rio de janeiro portable iron ore stone crusher for sale

rio de janeiro portable iron ore stone crusher for sale

Brazil’s mining giant Vale (NYSE:VALE) reported Thursday its deepest quarterly net loss ever, becoming at the same time the first of the three largest iron ore producers to put some of its core assets up for sale

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The Rio de Janeiro-based company posted a fourth-quarter net loss of $8.57 billion, its fifth drop in the past six quarters, driven by a dramatic and sustained rout of its main profit driver, iron ore

Vale also blamed its poor results on impairment charges and a 47% depreciation of the Brazilian real against the dollar last year, situation that increased the value of the company’s dollar-denominated debt

vale posts record loss, to sell core assets -

The Samarco dam collapse in Nov. last year, which killed at least 17 people and became Brazil’s worst environmental disaster, also forced Vale to book a write-down of $132 million in unpaid dividends and royalties

Chief executive Murilo Ferreira said in a conference call that Vale wanted to reduce its net debt to $15 billion within 18 months, from $25.23 billion at the end of the fourth quarter. But given the uncertain outlook for prices of iron ore and other commodities, the firm has begun “actively exploring more aggressive actions for this deleveraging, including the sale of core assets,” he said

The world’s largest iron ore and nickel producer also announced that the chairman of the board has been replaced. Gueitiro Matsuo Genso will assume Vale’s top board post effective immediately. He replaces Dan Conrado, who will continue to be a member of the company’s board

why keep spending ,maybe prey for the price of the over supplied resource ,seems like you would wait for the demand to catch up with the production ,just popped back in its basicly the same as it was 18 months ago but snowballing ,the mining industry is unbelievable (lower cost as much as u can and wait for the demand ,but nooooooooooo!!!!! spend spend spend they will wait until theres not a nickel left and run the the share holders

vale posts record loss, to sell core assets -

fundão tailings dam failures: the environment tragedy of

After the collapse of the Fundão dam, 43 million m3 of iron ore tailings continue to cause environmental damage, polluting 668 km of watercourses from the Doce River to the Atlantic Ocean. The objectives of this study are to characterize the Fundão Tailings Dam and structural failures; improve the understanding of the scale of the disaster; and assess the largest technological disaster in the global context of tailings dam failures. The collapse of Fundão was the biggest environmental disaster of the world mining industry, both in terms of the volume of tailings dumped and the magnitude of the damage. More than year after the tragedy, Samarco has still not carried out adequate removal, monitoring or disposal of the tailings, contrary to the premise of the total removal of tailings from affected rivers proposed by the country's regulatory agencies and the worldwide literature on post-disaster management. Contrary to expectations, there was a setback in environmental legal planning, such as law relaxation, decrease of resources for regulatory agencies and the absence of effective measures for environmental recovery. It is urgent to review how large-scale extraction of minerals is carried out, the technical and environmental standards involved, and the oversight and monitoring of the associated structures

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