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Vale SA (VALE.N)

VALE.N on New York Stock Exchange

11.52USD
21 Feb 2017
Change (% chg)

$0.55 (+5.01%)
Prev Close
$10.97
Open
$11.59
Day's High
$11.61
Day's Low
$11.39
Volume
7,597,767
Avg. Vol
7,014,210
52-wk High
$11.61
52-wk Low
$2.69

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Mon, Feb 20 2017

EMERGING MARKETS-Brazil stocks hit near 6-yr high on Vale shareholder proposal

(Updates prices) By Bruno Federowski SAO PAULO, Feb 20 Brazilian stocks rose to a nearly six-year high on Monday after miner Vale SA unveiled a proposal to become a company with no defined controlling shareholders. Shares of Vale, the world's largest iron ore producer, gained nearly 7 percent, driving gains in Brazil's benchmark Bovespa stock index, which rose 1.16 percent. Shares in Bradespar, a key shareholder in holding company Valepar SA, posted their biggest int

EMERGING MARKETS-Brazil stocks rise on new Vale shareholder accord

By Bruno Federowski SAO PAULO, Feb 20 Brazilian stocks rose on Monday after miner Vale SA unveiled a proposal to become a company with no defined controlling shareholders. Shares of Vale added the most points to Brazil's benchmark Bovespa stock index, which rose 0.9 percent. Shares in Bradespar, a key shareholder in holding company Valepar SA, posted their biggest intraday jump ever, adding as much as 20 percent. Analysts said the accord increases the value of Bra

Vale needs 54 pct shareholder approval for share conversion

SAO PAULO, Feb 20 At least 54 percent of holders of Vale SA's preferred shares must approve a proposal by the company's controlling bloc to transform their stock into common shares, executives at the world's largest iron ore producer said on Monday.

Vale readies for diluted ownership as partners renew accord

SAO PAULO, Feb 20 Brazilian miner Vale SA will become a company with dispersed share ownership, it said on Monday, in a move aimed at enhancing transparency and equal rights for all shareholders in the world's largest iron ore producer.

Top Vale shareholders plan to end holding company -report

RIO DE JANEIRO, Feb 19 The largest shareholders of Vale SA have decided to dissolve an investment holding company through which they controlled the world's biggest iron ore producer for 20 years, newspaper O Globo reported on Sunday.

UPDATE 1-Brazil's Vale produced record 349 mln tonnes of iron ore in 2016

BRASILIA, Feb 16 Brazilian miner Vale SA said on Thursday it produced a record 349 million tonnes of iron ore in 2016, above its own guidance, helped by strong performance at mines in northern Brazil and the successful start of its new S11D mine.

Brazil's Vale produced record 349 mln tonnes of iron ore in 2016

BRASILIA, Feb 16 Brazilian miner Vale SA said on Thursday it produced a record 349 million tonnes of iron ore in 2016, above its own guidance, helped by the successful ramping up of its new S11D mine in the Amazon.

Exclusive: Vale resumes search for Cubatão fertilizer assets buyer - sources

SAO PAULO After Norway's Yara pulled out as a potential bidder, Vale SA has resumed searching for a buyer for four fertilizer plants that were not included in a $2.5 billion sale to Mosaic Co, according to three people with direct knowledge of the matter.

UPDATE 1-Key Vale partners want to keep CEO to stem political pressure -Valor

SAO PAULO, Feb 13 Vale SA's top non-government shareholders want Chief Executive Officer Murilo Ferreira in the job for another two years to stem pressure from Brazilian politicians to appoint an ally at the helm of the world's No. 1 iron ore producer, newspaper Valor Econômico said on Monday.

Brazil's Vale plans to reopen 2026 issue, redeem 2018 bonds

SAO PAULO, Feb 6 Vale SA plans to reopen a 2026 bond issue and use the proceeds to redeem bonds maturing in March 2018, the Brazilian miner said in a Monday securities filing.

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