|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||9.86 - 10.18|
|52-week range||7.43 - 11.72|
|PE ratio (TTM)||14.59|
|Forward dividend & yield||0.29 (2.88%)|
|1y target est||11.16|
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 (VALE) now has a forward EV-to-EBITDA multiple of 5.4x. This implies a discount of 24.0% to its past five-year average multiple.
Vale’s base metals production rose in 3Q17, with copper production jumping 16.0% and nickel production climbing 10.2% sequentially.
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.
Due to China’s appetite for imported iron ore, the stockpiles at Chinese ports are growing. This trend led China to shift from lower-grade material to higher-grade, low-impurity material.
APIO’s 3Q17 sales volumes came in at 2.2 million tons, reflecting a 20.0% decline year-over-year and a 10% sequential decline.
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. ...
In the current scenario, when iron ore prices have fallen sharply and expectations of a rebound in the near term are weak, the mining companies will be adversely impacted.
China’s property sector is one of its most steel-hungry sectors, accounting for close to 50% of overall steel demand. Therefore, it is important for steel investors to keep tabs on…
China, the largest consumer of iron ore (COMT), contributes more than two-thirds of the world’s seaborne-traded iron ore. Therefore, we can track China’s iron ore imports and the outlook for…
After rising unexpectedly, iron ore prices have fallen into bear territory once again. As China gets ready to cut its steel capacity for four months on November 15, 2017, the…
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 ...
Brazilian stocks are expensive on prospects for margin expansion next year, but there's more to come Credit Suisse says. Analysts Andrew T. Campbell and Otavio Tanganelli write that equities in Brazil ...