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Vale SA (VALE3.SA)

VALE3.SA on Sao Paulo Stock Exchange

57.67BRL
15 Oct 2018
Change (% chg)

R$ 1.19 (+2.11%)
Prev Close
R$ 56.48
Open
R$ 56.95
Day's High
R$ 58.45
Day's Low
R$ 56.84
Volume
16,246,500
Avg. Vol
16,320,909
52-wk High
R$ 62.42
52-wk Low
R$ 31.71

Latest Key Developments (Source: Significant Developments)

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

Avanco Acquires Pantera Project From Vale
Monday, 15 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
Thursday, 21 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
Wednesday, 6 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

CORRECTED-EMERGING MARKETS-Brazil and Mexico FX firm on dollar dip, stocks gain

(Corrects headline and paragraphs 1 and 2 to show Wall St stocks fell, not rose) By Susan Mathew Oct 15 Brazil and Mexican currencies firmed against a weaker dollar on Monday, and their stock markets rose, bucking a decline in other emerging market counterparts. U.S. stocks ended lower in a choppy trading session, dragged down by technology stocks amid lingering worries over interest rates and corporate earnings, while the dollar dropped on U.S. retail sales for Septembe