Faster growth in world steel production and a likely rebound in prices for coking coal should help Brazilian mining giant Vale SA reduce the discount at which it sells its iron ore, a company executive said Thursday
SAO PAULO, Feb 28 (Reuters) - Brazilian stocks rose on Thursday with shares of iron-ore mining firm Vale advancing on its outlook for improved profit, but concerns over U.S. economic growth weighed on oil producers. http://www.reuters.com/article/2013/02/28/markets-latam-stocks-idUSL1N0BSA3S20130228
Vale has suspended work at its $5.9bn potash project in Argentina indefinitely as the world’s biggest producer of iron ore cuts back investment to the lowest level in three years.
http://www.ft.com/intl/cms/s/0/3d85149c-65c0-11e2-a3db-00144feab49a.html#axzz2IvFi8YmU
BRAZILIAN giant Vale is set to pay Aquila Resources $150 million for a 24.5 per cent stake in the Belvedere coal project after an independent valuer put a price on the interest to end a long-running dispute.
(Reuters) – Vale’s Indonesia unit (INCO.JK), the largest nickel producer in the country, is willing to increase its royalty payments in a renegotiated contract with the government, Chief Executive Nicolaas Kanter said on Friday.
http://www.reuters.com/article/2012/09/21/us-indonesia-mining-vale-idUSBRE88K0LJ20120921
Based on Inco process research at Toronto and Port Colborne involving more than 200 technical personnel over the last two and a half years, a comprehensive plan has been drawn up to produce an annual 100 million pounds of refined nickel from previously unexploited lateritic ores in New Caledonia.
http://www.sudburymuseums.ca/triangle/data/INCOTriangle-19700701.pdf
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