|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||9.31 - 9.66|
|52 Week Range||5.48 - 11.10|
|PE Ratio (TTM)||13.92|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y Target Est||12.83|
Brazil's Vale SA , the world's largest iron ore producer, said on Thursday its production in the third quarter hit a fresh quarterly record, boosted by a ramp-up at its S11D mine. Iron ore output rose 3.3 percent compared with the same period last year to 95.1 million tonnes, the company said, spurred by record quarterly production in Vale's so-called northern system, which includes the Carajas, Serra Leste and S11D mines in the state of Para. The company maintained its forecast that total iron ore output in 2017 would approach the lower end of a range between 360 million and 380 million tonnes.
A bid by China to clean up pollution in its biggest cities and industrial towns is fueling a push to mine resource riches on the other side of the globe in the Amazon rainforest -- one of the most environmentally ...
A fire disrupted operations at a Vale Fertilizantes plant in Brazil's southeastern state of Minas Gerais on Thursday, the company said. The fire occurred at a water cooling tower for a plant producing sulfuric acid in its Uberaba facility around noon and was under control within an hour, a spokeswoman said in an emailed statement. Brazilian regulators approved Mosaic's purchase of Vale Fertilizantes in August in a deal that makes miner Vale SA the largest shareholder in the U.S-based firm.
Vale SA (VALE) has a forward EV-to-EBITDA multiple of 6.1x, reflecting a 10% discount to its past five-year average multiple.
Vale’s 2Q17 results were not very encouraging for investors, as its earnings dropped sharply from $1.1 billion in 2Q16 to $16.0 million in 2Q17.
According to the consensus compiled by Thomson Reuters, 48% of the analysts recommend a “hold” for Vale stock compared to 43% recommending a “buy.”
Brazilian miner Vale SA redeemed $1 billion worth of 2019 bonds issued through a subsidiary abroad and announced a tender offer for up to $750 million worth of debt maturing in 2020, according to a securities ...
BHP Billiton (BHP) released its fiscal 2017 results on August 21, 2017. Despite posting a fivefold increase in underlying profits, it missed analysts’ estimate.
Brazilian regulators are planning to strengthen rules to prevent exporters such as Petrobras and Vale SA from selling aging ships to buyers who offload the vessels in South Asia’s controversial coastal ...
SAO PAULO/RIO DE JANEIRO, Aug 14 (Reuters) - B igger-than-expected shareholder backing for Vale SA's stock conversion plan could lead the world's No. 1 iron ore producer to speed up the listing of common shares in Brazil's strictest market to lure a broader investor base. Chief Executive Officer Fabio Schvartsman told investors in a Monday conference call that the conversion plan, which ended last week, was "a success." A total 1.66 billion Vale preferred shares, or 84.4 percent of that class of stock in circulation, joined the plan, topping a minimum 54.09 percent threshold. Chief Financial Officer Luciano Siani said on the call that Vale was not considering cash incentives to buy back stock from investors who did not swap their preferred shares into common ones.
Vale SA could list common shares in Brazil's strictest listing market segment as early as this year, depending on how it can convince preferred holdouts to convert their shares, executives said on Monday....
Bigger-than-expected shareholder support in Vale SA's stock conversion plan is leading the world's No. 1 iron ore producer to accelerate the listing of common shares in Brazil's strictest listing segment, executives said on Monday. Chief Executive Officer Fabio Schvartsman told investors on a conference call that Vale was not considering using cash to buy back stock from investors who failed to swap their preferred shares into common ones. The São Paulo Stock Exchange's Novo Mercado is the bourse's strictest listing chapter.
Investors in Brazil's Vale SA have overwhelmingly agreed to swap their preferred stock into common shares, handling the world's No. 1 iron ore producer a victory in a plan that will give equal votes to all shareholders and limit government meddling. In a Thursday securities filing, Vale said a total 1.421 billion preferred shares, or the equivalent of over 72 percent of that class of stock in circulation, joined the plan, topping the minimum 54.09 percent threshold set to approve a share conversion plan. The plan puts a limit to the meddling of politicians in Vale - an aspect that weighed on the company's stock during former President Dilma Rousseff's five years in office.
Brazilian miner Vale SA has reached a mininum threshold set for a proposed voluntary share conversion, after about 72 percent of current shareholders agreed to swap their preferred stock into common shares. In a Thursday securities filing, Vale said a total 1.421 billion preferred shares -- which comprise company stock traded in Brazil and the United States -- joined the plan. The company had set a minimum 54.09 percent threshold to approve the share conversion.
Brazilian mining company Vale SA on Wednesday said it has sold two ships with a capacity to carry 400,000 tonnes of iron ore each for a total of $178 million. The company said it received the payment on ...
While cyberattack extortion is in vogue the world over, in Brazil’s Amazon region old-school shakedowns are no thing of the past.
Vale S.A. (VALE) reported better-than-expected Q2 results. However, challenging pricing conditions in the mining market hurt results on a sequential basis.
A record value of corporate bonds reached investment grade status over the last 12 months, led by commodity companies pulling out of a market rout. A company’s average score among the three major credit-rating firms must reach investment grade for its debt to shift to Bank of America’s high-grade index, therefore the bonds are typically being upgraded by two ratings firms.
Brazilian miner Vale SA said on Thursday it would seek out fresh copper mining options and stop expanding nickel production capacity after second-quarter net income plunged on forex losses, rising costs and weaker iron ore prices. The world's largest iron ore miner kept making slow progress on cutting net debt, which slipped 3 percent in the three months through June to $22.12 billion - still a far cry from a target of $15 billion to $17 billion by year-end. Fabio Schvartsman, who took over as CEO in May, said the company was aiming for $15 billion in net debt in 2018, adding that a company reliant on volatile commodity prices should ideally not be carrying debt at all.
Mexico's stock market hit a fresh record high on Tuesday, boosted by expectations of good earnings, while Brazil's stocks hit a one-month high as commodity price gains lifted shares of local blue-chips ...
Brazilian stocks hit a one-month high on Tuesday as commodity price gains boosted shares of local blue-chips Vale SA and Petróleo Brasileiro SA. China-listed iron ore futures snapped a three-day losing ...