|Bid||45.13 x 0|
|Ask||45.45 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|Beta (3Y Monthly)||1.24|
|PE Ratio (TTM)||17.20|
|Earnings Date||Mar 27, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||17.29|
Brazilian steelmaker Gerdau SA plans to invest 300 million reais through 2021 to implement a mining process known as dry stacking in the Brazilian state of Minas Gerais, an executive said on an earnings ...
Brazil's mining regulator has ordered Vale SA to suspend activity at its Fabrica and Vargem Grande complexes, the iron ore miner said late on Wednesday, as authorities crack down after last month's fatal dam break. In a statement, Vale said the ANM mining regulator ordered the suspension in light of the possible failure of five dams at the mining sites in the interior state of Minas Gerais. In late January, a tailings dam at Vale's Corrego do Feijao mine failed in the same state, likely killing more than 300 people.
Miner Vale SA said on Thursday it would pay adult residents in the Brazilian town of Brumadinho a total of 12,000 reais ($3,227.02) as compensation for the damage from a dam that collapsed and killed over 300 people in January. The payment is the equivalent of 12 monthly minimum wages in Brazil.
Freeport Looks Solid as Long-Awaited Supply Disruption HitsFreeport Freeport-McMoRan (FCX), the leading US-based copper miner, has been strong this year. The stock has seen upwards price action of 27.5% so far in the year based on its closing prices
German inspection firm TÜV SÜD said on Tuesday it will no longer certify tailings dams owned by the world's largest iron ore miner Vale SA, after a dam burst in January, killing over 300 people. The firm, which had signed off on Vale's dams in the past, said in a statement there was "heightened uncertainty" over whether the current certifications system is appropriate. Brazilian authorities arrested two TÜV SÜD employees https://reut.rs/2EiaMgA in the wake of the disaster, but freed them soon later.
The chief executive of mining group BHP has no plans to quit and will focus on the "nuclear level of safety" needed to avoid any repeat of the Vale dam collapse in Brazil, as well as on transforming his own company. Speculation about the future of CEO Andrew Mackenzie, 62, has swirled since 2017 when activist investor Elliott Advisors began campaigning for change and Ken MacKenzie was appointed as chairman. Asked about how long he planned to stay, Mackenzie, in the role since 2013, said he was not thinking about moving on.
German inspection firm TÜV SÜD said on Tuesday that it will no longer certify tailings dams owned by the world's largest iron ore miner Vale SA, after a dam burst in January, killing over 300 people. The ...
The global iron ore market has been thrown upside down by the tragedy, after Vale was forced to shutter operations and the Brazilian government said it’s banning certain types of dams used to hold mining waste. While rival producers such as BHP and Rio Tinto Group might be expected to fill the gap, they’ve got little room to respond after focusing in recent years on maximizing profits rather than increasing volumes. BHP is operating its Australian iron ore operations at full strength and doesn’t expect changes as a result of the January incident, Chief Executive Officer Andrew Mackenzie told reporters on a call Tuesday.
Most Latin American stock markets dropped on Monday, with stocks in Brazil leading the losses on uncertainty fed by a brewing political scandal, while Latin American currencies broadly softened against ...
All so-called upstream dams need to be decommissioned or removed by August 2021, according to a resolution the National Mining Agency, or ANM, published on Monday in the nation’s official gazette. Vale has said it will spend 5 billion reais ($1.4 billion) to decommission its 10 upstream dams in the next three years. The upstream method is typically the cheapest way for miners to contain ponds of tailings waste, a byproduct of extracting iron ore.
Brazil's government on Monday banned new upstream mining dams and ordered the decommissioning of all such dams by 2021, targeting the type of structure that burst last month in the town of Brumadinho, killing hundreds of people. In January, one such dam operated by miner Vale SA, the world's largest iron ore miner, collapsed, unleashing a wave of mud that bulldozed nearby structures and has likely killed more than 300 people. The move by Brazil's mining regulator, which would impact some 50 upstream mining dams in Brazil's mining heartland of Minas Gerais state alone, is the strongest governmental response yet to the disaster.
The people near the B3/B4 dam in the Mar Azul mine, about 25 kilometers (16 miles) from the state capital, were evacuated to a community center on Saturday night and will be accommodated in hotels, the company said in a statement. The miner’s operations have fallen under stricter government scrutiny after more than 150 people were killed in a collapse of a structure in Brumadinho, Minas Gerais, in January.
SÃO PAULO—Brazilian police arrested eight employees of mining giant Vale SA on suspicion of murder after a judge found evidence suggesting they had known for months about significant safety problems at one of its dams before it burst last month, killing more than 160 people. The dam’s auditors considered falsifying results of a safety inspection out of fear that Vale would cancel or alter another contract between the two companies if they failed to declare the dam safe, according to prosecutors cited by the judge in the arrest warrant. The Vale employees arrested were directly responsible for the mine.
SAO PAULO/RIO DE JANEIRO (Reuters) - Brazilian police arrested eight employees of mining firm Vale SA on Friday, accused by state prosecutors of covering up weaknesses at a dam that collapsed and likely killed more than 300 people. Police also executed 14 search warrants as part of the probe of the country's deadliest mining disaster, prosecutors in the mining state of Minas Gerais said. The arrests and search warrants targeted employees of Vale as well as German auditing firm TÜV SÜD, which had certified the dam as stable.
Seeking assurances from Brazilian miner Vale by phone after a second deadly dam disaster in three years is not enough for Sasja Beslik. Beslik, head of sustainable finance at Swedish bank Nordea, blocked the bank's investment managers from buying any more Vale shares on Jan. 26, the day after a dam filled with mining waste burst its banks, killing hundreds. Vale needs to address the risks associated with tailings dams and deal with its waste material safely if it is to prevent an exodus of global funds and stem the recent share price slide.
Brazilian miner Vale SA said a fire broke out on Friday in its distribution center in Malaysia, temporarily affecting shipments, according to a securities filing. Vale added that the fire caused "only ...
Brazilian police are serving 14 search and eight arrest warrants related to a criminal investigation into the causes of a deadly dam disaster in the town of Brumadinho, Minas Gerais state prosecutors said in a statement on Friday. The arrest and search warrants target employees of miner Vale, operator of the tailings dam that collapsed last month, as well as employees of German auditing firm TUV SUD. Authorities in the state of Sao Paulo, Minas Gerais and Rio de Janeiro are involved in the operation, the state prosecutors said.
Seven employees of Brazilian miner Vale SA have been arrested following the deadly collapse of the company's Brumadinho dam in January that claimed hundreds of lives, the Globonews cable TV channel reported ...
The collapse of Vale's Brumadinho iron ore tailings dam in Brazil was both shocking and devastating in its impact. It was the 11th serious tailings dam failure in the last decade and such catastrophic events are becoming more frequent, according to researchers at World Mine Tailings Failures (WMTF). Indeed, the number of incidents is going to rise further, according to the U.S. not-for-profit organisation that tracks all recorded tailings storage facility (TSF) failures.
BRASILIA/RIO DE JANEIRO/SAO PAULO (Reuters) - Brazilian miner Vale's safety procedures have not worked, the company's chief executive said on Thursday, responding to questions from lawmakers after one of the company's dams collapsed last month with the loss of hundreds of lives. "Vale humbly acknowledges that, whatever we have been doing, it has not worked, as a dam has collapsed," CEO Fabio Schvartsman told lawmakers in Brazil's lower house, who are investigating the tragedy. The break of Vale's dam polluted the Paraopeba river and killed at least 166 people, with nearly 200 still missing, according to the latest information from rescue workers.
Q4 Earnings: Why Cleveland-Cliffs’ Upside Could Be Far from Over(Continued from Prior Part)Significant turnaround Since the new management took over Cleveland-Cliffs (CLF) in August 2014, the company has turned around for the better. The debt
BRASILIA/SAO PAULO, Feb 13 (Reuters) - Brazilian steelmaker Cia Siderurgica Nacional (CSN) and port company Porto Sudeste have lodged complaints against miner Vale SA's proposed acquisition of rival Ferrous Resources Ltd, antitrust regulator Cade said on Wednesday. Vale's plan to buy Ferrous from controlling shareholder Icahn Enterprises LP in a $550 million deal was announced in December. Vale is also facing unprecedented scrutiny in Brazil following the collapse of a mining dam in the town of Brumadinho last month that likely killed hundreds in a deadly mud flow.
Brazilian miner Vale SA will resume operations at a port terminal in Vitória, in the southeastern state of Espírito Santo, after reaching an agreement with local authorities, according to a securities ...