|Bid||12.80 x 0|
|Ask||15.00 x 0|
|Day's Range||13.49 - 13.49|
|52 Week Range||11.00 - 15.62|
|Beta (3Y Monthly)||1.18|
|PE Ratio (TTM)||20.82|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
A closely watched embankment at a Brazilian iron ore mine run by Vale SA has begun to slide slowly into the bottom of a mining pit, the company said on Friday, reducing concerns that a sudden landslide would trigger a dangerous dam collapse. Authorities had initially feared that a landslide at Vale's Gongo Soco mine could destabilize the nearby Sul Superior dam, wreaking havoc on a nearby town. An environmental official for the state of Minas Gerais had previously estimated a 10-15% chance of the Sul Superior dam losing integrity due to tremors from the expected landslide.
An embankment at a Brazilian iron ore mine run by Vale SA has begun to slide slowly into the bottom of a mining pit though it is unlikely to have major consequences, the firm said in a securities filing ...
An unstable embankment at Vale SA's Gongo Soco mining pit in Brazil has a lower risk than previously thought of collapsing in a way that would destabilize the nearby Sul Superior dam, the iron ore miner said in a statement on Tuesday. Last week, an environmental official for the state of Minas Gerais estimated a 10-15% chance of the Sul Superior dam losing integrity due to tremors from the expected landslide in the mining pit.
The worst is behind Brazilian mining operator Vale SA (NYSE: VALE ), according to Bank of America Merrill Lynch. The Analyst Analyst Timna Tanners upgraded Vale from Neutral to Buy and raised the price ...
It was bad enough for Paulo de Morais when he was expelled in early February from the house where he lived for 22 years, in the shadow of a mining dam at risk of collapse. De Morais was evacuated with about 450 of his neighbors under orders from Brazil's mining agency, which feared a repeat of the catastrophe at Brumadinho 65 kilometers (40 miles) away. A dam collapse there in late January unleashed a wave of toxic mud that buried alive more than 240 Vale SA employees and neighbors.
China's steel futures rose nearly 4% on Tuesday despite concerns over the escalating trade dispute with the United States, as investors expect stronger steel demand from the property market. "Downstream ...
China's steel futures edged up on Tuesday despite the concerns over escalating tension between the world's top two economies, as investors expect stronger steel demand from property market. Although the costlier trade war had weighed on financial markets across countries, Chinese steel futures still managed to make some gains, supported by better-than-expected demand from property sector.
Brazilian iron ore miner Vale SA told prosecutors in the state of Minas Gerais that a dam is at risk of rupturing at its Gongo Soco mine, about 40 miles from where its Brumadinho dam collapsed, killing more than 230 people. According to a document published on Thursday, prosecutors said Vale is predicting the dam in the city of Barao de Cocais may collapse next week if the current rate of movement in the embankment of the mine pit close to the dam is maintained. Vale said in a late afternoon statement it remained unclear whether the slippage in the embankment would actually trigger a collapse of the nearby Sul Superior dam, but said it was raising its level of alert and readiness for such an extreme case.
Brazilian iron ore miner Vale SA told prosecutors in the state of Minas Gerais that a dam is at risk of rupturing at its Gongo Soco mine, about 40 miles (65 kilometers) from where its Brumadiho dam collapsed, leaving more than 230 people dead. According to a document published on Thursday, prosecutors said Vale is predicting the dam in the city of Barao de Cocais may collapse next week if the current rate of movement in the embankment of the mine pit close to the dam is maintained. Earlier this week, Vale had identified movement close to the mine, which has not been active since 2016.
Brazilian miner Vale SA is reviewing its assets portfolio, considering their risk and return, the company said in slides prepared for a presentation to investors on Tuesday. The company also said that ...
RIO DE JANEIRO/SANTIAGO, May 10 (Reuters) - Brazilian miner Vale SA's chief financial officer said on Friday that the company could restore production to a level of 400 million metric tonnes of iron ore within two to three years after a deadly dam burst curtailed activity at several mines. At the same time, CFO Luciano Siani said that quickly restarting production was not the company's top priority after the Brumadinho disaster, for which the company was forced to take nearly $5 billion in writedowns in the first quarter.
Brazilian miner Vale SA's newly appointed Chief Executive Eduardo Bartolomeo said during his first conference call with analysts that the miner is fully committed to paying reparations to those affected ...
SANTIAGO/RIO DE JANEIRO, May 9 (Reuters) - Brazil's Vale SA set aside $4.95 billion to pay for costs from the collapse of its Brumadinho tailings dam, driving the world's top iron ore miner deep into the red as it reckoned with the aftermath of one of the country's deadliest industrial disasters. Vale, which swung to a $1.64 billion first-quarter net loss, acknowledged it was still too early to determine all the costs related to the Brumadinho collapse in late January, which unleashed a torrent of toxic mud that killed at least 237 people, most of them buried alive. Prosecutors accusing the company of ignoring warning signs ahead of the disaster pressured it into replacing Fabio Schvartsman as chief executive with company veteran Eduardo Bartolomeo.
SANTIAGO/RIO DE JANEIRO, May 9 (Reuters) - Brazil's Vale SA on Thursday reported a $1.64 billion quarterly net loss as the world's top iron ore miner struggled with the aftermath of one of the country's deadliest mining disasters.
Brazil's Vale SA said on Wednesday that its iron ore production and sales slumped in the first quarter from a year earlier, reflecting the impact of the deadly collapse of a tailings dam at Brumadinho in late January. Iron ore output fell 11 percent to 72.87 million tonnes while sales of the commodity slid 22 percent in the three-month period to 55.416 million tons. The world's largest iron ore exporter shuttered various mines after the dam at Brumadinho collapsed, unleashing a torrent of toxic mud that buried nearby buildings, including a company cafeteria, killing 236 people, with 34 still missing.
China's iron ore imports in April fell to the lowest level in 18 months as poor weather in Brazil, the country's second-biggest supplier, disrupted shipments and some production by miner Vale SA was halted after a mine accident. Arrivals of iron ore, a key steelmaking raw material, were 80.77 million tonnes last month, the lowest since October 2017, data from the General Administration of Customs showed on Wednesday. For the first four months of 2019, China imported 340.21 million tonnes of iron ore, customs data showed, down 3.7 percent from 353.32 million tonnes in the same period last year.
Brazilian miner Vale SA , the biggest iron ore producer, announced on Monday that its board has confirmed Eduardo Bartolomeo as the company's chief executive. Bartolomeo took over as interim head of Vale two months ago when his predecessor Fabio Schvartsman resigned after one of the company's mining dams burst in the Brazilian state of Minas Gerais in January, killing hundreds. "I accept the commitment to lead Vale at the most challenging moment of it history," he said in a statement issue by the company.
Minority shareholders of Brazilian iron ore miner Vale SA have enough votes to request that board members be elected independently using a cumulative voting system and not in a single vote approving all names proposed by controlling shareholders, the company said in a filing. Broker Vic DTVM and fund Geracao Futuro Lpar proposed Patricia Bentes as an independent member, challenging a list of 13 candidates presented by the company's controlling shareholders. Vale said in the securities filing on Saturday the election of its board members may occur on Tuesday under the new cumulative voting system.
Latin American stock markets broadly fell on Wednesday, with sharp losses seen among Brazil's stocks as cheer on a pension reform proposal passing a congressional hurdle wore off, while currencies in Latin ...
Brazilian miner Vale SA said on Wednesday it has filed a lawsuit in the United States to force BSG Resources Ltd (BSGR) to pay it about $1.25 billion, as mandated by an arbitrator in a dispute over a joint venture in Guinea, plus interest and expenses. Earlier this month, Vale said an arbitration court in London had ordered BSGR to pay $1.246 billion. The suit, filed in the U.S. District Court for the Southern District of New York, seeks payment of more than $2 billion when interest and expenses are taken into account.