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Vale SA (VALE3.SA)

VALE3.SA on Sao Paulo Stock Exchange

52.72BRL
19 Jul 2019
Change (% chg)

R$ 0.13 (+0.25%)
Prev Close
R$ 52.59
Open
R$ 52.81
Day's High
R$ 53.23
Day's Low
R$ 52.55
Volume
11,523,100
Avg. Vol
19,434,398
52-wk High
R$ 62.42
52-wk Low
R$ 40.51

Latest Key Developments (Source: Significant Developments)

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

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

UPDATE 2-Brazil to extend probe into Vale dam disaster into early 2020 -official

BRASILIA, July 19 Brazil's mining secretary said on Friday he expects the sector's main regulator to extend its investigation until January 2020 into the causes of the Vale SA mining dam collapse that killed at least 240 people.