Vale , the world’s largest iron ore miner, said on Tuesday that talks aimed at buying Swiss rival Xstrata had failed and that Vale would look at other potential takeover targets.
“Given that an agreement was not reached, discussions between the parties have been discontinued,” Vale said in a statement to the local market regulator. Vale [...]
BRAZIL’S Companhia Vale do Rio Doce has signalled its confidence in the nickel market by granting final board approval for the $US3.2 billion Goro laterite project in New Caledonia, despite years of delays, cost blowouts and disputes with locals.
Goro has been one of the most-watched nickel developments in the world amid speculation CVRD could cancel [...]
Cia. Vale do Rio Doce, the world’s largest iron-ore producer, is considering changes to its $3 billion Goro nickel mine in New Caledonia as it studies plans to cut costs and deal with environmental concerns.
Chief Executive Roger Agnelli visited the French-controlled Pacific island territory last week, and met government and community leaders, spokesman Steve Mitchell [...]
Cia. Vale do Rio Doce, the world’s largest iron-ore producer, is considering changes to its $3 billion Goro nickel mine in New Caledonia as it studies plans to cut costs and deal with environmental concerns.
Chief Executive Roger Agnelli visited the French-controlled Pacific island territory last week, and met government and community leaders, spokesman Steve Mitchell [...]
Brazilian mining giant Companhia Vale do Rio Doce, or CVRD, on Friday announced plans to invest US$6.3 billion (euro4.9 billion) to expand production in 2007.
A large part of the company’s capital expenditure budget has been earmarked for increasing the output of nonferrous metal, a CVRD statement said.
Nonferrous metals investments were pegged at US$2.55 billion (euro1.98 [...]
The comments reported here a month ago from Vanessa Davidson pointing to the unreliability of production targets being met for new High Pressure Acid Leach (HPAL) nickel laterite processing plants in the article Medium term outlook for nickel: supply increases may outstrip demand growth but … was borne out in spades in this past week [...]
As the world’s largest iron ore miner announced that it had received Canadian approval to acquire Canadian nickel miner Inco, Brazilian Indians who had held CVRD’s Carajas mining complex hostage for three days left the site.
CVRD President and CEO Roger Agnelli was pretty much on the mark when he predicted Monday that Brazilian miner would [...]
Companhia Vale do Rio Doce, the Brazilian mining company, joined the bidding for Inco, the Canadian nickel producer, on Friday with an offer of 19.9 billion Canadian dollars ($17.7 billion) in cash.
Seeking to trump two bids already made by suitors in the United States and Canada, the Brazilian company, known as CVRD, said the acquisition [...]
