Artikel tagged ‘Vale’
Vale production in 1Q13 was marked by a strong operational performance of the base metals assets. Output of copper and cobalt reached all-time high figures while nickel had its best first quarter of the last three years. Three base metals projects are ramping up production and all of them are doing well, according to plan. [...]
Vale informs that its Executive Board has approved and will submit to the Board of Directors the proposal for payment of the first installment of the minimum dividend of US$ 2.250 billion, as publicly announced on January 28, 2013, equal to US$ 0.436607084 per common or preferred share in circulation, as of February 28, 2013 [...]
Vale informs that pursuant to the preemptive rights provided in the articles of incorporation of the Capim Branco consortium, it has exercised its right of first refusal and completed the acquisition of a 12.47% stake in Capim Branco I and II hydroelectric power plants from Suzano Papel e Celulose S.A. for R$ 223,030,470.52. As a [...]
Vale presents its financial performance forthe full year of 2012 and its fourth quarter (4Q12). 2012 was challenging for the global economy, which amid heightened uncertaintyexpanded for the second consecutive year at below trend pace. One of the consequences of the adverse macroeconomic environment was a generalized decline inminerals and metals prices, with the exception [...]
Vale informs that it has declared force majeure (FM) on a number of its coal sales contracts on February 15, 2013. We are communicating with customers as required under our agreements with them. High rainfall since early February 2013 and continuing over the last few days in Tete, Mozambique, has created serious challenges to the [...]
Vale informs that it has entered into an agreement with Silver Wheaton Corp. (SLW), a Canadian company traded on the TSX and NYSE, to sell 25% of the payable gold by-product stream from the Salobo copper mine for the life of the mine and 70% of the payable gold by-product stream from its Sudbury nickel [...]
Vale delivered a very good operational performance in 4Q12. Iron ore production reached the highest level for a fourth quarter, at 85.5 Mt, allowing for a larger exposure to the price rally of the final months of last year. Due to seasonality, iron ore output in the last quarter of each year is normally lower [...]
Vale informs that it has entered into agreements to complete a purchase option exercised by Vale in June 2010, by which it will acquire an additional 24.5% stake in the Belvedere coal project (Belvedere) from Aquila Resources Limited (Aquila). The purchase price of A$ 150 million (US$ 156 million using AUD/USD of 1.04) is equivalent [...]
Vale announces that its Executive Board has approved and will submit to the Board of Directors a proposal for the distribution of a minimum dividend of US$ 4 billion in 2013, equivalent to US$ 0.776190372 per share for both common and preferred shares outstanding, to be distributed in two installments, on April 30 and October [...]
Vale will perform its first iron ore shipment to its global steel and mining company customer ArcelorMittal using a Valemax vessel to be discharged at the port of Rotterdam. The Berge Jaya, chartered by Vale, is scheduled to berth at Rotterdam’s EMO dry bulk terminal this week. This is the second voyage of the vessel, [...]
Brazilian miner Vale said Thursday the company’s shipping strategy isn’t about owning a fleet of ships but rather making sure the ships are in operation in order to give Vale the opportunity to tap the Chinese market more effectively. “The strategy is not about ownership, about the ship,” said Jose Carlos Martins, Executive Officer responsible [...]
Vale S.A. (Vale) informs that it will pay the semi-annual remuneration on its shareholder debentures (debentures) of R$ 0.023391514 per debenture, amounting to a total of R$ 9,088,984.69, to debenture holders with position registered on the SND – Módulo Nacional de Debêntures (National Debentures Module) and Banco Bradesco S.A., on the closing of September 28, [...]
Rio de Janeiro, August 23, 2012 – Vale S.A. (Vale) informs that Banco Nacional do Desenvolvimento Econômico e Social (BNDES) approved a financing contract of R$ 3.9 billion to implement the CLN 150 Mtpy project. The project will expand the logistics capacity of Vale´s Northern System to 150 million metric tons of iron ore per [...]
Vale says Amazon mine to clinch leadership lost in 2008 Brazil will overtake Australia and regain its position as the world’s top iron ore exporter in 2017 after a giant new Amazon mine owned by Vale SA starts operations, Vale’s investor relations chief said on Tuesday. The reversal will be sealed by the addition of [...]
Spot iron ore prices are expected to reverse to an upward trend soon, as current levels approach the limit of output costs for several producers, a Vale top executive said. “I believe the recovery will happen soon,” José Carlos Martins, the Brazilian miner’s director of iron ore and strategy, said. “It’s not that miners will [...]
Vale S.A. (Vale) informs that it has signed a share purchase agreement to sell its manganese ferroalloys operations in Europe to subsidiaries of Glencore International Plc., a company listed on the London and Hong Kong Stock Exchanges, for US$ 160 million in cash, subject to the fulfillment of certain precedent conditions. The manganese ferroalloys operations [...]
The Brazilian mining company Vale has announced that it is investing in the training of Mozambican train drivers, in order to meet the needs of the local rail system. Vale is one of the companies mining coal in the western Mozambican province of Tete. The first shipment of coal from Vale’s open-cast mine in Tete [...]
Vale’s production report of the thirst quarter in 2012. They are dealing with seasonality.
Vale will today officially open its new US$1.36-billion distribution center and pelletizing plant at the Port of Sohar Industrial Complex in the Sultanate of Oman.
A solid performance: Vale’s operational performance continued to improve in 2011.