Protesters Block Vale Mine Over Compensation
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"
Vale Resumes Coal Shipments After Rain Delay
Mining Weekly reported that Vale is resuming coal shipments on Mozambique coal contracts after they were suspended by heavy rains.
Vale Reports $1 Billion Write-Down of Coal Assets
The Sydney Morning Herald reported that Vale announced a $ 1 billion write-down linked to Australian coal mines and blamed weak coal prices
Rio Tinto, Vale Should Develop Mozambican Coal Rail Link Jointly
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.
Guru Stocks Hit 52-Week Lows, Rio and Vale
Forbes reported several stocks reached a 52-week low including Rio Tinto (NYSE:RIO) and Vale (SAO:VALE5), according to GuruFocus.
Vale Completes Coal Asset Sales to Colombian Natural Resources
Reuters reported that Vale (NYSE:VALE) has sold two Colombia-based coal properties to Goldman Sachs-owned Colombian Natural Resources.
Yanzhou Looks To Buy Vale SA’s Integra Property
Bloomberg reported that Yanzhou Coal (NYSE:YZC) is one of several groups interested in buying Vale's (EPA:VALE5) Australia-based Integra coal mine.
Coal in Colombia
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.
Vale’s Colombian Coal Assets Sought by Goldman Sachs
Reuters reported that Goldman Sachs (NYSE:GS) is the likely buyer for Vale's (NYSE:VALE) coal operations in Colombia.
Vale Plans $6 Bln Expansion of Mozambique Coal Mine
Reuters reported that Vale (NYSE:VALE) intends to expand its Mozambique-based Moatize coal project.
