Vale

BHP to scale back capital spending by a fifth

15 May 2013

Global mining giant BHP Billiton has outlined plans to slash capital spending by almost a fifth, with new chief executive Andrew Mackenzie warning the brakes could be applied even further.

11:42AM

Vale says giant Valemax ships gain access to Asian ports

26 Apr 2013

Brazil’s Vale said it has increased access of its “Valemax” iron ore carriers to Asian ports and has even docked one of its ships in China where a ban on the giant vessels has been in effect for...

10:02AM

Vale profit rises on back of cost-cutting

25 Apr 2013

Vale, the world's largest iron ore miner, reported profit that beat analysts' estimates for the first time in two years as cost reductions and higher copper sales offset lower prices for the steel...

4:08AM

Iron ore at 2-week low as China demand slips, swaps down

20 Nov 2012

Iron ore swaps dropped on Tuesday after spot prices hit two-week lows with demand from top buyer China losing steam after weeks of restocking.

2:32PM

Rating agency S&P says no respite for iron ore miners

2 Oct 2012

Global credit agency Standard & Poor’s said it saw little improvement in iron ore prices in the near-term and warned that smaller single-commodity miners could see their ratings slip.

2:14PM

Vale still on the hunt for ore fleet buyer

22 Jun 2012

Vale, the Brazilian commodities giant, is continuing to negotiate with mainland and foreign shipowners over the sale of its fleet of 19 massive 400,000 dwt (deadweight tonne) Valemax very large...

6:15PM

Opinion

The last straw for Terry Wong?

2:53PM

Jake Van Der Kamp

iBonds are little help in easing inflation and a bad bet financially

3:55AM

Yards in line for huge ship orders

Mainland shipyards could see a raft of new orders for the massive vessels known as very large ore carriers (VLOCs) once domestic authorities resolve regulatory and other issues, a senior shipping...

3:00PM

Business Digest

YGM buys struggling Aquascutum for HK$188m

2:44PM

Jiangsu assistance buoys China Rongsheng profits

Shares in China Rongsheng Heavy Industries, the mainland's largest privately controlled shipbuilder, fell 4.45 per cent yesterday to end the day's trading at HK$2.36 before the company announced...

10:42AM

Vale expects market for iron ore to hold steady

Vale, the world's largest producer of iron ore, expects prices of the mineral to remain largely stable this year, even after they dropped for seven days straight in their longest losing streak in...

7:40AM

Vale enlists ore transfer vessel to get round ban

Brazilian mining group Vale has expanded the flexibility of its iron ore shipping operations, especially to mainland ports, after taking delivery of a ship that is capable of loading and unloading...

6:08AM

China Rongsheng targets 6-month orders of US$1b

China Rongsheng Heavy Industries will focus on winning more new ship orders from mainland shipowners in the second half of this year to offset a possible drop in orders from the West.

5:45PM