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Vale SA (VALE3.SA)

VALE3.SA on Sao Paulo Stock Exchange

50.80BRL
17 Aug 2018
Change (% chg)

R$ 1.08 (+2.17%)
Prev Close
R$ 49.72
Open
R$ 49.53
Day's High
R$ 51.19
Day's Low
R$ 49.23
Volume
17,319,100
Avg. Vol
17,154,423
52-wk High
R$ 56.75
52-wk Low
R$ 30.73

Latest Key Developments (Source: Significant Developments)

BHP Pays Out $211 Mln To Support Dam Accident Rehabilitation Fund
Thursday, 28 Jun 2018 06:25pm EDT 

June 29 (Reuters) - Bhp Billiton Ltd ::SAMARCO UPDATE.AGREED TO FUND US$211 MILLION IN FINANCIAL SUPPORT FOR RENOVA FOUNDATION AND SAMARCO MINERAÇÃO S.A. UNTIL 31 DECEMBER 2018.AMOUNT OF US$158 MILLION WILL BE OFFSET AGAINST GROUP'S PROVISION FOR SAMARCO DAM FAILURE.A SHORT-TERM FACILITY OF UP TO US$53 MILLION WILL BE MADE AVAILABLE.  Full Article

Wheaton Precious Metals Acquires Cobalt Stream From Vale's Voisey's Bay Mine
Monday, 11 Jun 2018 04:05pm EDT 

June 11 (Reuters) - Wheaton Precious Metals Corp ::WHEATON PRECIOUS METALS ACQUIRES COBALT STREAM FROM VALE'S VOISEY'S BAY MINE.WHEATON PRECIOUS METALS CORP - WILL PAY VALE UPFRONT CASH CONSIDERATION OF US$390 MILLION UPON CLOSING OF COBALT STREAM.WHEATON PRECIOUS METALS - TO BUY FROM UNIT OF VALE AMOUNT OF FINISHED COBALT EQUAL TO FIXED PERCENTAGE OF COBALT PRODUCTION FROM VOISEY'S BAY MINE.WHEATON PRECIOUS METALS - TO MAKE ONGOING PAYMENTS OF 18% OF METAL BULLETIN MARKET PRICE PER COBALT POUND DELIVERED.WHEATON PRECIOUS METALS - VALE ENTERED INTO A SEPARATE STREAMING AGREEMENT WITH COBALT 27 CAPITAL CORP.WHEATON PRECIOUS METALS - CO, COBALT 27 TO PROVIDE VALE $690 MILLION IN FUNDING FOR COBALT EQUAL TO 75% OF VOISEY'S BAY COBALT PRODUCTION EFFECTIVE JAN 1, 2021.WHEATON PRECIOUS METALS - INITIAL UPFRONT CASH PAYMENT MILLION WILL BE PAID BY USING AMOUNTS DRAWN FROM $2 BILLION REVOLVING CREDIT FACILITY.  Full Article

Avanco Acquires Pantera Project From Vale
Monday, 15 Jan 2018 05:48pm EST 

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 06:00am EST 

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 04:38pm EST 

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 04:15pm EST 

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 06:55am EDT 

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 06:44pm EDT 

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 01:25am EDT 

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 10:44am EDT 

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

Vale shareholder Litel issues $639 mln in commercial paper

SAO PAULO, Aug 17 Holding company Litel Participações SA, which holds the stakes Brazilian pension funds have in miner Vale SA, has issued 2.5 billion reais ($639 million) in commercial paper, the company said in a securities filing on Friday.