron ore. For example, Vale's dam break decreased 21.49% of the iron ore production in 2019, and Australia decreased the 3.53% of export volume because of Cyclone Veronica's impact on Port Hedland Dampier (March of 2019).
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Brazilian iron ore miner Vale SA said on Thursday it will start supplying a new iron ore product 'GF88', hematite or ground fines used for pelletizing, in the first quarter of 2020. Vale, the ...
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Agreements involve decarbonization solutions, as well as financial, technical and economic research cooperation. Vale announced on Wednesday, 29th, the signing of seven agreements with different …
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Vale signs iron ore shipping deal to China for 16 million mt/year. Top iron ore miner Vale has secured another major iron ore shipment deal into China for 16 …
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Market: Metals. 11/01/17. Brazilian mining company Vale is seeking to double the amount of iron ore it blends in China next year. The company is in talks with Chinese port …
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Brazilian mining company Vale S.A (NYSE:VALE) has reached an agreement with China Ocean Shipping Co. (Cosco) for iron ore transportation, helping the company cut costs amid slumping prices for the metal.. The agreement calls for Vale to transfer ownership of four iron ore carriers (400,000 deadweight tons) to Cosco. The …
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Brazilian iron-ore giant Vale plans to keep its production of the steelmaking ingredient steady next year, potentially offering some support to the recent price rally. The world's second-largest ...
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Brazilian miner Vale has been shipping a larger proportion of iron ore products to China at the expense of Europe and other Asian customers at a time of …
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Image courtesy of Vale. Vale SA, the world's No. 2 iron ore producer, churned out more of the steelmaking ingredient than expected last quarter to add further pressure to prices that have been ...
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As evident in Fig. 1.2, the world's production of usable (processed) iron ore has increased from about 970 million tons in 2000 to 2.45 billion tons in 2019. Australia is the largest iron ore producing country, producing approximately 919 million tons of usable ore in 2019, equivalent to about 37% of the world's iron ore production.
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Vale's Iron Ore and Steel Exports Continue to Recover After Mining Disaster | S&P Global Market Intelligence. VALE'S PAST ITS EXPORT TROUGH. BRAZIL'S U.S.-BOUND STEEL RISE DESPITE BINDING QUOTAS. Gain …
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Brazil's iron ore mining giant Vale and Anglo-Australian minerals and mining giant Rio Tinto produced more iron ore, which capesize bulk carriers carry to China, in Q1 2023 than they did in Q1 2022. Brazilian mining behemoth Vale extracted 79.3 million metric tonnes of iron ore in Q1 2023, marking an 11% surge from Q1 2022.
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Iron ore producers are looking for new areas of growth after being able to depend on explosive demand from China for the past two decades. Vale, which currently sells about 63% of its iron ore to ...
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• Vale's Q4 performance was marked by strong iron ore fines and nickel sales, up 24% and 30% q/q respectively, converting into sales the inventories formed in the previous quarter. • Iron ore production totaled 308 Mt in 2022, 2% lower y/y, mainly due to (i) licensing delays at Serra Norte; and (ii) jaspilite waste processing and ...
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Vale S.A. VALE reported iron ore production of 86.2 million tons (Mt) for the third quarter of 2023, which was down 4% year over year. This was mainly due to lower run-of-mine production from the ...
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The US$624 million project in Zhoushan, Zhejiang province, is particularly strategic for Vale as it increases the amount of iron ore the miner can ship to China.
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The mining giant is likely to lose its position as the world's biggest producer of iron ore this year to Anglo-Australian rival Rio Tinto, which pegged its expected 2020 shipments at 324 million ...
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The mining giant noted that segmentation and supply challenges in the global iron ore market were expected to "further widen the quality gap" ahead, helping drive the average premium for ...
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The company's iron ore production grew 4.3% in 2023 to 321.15 million tons, topping its own estimate for the year. It expects to produce between 310 million and 320 million tons of iron ore in 2024.
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Vale, which plans to double iron ore shipments to China in the next five years, currently supplies 12 percent to 14 percent of the country's iron ore. The …
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In a separate announcement, the company said it completed the previously agreed sale of four other large iron ore carriers to China Ocean Shipping (Cosco) and hopes to receive $445m from the sale in June. On 15 May, has completed a $3bn syndicated revolving credit facility, which would replace the $3bn line that was signed in …
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Shipment at Ponta da Madeira was at 41.7 million tonnes as of March 31st. "High rain volumes at major ports will continue to represent a challenge for Brazilian players during 1Q. So far, Brazil ...
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The average price of Vale's iron ore was $105.1 per ton in the quarter, up 13.5% from a year ago. Copper production grew 9.8% to total 81,600 tons, mostly due to the ramp-up of Vale's Salobo ...
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Vale's April exports were 45.5% higher than in April 2019, when shipments from southern Brazil started to slowly recover after safety checks were imposed after the Brumadinho dam disaster. "Vale's exports of iron ore climbed 45.5% in April as the result of a 230.1% surge in shipments to China. Again, though, that has come from a low base ...
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Global iron ore shipments hovered at almost the highest level in three ... The most-traded May iron ore on China's Dalian Commodity Exchange ended daytime trade 3.21% lower at 875 yuan ($121.57 ...
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Brazil's Vale SA (NYSE:VALE), the world's No. 1 iron ore exporter, is planning to double its exports to China within five years, the …
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The Shulanghu Ore Transfer Terminal. ( Image courtesy of Ningbo Zhoushan Port Group. Brazil's Vale (NYSE: VALE) has begun producing high-grade iron ore fines for pelletizing at its new three ...
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