Vale SA (VALE5.SA)
24 Feb 2017
R$ -0.25 (-0.79%)
|Market Cap(Mil.):||R$ 170,872.70|
SAO PAULO, Feb 24 Vale SA has stepped up the search for a new chief executive officer as Murilo Ferreira announced his departure, signaling efforts by some top shareholders to shield the world's No. 1 iron producer from political interference, three people with direct knowledge of the situation said on Friday.
BRASILIA, Feb 24 Murilo Ferreira, chief executive of Vale SA, said on Friday he did not know who will succeed him when he steps down from the helm of the Brazilian miner in May.
SAO PAULO, Feb 24 Murilo Ferreira will step down as chief executive officer of Vale SA when his term expires on May 26, the world's No. 1 iron ore producer said on Friday.
BRASILIA, Feb 23 Brazilian miner Vale SA expects the global price of iron ore to average above $80 per tonne in 2017, on the back of increasing steel demand and a smaller rise in new production entering the market, the company's executive director of ferrous minerals said on Thursday.
BRASILIA, Feb 23 Brazilian miner Vale SA expects the global price of iron ore to average above $80 per tonne in 2017, on the back of increasing steel demand and a smaller rise in new production entering the global market, the company's Executive Director of Ferrous Minerals Peter Poppinga said on Thursday. (Reporting by Stephen Eisenhammer Editing by W Simon)
BRASILIA, Feb 23 Brazilian miner Vale SA reported on Thursday net profit of $525 million for the fourth quarter, falling short of analyst expectations but reversing a heavy loss in the period a year earlier thanks to record output and higher iron ore prices.
BRASILIA, Feb 23 Brazilian miner Vale SA said on Thursday its board had approved that a dividend of 4.7 billion reais ($1.53 billion), or 0.91 reais per share, be paid to shareholders.
BRASILIA, Feb 23 Brazilian miner Vale SA on Thursday reported net profit of $525 million for the fourth quarter, falling short of analyst expectations after booking impairments.
SAO PAULO, Feb 22 Vale SA, the world's largest iron ore producer, will redeem next month 750 million euros ($792 million) of bonds that mature in March 2018.
* Vale, former CSA partner, fails to receive earn-out (Adds details on Vale earn-out clause in last two paragraphs, updates share price)
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