Vale blames oversupply for poor Colombia coal results
Thermal coal oversupply in the Atlantic market and logistics costs have led to very poor performance at Brazilian miner Vale's Colombian coal mines, a Vale official said on Wednesday. In July Vale reported that its overall Q2 profits fell 84 percent from the same period of 2008 due to lower iron ore output and prices.
Vale selling coal assets including Moatize mine to …
In early 2021, Vale announced its objective to no longer own coal assets, focusing on its core businesses and on its ambition to become a leader in low-carbon mining. Over the past 15 years, Vale has worked in partnership with Mozambique and Malawi governments in the implementation of the Moatize mine and NLC's 912 km …
Vale's coal interests
Vale is a Brazilian diversified mining multinational corporation and one of the largest logistics operators in Brazil. The global mining company has interests in coal mining operations in Australia, China and Colombia and is involved in developing new coal mines in Australia, Colombia, Mongolia and Mozambique. Vale states on its website that …
Vale Sells Colombian Coal Assets
The thermal coal operations in Colombia constitute a fully-integrated mine-railway-port system consisting of the El Hatillo coal mine and the Cerro Largo coal deposit, both …
Vale Sells Colombian Coal Assets | E & MJ
Brazilian mining company Vale has signed an agreement to sell its thermal coal operations in Colombia Colombian Natural Resources, a privately held company, for $407 million in …
Prodeco Coal Mine
The Prodeco mine consists of two open pits, Mina Calenturitas and Mina La Jagua, which had their operations merged in 2017. In 1989, Colombia's state-owned coal company Carbocol granted a concession to Prodeco to operate the mine. [7] In 1995, Prodeco's Colombian coal assets were acquired by Glencore.
vale took over coal mine in colombia
Rio de Janeiro, January 20th, 2021 - Vale S.A ("Vale" or the "Company") informs that on this date it signed a Heads of Agreement ("HoA") with Mitsui & Co., Ltd ("Mitsui"), allowing both parties to structure Mitsui's exit from the Moatize coal mine ("Moatize mine") and the Nacala Logistics Corridor ("NLC"), as a first step towards Vale's ...
vale took over coal mine in colombia
مسكن vale took over coal mine in colombia. J A Brown Wikipedia. In October 1900 the Richmond Vale Coal Mine Railway Act of 1900 was passed by the State Parliament allowing the construction of the railway which was known as the Richmond Vale Railway. In October 1900 J W Brown brought the nearby Stanford Greta Colliery from the Stanford …
Colombia: Cerrejon Coal Mine
The Cerrejon coal mine is located in the department of La Guajira in Colombia. The mining concession covers an area of approximately 69,000ha, spanning over the municipalities of Albania, and Barrancas y Hatonuevo. The coal mine lies within the El Cerrejon sub-basin which is dominated by deltaic rocks of the Paleogene-age …
Vale to sell thermal coal assets in Colombia
Vale informs that it has signed an agreement to sell its thermal coal operations in Colombia to CPC S.A.S., an affiliate of Colombian Natural Resources S.A.S. (CNR), a …
Vale looks to sell Colombian coal ops
Brazil's mining group Vale is looking to sell its 3 million tonnes a year Colombian coal operations, potential buyers told Reuters. Colombia, the world's no. 4 coal exporter, is dominated…
Vale Colombia
In 2012, Vale Colombia agreed to sell its thermal coal assets in Colombia for $407 million to a unit of Goldman Sachs. The divestiture includes Vale's El Hatillo mine, the Cerro …
Vale sells Colombia coal mines to GS-led group | Reuters
Brazilian miner Vale
Vale cashes out of Colombian coal | Financial Times
Vale bought the Colombian assets in 2008 for $306m and has come to regret it since. The mines are relatively small and costly in comparison to the large operations of its rivals in the region.
Vale to cease operations at Integra coal mine in Australia
According to local media reports, the closure will affect 500 people at the Camberwell open-cut and Glennies Creek underground mines. The coal complex produces about 4.5 million tonnes per annum (Mtpa) from the underground and open cut mines, including semi-hard, semi-soft metallurgical coals, which are used in the steel making …
Explosion at Colombian coal mine kills nine workers, traps six
Valentina Ruiz Leotaud | June 5, 2022 | 11:34 am Energy Latin America Coal. Rescue efforts at the La Mestiza coal mine. (Image by the Colombian Civil Defence …
Vale looks to sell Colombian coal ops
One source said: "They're (Vale) selling — the mine doesn't fit with Vale-type operations, they're used to huge, low-cost iron ore mines." In 2009, Vale completed acquisition of some coal assets in Colombia for $306 million (190 million pounds), including El Hatillo coal mine, the Cerro Largo deposit, a minority stake in a ...
Colombia and coal
Colombia's total coal exports for 2010 came in at 68.14 million tons. Carlos Rodado, Colombia's mining minister, has said coal output will reach 144 million tons in 2020. In 2012, Vale Colombia agreed to sell its thermal coal assets in Colombia for $407 million to a unit of Goldman Sachs.
Vale announces the sale of its coal assets
Vale informs that, on this date, it has entered into a binding agreement with Vulcan to sell the Moatize coal mine and the Nacala Logistics Corridor for total proceeds of US$ 270 million, comprised of US$ 80 million at Closing and US$ 190 million from the existing business until Closing; plus a 10-year Royalty Agreement subject to certain mine …
Vale: 'Several years' to recover from Brazil mine …
Vale (NYSE:VALE) said on Monday that it would take several years for Brazil's Doce river to recover following a deadly tailings dam burst at an iron ore mine it jointly owns with BHP Billiton ...
New Colombia Resources Discovers Huge New Coal Seam …
New Colombia Resources, Inc. has discovered a new outcropped coal seam over 3 meters wide while engineers from another company were visiting La Tabaquera to propose a contract to develop some of the assets.. The company has an approved work plan for coal mining, however, they're awaiting approval of a rock …
Vale concludes sale of thermal coal assets in …
Vale informs that it has concluded the sale of its thermal coal operations in Colombia to CPC S.A.S., an affiliate of Colombian Natural Resources S.A.S. (CNR), a privately held …
Vale concludes sale of its coal assets
Vale now. Press. 4/25/22. •. Investors. Vale concludes sale of its coal assets. Vale concluded the sale of the Moatize coal mine and the Nacala Logistics Corridor (NLC) to …
La Francia Coal Mine
The La Francia Mine is a thermal coal mine owned and operated by Colombian Natural Resources (CNR) in El Paso, Cesar, Colombia. The mine previously produced more than 4 million tonnes per annum, but as of August 2020, has suspended operations indefinitely. [3] [4] The La Francia mine is owned by CNR (Colombian Natural Resources), a subsidiary ...
Vale Colombia
Vale Colombia is a wholly owned subsidiary of the global mining company, Vale. Vale Colombia's only operation is the El Hatillo coal mine. The company states that the mine, which produces thermal coal, is located in 210 kilometers southeast of Santa Marta in the central portion of the Cesar Department in Colombia. The company states that "the …
IMPLEMENTATION OF THE MINESIGHT® TOOLS IN THE LAS CUEVAS MINE OF VALE
KEYWORDS: MineSight®, mine planning, coal, geological modeling, Open pit, mine design, Vale, Colombia RESUMEN: Este trabajo expone la implementación de herramientas MineSight® en un proyecto hipotético que será tomado como base en la mina Las Cuevas, apoyado en la modelación convencional, configuración del proyecto, …
Explosion at Colombian coal mine kills nine workers, traps six
Rescue efforts at the La Mestiza coal mine. (Image by the Colombian Civil Defence Department, Twitter ). Nine miners have died and six remain trapped following an explosion at the La Mestiza coal ...
Elements of Colombia's new Mining Law revealed
Elements of Colombia's new Mining Law revealed. Staff Writer | September 17, 2023 | 10:33 am Intelligence Latin America Coal Gold Oil & Gas. Andrés Camacho, …
Vale sells Colombia coal mines to Goldman Sachs-led group
Brazilian miner Vale <VALE5.SA><VALE.N> said on Monday it agreed to sell its thermal coal assets in Colombia for $407 million (259.9 million pounds) to a unit of Colombian Natural ...
Glencore snaps up BHP, Anglo stakes in Colombian coal mine
Glencore (GLEN.L) said on Monday it expects to pay $230 million for the combined 66% stake owned by BHP Group (BHP.AX) and Anglo (AAL.L) when the deal completes in the first half of 2022. It sees ...
