Edition:
United Kingdom

Vale SA (VALE3.SA)

VALE3.SA on Sao Paulo Stock Exchange

45.88BRL
15 Feb 2019
Change (% chg)

R$ 0.22 (+0.48%)
Prev Close
R$ 45.66
Open
R$ 45.40
Day's High
R$ 46.02
Day's Low
R$ 45.19
Volume
27,877,700
Avg. Vol
24,873,267
52-wk High
R$ 62.42
52-wk Low
R$ 40.06

Latest Key Developments (Source: Significant Developments)

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
Monday, 28 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

Vale Announces Early Tender Results And Early Settlement Of Cash Tender Offers
Tuesday, 27 Nov 2018 

Vale SA ::VALE ANNOUNCES EARLY TENDER RESULTS AND EARLY SETTLEMENT OF CASH TENDER OFFERS.VALE SA - OFFERS WILL EXPIRE AT 11:59 P.M., NEW YORK CITY TIME, ON DECEMBER 10, 2018.  Full Article

BHP Billiton Says Brazilian court approves settlement for Samarco
Wednesday, 8 Aug 2018 

Aug 9 (Reuters) - BHP Billiton Ltd ::SAMARCO UPDATE.ON 8 AUGUST 2018, 12TH FEDERAL COURT OF MINAS GERAIS FORMALLY RATIFIED GOVERNANCE AGREEMENT.HAS REACHED AN AGREEMENT TO SETTLE CLASS ACTION COMPLAINT FILED IN US DISTRICT COURT OF SOUTHERN DISTRICT OF NEW YORK.UNDER TERMS OF AGREEMENT, BHP HAS AGREED TO PAY PLAINTIFFS US$50 MILLION, WITH NO ADMISSION OF LIABILITY.  Full Article

Emerita Resources Announces $3,000,000 Private Placement
Thursday, 26 Jul 2018 

July 26 (Reuters) - Vale SA ::EMERITA RESOURCES ANNOUNCES $3,000,000 PRIVATE PLACEMENT.EMERITA RESOURCES - INTENDS TO COMPLETE A NON-BROKERED PRIVATE PLACEMENT FINANCING OF UP TO 60 MILLION UNITS AT $0.05 PER UNIT.EMERITA RESOURCES - PROCEEDS OF OFFERING WILL BE USED TO CONTINUE EXPLORATION PROGRAM ON SALOBRO ZINC PROJECT, SATISFY UPCOMING PAYMENT TO VALE S.A..  Full Article

BHP Updates on Settlement Over Samarco Dam Burst
Monday, 25 Jun 2018 

June 26 (Reuters) - BHP Billiton Ltd ::SAMARCO UPDATE .ENTERED INTO A FRAMEWORK AGREEMENT WITH OTHER PARTIES THAT PROVIDES FOR SETTLEMENT OF BRL20 BILLION CIVIL CLAIM.AGREEMENT CONDITIONAL ON FEDERAL GOVERNMENT OF BRAZIL SIGNING AGREEMENT & IS SUBJECT TO RATIFICATION BY 12TH FEDERAL COURT OF MINAS GERAIS.PARTIES HAVE AGREED TO FILE A PETITION WITH 12TH FEDERAL COURT TO DISMISS BRL20 BILLION CIVIL CLAIM.GOVERNANCE AGREEMENT PROVIDES FOR SUSPENSION OF BRL155 BILLION CIVIL CLAIM FOR PERIOD OF 2 YEARS FOLLOWING RATIFICATION OF GOVERNANCE AGREEMENT.AGREED ON A PROCESS TO DISMISS CERTAIN OTHER PUBLIC CIVIL ACTIONS WHICH COVER SAME CLAIMS AS BRL155 BILLION CIVIL CLAIM.  Full Article

BHP Says Court Postponed Deadline For Samarco Settlement
Sunday, 22 Apr 2018 

April 23 (Reuters) - BHP Billiton Ltd ::SAMARCO UPDATE.COURT IN BRAZIL APPROVED ADDITIONAL 66 DAYS TO CONTINUE DISCUSSIONS ON NEGOTIATIONS FOR SETTLEMENT OF CLAIMS RELATED TO SAMARCO DAM FAILURE.EXTENSION WILL END ON 25 JUNE.  Full Article

Brazil's Vale says new dividend policy in effect from Q2 results
Thursday, 29 Mar 2018 

March 29 (Reuters) - :BRAZILIAN MINER VALE SAYS BOARD APPROVES NEW DIVIDEND POLICY, TO TAKE EFFECT FROM ANNOUNCEMENT OF Q2 RESULTS.BRAZILIAN MINER VALE SAYS DIVIDEND WILL BE 30 PERCENT OF ADJUSTED EBITDA, LESS CAPEX OVER FIRST HALF OF THE YEAR.VALE SAYS FIRST INSTALLMENT OF DIVIDEND IN NEW POLICY TO BE PAID IN SEPTEMBER.VALE SAYS SECOND INSTALLMENT TO BE PAID IN MARCH BASED ON SECOND HALF 2018 RESULTS.VALE SAYS BOARD COULD DECIDE TO PAY EXTRAORDINARY DIVIDENDS.  Full Article

UPDATE 3-Brazil arrests 8 Vale employees in alleged cover-up in dam disaster

SAO PAULO/RIO DE JANEIRO, Feb 15 Brazilian police arrested eight employees of mining firm Vale SA on Friday, accused by state prosecutors of covering up weaknesses at a dam that collapsed and likely killed more than 300 people.