Vale SA (VALE5.SA)
17 Apr 2014
R$ 0.39 (+1.39%)
|Market Cap (Mil.):||R$ 163,254.20|
|Shares Outstanding (Mil.):||5,365.30|
CONAKRY - Guinea's government has accepted a report recommending the cancellation of two iron ore concessions held by BSG Resources and its joint venture partner, Brazilian miner Vale , a spokesman said on state television on Thursday.
* Report says BSGR obtained mining rights through corruption
CONAKRY, April 17 - Guinea's government has approved a report recommending that BSG Resources (BSGR) and its joint venture partner, Brazilian mining giant Vale, be stripped of two iron ore concessions, a Guinean government source said on Thursday.
* China may produce 850 mln tonnes of steel in 2014, CEO says
BRASILIA, April 16 - Brazilian mining firm Vale SA believes current market pessimism over China, a top buyer of its iron ore, is not justified, Chief Executive Murillo Ferreira told Reuters on Wednesday.
* China plans 6-8 big iron ore miners to rely less on imports
* BHP lifts full-year iron ore guidance by 5 million tonnes
Brazilian mining company Vale SA said on Tuesday it had concluded a transaction to sell 20 percent of its VLI SA general rail and port cargo unit to Tokyo-based trading company Mitsui Co for 1.51 billion reais ($508 million).
Brazil's national development bank BNDES has approved a 6.2 billion reais ($2.86 billion) loan for mining company Vale SA's expansion of the Carajas iron ore complex in the Amazon region, according to a statement released by the bank on Tuesday.
SAO PAULO/RIO DE JANEIRO, April 11 - Moody's Investors Service on Friday raised the outlook on Vale SA's debt rating to "positive," citing the success of the world's largest iron ore producer to rein in costs in the face of falling prices and uncertain sales volume trends.
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