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Vale SA (VALE3.SA)

VALE3.SA on Sao Paulo Stock Exchange

48.40BRL
1:24am IST
Change (% chg)

R$ 0.58 (+1.21%)
Prev Close
R$ 47.82
Open
R$ 48.64
Day's High
R$ 49.43
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R$ 48.33
Volume
23,347,000
Avg. Vol
23,715,102
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R$ 62.42
52-wk Low
R$ 40.51

Latest Key Developments (Source: Significant Developments)

Vale Says No Technical Evidence To Believe That Possible Slippage In Gongo Soco Mine Could Trigger Rupture Of Nearby Dam- Statement
Friday, 17 May 2019 

May 16 (Reuters) - Vale SA ::VALE SAYS NO TECHNICAL EVIDENCE TO BELIEVE THAT POSSIBLE SLIPPAGE IN GONGO SOCO MINE COULD TRIGGER RUPTURE OF NEARBY DAM- STATEMENT.  Full Article

Dongkuk, Posco, Vale To Buy $500 Million Worth Of New Shares To Be Issued By CSP
Monday, 13 May 2019 

May 13 (Reuters) - Dongkuk Steel Mill Co Ltd <001230.KS> says::TO SPEND 177 BILLION WON ON BRAZIL'S CSP.AGREES WITH POSCO, VALE TO BUY $500 MILLION WORTH OF NEW SHARES TO BE ISSUED BY CSP OVER THE NEXT 3 YEARS.  Full Article

Fitch Says Higher Iron Ore Price May Persist, Benefit Miners' Cash Flow
Thursday, 18 Apr 2019 

April 17 (Reuters) - Fitch::FITCH SAYS HIGHER IRON ORE PRICE MAY PERSIST, BENEFIT MINERS' CASH FLOW.FITCH SAYS ELEVATED IRON ORE PRICES WILL ALSO HELP SUPPORT VALE'S CREDIT FUNDAMENTALS FOLLOWING BRUMADINHO TAILINGS DAM COLLAPSE IN JANUARY.FITCH SAYS EXPECT SOME SUPPLY TIGHTNESS & MARKET DISLOCATION TO BE TRANSITORY, GAP OF LOST PRODUCTION TO NARROW, PRICE OF IRON ORE TO SOFTEN IN H2 2019.FITCH, ON IRON ORE MINERS, SAYS ADDITIONAL DISRUPTIONS AND CONTINUED HEALTHY DEMAND FROM CHINA WOULD SUPPORT PRICING.  Full Article

Vale SA Says It Continues Cooperating Fully With The Authorities To Ascertain The Facts Related To The Dam Breach
Thursday, 11 Apr 2019 

April 10 (Reuters) - Vale SA ::VALE SA SAYS IT CONTINUES COOPERATING FULLY WITH THE AUTHORITIES TO ASCERTAIN THE FACTS RELATED TO THE DAM BREACH.  Full Article

Brazil Plans To Charge Vale Over Deadly Mine Collapse - WSJ, Citing Lead Investigator
Thursday, 11 Apr 2019 

April 10 (Reuters) - :BRAZIL PLANS TO CHARGE VALE OVER DEADLY MINE COLLAPSE - WSJ, CITING LEAD INVESTIGATOR.LEAD INVESTIGATOR JOSE ADERCIO LEITE SAMPAIO SAID GATHERED ENOUGH EVIDENCE TO AFFIRM VALE EMPLOYEES INVOLVED IN OPERATION OF MINE KNEW DAM WAS UNSAFE - WSJ.  Full Article

Mosaic Files For Non-Timely 10-K
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - Mosaic Co ::MOSAIC CO FILES FOR NON-TIMELY 10-K - SEC FILING.MOSAIC SAYS IS FILING NOTIFICATION OF LATE FILING ON FORM 12B-25 WITH RESPECT TO ITS ANNUAL REPORT ON FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 2018.MOSAIC - UNABLE TO FILE 10-K FOR YEAR ENDED DEC. 31 DUE TO "COMPLEX NATURE" OF CO’S PURCHASE OF GLOBAL PHOSPHATE, POTASH OPERATIONS THROUGH VALE FERTILIZANTES S.A..  Full Article

Fitch Says Limited Systemic Risk For Brazil Banks From Vale Dam
Monday, 4 Feb 2019 

Feb 4 (Reuters) - Fitch::FITCH SAYS LIMITED SYSTEMIC RISK FOR BRAZIL BANKS FROM VALE DAM.FITCH SAYS EFFECTS OF VALE DAM DISASTER ON BRAZILIAN BANKS WILL REFLECT THEIR DIRECT AND/OR INDIRECT CREDIT RISK, REGIONAL ECONOMIC EXPOSURE.FITCH SAYS BRAZIL'S FINANCIAL SYSTEM AS A WHOLE SHOULD FACE LIMITED IMMEDIATE NEGATIVE EFFECTS FROM COLLAPSE OF VALE'S TAILINGS DAM IN MINAS GERAIS.FITCH SAYS EFFECTS OF VALE DAM DISASTER ON BRAZILIAN BANKS WILL REFLECT POTENTIAL MARK-TO-MARKET EFFECT OF VALE`S STOCKS, BONDS AND/OR LOAN PORTFOLIOS.FITCH SAYS BRAZILIAN FINANCIAL SYSTEM'S DIRECT EXPOSURE TO VALE'S BONDS IS LIMITED.FITCH SAYS VALE'S CURRENT RATING LEVELS SHOULD BE UNAFFECTED BY POSSIBLE INCREASES IN CREDIT PROVISIONS BY BANKS, WHICH SHOULD BE LIMITED, MANAGEABLE.FITCH, ON RISK FOR BRAZIL BANKS FROM VALE DAM, SAYS BANKS MAY SEE LIMITED SHORT-TERM CAPITAL PRESSURE DUE TO DIRECT ECONOMIC EXPOSURE VIA CREDIT OPERATIONS.  Full Article

BHP Updates On Samarco Debt Negotiations
Tuesday, 29 Jan 2019 

Jan 29 (Reuters) - Bhp Group Ltd ::SAMARCO DEBT NEGOTIATIONS UPDATE-BHP.AX.PARTIES HAVE NOT REACHED AGREEMENT ON RESTRUCTURING OF SAMARCO'S UNSECURED FINANCIAL OBLIGATIONS.RESTART OF SAMARCO'S OPERATIONS WILL OCCUR ONLY IF IT IS SAFE, ECONOMICALLY VIABLE AND HAS SUPPORT OF COMMUNITY.RESUMING OPERATIONS REQUIRES GRANTING OF LICENCES BY STATE AND FEDERAL AUTHORITIES AND COMMUNITY HEARINGS, AMONG OTHER REQUIREMENTS.  Full Article

Harvest Minerals Provides Statement On Brumadinho Tailings Dam Failure
Monday, 28 Jan 2019 

Jan 28 (Reuters) - Harvest Minerals Ltd ::HARVEST MINERALS LTD - STATEMENT ON BRUMADINHO TAILINGS DAM FAILURE.HARVEST MINERALS LTD - ACCIDENT ON FRIDAY AFTERNOON AT VALE'S FEIJÃO IRON ORE MINE AT BRUMADINHO, MINAS GERAIS.HARVEST MINERALS LTD - HARVEST DOES NOT PRODUCE ANY WASTE MATERIAL AND THEREFORE DOES NOT REQUIRE ANY TAILINGS DISPOSAL.HARVEST MINERALS LTD - INCIDENT IS THEREFORE ALSO UNLIKELY TO IMPACT APPLICATION FOR A FULL MINING LICENSE.  Full Article

Brazilian miner Vale receives antitrust approval to acquire innovation company New Steel
Wednesday, 2 Jan 2019 

Jan 2 (Reuters) - Vale SA ::BRAZILIAN MINER VALE RECEIVES ANTITRUST APPROVAL TO ACQUIRE INNOVATION COMPANY NEW STEEL.  Full Article

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Column: Iron ore is surging, but not all producers are joining the party

LAUNCESTON, Australia While iron ore prices have surged to a five-year high above $100 a tonne, not all producers of the steel-making ingredient are sharing in the bounty.