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Vale SA (VALE3.SA)

VALE3.SA on Sao Paulo Stock Exchange

52.69BRL
1:38am IST
Change (% chg)

R$ -0.36 (-0.68%)
Prev Close
R$ 53.05
Open
R$ 52.99
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R$ 53.12
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R$ 52.46
Volume
13,687,700
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19,677,222
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R$ 62.42
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R$ 40.51

Latest Key Developments (Source: Significant Developments)

Navios Maritime Holdings Reports Q4 Adj EBITDA Of $45.5 Mln
Wednesday, 20 Feb 2019 

Feb 20 (Reuters) - Navios Maritime Holdings Inc ::. REPORTS FINANCIAL RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2018.Q4 REVENUE $127.4 MILLION.AS OF FEBRUARY 15, 2019, NAVIOS HOLDINGS HAS CHARTERED-OUT 70.9% OF AVAILABLE DAYS OF 2019.2019 AVERAGE CONTRACTED DAILY CHARTER-IN RATE FOR LONG-TERM CHARTER-IN VESSELS IS $13,628..QTRLY ADJUSTED EBITDA $45.5 MILLION.QTRLY BASIC LOSS ATTRIBUTABLE TO NAVIOS HOLDINGS' COMMON STOCKHOLDERS PER SHARE $16.93.QTRLY ADJUSTED BASIC LOSS ATTRIBUTABLE TO NAVIOS HOLDINGS' COMMON STOCKHOLDERS PER SHARE $1.79.Q1 OF 2019 HAS BEEN ADVERSELY AFFECTED BY VALE DAM INCIDENT, AS WELL AS UNEXPECTED WEAKNESS DUE TO TARIFF CONCERNS.  Full Article

S&P Says Takes A Closer Look At The Implications Of The Dam Collapse For Vale S.A.
Tuesday, 12 Feb 2019 

Feb 11 (Reuters) - S&P Global Ratings::S&P, ON COLLAPSED DAM AT VALE S.A.'S MINE, SAYS IT IS VERY DIFFICULT NOW TO MAKE A CONCRETE ESTIMATE.S&P SAYS STAND-ALONE CREDIT PROFILE (SACP) ON VALE IS CURRENTLY AT 'BBB'.S&P SAYS ON THE DAY OF THE ACCIDENT, S&P PLACED ALL RATINGS ON VALE ON CREDITWATCH WITH NEGATIVE IMPLICATIONS.  Full Article

BHP Pays Out $211 Mln To Support Dam Accident Rehabilitation Fund
Friday, 29 Jun 2018 

June 29 (Reuters) - Bhp Billiton Ltd ::SAMARCO UPDATE.AGREED TO FUND US$211 MILLION IN FINANCIAL SUPPORT FOR RENOVA FOUNDATION AND SAMARCO MINERAÇÃO S.A. UNTIL 31 DECEMBER 2018.AMOUNT OF US$158 MILLION WILL BE OFFSET AGAINST GROUP'S PROVISION FOR SAMARCO DAM FAILURE.A SHORT-TERM FACILITY OF UP TO US$53 MILLION WILL BE MADE AVAILABLE.  Full Article

Wheaton Precious Metals Acquires Cobalt Stream From Vale's Voisey's Bay Mine
Tuesday, 12 Jun 2018 

June 11 (Reuters) - Wheaton Precious Metals Corp ::WHEATON PRECIOUS METALS ACQUIRES COBALT STREAM FROM VALE'S VOISEY'S BAY MINE.WHEATON PRECIOUS METALS CORP - WILL PAY VALE UPFRONT CASH CONSIDERATION OF US$390 MILLION UPON CLOSING OF COBALT STREAM.WHEATON PRECIOUS METALS - TO BUY FROM UNIT OF VALE AMOUNT OF FINISHED COBALT EQUAL TO FIXED PERCENTAGE OF COBALT PRODUCTION FROM VOISEY'S BAY MINE.WHEATON PRECIOUS METALS - TO MAKE ONGOING PAYMENTS OF 18% OF METAL BULLETIN MARKET PRICE PER COBALT POUND DELIVERED.WHEATON PRECIOUS METALS - VALE ENTERED INTO A SEPARATE STREAMING AGREEMENT WITH COBALT 27 CAPITAL CORP.WHEATON PRECIOUS METALS - CO, COBALT 27 TO PROVIDE VALE $690 MILLION IN FUNDING FOR COBALT EQUAL TO 75% OF VOISEY'S BAY COBALT PRODUCTION EFFECTIVE JAN 1, 2021.WHEATON PRECIOUS METALS - INITIAL UPFRONT CASH PAYMENT MILLION WILL BE PAID BY USING AMOUNTS DRAWN FROM $2 BILLION REVOLVING CREDIT FACILITY.  Full Article

Avanco Acquires Pantera Project From Vale
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - Avanco Resources Ltd ::AVANCO ACQUIRES PANTERA PROJECT FROM VALE.AN INITIAL 5,000 METRE DRILLING PROGRAMME IS CURRENTLY BEING ASSESSED AND WILL BEGIN DURING Q1 OF 2018.MANAGEMENT ESTIMATE ACQUISITION COST WILL LIKELY RANGE BETWEEN US$20 MILLION AND US$35 MILLION.  Full Article

Mosaic says Changes In Pending Vale Fertilizantes Transaction Include Reduction In Purchase Price Consideration To $1.15 Bln In Cash, 34.2 Mln Shares
Tuesday, 2 Jan 2018 

Jan 2 (Reuters) - Mosaic Co ::THE MOSAIC COMPANY ANNOUNCES MODIFICATIONS TO PENDING VALE FERTILIZANTES TRANSACTION.MOSAIC CO - ‍VALE S.A. WILL RETAIN EQUITY OWNERSHIP IN TIPLAM PORT AND MOSAIC WILL CONTINUE TO HAVE RIGHT TO USE TIPLAM PORT FACILITY​.MOSAIC CO - CHANGES IN DEAL INCLUDE REDUCTION IN PURCHASE PRICE CONSIDERATION TO $1.15 BILLION IN CASH AND 34.2 MILLION SHARES OF CO'S COMMON STOCK.MOSAIC CO - TRANSACTION IS EXPECTED TO CLOSE ON OR ABOUT JANUARY 8, 2018.  Full Article

Bhp Billiton ‍Agrees To Fund Up To US$181 Mln For Renova Foundation & Samarco Mineração
Friday, 22 Dec 2017 

Dec 22 (Reuters) - Bhp Billiton Ltd ::‍AGREED TO FUND A TOTAL OF UP TO US$181 MILLION IN FINANCIAL SUPPORT FOR RENOVA FOUNDATION AND SAMARCO MINERAÇÃO S.A UNTIL 30 JUNE 2018​.AN AMOUNT OF US$48 MILLION WILL BE MADE AVAILABLE TO SAMARCO.AN AMOUNT OF US$133 MILLION WILL BE USED TO FUND RENOVA FOUNDATION TO UNDERTAKE REMEDIATION AND COMPENSATION PROGRAMS.  Full Article

Vale estimates $13 bln to $19 bln adjusted EBITDA in 2020
Thursday, 7 Dec 2017 

Dec 6 (Reuters) - :VALE ESTIMATES ADJUSTED EBITDA BETWEEN $13 BILLION AND $19 BILLION IN 2020 -FILING.VALE ESTIMATES EBITDA MINUS MAINTENANCE INVESTMENTS BETWEEN $10.4 BILLION AND $16.4 BILLION IN 2020.  Full Article

The Mosaic Company Q3 earnings per share $0.65
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - Mosaic Co ::The Mosaic Company reports third quarter 2017 results.Q3 earnings per share $0.65.Q3 sales $2.0 billion.Mosaic Co - ‍reduces annual dividend target to $0.10 per share​.Mosaic Co - ‍net sales in potash segment totaled $474 million for Q3, up from $428 million last year​.Mosaic Co - ‍net sales in phosphates segment were $779 million for Q3, down from $930 million last year​.Mosaic Co - ‍provided a strategic update identifying cumulative cash flow improvements in excess of $1 billion by end of 2020​.Mosaic Co - ‍Q3 average MOP selling price, fob plant, was $182 per tonne, up from $160 per tonne a year ago​.Mosaic Co - ‍potash segment's total sales volumes for Q3 were 2.2 million tonnes, flat with last year's levels​.Mosaic Co - ‍Q3 average DAP selling price, FOB plant, was $329 per tonne, compared to $326 per tonne a year ago​.Mosaic Co - ‍total sales volumes for phosphates segment are expected to range from 2.3 to 2.6 million tonnes for Q4 of 2017​.Mosaic Co - ‍Q3 earnings per share included a positive impact of $0.22 from notable items​.Mosaic Co qtrly ‍phosphates segment total sales volumes were 2.1 million tonnes, down from 2.5 million tonnes last year​.Mosaic Co - ‍mosaic's realized DAP price, FOB plant, is estimated to range from $320 to $350 per tonne for Q4 of 2017​.Mosaic Co - ‍has identified additional value creation opportunities ahead of pending acquisition of vale fertilizantes​.  Full Article

BHP Billiton updates on settlement agreements regarding Samarco dam failure
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - BHP Billiton Ltd :‍Entered into a preliminary agreement with federal prosecutors' office in Brazil in relation to Samarco dam failure​.‍Preliminary agreement suspends a BRL 1.2 billion injunction order under BRL 20 billion public civil claim​.‍12th court approved extension of date for negotiation of settlement arrangements.On 30 Oct court approved extension of date for negotiation of settlement arrangements and amendment to preliminary agreement​.‍Extension allows for continuation of interim security arrangements provided to court on 24 Jan 2017​.  Full Article

Investors of Brazil's Vale seek compensation related to dam burst at local panel -report

SAO PAULO, July 17 A group of investors in Vale SA has filed a claim against the mining company with a Brazilian arbitration panel, seeking compensation linked to the deadly dam burst in Brumadinho early this year, newspaper Valor Economico reported on Wednesday.