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Vale SA (VALE3.SA)

VALE3.SA on Sao Paulo Stock Exchange

32.92BRL
17 Nov 2017
Change (% chg)

R$ 0.32 (+0.98%)
Prev Close
R$ 32.60
Open
R$ 32.59
Day's High
R$ 33.17
Day's Low
R$ 32.32
Volume
13,771,300
Avg. Vol
16,867,767
52-wk High
R$ 37.28
52-wk Low
R$ 23.72

Latest Key Developments (Source: Significant Developments)

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

Mosaic CEO says unwilling to sell potash business at current valuation
Tuesday, 1 Aug 2017 11:19am EDT 

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 06:45am EDT 

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

Clean Teq acquires autoclaves for Syerston project
Monday, 24 Jul 2017 06:41pm EDT 

July 25 (Reuters) - Clean Teq Holdings Ltd ::Autoclaves acquired for Syerston project.Acquired two autoclaves for Clean Teq's 100% owned Syerston nickel/cobalt/scandium project in NSW, Australia.Autoclaves were acquired from Vale International S.A., a subsidiary of Vale SA, for US$6.5 million.  Full Article

BHP updates on legal settlelement over the Samarco mine disaster in Brazil
Friday, 30 Jun 2017 02:20am EDT 

June 30 (Reuters) - BHP Billiton Ltd :Approved a total of US$250 million in financial support for renova foundation and Samarco Mineração S.A. Until 31 Dec 2017.The amount of US$174 million will be used to fund renova foundation for remediation and compensation programs identified under framework agreement.Operations at Samarco are unlikely to restart in cy2017.This $174 million amount will be offset against group's provision for samarco dam failure.Short-term facility of up to US$76 million will be made available to samarco to carry out remediation, stablisation work & to support Samarco's operations.Resuming operations at Samarco would require government approvals, granting of licenses by state authorities and restructure of Samarco's debt.‍On 18 Jan, Samarco, Vale S.A. (Vale) and BHP Billiton Brasil entered preliminary agreement with federal prosecutors' office in Brazil​.Court has extended final date for negotiation of a settlement until 30 October 2017.‍Under prelim agreement, parties agreed to suspend federal prosecutor's brl 7.7 billion injunction application in BRL 155 billion civil claim​.‍Parties agreed to request 12th federal court of Belo Horizonte replace BRL 1.2 billion injunction in BRL 20 billion civil claim with interim security of BRL 2.2 billion​.‍Parties also agreed under preliminary agreement to suspend BRL 20 billion asset freezing order application made by federal prosecutors​.  Full Article

Samarco requests extension for dam disaster guarantee
Monday, 9 Jan 2017 08:08pm EST 

Vale Sa :Vale sa - informs that Samarco, its shareholders in talks, submitted joint petition requesting extension to present guarantee on jan. 19 - SEC filing.  Full Article

Samarco requests extension for dam disaster guarantee
Monday, 9 Jan 2017 04:18pm EST 

Vale Sa :Vale sa - informs that Samarco, its shareholders in talks, submitted joint petition requesting extension to present guarantee on jan. 19 - SEC filing.  Full Article

Yara buys Vale fertilizer complex in Brazil for $255 million

SAO PAULO Norway's Yara International ASA , a global producer and distributor of fertilizers, has reached an agreement to buy Vale SA's fertilizer complex in Cubatão, Brazil, for $255 million in cash, the company said on Friday.