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2020-6-6Iron ore futures surged above 100 a ton after Brails Vale SA was ordered to suspend operations that account for about a 10th of its output after workers contracted Covid-19.
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The Brailian miner Vale is the worlds biggest iron ore producer. A home lays in ruins after a tailings dam collapsed at a Vale mine near Brumadinho Brail. Credit AP.
Photo shows the Stellar Banner with a severe list off the coast of Brail February 26 2020. Update March 3 2020. A giant VLOC loaded with iron ore has run into trouble off the coast of Brail.
Vale has previously said that around 75 of workers at the mines in the region had been tested for COVID-19. Brail exported 115.03 million tonnes of iron ore in the January-May period down 13.4 fall from 132.85 million tonnes in the first five months of last year.
Brails Vale has resumed operations at its distribution centre in Malaysia the Teluk Rubiah Maritime Terminal TRMT but the fast spreading of the coronavirus in Brail may keep its iron ore shipments from rebounding significantly in the near term.
Vale shipped more than two thirds of its iron ore from Brail to China in the November 2019 to January 2020 period Panjiva a unit of SP Global Market Intelligence said in a report. From a customer perspective Vale was already heavily skewed in favor of Chinese buyers which accounted for 70.1 of the total in the three months to January 31 .
2020-6-25A dds details on ship destiny possible iron ore load. RIOSAO PAULO Feb 26 Reuters - Brailian miner Vale SA VALE3.SA said on Wednesday the bow of the iron ore.
RIO SAO PAULO Feb 26- Brailian miner Vale SA said on Wednesday the bow of the iron ore ship MV Stellar Banner was damaged after leaving a port in the northern Brailian state of Maranhao on .
2019-1-30The global iron ore market was pitched into turmoil after Brails Vale SA the worlds largest producer outlined plans to cut output after a deadly dam breach buoying shares of rivals as .
Brailian miner Vale SA on Thursday estimated selling up to 75 million tonnes less iron ore and pellets this year after several mines were halted following its second deadly dam burst in less .
Iron ore will stay higher for longer than anyone had previously thought this is an extended-duration event he said. He noted that the Samarco mine in Brail had not yet returned to production after its tailing dam collapsed in November 2015 killing 19 people and spewing toxic brown mud that polluted rivers and beaches.
1 It stated that as Vale quickly surmised gaining control of the Simandou deposit would strengthen Vales position in the worlds high-grade iron ore market since the only other comparable .
2020-6-8Iron ore miner Vale has been ordered by a Brailian 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 commoditys price.. Prices surged 6 per cent to 103.35 a tonne in Singapore on Monday the highest since August 2019 according to a Bloomberg report.
2020-6-2Brails Vale SA expects iron ore shipments to China to rise in 2020 versus 2019 due to falling demand in other countries hurt by the coronavirus pandemic the China Iron and Steel Association .
COVID-19 to deter Brail iron ore shipments even as Vale reopened Malaysia port. in Dry Bulk MarketFreight News 20052020.
2020-7-3Brail-listed common shares in Vale were up 3.7 in afternoon trade as China iron ore futures registered their biggest one-day gain in seven months. Brails.
News that supplies from Brail might be further constrained is likely to see Chinese steel mills and traders chase iron ore higher this week. The three big Australian iron ore companies have not issued a statement about the impact of the COVID-19 virus on their mining operations especially iron ore.
With higher prices and iron ore production reaching record levels Vale reported net profit of 3.98 billion for the full year a huge swing from a loss of 12.13 billion in 2015 the biggest loss .
2020-7-5Brailian iron ore miner Vale SA signed a service agreement with Chinas Ningbo Zhoushan Port Co Ltd to jointly launch a new iron ore product GF88 the.
Vale opens iron ore distribution centre in Malaysia - MIDA. Vale opens iron ore distribution centre in Malaysia Vale Malaysia Minerals Sdn Bhd a subsidiary of Brail-based global mining company Vale S.A officially opened its RM4.58 billion iron ore distribution centre.
2 This is the Brail Site. Go to Global Site Go to Vale Indonesia Site Go to Vale Australia Site Go to Vale Canada Site Go to Vale China Site Go to Vale New Caledonia Site Go to Vale Japan Site Go to Vale Moambique Site Go to Vale Oman Site Go to Vale Malaysia Site.