|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||9.19 - 9.48|
|52-week range||6.57 - 11.10|
|PE ratio (TTM)||13.59|
|Forward dividend & yield||0.00 (0.00%)|
|1y target est||11.46|
NEW YORK/VANCOUVER (Reuters) - Vale SA (VALE5.SA) has decided to postpone the sale of a stake in its New Caledonia nickel mine after the initial bids for the asset came in at the lower end of expectations, two people with knowledge of the matter said. The sale may be delayed for up to a year, as the Rio de Janeiro-based company anticipates a rebound in nickel prices, the sources said, requesting anonymity because they were not authorized to address the matter publicly. One source said Vale was seeking an investment of $500 million to $1 billion in New Caledonia, which has suffered technical setbacks, a chemical spill and violent protests.
It came down to the wire, but BHP Billiton Ltd., Vale SA and their Samarco joint venture managed to close a deal with prosecutors that distances the companies from 175 billion reais ($53 billion) in lawsuits....
Vale S.A. (VALE) is poised to grow on the back of strong productivity, lower debt and greater cost discipline. However, declining iron-ore prices remain a major concern.
Vale SA has received offers to buy a stake in its New Caledonia nickel business as Chief Executive Officer Fabio Schvartsman looks to overhaul underperforming assets.
Vale (VALE) posted strong earnings in third-quarter 2017, on the back of robust sales volumes, reduced costs and favorable pricing environment.
Vale SA’s (VALE) iron ore quarterly production for 3Q17 has set another record. VALE produced 95.1 million tons of iron ore, 3.3% higher year-over-year.
Brazilian mining company Vale SA reported a surge in its third-quarter earnings thanks to higher global prices for iron ore and widening quality premiums.
Miner Samarco, a joint venture between Vale SA and BHP Billiton, said on Wednesday it has decided along with unions to extend the temporary suspension of 800 employees for five months to March 31, 2018. ...
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 ...
Brazil's Vale SA , the world's largest iron ore producer, said on Thursday that iron ore output would close the year near the bottom of its forecast of 360 million to 380 million tonnes, despite record second-quarter production. Vale (Swiss: VALE.SW - news) , said iron ore production reached 91.849 million tonnes in the April to June period, a record for a second quarter, up 5.8 percent from 86.823 million tonnes in the same period last year.
Brazilian iron ore miner Vale SA said on Thursday that a federal court in Minas Gerais has suspended a case brought by prosecutors seeking 155 billion reais ($49.7 billion) in damages for the 2015 Samarco mine disaster. Vale said in a securities filing the court suspended other lawsuits to facilitate negotiation of a final deal on damages resulting from the collapse of a tailings dam at the mine - a joint venture between Vale and the world's largest mining company, BHP Billiton Ltd.
Brazilian iron ore miner Vale SA said on Thursday that a federal court in Minas Gerais has suspended a case brought by prosecutors seeking 155 billion reais in damages for the 2015 Samarco mine disaster. ...
Brazilian miner Samarco and its shareholders Vale SA and BHP Billiton have requested to extend until Jan. 19 a deadline to pay 1.2 billion reais in guarantees related to the collapse of a tailings dam ...
BRASILIA/RIO DE JANEIRO, Dec (Shanghai: 600875.SS - news) 9 (Reuters) - Brazil's federal environment body Ibama approved on Friday the operating license for a giant iron ore mine being constructed by Vale SA in the Amazonian state of Para known as S11D. The license is valid for 10 years, a document published on Ibama's website said. The mine will have a capacity of 90 million tonnes and reasserts Vale's position as the world's top iron ore producer, after years of stagnation in which Australia's Rio Tinto (Hanover: CRA1.HA - news) effectively equaled its output.
LONDON, Dec (Shanghai: 600875.SS - news) 1 (Reuters) - Vale SA, the world's top iron ore producer, said a judge was soon to ratify a settlement with the Brazilian government regarding its Samarco iron ore joint venture with BHP Billiton (NYSE: BBL - news) . General Counsel Clovis Torres told investors and analysts at a presentation in London that it "should not take long" for a judge in Brazil to approve the Samarco settlement.
BHP Billiton and Vale Sa have each approved $181 million to fund remediation and compensation programs at the Samarco iron ore joint venture in Brazil following a deadly mine disaster in November 2015. ...
A federal judge in Brazil has agreed to hear a criminal case against four companies and 22 employees for a burst tailings dam at the Samarco mine that killed 19 people last November, according to a court document seen by Reuters on Friday. Prosecutors last month accused Samarco, its joint-venture owners Vale SA and BHP Billiton (NYSE: BBL - news) , and consultant VogBR of environmental crimes, while employees were accused of homicide in the disaster, which also polluted a major river. The court document, signed by federal judge Jacques de Queiroz Ferreira and dated Wednesday, said the defendants had 30 days to present their defense.