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Brazil confirms potential $18 bln deal with miners involved in deadly dam disaster

Brazil confirms potential $18 bln deal with miners involved in deadly dam disaster By Marta Nogueira RIO DE JANEIRO, Sept 16 (Reuters) - The Brazilian government confirmed on Monday it was in talks on a potential $18 billion payout from a trio of miners involved in a deadly 2015 dam collapse, saying the deal could also involve further repair work by the companies themselves.
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Brazil's Vale says routine check revealed cracks in dam, stability unchanged

Brazil's Vale says routine check revealed cracks in dam, stability unchanged Sept 14 (Reuters) - Brazilian miner Vale VALE3.SA said on Saturday that it is conducting checks on a dam after a routine inspection identified surface cracks but noted that the structure’s stability conditions remain unchanged. In a securities filing, the company said the issue concerns the Forquilha III dam at the Fabrica iron ore mine, located in the city of Ouro Preto, in the southeastern Brazilian state of Minas G
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Brazilian Miner Vale Says Discussions With Transport Ministry On General Conditions To Optimize Investment Plans For Railway Concession Contracts Continue

BRIEF-Brazilian Miner Vale Says Discussions With Transport Ministry On General Conditions To Optimize Investment Plans For Railway Concession Contracts Continue Sept 12 (Reuters) - Vale SA VALE3.SA : DISCUSSIONS WITH TRANSPORT MINISTRY ON GENERAL CONDITIONS TO OPTIMIZE INVESTMENT PLANS FOR RAILWAY CONCESSION CONTRACTS CONTINUE - FILING Source text
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Vale sees 10% of its iron ore production coming from tailings by 2030

Vale sees 10% of its iron ore production coming from tailings by 2030 By Marta Nogueira BELO HORIZONTE, Brazil, Sept 12 (Reuters) - Brazilian miner Vale VALE3.SA expects that by 2030 some 10% of its iron ore output will come from the reuse of mine waste known as tailings, an executive told Reuters, reducing the amount of potentially dangerous material still stored in dams.
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Vale expects to close deal over Brazil dam collapse in October

Vale expects to close deal over Brazil dam collapse in October SAO PAULO, Sept 11 (Reuters) - Brazilian miner Vale VALE3.SA expects to reach a final agreement with authorities in October regarding reparations related to the collapse of a dam in the city of Mariana, it said on Wednesday in a securities filing. Last week, Reuters reported that Vale, BHP BHP.AX and their joint venture Samarco [RIC:RIC:SAMNE.UL] could soon reach such an agreement to pay around 100 billion reais ($17.6 billion), with
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Vale expects research, innovation investments to top $400 million in coming years

UPDATE 1-Vale expects research, innovation investments to top $400 million in coming years Adds quotes from executive, details from paragraph 3 BELO HORIZONTE, Brazil, Sept 11 (Reuters) - Brazilian miner Vale VALE3.SA expects to invest more than $400 million in research, development and innovation (RD&I) annually in the coming years, the firm's executive vice president of technical affairs told Reuters.
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Vale expects innovation investments to top $400 million in coming years

Vale expects innovation investments to top $400 million in coming years BELO HORIZONTE, Brazil, Sept 11 (Reuters) - Brazilian miner Vale VALE3.SA expects to maintain annual investments of more than $400 million in research, development and innovation (RD&I) in the coming years, the firm's executive vice president of technical affairs, Rafael Bittar, told Reuters.
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Brazilian Miner Vale Says It Has The Ability To Resume Approximately 15 Mtpa Of Iron Ore Production At Vargem Grande Complex

BRIEF-Brazilian Miner Vale Says It Has The Ability To Resume Approximately 15 Mtpa Of Iron Ore Production At Vargem Grande Complex Sept 11 (Reuters) - Vale SA VALE3.SA : STARTED THE COMMISSIONING OF WET PROCESSING OPERATIONS IN THE VARGEM GRANDE 1 PROJECT HAS THE ABILITY TO RESUME APPROXIMATELY 15 MTPA OF IRON ORE PRODUCTION AT VARGEM GRANDE COMPLE
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Vale bumps up 2024 iron ore production forecast, shares rise

UPDATE 3-Vale bumps up 2024 iron ore production forecast, shares rise Recasts, updates throughout with share reaction and analyst comments RIO DE JANEIRO, Sept 11 (Reuters) - Brazilian miner Vale VALE3.SA on Wednesday bumped up its forecast for iron ore output this year after a stronger-than-expected first half, driving its shares higher. The company, one of the world's largest iron ore producers, said in a securities filing it now expects output between 323 million and 330 million metric tons i
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Vale bumps up forecast for 2024 iron ore production

Vale bumps up forecast for 2024 iron ore production RIO DE JANEIRO, Sept 11 (Reuters) - Brazilian miner Vale VALE3.SA said on Wednesday it expects to produce between 323 million and 330 million metric tons of iron ore in 2024, hiking its forecast that previously stood at 310 million to 320 million tons. Reporting by Gabriel Araujo, Editing by Louis
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Vale, BHP, Samarco could close $18 billion deal over Brazil dam collapse, sources say

UPDATE 1-Vale, BHP, Samarco could close $18 billion deal over Brazil dam collapse, sources say Updates with additional detail RIO DE JANEIRO, Sept 6 (Reuters) - Mining companies Vale VALE3.SA and BHP BHP.AX , together with their joint venture Samarco SAMNE.UL , may soon reach an agreement with Brazilian authorities to pay around 100 billion reais ($17.87 billion) for the collapse of a dam in the city of Mariana, said four sources familiar with the discussions.
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Vale, BHP, Samarco could close $18 billion deal over Brazil dam collapse, sources say

Vale, BHP, Samarco could close $18 billion deal over Brazil dam collapse, sources say RIO DE JANEIRO, Sept 6 (Reuters) - Mining companies Vale VALE3.SA and BHP BHP.AX , together with their joint venture Samarco SAMNE.UL , may soon reach an agreement with Brazilian authorities to pay around 100 billion reais ($17.87 billion) for the collapse of a dam in the city of Mariana, said four sources familiar with the discussions.
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Brazil's Vale Says It Did Not Sign Any Binding Document Or Decide Who Will Be The Potential Partner In Alianca

BRIEF-Brazil's Vale Says It Did Not Sign Any Binding Document Or Decide Who Will Be The Potential Partner In Alianca Sept 2 (Reuters) - Vale SA VALE3.SA : SAYS IT CONTINUES TO SEEK POTENTIAL PARTNERS IN ALIANCA ENERGIA - FILING SAYS IT DID NOT SIGN ANY BINDING DOCUMENT OR DECIDE WHO WILL BE THE POTENTIAL PARTNER IN ALIANCA Source text for Eikon: ID
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Miner Vale's chairman says board prioritized CEO choice to avoid market noises

Miner Vale's chairman says board prioritized CEO choice to avoid market noises RIO DE JANEIRO, Aug 27 (Reuters) - The board of directors of Brazil miner Vale has prioritized the works of defining a new chief executive for the company to avoid further noises in the market regarding potential candidates, its Chairman Daniel Stieler told Reuters on Tuesday.
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Vale shares rise as markets welcome CEO appointment

Vale shares rise as markets welcome CEO appointment By Gabriel Araujo SAO PAULO, Aug 27 (Reuters) - Shares of Vale VALE3.SA rose on Tuesday as analysts and investors welcomed the appointment of Gustavo Pimenta as the Brazilian miner's next CEO , starting next year. Pimenta, Vale's head of finance, was unanimously picked by the company's board of directors to replace outgoing CEO Eduardo Bartolomeo, Vale said late on Monday, wrapping up a noisy succession process that had seen board members depar
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Comments on Vale naming Gustavo Pimenta as CEO

QUOTES-Comments on Vale naming Gustavo Pimenta as CEO SAO PAULO, Aug 27 (Reuters) - Below are some quotes from analysts about Brazilian mining giant Vale VALE3.SA naming finance head Gustavo Pimenta as its next chief executive officer , replacing Eduardo Bartolomeo. JPMORGAN ANALYSTS "Pimenta is not only well known among investors but also highly respected as an executive.
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Brazilian iron ore miner Vale names CFO Pimenta as next CEO

UPDATE 2-Brazilian iron ore miner Vale names CFO Pimenta as next CEO Adds background about CEO succession in paragraphs 3-7 SAO PAULO, Aug 26 (Reuters) - Brazilian miner Vale on Monday said that current Chief Financial Officer Gustavo Pimenta will become its next Chief Executive Officer, wrapping up a noisy succession process that had seen board members depart amid accusations of political intrigue.
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Brazil's Vale picks CFO Pimenta to be next CEO

Brazil's Vale picks CFO Pimenta to be next CEO SAO PAULO, Aug 26 (Reuters) - Brazilian miner Vale announced that current Chief Financial Officer Gustavo Pimenta will become the company's next Chief Executive Officer, according to a securities filing on Monday. Reporting by Andre Romani; Editing by Brendan O'Boyle
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Brazil's Samarco expects to reach 60% of output capacity by year-end

Brazil's Samarco expects to reach 60% of output capacity by year-end By Marta Nogueira RIO DE JANEIRO, Aug 23 (Reuters) - Brazilian miner Samarco SAMNE.UL expects to reach 60% of its output capacity by the end of 2024, bringing forward a previous timeline, as it continues to resume activities after halting operations due to a deadly 2015 tailings dam collapse.
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Latam markets rise on dovish Fed bets; Brazil's Bovespa at record high

EMERGING MARKETS-Latam markets rise on dovish Fed bets; Brazil's Bovespa at record high Chile GDP slips in Q2 Brazil's main stock index hits record high Mexican economy up 1.1% y/y in July Colombian markets closed Stocks index up 1.8%, FX up 1.1% Updated at 1958 GMT By Lisa Pauline Mattackal and Ankika Biswas Aug 19 (Reuters) - Most Latin American assets tracked emerging market peers higher on Monday, with Brazil's main stock index hitting a record high, as growing hopes of stable economic growt
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