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Posts tagged to Mining

Vale disaster: Mining giant will survive, but repercussions will be severe


The collapse led to the flooding of the town of Brumadinho with 12 million cubic meters of mining waste, wreaking havoc across the landscape. This has not only caused a huge environmental disaster but also led to the deaths of an estimated 169 – a figure which is expected to rise. While Vale is a metal and mining and logistics company, it derives the bulk of its revenue from the ferrous minerals segment, which accounted for 74% of total revenue in FY2017. Vale expects that the anticipated decline in output… Read more

Australia’s mining sector returning to strong growth: Increasing commodity prices and stabilizing export markets boost the sector


The Australian mining sector is said to have witnessed a boom from 2003 onwards, as demand from China, Japan and other major Asian markets surged as a consequence of strong growth. Simultaneously this strong demand boosted commodity prices, resulting in large profits for the Australian mining sector. However as growth in the Australian mining sector’s largest export market China has decelerated in recent years and fears of stronger decreases in the future emerged, the Australian mining sector has taken a hit. Another major export market Japan too suffered financial instability… Read more