Dossier
iron-ore
Coverage of iron-ore in the Nexus archive.
- Vale Denies It Weighed Buying Back Its Old Corumbá Mines
Vale denied considering the reacquisition of the Corumbá iron-ore mines, which it sold to the Batista brothers’ J&F group in 2022 for $1.2 billion. A press column triggered the discussion by reporting on a May dinner and mine visit involving senior Vale executives.
- Vale Lags Expectations as Cost Pressures Offset Price Gain
Vale SA, the world's largest iron-ore producer, reported quarterly profits exceeding analysts' estimates for the first time in two years, driven by cost reductions and increased copper sales. Despite the title suggesting underperformance, the article highlights positive financial results.