Monday 8 February 2016
 
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Vale

Brazil sues BHP, Vale for $5bn over mine disaster

Brazil filed a lawsuit on Monday against two of the world's largest mining companies for 20 billion Brazilian reais ($5.2 billion) to clean up what it says was its worst environmental disaster, caused by the collapse of a tailings dam.

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Brazil to sue BHP, Vale for $5bn over dam burst

Brazil's federal and state governments plan to sue the owners of the Samarco iron ore miner for 20 billion reais ($5.24 billion) in damages caused by the burst of a tailings dam, Environment Minister Izabella Teixeira told reporters on Frida

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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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