Vale SA (VALE.N)
21 Feb 2017
Mon, Feb 20 2017
(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
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
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.
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.
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.
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.
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.
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.
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.
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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