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Gold Fields outlines $1 2bn spend to meet ten-year, 30% emissions reduction target
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Gold Fields outlines $1 2bn spend to meet ten-year, 30% emissions reduction target
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Rio Tinto s malaise years in the making
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The current tightness in pellets markets – stemming largely from a shortfall from Brazil following tailing dams accidents – may continue for another two years, according to Sao Paulo-based Jose Carlos Martins, senior partner, Neelix Consulting Mining & Metals.
Domestic pellets demand is growing in Brazil, the biggest pellets producer, where more than 50% of the country s capacity is currently idle, Martins said in an emailed interview with S&P Global Platts. With 50 million tons pellet capacity idle in Brazil, the situation is only not worse because high prices brought back to market significant volumes of domestic concentrates from China and Eastern Europe pellets and pellet feed (with material from Ukraine and Russia as well as Canada and USA), Martins said.
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(Reuters) - The most widespread type of dam used to store mine waste is nearly twice as unstable as the average tailings facility, a global study showed on Friday, highlighting the risk of so-called “upstream” construction techniques that some countries have banned.
FILE PHOTO: A view of the Brazilian mining company Vale s tailings dam, two years after it collapsed, in Brumadinho, Minas Gerais state, Brazil, January 23, 2021. Picture taken with a drone January 23, 2021. REUTERS/Leonardo Benassatto
Concern over tailings dams intensified after the deadly collapse of Vale’s Brumadinho upstream facility in January 2019.
Some 10% of all the facilities surveyed had reported a stability issue, the authors found, but that figure jumped to 18.3% for active upstream facilities.