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Iron ore soars as Vale ordered to shut down mines
Chinese iron ore futures surged on Monday, marking the biggest intraday percentage gain since July 2019, as supply concerns deepened after the country’s second-biggest iron ore supplier Brazil shut down Vale’s Itabira complex due to coronavirus concerns. A Brazilian...
Overview Market Close – June 8, 2020
Americas Name Value Net Change % Change DOW JONES INDUS. AVG 27,572.44 +461.46 +1.70% S&P 500 INDEX 3,232.39 +38.46 +1.20% NASDAQ COMPOSITE INDEX 9,924.75 +110.67 +1.13% NYSE COMPOSITE INDEX 12,836.60 +195.16 +1.54% S&P/TSX COMPOSITE INDEX 15,974.91 +120.84...
Vale gets preliminary license to expand Serra Leste
Vale has received a preliminary license for the expansion of the Serra Leste iron ore mine, in Pará, Brazil. Located 50 km from Curionópolis and 5 km from Serra Pelada, Serra Leste Mine has an estimated reserve of 307.4 million metric tonnes, with average iron content...
Zijin takes control of Tibet copper miner for $548m
China’s Zijin Mining Group Co said on Sunday it would pay 3.88 billion yuan ($548 million) to acquire a majority stake in a mining firm with rights to two copper deposits in Tibet. Best known as a gold miner, Fujian-based Zijin will pay cash for the 50.1% stake in...