Established 1835
RESOURCE STOCKS
✕
PROFIT & LOSS

Vale reports second consecutive quarterly loss

Makes further US$2 billion in writedowns related to two fatal dam collapses

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
PARTNER CONTENT

Macquarie Arc: Elephants hiding in plain sight

PARTNER CONTENT

BHP builds 'beautiful' Xplor community

MOST POPULAR
1
MJ COMMENT

Resolute CEO's detention underscores the reality of political risk

2
AFRICA

South Africa cuts off support to 4,000 trapped miners

3
MINERS

BHP to reveal Chile investment plan

4
LATIN AMERICA

Brazilian court acquits Vale, BHP and Samarco for Mariana disaster

RESEARCH

lock Premium subscribers only

View more

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Journal Intelligence team.

editions

ESG Mining Company Index: Benchmarking the Future of Sustainable Mining

The ESG Mining Company Index report provides an in-depth evaluation of ESG performance of 61 of the world's largest mining companies. Using a robust framework, it assesses each company across 9 meticulously weighted indicators within 6 essential pillars.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

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.

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