Vale’s fourth-quarter profit falls 35% on higher provisions over dam accident

Brazilian miner Vale reported on Thursday a 35% drop in fourth quarter net profit, missing analyst expectations by almost half, following higher provisions related to its Samarco joint venture and more taxable income.

Aboriginal group to inspect rock shelters for potential Rio Tinto damage

An Aboriginal group from Western Australia’s iron ore producing region will inspect an important cultural site in the coming days after it received a notice from Rio Tinto of possible damage, the group’s chief executive said.

BHP to review $9.7 billion charge over Brazil dam failure

BHP said on Friday it had yet to receive a formal notification from Brazilian authorities about a court decision sentencing it to pay 47.6 billion reais ($9.7 billion) in damage repairs over a burst tailings dam in 2015.

Plaintiffs demand 582m euros from TÜV Süd over Brazil dam burst

More than 1,400 plaintiffs are demanding over 582 million euros ($634 million) in damages from German industrial inspector TÜV Süd over its alleged role in the deadly collapse of a dam in Brazil, their lawyers said on Thursday.

Iron ore price logs second weekly gain on China stimulus, sound fundamentals

Mining News Pro - Iron ore rose for a second consecutive week, underpinned by stimulus-related optimism and supportive fundamentals in top consumer China, although gains narrowed on Friday on fear of possible government supervision.

Rio’s latest rock shelter damage highlights need for Aboriginal Voice, advocates say

Mining News Pro - Damage caused to an Aboriginal rock shelter by mining giant Rio Tinto in August underscores the need for better heritage protection laws and a greater say for Indigenous groups promised in this month’s Voice referendum, advocates say.

Iron ore price rallies on China fundamentals, but cap looms

Mining News Pro - The spot price of iron ore has climbed to a five-month high amid improving sentiment and some supportive fundamentals in China, the world’s top buyer of the steel raw material.

Vale loses bid to block BHP’s London lawsuit in Brazil dam case

Mining News Pro - Vale on Monday lost a bid to block BHP Group’s bid to have it share potential liability in a 36 billion-pound ($46 billion) London lawsuit over Brazil’s worst environmental disaster.

Boliden’s Ronneskar metals smelter damaged in fire, output halted

Mining News Pro - A fire broke out overnight at Sweden’s Ronnskar smelter, a major producer of copper, zinc, lead and other metals, and output from the site has been halted until further notice, plant owner Boliden said.

BHP says Vale must share damage costs in Fundao dam collapse lawsuit

Mining News Pro - Although Samarco, a joint venture between BHP and Vale, operated the dam, the class action involving around 200,000 people does not name Vale.

Tesla-backed nickel miner cuts output after waste dam leak

Mining News Pro - The troubled Goro nickel mine — one of the world’s largest deposits, which is part-owned by Trafigura Group and backed by Tesla Inc. — has been forced to reduce production to address a leak from its tailings dam.

Petra Diamonds halts Williamson mine in Tanzania after dam breach

Mining News Pro - The company, which also operates three mines in South Africa, said the eastern wall of Williamson’s tailing dam was “breached”, but said in an email that the pit was not affected.

More near-term pain for copper companies despite strong fundamentals, analysts warn

Mining News Pro - Inflation will also impact results, which continued at an annualized 8.2% rate for the quarter, resulting in increased operating mine costs.

South Africa mine dam wall collapses, killing one and injuring 40

Mining News Pro - Flooding caused by the collapse of a mine dam wall in South Africa’s Free State province swept away houses and cars on Sunday, the provincial government said, killing one person and injuring another 40.

Climate disasters risk putting a damper on electric car making

Mining News Pro - Automakers racing to make more electric vehicles have a problem: climate change is catching up with the industry.

Vale fined $17m for Brumadinho tailings dam disaster

Mining News Pro - Brazilian miner Vale SA was fined after the country’s comptroller general decided the firm failed to present reliable information on the conditions of its Brumadinho tailings dam prior to a 2019 disaster, the company said on Monday.

St Barbara wants to raise tailings dam at Touquoy gold mine in Nova Scotia

Mining News Pro - St Barbara could be forced to suspend operations at the Touquoy gold mine in Nova Scotia soon, should it fail to receive provincial government approval for a proposed tailings capacity expansion by early August. The mine’s current tailings capacity is expected to be exhausted in mid-September 2022.

Vale to spend $400 million in 2022 to remove tailings dams

Mining News Pro - Brazilian miner Vale SA expects to spend $400 million in 2022 to decommission its tailings dams, aiming to have 12 of its 30 structures eliminated by the end of the year, the company told Reuters on Tuesday.

Foraco wins $60m deep directional drilling contract with BHP Olympic Dam

Mining News Pro - Foraco International, a leading global provider of mineral and water drilling services, has been awarded a major contract with BHP Olympic Dam.

Australian court greenlights MMG’s Tasmania tailings dam study

Mining News Pro - In what has been labelled a ‘pro-mining judgement against the environment’ by a non-governmental organization, Chinese-owned base metals producer MMG Inc. (HK: 1208) has won the right to continue preliminary works for a controversial mine tailings dam inside the takayna/Tarkine rainforest in Tasmania’s west.

SEC sues Vale for false claims tied to Brumadinho dam collapse

Mining News Pro - US securities regulators sued Vale SA, one of the world’s largest iron ore miners, for allegedly making false claims about safety before the January 2019 collapse of its Brumadinho dam that killed 270 people.

How plants support remediation efforts in areas affected by Fundão dam disaster

Mining News Pro - Researchers at the São Paulo Research Foundation are proposing a phytoremediation technique for the rehabilitation of water and soil contaminated by environmental disasters such as tailings dams breaches.

Chile regulator fines BHP’s Escondida mine for damage in Salar de Atacama

Mining News Pro - Chile’s environmental regulator said on Thursday it had fined Escondida mine, controlled by company BHP, $8.2 million for damage caused by water extraction in the Salar de Atacama salt flat.

Vale seeks more time to remove upstream tailing dams

Mining News Pro - Vale (NYSE: VALE) is asking regulatory bodies in Brazil to extend a deadline for removing 23 upstream tailing dams located in the state of Minas Gerais due to a “technical impossibility” to meet the current February 25 deadline.

Brazilian miners set to miss deadline for removal of tailings dams

Mining News Pro - Vale and other Brazilian mining companies are set to miss a legal deadline in the state of Minas Gerais for the removal of all tailings dams built using a method linked to past collapses, and the industry is seeking to change it.

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