News Articles for Vale

BHP has reached a $110 million settlement with shareholders who alleged it did not meet its market disclosure obligations in relation to the Samarco mine collapse almost a decade ago.

Mining technology business K2fly has delivered a 20 per cent boost to its annual recurring revenue, with new sales and contract renewals driving the key performance metric from $7.5 million in the fourth quarter of FY23 to $9 million in the fourth quarter of FY24. Cash receipts from customers of $4.6 million also jumped by 28 per cent during the same period.

Mining software provider K2fly has recorded a remarkable 15 straight quarters of annual recurring revenue (ARR) growth, which it says has been driven by contract renewals from two major clients. According to its March quarterly report, the company delivered an ARR of $8.3 million in the first three months of the calendar year, representing a 19 per cent increase compared to the previous corresponding period.

Strickland Metals has entered the lucrative Serbian gold game after acquiring the Rogozna project that already boasts a whopping resource of 5.44 million JORC-compliant ounces of gold equivalent. The company says advanced exploration targets at Rogozna offer near-term growth, with diamond drilling outside of the existing resource going as high as a staggering 352m at 2.1 grams per tonne gold equivalent from 240m.

The world's largest iron ore and nickel producer, Brazilian powerhouse Vale, has contracted Perth based ASX-listed company K2fly to supply its unique mining software across 69 of its sites for at least three years. The deal will add almost half a million dollars a year to K2fly's all important “annual recuring revenue” figure that many software as a service companies are judged on.

Adriatic Metals has drawn down the first $30m tranche from a $142.5m debt package to keep the wheels spinning on its Vares silver mine development in central Bosnia and Herzegovina. The project has passed the halfway mark of construction, is fully-funded and is on track to begin processing by September 2023. The company is also committing to legacy projects in a once-thriving nearby community.

Australian mining expertise and minerals are in demand in a world hungry for energy as executives gather for their biggest conference since the pandemic.

Blackstone Minerals' recent drilling program at the company's Gold Bridge gold and nickel-copper project in British Columbia has returned a series of mineralised sulphide hits in Canada's western-most province. After the successful results, the company is gearing up for more exploration on the country's eastern coast.

Resources companies are working together to hasten development of lower-emission vehicles and equipment.

Listed contractor Macmahon Holdings has secured further work at the Tropicana and Telfer mines in Western Australia, with the contracts worth more than $600 million in total.

ASX-listed mining technology company K2fly has laid out plans for an executive changing of the guard with Chief Commercial Officer and veteran industry leader Nic Pollock to take the helm as Chief Executive Officer from the start of September this year. Current CEO Brian Miller says he remains committed to the company and will continue as an Executive Director.

Iron ore majors BHP, Rio Tinto and Vale have launched a global competition for tech innovators, aimed at developing new concepts to electrify the mining industry's substantial haul truck fleet.

Rio Tinto has reported a slump in quarterly iron ore production and disclosed issues with plant reliability and labour availability but still maintained full-year guidance.

BHP has raised its iron ore expectations for the first half of the financial year, following record production in the Pilbara and a restart of its Brazilian operations.

Andrew Forrest is $2.7 billion richer after the iron ore price rose to a seven-year high, while Chris Ellison's stake in Mineral Resources has grown by $53.4 million.

Expansion plans are in the works for some of WA's biggest exporters, but commodity prices and projects face uncertainty.

Almost half of revenue reported by WA's top 20 public resources companies can be attributed to iron ore miners amid an industry boom.

More than 200,000 Brazilian people and groups will next week kick off a £5 billion ($A9 billion) lawsuit against Anglo-Australian miner BHP in Britain over a 2015 dam failure that led to Brazil's worst environmental disaster.

Iron ore miner Vale has been ordered by a Brazilian court to shut down one of its mining hubs to help address the spread of COVID-19, adding to a string of supply disruptions that have bolstered the commodity's price.

Brazilian mining company Vale will help fund the acquisition of its struggling Goro nickel-cobalt operations in New Caledonia in a deal under discussion with New Century Resources.

Investors have welcomed Centaurus Metals' announcement that it raised $10 million via a share placement to underpin an exploration and development program at its recently acquired Jaguar nickel sulphide project in Brazil.

Shares in Australia's big three iron ore miners have broadly stabilised today after suffering big falls in recent trading sessions, in line with a dramatic collapse in the iron ore price, which is down more than $US23 per tonne since its peak last month.

Brazilian iron ore miner Vale SA has told prosecutors in the state of Minas Gerais that a dam is at risk of rupturing at its Gongo Soco mine, about 65km from the site of its Brumadinho dam collapse that killed more than 230 people.

A Brazilian court has ordered Vale SA, the world's largest iron ore miner, to suspend operations at two more dams, demanding that it prove the structures are stable.

BHP and joint-venture partner Vale have reached a framework agreement with Brazilian prosecutors to negotiate settlement of a $A55.35 billion claim relating to the fatal 2015 Samarco mine disaster.

Emerging Goldfields explorer NTM Gold Limited (ASX: NTM) (“NTM” or “the Company”) is pleased to announce it has raised $1.5 million in a heavily oversubscribed placement of new shares.

A Brazilian court has granted an additional 150 days for BHP Billiton, Vale and their joint venture, Samarco, to negotiate a settlement of multi-billion dollar public civil claims over the 2015 mine dam collapse in that country.

Perth explorer Orinoco Gold has announced plans to buy out its joint venture partners at the Cascavel mine for $US6.3 million in cash and shares, while both its managing director and chairman have tendered their resignation.

Mineral sands minder Iluka Resources says it has agreed with joint venture partner Vale to end plans to develop a titanium project in Brazil after deeming it unfeasible.

Global miner BHP Billiton does not yet know what caused a tailings dam to burst at an iron ore mine in Brazil, killing at least two people and leaving 28 missing.

Finalists in the 2015 Entrepreneur of the Year awards show how technology and innovation can enable rapid growth, even in mature industries.

Iluka Resources has teamed up with iron ore producer Vale to evaluate and potentially develop a major titanium bearing deposit in Brazil.

Aquila Resources says it has resolved its differences with joint venture partner Vale, with the two parties agreeing to the settlement of a long-running legal dispute related to their Eagle Downs coking coal project.