Brazilian mining giant Vale reported that earnings from coal “improved significantly in 2016,” following the start-up of its the Nacala Logistics Corridor and its second mine at Moatize, and a rally in the global price of coal. The company still made a $105 million loss on its coal business in Mozambique, but that compared to…...

Vale Day 2016 at the Churchill Hyatt Regency, Portland Place, London. Photo © Matt Writtle / Vale 2016