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DevexCargo, a Devex Group company, is implementing SmartCargo in the Port Complex of Tubarão, in Vitória (ES). The new system will monitor 84 equipment in Vale´s Pelletizing and Mobile Equipment sector, within the port area.
Read moreMineInside, a company from Devex Group, achieved a grade of 100 in Vale´s Supplier Performance index, with Carajás Project, in Parauapebas (Pará). The project obtained the highest grade on the three categories evaluated by the mining company (Project´s General Grade, Technical and Documentation), demonstrating the standard of excellence of the product MineInside PREMIUM- a virtual reality platform that integrates data from many mine softwares to plan, monitor and evaluate the activities of the mine.
Read moreMarket News
| Up and down in price of gold |
After reaching an all-time high well above $1,900 earlier this week, gold is now about $180 lower, just two days later. We have been saying more than once that we should expect these kind of volatile moves in a parabolic end phase. The difficulty of parabolic moves, is to guess when it pops, and to get a chair before the music stops playing, because WHEN it pops (it always does at some point), the move down is very violent, like we have seen over the last 2 days. |
| To access the long-term iron ore, Usiminas paid 1.16 billion dollars |
In this last Thursday, July 14, the Brazilian steelmaker Usiminas announced that it agreed to pay at least 1.16 billion dollars to have access to long iron ore resources in order to battle for an increase in steel prices. |
| Vale plans to spend more than $ 12 billion in Africa |
Over the next five years, the Brazilian mining company, Vale SA, plans to spend more than $ 12 billion in investments in Africa. |
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