|Bid||48.00 x 0|
|Ask||48.49 x 0|
|Day's Range||47.70 - 48.59|
|52 Week Range||25.00 - 48.59|
|PE Ratio (TTM)||14.25|
|Earnings Date||Apr 25, 2018|
|Forward Dividend & Yield||0.98 (2.02%)|
|1y Target Est||19.24|
Two leaks in a month, a 90-day outage and $58 million (£40.4 million) in fines is not enough to temper Anglo American's (AAL.L) ambition for its long-delayed, multi-billion dollar Minas-Rio iron ore mine in Brazil. Purchased at the height of the commodities boom a decade ago for $5.5 billion, Anglo American was once counting on Minas-Rio to produce 26.5 million tonnes of iron ore by 2016. The mine's strength is its high-grade iron ore that commands a premium as the world's biggest commodity consumer China seeks to cut pollution.
RIO DE JANEIRO/BRASILIA, April 16 (Reuters) - Brazilian miner Vale SA said on Monday that total iron ore output slipped 4.9 percent year-on-year in the first quarter to 81.95 million tonnes, although the company maintained its 390 million tonne target for 2018. The world's top iron ore producer said that heavy rains in the first three months of the year impacted its output. Meanwhile, iron ore sales rose 9 percent in the quarter compared to the same period last year, the company said in a securities filing.
Brazilian miner Vale SA said on Monday that total iron ore output reached 81.953 million tonnes in the first quarter and reiterated its guidance of 390 million tonnes for 2018, according to a securities ...
Brazilian pension fund Previ is not likely to sell its shares in Vale SA in a public offering this year, a person with knowledge of the matter said on Wednesday, a week after the iron ore miner announced a more generous dividend policy. Holding on to its full Vale stake would allow Previ to take advantage of Vale's growing dividends as earnings are seen improving, the source said, requesting anonymity to discuss the matter freely. On March 29, Vale approved a dividend policy that will pay shareholders 30 percent of adjusted earnings before interest, tax, depreciation and amortization (Ebitda).
Moody's Investors Service ("Moody's") comments that Vale S.A.'s ( Vale - Ba1, stable) new dividend policy announced on March 29, 2018 after market close is credit positive. The announcement of ...
The Mexican peso weakened on Monday after China slapped tariffs on several U.S. products as retaliation against U.S. protectionism, fueling concerns of a trade war between the world's two biggest economies. ...
The Mexican peso led Latin American currencies lower on Monday after China slapped tariffs on several U.S. products as retaliation against U.S. protectionism, fueling concerns of a trade war between the ...
Declining iron-ore prices is likely to weigh on Vale's (VALE) near-term revenues and profitability. However, the company is poised to grow on higher mining yield and productivity.
Board members of Brazilian miner Vale SA will discuss in a meeting on Thursday a new dividend policy, according to a Wednesday report by newspaper Valor Econômico. Under the new policy, Vale would calculate dividend payouts based on its earnings before interest, tax, depreciation and amortization, a gauge of operating profitability known as EBITDA, Valor said, citing sources close to the discussions. A press representative for Vale declined to comment immediately on the matter.
Vale SA has been willing to do a lot to improve governance and close a valuation gap with rivals, including restructuring its ownership and board. There’s one thing it’s not willing to do yet: disclose ...
Latin American currencies jumped on Monday on optimism that the United States and China are set to begin negotiations on trade, easing fears of a global trade war. The move tracked a surge in global appetite ...
Brazilian logistics company VLI SA has increased capacity of its Ferrovia Norte-Sul railway, a 720-km (447 miles) line linking the central state of Tocantins to the northern port of Itaqui, to serve farmers now harvesting this year's summer crop. The company said it invested 160 million reais ($48.5 million) to buy 240 train cars, raising the number of units by almost 10 percent as producers start collecting soybeans in Matopiba, Brazil's new agricultural frontier in the North/Northeast region. Igor Figueiredo, general manager of VLI's agribusiness unit, told Reuters during a visit to the company's installations in the municipality of Porto Nacional, Tocantins state, that the new cars entered operation this month.
Latin American currencies seesawed on Monday as traders avoided making big bets ahead of a U.S. Federal Reserve policy meeting, the first under new chairman Jerome Powell. Investors largely expect the Fed to lift its benchmark overnight lending rate to a range of 1.5 to 1.75 percent at the end of a two-day meeting on Wednesday and also update its assessment of the economy. More importantly, traders will be closely eyeing the Fed's policy statement in search of clues over the pace of future rate hikes, following signs of Powell's growing confidence in the U.S. economic recovery.
Latin American equities soared across the board on Friday, with Brazil's benchmark Bovespa index gaining the most intraday in three weeks, after new economic data in the United States eased fears of tighter ...
On CNBC's "Mad Money Lightning Round" , Jim Cramer said he can't find a compelling reason to buy Kraft Heinz Co (NASDAQ: KHC ). Cramer thinks it's all right to buy Vale SA (ADR) (NYSE: VALE ) ...
The board of Litel Participações, which holds Brazilian pension funds' stakes at miner Vale SA, has proposed to distribute shares of the miner to the funds. According to a securities filing, the holding company Litel will distribute to its shareholders 201.14 million common Vale shares. Litel is one of Vale's largest shareholders, with a 21 percent stake.
(Recasts with stocks recovering, Mexican peso outlook) By Miguel Gutierrez MEXICO CITY, March 2 (Reuters) - Latin American stocks ended mixed on Friday, with some indexing clawing back narrow gains after earlier sinking broadly on concerns about U.S. President Donald Trump's plan to tack tariffs on to steel and aluminum imports. Brazil and Mexico, the region's two largest economies, are both major steel exporters to the United States. Trump's threats to unleash a trade war over steel and aluminum crushed hopes of substantial progress in the latest talks in Mexico City to rework the North American Free Trade Agreement.
Moody's Investors Service ("Moody's") comments that Vale S.A's ( Vale - Ba1, stable) performance for the year ended December 31, 2017 is credit positive. Recovery in prices across the commodities ...
Brazil's Vale, the world's no. 1 nickel producer, plans to save well over $150 million by reducing costs across its nickel operations, which have notched positive cash flow for the past two months, company executives said on Wednesday. As the miner strives to diversify away from its massive iron ore presence, it is aiming for base metals to account for at least 30 percent of its financial results by the end of 2019.
Mexican equities fell sharply again on Wednesday, posting their biggest monthly loss since September 2011, as a mediocre corporate results season wrapped up and uneasy negotiations continued for the North American Free Trade Agreement. Markets also continued to be spooked following a relatively hawkish speech by the newly appointed head of the Federal Reserve Jerome Powell that raised speculation about increased monetary tightening in the United States in 2018. In a note to clients, Mexican brokerage Monex said global markets were continuing to show mixed movements, but with a downward bias, after Powell's speech.
Executives at Brazilian miner Vale said on Wednesday that the Samarco mine may resume operations around the end of this year or in early 2019, but cautioned that the process depends on obtaining environmental ...