Chief executive Andrew Mackenzie and his Vale counterpart Murilo Ferreira toured the site of the Germano mine on Thursday
The world's largest miner failed to win Canada's backing despite making more than $1bn in concessions. Nikhil Kumar reports
The old rumour mill was grinding yesterday, with further gossip driving up the shares in BG Group. The gas explorer had already risen more than 3 per cent last Wednesday following talk that China National Offshore Oil Corporation (CNOOC) could come in with a £14 per share bid.
Rio Tinto and BHP Billiton have abandoned plans for a $116bn (£73bn) joint venture merging the two companies' iron ore operations at Pilbara in Western Australia.