BHP and Vale have proposed a $1.4 billion settlement in a high-stakes UK lawsuit tied to the tragic 2019 Brazil dam disaster, the Financial Times reports. This groundbreaking case addresses the enormous liabilities arising from the catastrophic collapse that caused widespread devastation
Exclusive: Miner Vale has missed the critical deadline to secure power connections for its expanding nickel complex in Brazil, putting production targets at risk and clouding the project’s timeline with uncertainty
Vale has announced a dip in iron ore production for the first quarter, primarily attributed to the heavy rains sweeping across Brazil that have hampered mining activities. This weather-related disruption poses significant challenges for the company as it strives to sustain its production levels. With these adverse conditions in play, concerns are mounting regarding future supply stability.
Vale’s CEO announced improved relations with the Brazilian government following a tumultuous period last year marked by tensions over regulatory issues. This shift signals a potential stabilization for the mining giant as it navigates operational challenges.
