Vale chief Murilo Ferreira to step down in May
The commodity giant's CEO Ivan Glasenberg, an industry veteran, says he has rarely witnessed such a lack of big copper projects being built.
But the company, whose operations include a copper mine in Chile, posted a US$662mn full-year loss after recording an impairment charge relating to its 24% stake in the Tenke mine in Congo.
Vancouver-based mining exploration companies Angel Gold, Anfield Gold and Lundin Gold provide operating updates.
The latest news from junior mining companies operating in Argentina, Brazil and Peru.
El Brocal tapped stronger zinc, lead and silver prices last year while boosting copper and zinc output, but it wasn't enough to avoid a third annual loss in four years.