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Vale SA (VALE3.SA)

VALE3.SA on Sao Paulo Stock Exchange

55.16BRL
14 Nov 2018
Change (% chg)

R$ -1.11 (-1.97%)
Prev Close
R$ 56.27
Open
R$ 55.21
Day's High
R$ 55.67
Day's Low
R$ 54.25
Volume
28,360,900
Avg. Vol
17,088,283
52-wk High
R$ 62.42
52-wk Low
R$ 31.94

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-BHP Brazil joint venture Samarco names mining executive as new CFO

RIO DE JANEIRO Brazil's Samarco Mineracao SA, a joint venture between BHP Billiton and Vale SA , on Wednesday named former Usiminas mining executive Cristina Cavalcanti as its new chief financial officer.