Tag: latin america mining industry
RIO DE JANEIRO, BRAZIL - Iron ore extended its losses on a warning from Australian miner BHP that it expects "severe cuts" in Chinese steel production to become increasingly likely this year. The move could impact production at Vale...
RIO DE JANEIRO, BRAZIL - The workers of Chile's Escondida mine, the largest copper mine in the world, approved to go on strike, rejecting by 99.5% the last offer of the company controlled by the multinational BHP.
Following the vote...
RIO DE JANEIRO, BRAZIL - Brazilian mining company Vale S.A., the largest producer of iron ore and nickel in the world, recorded a net income of US$7.586 billion in the second quarter, up from US$995 million a year earlier,...
RIO DE JANEIRO, BRAZIL - Mining companies in the country invoiced R$149 (US$29) billion in the first half of this year. The increase, of 98% in the period, was driven by the acceleration of the dollar and the evolution...
