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United Kingdom

Marta Nogueira

Brazil's Vale dam disaster report highlights governance shortcomings

21 Feb 2020

RIO DE JANEIRO, Feb 21 Brazilian prosecutors on Friday slammed Vale SA's corporate risk management policies, saying a report released by the iron ore miner a day earlier highlighted governance issues that contributed to a dam burst last year that killed 270 people, just four years after a similar disaster.

UPDATE 2-Vale downplays report, could boost Brumadinho charges

21 Feb 2020

RIO DE JANEIRO, Feb 21 Brazilian iron ore miner Vale SA on Friday downplayed an internal report examining the causes of last year's deadly Brumadinho tailings dam disaster while opening the door to $1 billion to $2 billion in fresh provisions related to the collapse.

Brazil's Petrobras girds for headwinds after posting record profit

20 Feb 2020

RIO DE JANEIRO Oil exports by Petrobras should fall slightly in the first quarter and production is already taking a hit, due to scheduled maintenance stoppages, executives said on Thursday, a sign the Brazilian state-run oil firm may have to endure some short-term pains to consolidate long-term gains.

Brazil's Petrobras hits all-time profit record in 2019

20 Feb 2020

RIO DE JANEIRO Brazilian state-run oil firm Petrobras missed fourth-quarter expectations, but posted a record profit for 2019, as the firm's strategy of focusing on deepwater production and exiting non-core activities shows signs off paying off.

Brazil state judge accepts charges against Vale ex-CEO, others over dam burst

14 Feb 2020

RIO DE JANEIRO A Brazilian state judge has accepted charges against Vale SA former Chief Executive Fabio Schvartsman and 15 others related to a fatal disaster at the iron ore miner's Brumadinho tailings dam a year ago, according to a statement on Friday.

UPDATE 2-Brazil state judge accepts charges against Vale ex-CEO, others over dam burst

14 Feb 2020

RIO DE JANEIRO, Feb 14 A Brazilian state judge has accepted charges against Vale SA former Chief Executive Fabio Schvartsman and 15 others related to a fatal disaster at the iron ore miner's Brumadinho tailings dam a year ago, according to a statement on Friday.

Honbridge's SAM confident $2 billion Brazil iron mine will go ahead

07 Feb 2020

RIO DE JANEIRO Chinese mining company Sul Americana de Metais (SAM), a unit of China's Honbridge Holdings, is confident it will receive the necessary permits to start up its $2.1 billion iron ore project in Minas Gerais, its chief executive told Reuters.

Honbridge's SAM confident $2 bln Brazil iron mine will go ahead

07 Feb 2020

RIO DE JANEIRO, Feb 7 Chinese mining company Sul Americana de Metais (SAM), a unit of China's Honbridge Holdings , is confident it will receive the necessary permits to start up its $2.1 billion iron ore project in Minas Gerais, its chief executive told Reuters.

Vale's New Steel expects first plant startup in 2022

05 Feb 2020

RIO DE JANEIRO, Feb 5 Using pioneering dry iron ore processing technology, Brazilian miner Vale SA's wholly owned New Steel plans to put its first industrial plant into operation in 2022, its CEO Ivan Montenegro told Reuters.

Murder charges in Vale dam collapse case complicate Brazilian probes

27 Jan 2020

RIO DE JANEIRO The filing of murder charges against the former CEO of Brazilian miner Vale SA and 15 others for a 2019 dam collapse that killed more than 250 people was hailed by victims' families as a major step in bringing those responsible to justice.

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