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Vale SA (VALE3.SA)

VALE3.SA on Sao Paulo Stock Exchange

48.40BRL
18 Sep 2019
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R$ 62.42
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R$ 40.51

Latest Key Developments (Source: Significant Developments)

Brazilian Holding Firm Litel Reduces Stake In Miner Vale To 17.23% - Filing
Tuesday, 27 Aug 2019 

Aug 26 (Reuters) - Vale SA ::BRAZILIAN HOLDING FIRM LITEL REDUCES STAKE IN MINER VALE TO 17.23% - FILING.BRAZILIAN HOLDING FIRM LITEL, WHICH HOLDS PENSION FUNDS STAKE IN VALE, REDUCED STAKE BY 1.8%- FILING.BRAZIL'S LITEL SAYS SHARES WERE NOT PART OF SHAREHOLDERS AGREEMENT AND WERE TRANSFERRED TO PENSION FUNDS AS DIVIDENDS- FILING.  Full Article

Vale CFO says company saw Successful ramp-up in Mozambique
Thursday, 1 Aug 2019 

Aug 1 (Reuters) - Vale SA ::VALE CFO SAYS COMPANY WILL HAVE QUITE STRONG THIRD QUARTER TO BOLSTER RECONSTRUCTION, FUTURE SHAREHOLDER RETURNS.VALE CFO SAYS CAPITAL SPENDING TO ACCELERATE IN H2 WITH OUTLOOK, LIKELY TO REACH MORE THAN $4 BILLION.VALE CEO SAYS TOO EARLY TO TALK ABOUT RESUMPTION OF DIVIDEND PAYMENTS.VALE CEO SAYS SAMARCO SEEN RESTARTING OPERATIONS IN SECOND HALF OF 2020.VALE CFO SAYS COMPANY HOPES TO CLOSE GLOBAL ACCORD TO PAY COMPENSATION TO BRUMADINHO DAM BURST VICTIMS BY YEAR END.VALE CFO SAYS BIG CHANGE IN CONTRIBUTION TO RENOVA FOUNDATION FOR MARIANA VICTIMS EXPLAINS NEW RELATED EARNINGS CHARGE.VALE FERROUS METALS DIRECTOR REAFFIRMS 2019 IRON ORE SALES OUTLOOK OF 307-332 MILLION TONNES.VALE CFO SAYS COMPANY SAW SUCCESSFUL RAMP-UP IN MOZAMBIQUE COAL MINE BUT THERE ARE BOTTLENECKS IN PLANT.  Full Article

Seanergy Maritime Holdings Reports Qtrly Net Loss Per Common Share, Basic Of $3.23
Friday, 14 Jun 2019 

June 14 (Reuters) - Seanergy Maritime Holdings Corp ::SEANERGY MARITIME HOLDINGS REPORTS FINANCIAL RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2019.Q1 REVENUE FELL 25 PERCENT TO $16 MILLION.DAILY TIME CHARTER EQUIVALENT OF FLEET FOR Q1 OF 2019 WAS $7,633, COMPARED TO $11,700 IN Q1 OF 2018.SEANERGY MARITIME - DURING Q1, FINANCIAL PERFORMANCE NEGATIVELY IMPACTED BY SEVERE DISRUPTIONS IN IRON ORE TRADE DUE TO TRAGEDY AT VALE'S BRUMADINHO MINE.SEANERGY MARITIME - FACTORS IMPACTING MARKET WERE ADVERSE WEATHER CONDITIONS IN AUSTRALIA, Q1 SEASONALITY & TRADE TENSIONS BETWEEN U.S. & CHINA.QTRLY NET LOSS PER COMMON SHARE, BASIC $3.23.  Full Article

Globus Maritime Qtrly Basic Loss Per Share $0.15
Tuesday, 11 Jun 2019 

June 11 (Reuters) - Globus Maritime Ltd ::GLOBUS MARITIME LIMITED REPORTS FINANCIAL RESULTS FOR THE QUARTER ENDED MARCH 31, 2019.GLOBUS MARITIME LTD - IN Q1 2019, AVERAGE OPERATING EXPENSES PER VESSEL PER DAY DECREASED BY ABOUT 19% COMPARED TO Q1 2018.GLOBUS MARITIME LTD QTRLY BASIC LOSS PER SHARE $0.15.GLOBUS MARITIME LTD QTRLY TOTAL REVENUES $3.5 MILLION VERSUS $3.9 MILLION.GLOBUS MARITIME LTD - LOWER SEASONAL DEMAND, WEATHER DISRUPTIONS IN AUSTRALIA AND VALE DAM FAILURE CONTRIBUTED TO PRECARIOUS Q1.GLOBUS MARITIME LTD - IN LATTER PART OF YEAR, EXPECT RATES TO IMPROVE MAINLY DUE TO CONTINUOUS DEMAND FROM CHINA FOR DRY BULK GOODS.  Full Article

Vale Says No Technical Evidence To Believe That Possible Slippage In Gongo Soco Mine Could Trigger Rupture Of Nearby Dam- Statement
Thursday, 16 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
Wednesday, 17 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
Wednesday, 10 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
Wednesday, 10 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

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Vale misled public on dangerous dams, prompting Brazil probe - source

RIO DE JANEIRO/BRASILIA/SAO PAULO Faced with public outrage after its second mining dam collapse in four years killed at least 240 people in Brazil, Vale SA misrepresented what it had done to shut down its riskiest dams, a review of the company's statements shows.