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India

Vale SA (VALE3.SA)

VALE3.SA on Sao Paulo Stock Exchange

45.67BRL
22 Feb 2018
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R$ 45.67
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R$ 46.80
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Latest Key Developments (Source: Significant Developments)

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

BHP Billiton updates on investigation findings into causes of failure at Samarco dam
Tuesday, 30 Aug 2016 

BHP Billiton Ltd : Samarco update . Panel of 4 geotechnical specialists published findings into causes of failure of FundãO tailings dam at iron ore operations of Samarco . Dean Dalla Valle, BHP Billiton's chief commercial officer, said the dam failure had a devastating impact . Vale, BHP Billiton brasil and Samarco jointly commissioned Cleary Gottlieb Steen & Hamilton LLP to investigate cause of failure . Separately undertaken a comprehensive review of significant dams, which has confirmed that those dams are stable . Says reviewing non-operated minerals joint ventures in its portfolio . Says will centralise management of all major non-operated minerals joint ventures in the minerals americas operating group . Says will establish a new BHP Billiton global standard for non-operated minerals joint ventures .Will apply the process for dam safety reviews developed by the Canadian Dam Association at all of its minerals assets.  Full Article

Teixeira Duarte units win 66.4 mln euro deal in Brazil
Thursday, 25 Aug 2016 

Teixeira Duarte SA : Said on Wednesday that its Brazilian units EMPA SA Servicos de Engenharia and Somafel Obras Ferroviarias e Matritimas Ltda had signed a contract with Vale SA to execute certain construction works along the railroad in Maranhao and Para states in Brazil . Contract is worth 239.6 million Brazilian reais ($74.3 million), which corresponds to 66.4 million euros .Works to be done in 759 days to count as of July 26.  Full Article

BHP Billiton updates on outlook
Tuesday, 16 Aug 2016 

BHP Billiton Ltd : "Expect findings of the external investigation into the cause of the dam failure to be released shortly" . "Near-term is difficult" . "On track to deliver US$2.2 billion of gains over two years to end FY 2017" .  Full Article

BHP Billiton says FY statutory attributable loss $6.39 bln
Tuesday, 16 Aug 2016 

BHP Billiton Ltd : BHP Billiton results for the year ended 30 June 2016 . There were no fatalities at our operated sites in the 2016 financial year. . FY statutory attributable loss $6.385 billion versus profit of $1.91 billion a year ago . Determined to pay final dividend of 14 US cents per share . Capital and exploration expenditure declined by 42% to US$6.4 billion and is expected to decrease further to US$5.0 billion in the 2017 financial year . On a cash basis, capital and exploration expenditure was US$7.7 billion and is forecast to decline to US$5.4 billion in the 2017 financial year. . FY revenue down 31% to $30.912 billion . "Net debt of US$26.1 billion broadly unchanged from December 2015." . "Over the medium term, China is expected to grow more slowly" . The adjusted effective tax rate is expected to be in the range of approximately 35 to 40 per cent for the 2017 financial year. . "Next year, we expect another US$1.8 billion of productivity gains" . Says Samarco has confirmed it is unlikely to have in place the necessary approvals to restart its operations in this calendar year . "Economic uncertainty and high inventory levels of crude oil are likely to keep prices volatile but range bound" . Forecast "delivering more than US$7 billion of free cash flow based on current spot prices and a forecast reduction in net debt" . "We are confident in the long-term outlook for our commodities, particularly oil and copper.".  Full Article

UPDATE 1-Vale notches record iron ore output in 2017, sales slip

RIO DE JANEIRO, Feb 16 Brazilian miner Vale said on Friday that total iron ore output reached a record of 366.5 million tonnes last year, boosted by record high production from its so-called northern system, even as iron ore sales slipped slightly from 2016.