SteelRadar’s Post

The longest train in the world is an ore train operated by the Brazilian mining company Vale. It stretches 7 kilometers and 300 meters (about 4.5 miles) in length and can carry up to 82,000 metric tons of iron ore in a single journey. This remarkable train operates on the Carajás Railway in Brazil, which transports ore from the Carajás mine to the port of São Luís. The sheer length and weight of this train highlight the scale of modern mining and transportation logistics.

🌟 #Samarco’s $1 Billion Investment to Fully Restore Iron Ore Capacity by 2028 🌟 Exciting news from the global mining sector! Brazilian mining company Samarco, a joint venture between Vale and BHP, has announced plans to invest over $1 billion to restore its iron ore production capacity to 26 million tons/year—the full pre-2015 level—by January 2028. 🔹 Current Progress: Operations gradually resumed five years ago following the 2015 dam collapse. The company has restored 60% of its capacity and is now activating its second beneficiation plant and a new tailings filtration plant. 🔹 2023 Developments: The Samarco Board approved plans to: Restart the second pelletizing plant and expand the existing filtration plant. Increase mining fleet capacity. Produce 15 million tons of iron ore pellets by 2025 (up from an estimated 9 million tons in 2024). Permanently close the Germano Dam by 2026—three years ahead of schedule—transitioning to safer dry-stacking tailings technology to enhance operational safety. 🔹 Financial Stability: Despite a challenging market environment, Samarco has generated over $2 billion in cash surplus since resuming operations, ensuring solid financial footing for this ambitious expansion and its long-term sustainability. This significant investment underscores Samarco’s commitment to operational excellence, environmental safety, and regaining its competitive position in the global iron ore market. Let’s discuss how this expansion will reshape global iron ore trade and its impact on steel markets! 🚀 #Mining #IronOre #Samarco #Sustainability #GlobalTrade #SteelIndustry

𝗕𝗛𝗣, 𝗧𝗛𝗘 𝗪𝗢𝗥𝗟𝗗 ‘𝗦 𝗕𝗜𝗚𝗚𝗘𝗦𝗧 𝗠𝗜𝗡𝗜𝗡𝗚 𝗖𝗢𝗠𝗣𝗔𝗡𝗬 𝗪𝗔𝗡𝗧𝗦 𝗧𝗢 𝗕𝗨𝗬 𝗔𝗡𝗚𝗟𝗢 𝗔𝗠𝗘𝗥𝗜𝗖𝗔𝗡 BHP Group Limited , the biggest mining company in the world by market capitalization ,has made a move to acquire Anglo American, De Beers parent company. Anglo American, a diversified mining and metals giant owns 85 percent of De Beers Group, while 15 percent is owned by Government of Botswana. In a statement today Anglo American , headquartered in the United Kingdom ,confirmed that it is has received an unsolicited, non-binding and highly conditional combination proposal from BHP Group Limited (BHP). The proposal comprises an all-share offer for Anglo American by…READ MORE HERE https://lnkd.in/dQ-CeARU

Brazil’s iron mining company Samarco, a JV between Vale and BHP, plans to double its production capacity next year as it completed another stage of the gradual operational resumption plan. https://lnkd.in/eUtwuTnH #Brazil #Samarco #ironore #pellets #production #results #forecast

⛰ 𝐕𝐚𝐥𝐞 𝐄𝐱𝐩𝐞𝐜𝐭𝐬 𝐈𝐫𝐨𝐧 𝐎𝐫𝐞 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐭𝐨 𝐑𝐞𝐚𝐜𝐡 𝐔𝐩𝐩𝐞𝐫 𝐄𝐧𝐝 𝐨𝐟 𝟐𝟎𝟐𝟒 𝐆𝐮𝐢𝐝𝐚𝐧𝐜𝐞 𝐅𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐐𝟐 𝐎𝐮𝐭𝐩𝐮𝐭 𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐞 Brazilian mining company Vale SA announced on Tuesday that it anticipates reaching the upper end of its 2024 iron ore production guidance after a 2.4% rise in output in the second quarter. The company reported producing 80.6 million metric tons for the three months ending in June and projects its annual production for 𝟮𝟬𝟮𝟰 𝘁𝗼 𝗯𝗲 𝗯𝗲𝘁𝘄𝗲𝗲𝗻 𝟯𝟭𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗮𝗻𝗱 𝟯𝟮𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝘁𝗼𝗻𝘀. Vale's strong Q2 performance was driven by the efficiency of its S11D and Vargem Grande mining complexes in Brazil. Iron ore sales for the quarter increased by 7.3% year-on-year, totaling 79.8 million tons, bolstered by inventory sales. Analysts from Santander highlighted that 𝗩𝗮𝗹𝗲'𝘀 𝗿𝗼𝗯𝘂𝘀𝘁 𝗽𝗿𝗼𝗱𝘂𝗰𝘁𝗶𝗼𝗻 𝗿𝗲𝘀𝘂𝗹𝘁𝘀 𝗰𝗼𝘂𝗹𝗱 𝗽𝗼𝘀𝗶𝘁𝗶𝘃𝗲𝗹𝘆 𝗶𝗻𝗳𝗹𝘂𝗲𝗻𝗰𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝗿𝗲𝗮𝗰𝘁𝗶𝗼𝗻𝘀 𝗮𝗻𝗱 𝗽𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹𝗹𝘆 𝗲𝗻𝗵𝗮𝗻𝗰𝗲 𝘁𝗵𝗲𝗶𝗿 𝗘𝗕𝗜𝗧𝗗𝗔 𝗲𝘀𝘁𝗶𝗺𝗮𝘁𝗲𝘀 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗾𝘂𝗮𝗿𝘁𝗲𝗿. On a different note, Vale's nickel production saw a 24.4% decrease year-on-year, amounting to 27,900 tons. This decline was primarily due to scheduled maintenance at its processing plants, as stated by the company. #ironore #steel #carbonsteel #buildingmaterials #construction #Mining #Iron #Brazil

Vale Completes Sale of 10% Base Metals Unit to Manara Minerals 🔷 ▶ In a significant move, Brazilian mining giant Vale has successfully concluded the sale of a 10% stake in Vale Base Metals to Manara Minerals for a staggering $2.5 billion. ▶ This landmark deal, finalized as per a securities filing, marks a strategic shift in Vale's portfolio. 💼 Partnership Unveiled: Last July saw the forging of a binding agreement between Vale and Manara Minerals, a notable joint venture backed by the Saudi Arabian Mining Company (Ma’aden) and Saudi Arabia’s Public Investment Fund. The culmination of this partnership underscores Vale's commitment to diversifying its investor base and exploring new avenues for growth. 🤝 Future Prospects: While the deal with Manara Minerals signifies a significant milestone for Vale, the company also addressed its prior agreement with US-based investment firm Engine No. 1. Despite initial plans for Engine to acquire a 3% equity stake in Vale Base Metals, both parties have mutually decided not to proceed with the agreed terms and conditions. However, Vale remains optimistic about potential future collaborations with Engine, keeping the door open for prospective partnerships. Resource https://lnkd.in/gdWCeJj5 MINING.com Sizer Metals Pte Ltd Sizer Metals Pvt. Ltd. #sizermetals #sizermetalspteltd #abizertambawala #metalindustry #metalnews #globaleconomy #globalindustry #markettrends #Vale #ManaraMinerals #MiningIndustry #Partnerships #BusinessNews

𝗔𝗻𝗴𝗹𝗼 𝗔𝗺𝗲𝗿𝗶𝗰𝗮𝗻 𝗿𝗲𝗷𝗲𝗰𝘁𝗲𝗱 𝗕𝗛𝗣'𝘀 𝗼𝗳𝗳𝗲𝗿 In a significant development in the mining industry, Anglo American, a prominent UK-based miner with extensive operations in Latin America, has turned down a substantial $39 billion acquisition proposal from British-Australian mining giant BHP. The rejection was based on the grounds that the offer significantly undervalued Anglo American's future prospects. Anglo American, known for its diverse mineral production, reported copper production of 826,200 tons last year. It operates ten consolidated mines in Latin America, focusing on copper, nickel, and iron ore. These include major sites like Los Bronces, Collahuasi, and El Soldado in Chile, the Quellaveco mine in Peru, and the Minas-Rio and Serpentina iron ore operations in Brazil. Chile remains a strategic focus for Anglo American, housing four major copper sites. The company forecasts a substantial contribution to its copper output from these operations. In Brazil, Anglo American not only leads in nickel production at three fully owned mines but also plans significant investments to enhance its iron ore output. This rejection from Anglo American has spurred interest from other mining giants, with Eduardo Bartolomeo, CEO of Brazilian miner Vale, indicating a potential bid for Anglo American to leverage its strong presence in #Brazil. The mining landscape in #LatinAmerica continues to be a hotspot for major strategic acquisitions, underscored by Anglo American's recent expansion efforts and BHP's ambitious but unsuccessful bid. https://lnkd.in/d3Earny9

From Mining Technology & MINE Magazine : Vale initiates commissioning of Capanema iron ore project in Brazil The Capanema project aims to reach its projected iron ore production of 340–360 million tonnes (mt) by 2026. By Tiash Saha December 04, 2024 https://lnkd.in/dc6PAYDv Excerpt: "The Capanema project marks a significant expansion of Vale's natural moisture or dry processing operations, which currently represent more than 70% of its total iron ore production in Brazil. This method streamlines production steps, reduces environmental impact, and eliminates both water use in processing and waste generation. To restart operations in the Capanema mine, Vale has invested in the reactivation process and implemented a long-distance belt conveyor system (LTC) to transport ore to Timbopeba." As a capital projects professional based in Belo Horizonte—the capital of Minas Gerais, just a short drive from Capanema—I’m following this project closely. It represents not only a major milestone for Vale but also a significant step forward in sustainable mining practices for our region. Dry processing is a game changer, reducing environmental impact and eliminating water usage in iron ore production—a critical advance for the preservation of resources in mining operations. #mining #capitalprojects #projectmanagement #minasgerais

𝗔𝗻𝗴𝗹𝗼 𝗔𝗺𝗲𝗿𝗶𝗰𝗮𝗻 𝗰𝗼𝗻𝘀𝗶𝗱𝗲𝗿𝘀 𝗯𝗶𝗱 𝗳𝗼𝗿 𝗥𝗶𝗼 𝗧𝗶𝗻𝘁𝗼 Anglo American, the foremost producer of #ironore and copper worldwide, is contemplating extending an offer to Rio Tinto, the global mining giant. Recently, Anglo American rebuffed a second acquisition proposal from BHP amounting to US$ 42.71 billion, which could have marked one of the largest mining transactions in recent memory. While Rio Tinto has entertained the idea of tendering an offer before, its leadership remains open to the possibility of a bid for the entire mining conglomerate. Concurrently, Glencore is assessing its potential for a takeover bid targeting Anglo. Refuting BHP's advances, Anglo American's board asserted that the offers substantially underestimate the company's value and its future trajectory. Gwede Mantashe, #SouthAfrica's mining minister, voiced opposition to the BHP takeover, citing the nation's less-than-favorable history with the mining corporation. Notably, the Public Investment Company, a South African government entity, holds a 7% stake in Anglo American. Presently, the #mining firm is devising a recovery strategy, which includes measures such as production curtailments to counteract declining prices and escalating expenses. https://lnkd.in/dVQUKNvE