Wednesday 5 August 2015
 
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Vale

Vale to fightback Rio, BHP for iron ore supply to China

As Rio Tinto and BHP Billiton ship more iron ore than ever to China, the Australia mining giants face a fightback from Brazil's Vale for market share that threatens to drive already weak prices even lower. The Australian compa

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Brazil's Vale sees potash mine sale by Oct

Brazil's Vale SA is in negotiations with various investors to sell its suspended Rio Colorado potash mine in Argentina and a deal could be sealed by October, Argentine Mining Secretary Jorge Mayoral said in an interview on Tuesday.

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Brazil's Vale may seek to settle Rio Tinto lawsuit

Rio Tinto declined to comment on Monday on whether it would be willing to settle a lawsuit it brought against Brazil's Vale over valuable iron ore concessions in Guinea. Vale's general counsel said last Friday the company

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Vale, Glencore end talks over Canada nickel deal

Vale and Glencore have broken off talks over combining their nickel assets in Canada in a deal that could have produced over $1 billion in annual cost savings, sources close to the matter said. The discussions over linking the two

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Vale, Glencore end talks over Canada nickel deal

Vale and Glencore have broken off talks over combining their nickel assets in Canada in a deal that could have produced over $1 billion in annual cost savings, sources close to the matter said. The discussions over linking the two

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3M eyes 20pc growth in ME consumer business

The diversified product offering of 3M, a major innovation company, in the Middle East will contribute to a robust growth of 20 per cent for consumer business in 2013, said a senior official. “The Middle East is one of the f

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Vale Sohar plant achieves full capacity

Vale, a global diversified mining company, has achieved full production capacity of 9 million tons per year of direct-reduction pellets at its $1.36 billion industrial complex in the Port of Sohar. By creating a ‘virtual iron ore mine’, t

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Vale to spend $700m on Oman plant expansion

Brazilian mining giant Vale said on Saturday it was planning to spend up to $700 million to double its production of iron pellets in Oman. Oman Vale, a subsidiary of Vale, in which state-run Oman Oil Company owns a 30 per cent stake, start

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Oman Oil buys 30pc stake in Vale unit

Oman Oil Company, the state investment arm of the non-Opec producer, has signed an agreement to buy 30 percent of a subsidiary of Brazil's Vale in the sultanate, a statement said. "Oman Oil Company signed an agreement to buy 30 percent sta

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Vale signs iron pellets deal with Saudi Arabia

Brazilian miner Vale, the world's largest iron ore producer, said it closed a 10-year contract to supply 3.3 million tonnes per year of iron pellets to Saudi Arabia's Saudi Basic Industries Corp. 'It is an important region to u

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