|Bid||42.68 x 0|
|Ask||43.07 x 0|
|Day's Range||42.60 - 43.40|
|52 Week Range||25.00 - 43.75|
|PE Ratio (TTM)||13.26|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Brazil's Vale is in talks with Anglo American BHP Billiton Plc on options for their joint venture Samarco, and it may be easier for Vale to resolve that miner's problems as sole owner, a Vale director said on Wednesday. "Maybe Vale would be a natural owner of Samarco, maybe it could make Samarco operate again," André Figueiredo, Vale's investor relations director, said during a meeting with investors and analysts in Sao Paulo.
Increased mining yield, lower debt and improving iron-ore prices anticipated to boost Vale S.A.'s (VALE) near-term competency. However, headwinds might impede growth.
Vale SA (VALE3.SA) is in talks with BHP Billiton Ltd (BHP.AX) over the future of their joint venture, Samarco Mineração SA, and one alternative is for the Brazilian miner to buy out its partner, a source with knowledge of the matter said on Wednesday. Samarco has not operated since November 2015 after flood waters inundated a dam designed to hold back mine waste, causing it to burst and flood nearby towns. Nineteen people were killed in what was Brazil's worst environmental disaster.
Vale SA and BHP Billiton Ltd. are in talks over the future of their Samarco iron-ore joint venture, including the possibility of the Brazilian miner taking full ownership, according to people familiar ...
Each day, the Benzinga Pro news team highlights several stocks with Trading Idea potential. Be the first to see them by becoming a Benzinga Pro user! Netflix, Inc. (NASDAQ: NFLX ) stock gained nearly 2 ...
BHP’s Minerals Australia’s president, Mike Henry, stated that iron ore and coking coal (KOL) prices should sharply rebound before February 2018 as buyers replenish their stocks.
Today I will be providing a simple run-through of the discounted cash flows (DCF) method to estimate the attractiveness of Vale SA (NYSE:VALE) as an investment opportunity. Anyone interested inRead More...
Rating Action: Moody's rates the 122th series of first issuance of RB Capital's real estate certificates. Global Credit Research- 28 Dec 2017. BRL 49.979 million of certificates rated.
Vale is entering a period in which it plans to pay out big dividends, Chief Executive Officer Fabio Schvartsman said on Friday at an event commemorating the Brazilian miner's inclusion in the Sao Paulo stock exchange's strictest listing market segment. "Now is the era of the Vale dividends. Vale will become a big payer of dividends if everything goes well," Schvartsman said, reiterating that a new dividend plan would be released in March, without stating an amount.
(Adds company news items, futures) Dec 12 (Reuters) - Britain's FTSE 100 index is seen opening up 13 points on Tuesday, according to financial bookmakers, with futures up 0.22 percent ahead of the cash ...
More women are heading to remote mines, as big companies diversify their workforces and technology transforms the industry. The payoff: Safer, more productive mines.
Brazilian miner Vale will likely reduce its $21 billion debt load to $10 billion by 2019, and will dedicate cash flow from then on to paying out dividends, the chief financial officer of the world's top iron ore producer said on Friday. "The message is very clear here, which is that beyond the achievement of the $10 billion target we're going to distribute everything as dividends," Luciano Siani Pires said at an investor event in London. Vale, the world's largest iron ore producer, has been recovering since a slump in iron ore prices and hefty outlays for the ramp-up of its S11D mine crimped its financial performance in recent years.
Brazilian miner Vale SA concluded on Thursday the sale of two ships to Shanghai's Bank of Communications Finance Leasing Co Ltd for $178 million. In a regulatory filing, Vale said the sale concludes the ...
Brazil's Vale, the world's top iron ore producer, will use cash flow, which could reach $14 billion or $15 billion this year, to cut debt and pay dividends, Chief Executive Officer Fabio Schvartsman said on Monday. Speaking at an event in Rio de Janeiro, Schvartsman said the miner tended to generate $14 billion or $15 billion in cash in good or normal years, adding that 2017 was normal. "The first thing we are going to do with the cash is pay debt, and then we are going to make this company's shareholders happy as never before," Schvartsman said, without specifying a time frame.
Brazilian stocks rose on Monday after the Chinese government ordered cutbacks to steel production, leading to tight supplies for some mill products and lifting shares of miner Vale SA. Steel mills are ...
Cash generation at Brazilian miner Vale will be used to pay dividends, cut debt, and should help improve the company's rating, the CEO of the world's top iron ore said on Monday. "Paying dividends ...
As we discussed in the previous part of this series, analysts have been turning around on Vale SA (VALE). Its stock has gained 33% year-to-date.
Iron ore will weaken next year as global supplies increase including from a new mine in Brazil at the same time that steel production risks topping out in China, according to Goldman Sachs Group Inc., ...
Vale SA (NYSE:VALE) delivered an ROE of 15.36% over the past 12 months, which is an impressive feat relative to its industry average of 5.76% during the same period. WhileRead More...
BHP and Vale also entered into an amendment agreement that brings the Brazilian prosecutors into the preliminary agreement regarding the settlement of the mine disaster claims, BHP said. The amendment agreement is subject to approval by the Brazilian court, BHP added.
Dec.06 -- Fabio Schvartsman, chief executive officer at Vale SA, discusses the iron ore market, his outlook for growth in China, dividends and his outlook for nickel. He speaks to Bloomberg's Joe Deaux at the New York Stock Exchange.