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Vale SA (VALE3.SA)

VALE3.SA on Sao Paulo Stock Exchange

53.00BRL
4:19pm EDT
Change (% chg)

R$ -1.77 (-3.23%)
Prev Close
R$ 54.77
Open
R$ 55.01
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R$ 55.10
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R$ 53.00
Volume
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17,464,128
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R$ 56.00
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Latest Key Developments (Source: Significant Developments)

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

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

Deals of the day-Mergers and acquisitions

May 9 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Wednesday: