Media Room

Vale names logistics exec as new coal and ferrous metals chief

Brazil's Vale, the world's top iron-ore miner, has named Marcelo Spinelli as its new head of coal and ferrous metals, it said in a filing on Monday. Spinelli has served as the chief executive of VLI Logistica, a maritime and railway logistics firm in which Vale has a stake, since 2010, and has "solid experience in integrated logistics operations," Vale said.

Peabody starts reventilating North Goonyella with aim of resuming production next year

Coal miner Peabody has taken the first step to resuming operations at the fire-hit North Goonyella mine in Queensland, Australia, with an announcement on Friday that it is proceeding with the ventilation of the first segment of the coal mine.

This forms part of a phased reventilation and re-entry plan, which aims to resume longwall production in 2020.

Myanmar raises A$20m

Metals developer Myanmar Metals will raise A$20.8-million through a share placement to institutional investors.

The ASX-listed company on Friday reported that had received firm commitments for the placement of more than 319.9-million shares, at a price of 6.5c each from domestic and international institutional investors.