Global Mining: Board of Vale gives CEO Schvartsman another term

Global Mining: Board of Vale gives CEO Schvartsman another term

RIO DE JANEIRO/SAO PAULO – The board of Brazilian mining company Vale SA has approved an additional two-year term for Chief Executive Fabio Schvartsman, the company said on Friday, as it seeks to extend his successful tenure as head of the world’s largest iron ore exporter.

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Mozambique Mining: After after talks with residents, Vale resumes Moatize coal mine operations

Mozambique Mining: After after talks with residents, Vale resumes Moatize coal mine operations

Mining company Vale-Mozambique announced on Thursday that it had resumed operations in a section of the company’s facility following a nearly two-week standstill demanded by residents complaining of pollution there, Noticias reports.

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Mozambique Mining: Vale remains committed to country, despite Moatize losses

Mozambique Mining: Vale remains committed to country, despite Moatize losses

Despite continuing to make a loss, coal miner Vale Moçambique will continue to make major investments in its assets in Mozambique. This assurance was given at a midmonth press conference in Maputo by the company’s board chairperson, Márcio Godoy.

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Mozambique Mining: Vale reports another record coal production in Moatize mine

Vale Mocambique coal production totaled 2.9Mt in 2Q18, 18.1% higher than 1Q18 and 5.5% lower than 2Q17, as the adverse conditions in Tete, Moatize mine site in 1Q18 were only overcome during the first part of 2Q18, preventing a faster recovery in the quarter.

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