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Vale SA (VALE3.SA)

VALE3.SA on Sao Paulo Stock Exchange

47.50BRL
23 Apr 2018
Change (% chg)

R$ -0.13 (-0.27%)
Prev Close
R$ 47.63
Open
R$ 47.22
Day's High
R$ 47.98
Day's Low
R$ 47.06
Volume
11,767,600
Avg. Vol
17,416,282
52-wk High
R$ 48.17
52-wk Low
R$ 25.00

Latest Key Developments (Source: Significant Developments)

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

BHP Billiton updates on settlement agreements regarding Samarco dam failure
Monday, 30 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

Mota Engil wins two contracts in Africa for $520 mln
Wednesday, 27 Sep 2017 

Sept 27 (Reuters) - MOTA ENGIL SGPS SA ::SAID ON TUESDAY SIGNS TWO CONTRACTS IN AFRICA WORTH $520 MILLION.WON CONTRACT IN MOZAMBIQUE FOR BRAZILIAN MINING COMPANY VALE AMOUNTING TO $445 MILLION.SIGNED CONTRACT IN ANGOLA FOR LUANDA LOCAL GOVERNMENT WORTH $76 MILLION.  Full Article

African Rainbow Minerals announces disposal of indirect interest in Lubambe copper mine
Tuesday, 15 Aug 2017 

Aug 15 (Reuters) - AFRICAN RAINBOW MINERALS LTD ::‍DISPOSAL OF ARM'S INDIRECT INTEREST IN LUBAMBE COPPER MINE​.‍ARM AND VALE CONCLUDED AGREEMENT TO SELL 80% INDIRECT INTEREST IN ZAMBIA'S LUBAMBE MINE TO EMR CAPITAL BIDCO.‍PURCHASE CONSIDERATION FOR DISPOSAL IS US$97.10 MILLION AND WILL BE SETTLED IN CASH​.  Full Article

Mosaic CEO says unwilling to sell potash business at current valuation
Tuesday, 1 Aug 2017 

Aug 1 (Reuters) - Mosaic Co CEO Joc O'Rourke said on Tuesday::Mosaic's acquisition of Vale fertilizer assets received approval from Brazil regulator CADE.Mosaic CEO sees no place for new potash mines next 5-10 years beyond K+S, Eurochem mines.Mosaic unwilling to sell potash business at current valuation; would be open to selling at 'right price'-CEO.  Full Article

Mosaic Q2 sales $1.8 billion versus $1.7 billion
Tuesday, 1 Aug 2017 

Aug 1 (Reuters) - Mosaic Co :The Mosaic Company reports second quarter 2017 results.Q2 earnings per share $0.28.Q2 sales $1.8 billion versus $1.7 billion.Q2 earnings per share view $0.23 -- Thomson Reuters I/B/E/S.Mosaic Co - net sales in Phosphates segment were $975 million for Q2, essentially flat with $976 million last year.Mosaic Co - ‍total sales volumes for Phosphates segment are expected to range from 2.2 to 2.5 million tonnes for Q3 of 2017​.Mosaic Co - Q2 average dap selling price, fob plant, was $336 per tonne, compared to $343 per tonne a year ago.Mosaic Co - ‍total sales volumes for Potash segment are expected to range from 1.9 to 2.2 million tonnes for Q3 of 2017​.Mosaic Co - "chinese exports in first half of 2017 have been higher than we originally estimated".Mosaic Co - Phosphates segment total sales volumes were 2.6 million tonnes, up from 2.4 million tonnes last year.Mosaic Co - "mosaic generated improving results during q2 as global demand for potash and phosphates remained strong".Mosaic Co - net sales in Potash segment totaled $468 million for Q2, up from $457 million last year.Mosaic Co - ‍realized dap price, fob plant, is estimated to range from $310 to $330 per tonne for Q3 of 2017​.Mosaic Co - "we continue to expect china to export fewer tonnes of phosphates this year compared to last year".Mosaic Co - ‍realized mop price, fob plant, is estimated to range from $165 to $180 per tonne for Q3​.  Full Article

EMERGING MARKETS-LatAm currencies weaken on rising U.S. bond yields, oil decline

By Bruno Federowski SAO PAULO, April 23 Latin American currencies weakened sharply on Monday as expectations of accelerating U.S. inflation pushed U.S. bond yields higher, reducing the allure of emerging market assets. Yields on 10-year U.S. debt hit their highest in over four years as huge tax cuts and a two-year budget agreement drove the Treasury to ramp up borrowing. Rising inflation expectations due to fiscal stimulus and a recovering U.S. economy have also fuele