A major nickel operation backed by Trafigura Group will need support from a new investor after the trading giant declined to contribute more funds as part of a French government rescue package for the struggling New Caledonian mining industry.
Japanese heavy machinery manufacturer Komatsu is investing in new facilities in Brazil's Minas Gerais and Pará states to serve demand from the mining industry.
World No. 2 iron ore supplier Vale SA delivered a bigger-than-expected increase in production last quarter in a result that may undermine prices of the key steelmaking ingredient.