Established 1835
RESOURCE STOCKS
✕
PROFIT & LOSS

Vale reports second consecutive quarterly loss

Brazil miner Vale SA (BZ: VALE3) has reported its second consecutive quarterly loss as it made plus-US$2 billion in writedowns related to the fatal dam collapses at Brumadinho in January and at its Samarco joint venture in 2015.

Staff reporter
About US$2 billion in writedowns relate to the Brumadinho (above) and Samarco dam collapses in Brazil

About US$2 billion in writedowns relate to the Brumadinho (above) and Samarco dam collapses in Brazil

Vale said its net loss was $133 million for the June quarter, as a result of provisions of $1.5 billion related to the Brumadinho failure, $237 million for decommissioning Samarco's Germano dam and $383...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now
RELATED ARTICLES
MORE ON THIS TOPIC

FROM OUR PARTNERS

View more
RESOURCE STOCKS

Northern Territory Copper Project Well Positioned

RESOURCE STOCKS

PolarX Strongly Backed by Gold Major

MOST POPULAR

1
MJ COMMENT

The challenges facing gold miners

2
BASE METALS

Not just copper: minerals markets have yet to catch up on the implications of the AI boom

3
PROJECT FINANCE

Emirati company says it's investing $550M in Argentinian lithium

4
MINERS

Another Kalgoorlie capex blowout for Lynas

RESEARCH

lock Premium subscribers only

View more

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.

Content
about
SOLUTIONS
legal

THE ASPERMONT BRAND PORTFOLIO

Copyright © 2000-2024 Aspermont Media Ltd. All rights reserved. Aspermont Media is a company registered in England and Wales. Company No. 08096447. VAT No. 136738101. Aspermont Media, WeWork, 1 Poultry, London, England, EC2R 8EJ.

Login