Reuters reported that protesters blocked the entrance to Vale's biggest coal mine in Mozambique, arguing that they were due relocation compensation from five years ago.
Articles Tagged "vale"
Mining Weekly reported that Vale is resuming coal shipments on Mozambique coal contracts after they were suspended by heavy rains.
The Sydney Morning Herald reported that Vale announced a $ 1 billion write-down linked to Australian coal mines and blamed weak coal prices
Bloomberg reported that the Mozambican Minister of Mineral Resources recommends that Rio Tinto and Vale should consider developing a rail link jointly to ship coal.
Forbes reported several stocks reached a 52-week low including Rio Tinto (NYSE:RIO) and Vale (SAO:VALE5), according to GuruFocus.
Reuters reported that Vale (NYSE:VALE) has sold two Colombia-based coal properties to Goldman Sachs-owned Colombian Natural Resources.
Bloomberg reported that Yanzhou Coal (NYSE:YZC) is one of several groups interested in buying Vale's (EPA:VALE5) Australia-based Integra coal mine.
Colombia has long been a coal mining hotspot, but improving political conditions and a shifting coal market are drawing increased attention to the South American jurisdiction.
Reuters reported that Goldman Sachs (NYSE:GS) is the likely buyer for Vale's (NYSE:VALE) coal operations in Colombia.
Reuters reported that Vale (NYSE:VALE) intends to expand its Mozambique-based Moatize coal project.