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Vale sees $1.6 billion impairment charge for Q4 in New Caledonia write down
Brazilian miner Vale SA, the world’s top nickel producer, will write down its New Caledonia mine and incur a non-cash impairment charge of about $1.6 billion in the fourth quarter, the company said on Tuesday in a securities filing. Vale said its annual assets review...
Rio Tinto invests $749 million in Pilbara iron ore mine
Rio Tinto Ltd said on Wednesday it had approved a $749 million investment in its Greater Tom Price operations to help sustain production capacity in its iron ore business in the Pilbara region of Western Australia. The Anglo-Australian miner said the investment in the...
Friedland says Congo now more attractive than Chile for copper mines
Chile’s worst civil unrest in decades means the Democratic Republic of Congo is a more attractive proposition for mining investment, according to billionaire Robert Friedland. While Chile, the world’s top copper producer, seeks measures to quell the social unrest that...
Overview Market Close – November 26, 2019
Americas Name Value Net Change % Change DOW JONES INDUS. AVG 28,121.68 +55.21 +0.20% S&P 500 INDEX 3,140.52 +6.88 +0.22% NASDAQ COMPOSITE INDEX 8,647.93 +15.45 +0.18% NYSE COMPOSITE INDEX 13,559.71 +26.82 +0.20% S&P/TSX COMPOSITE INDEX 17,035.88 +3.02 +0.02%...