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Brazil's Vale Shuts Down Operations At Australia Coal Mine

SAO PAULO -(Dow Jones)- Brazilian miner Vale SA (VALE, VALE5.BR) said Thursday it has declared force majeure on shipments from an Australian coal mine. The Carborough Downs mine, part of Vale's operations in the Central Bowen Basin in Queensland, was shut down after high levels of carbon monoxide were detected, Vale said in a statement. The Queensland State Inspectorate for Mines subsequently ordered all employees be evacuated from the mine, it said, adding that no one was hurt. Vale said about 7,700 tons of production has been lost since May 29. In the first quarter of the year, Carborough Downs produced 325,000 tons of coal, it said. Vale said it is working with the regulator to restart operations as soon as possible. -By Matthew Cowley, Dow Jones Newswires, +55 11 3544 7082; matthew.cowley@dowjones.com

Stock News for Companhia Vale Do Rio Doce (VALE)
DateTimeHeadline
07/03/201505:49:27China Ends Ban on 400,000-Ton Iron-Ore Freighters
06/26/201506:02:49Report of Foreign Issuer (6-k)
06/25/201517:21:51Report of Foreign Issuer (6-k)
06/20/201516:08:03Is China Going to Use the Mining Downturn to Take Over the Industry?
06/15/201517:19:58Brazilian Shares Dragged Lower by Uncertainty on Greek Debt;...
06/10/201518:13:19ADRs End Higher; 21Vianet Rises, Renren Declines
06/10/201517:24:37Brazilian Shares Rise as Vale Advances; Real Weakens Against...
06/10/201512:30:35Brazil's Vale Plans to Slash Capital Spending Next Three Years
06/10/201512:19:26Brazil's Vale Plans to Slash Capital Spending Next Three Years
06/03/201521:40:12U.S. Steelmakers Seek Punitive Tariffs on Imports
06/03/201506:03:01Report of Foreign Issuer (6-k)
06/01/201515:05:02Is This Metals Giant Loading a $2 Billion Growth Cannon?
06/01/201508:53:36Report of Foreign Issuer (6-k)
05/29/201512:09:02How Much Are You Paying for Growth at Vale SA (ADR)?
05/29/201509:30:25Brazil Economy Contracts Less Than Expected
05/23/201516:00:025 Things Vale SA ADR's Management Wants You to Know
05/22/201515:02:02These Mining Giants Are Throwing in the Towel; Are Iron Ore Prices...
05/20/201522:10:21China Cosco, China Shipping Development Sign Long-Term Shipping...
05/20/201505:54:11China Cosco, China Shipping JV to Buy Mega Ships From Vale
05/19/201519:50:10China Premier Unveils Financing, Trade Pacts in Brazil

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