Glencore Sells Stakes in Three Assets, Gets Only $290 Million

Swiss commodities trader and miner Glencore (LON:GLEN) confirmed Friday it has sold its stakes in three assets it got after acquiring Xstrata in 2013, raising about $290 million.

Monday, August 17, 2015

Vale Ordered to Halt Production at Giant Amazon Nickel Mine

A Brazilian federal court on Friday ordered Vale, the world's number one nickel and iron ore producer, to halt activity at its Onça Puma nickel mine in northwestern Brazil.

Monday, August 17, 2015

Brazil Court Orders Vale to Halt Amazon Nickel-Mine Operation

A Brazilian federal court on Friday ordered Vale to halt activity at its Onsa Puma nickel mine, in Brazil’s Amazon state of Para, until it can demonstrate what actions it has taken to compensate indigenous communities in the region.

Monday, August 17, 2015

Vale Says Leak at Copper Cliff Smelter in Canada Contained

Brazilian miner Vale said on Thursday that a nitrogen dioxide leak at its Copper Cliff smelter in Sudbury, Ontario had been contained and that the leak did not result in any injuries.

Friday, August 14, 2015

Thawing Diplomatic Relations Rekindle Prospects of US Investment in Cuba’s Mining and Petroleum Sectors

Re-establishing diplomatic relations between Cuba and the US after 54 years has rekindled fresh hopes that Cuba’s mining and petroleum industries will benefit from potential US investment in these sectors.

Friday, August 14, 2015

Vale Announces to Begin Nickel Mine Project in Canada Voisey's Bay in Next Year

Recently, the Government of Newfoundland and Labrador approved Vale’s nickel mine project located at Voisey's Bay in Canada, and the project will be officially launched next year.

Friday, August 14, 2015

CRA Targeting Mining-Sector Tax Havens

Canadian corporations that use tax havens like Switzerland and the Cayman Islands to reduce the taxes they pay at home have good reason to worry.

Thursday, August 13, 2015

Glencore Leads Mining Slump

Glencore Plc led a global slump in mining shares on concern China’s decision to devalue the yuan will sap demand for commodities.

Wednesday, August 12, 2015
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