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Vale to pay $2 5 billion to settle liabilities in Mozambique mine corridor

Miner Vale SA will settle in advance liabilities of around US$2.5 billion related to the project finance for the Nacala logistic corridor (CLN) that serves a coal mine in Mozambique, the company said in a securities filing on Tuesday.

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Vale s decomissioned Brazil dam at risk of collapse, labor body says

By Syndicated Content Jun 9, 2021 | 5:08 PM RIO DE JANEIRO (Reuters) â Iron ore miner Vale SAâs decomissioned Xingu dam is at âimminent risk of collapsing,â according to a statement on Wednesday by the Regional Labor Department for the southeastern Brazilian state of Minas Gerais. The Xingu tailings, or mining waste, dam in the town of Mariana, already devastated by a 2015 dam rupture which killed 19 people, had its risk level elevated last October by Brazilâs National Mining Agency. Although the Xingu dam stopped receiving mining waste in 1998, Vale still employs workers there to monitor its stability ahead of a planned decommissioning procedure.

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Brazil grid operator says power supplies guaranteed despite

BRAZIL-DROUGHT/:Brazil grid operator says power supplies guaranteed despite severe drought

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Brazil grid operator says power supplies guaranteed despite severe drought

Brazil's national grid operator ONS said on Saturday it has taken measures to guarantee power supplies in Brazil this year, dismissing shortages in hydro electricity due to the worst drought since 1930.

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Brazil oil production up 4 6% in April, ANP says | Hellenic Shipping News Worldwide

Brazil oil production up 4 6% in April, ANP says | Hellenic Shipping News Worldwide
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