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Vale SA
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Vale Has Secured 6.2 Billion Reais in Funding to Expand Its Caraja Mine
Apr 17, 2014Vale SA announced Tuesday that it has secured 6.2 billion reais (US$2.8 billion) in funding from Brazil’s state development bank in order to expand its Caraja mine, the world’s largest iron-ore complex. The funds will finance ...
Tags: Caraja mine, iron-ore
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The Price of Iron Ore Is Predicted to Drop This Year
Jan 16, 2014The price of iron ore is predicted to drop this year as growth of China's steel production slows and the supply of raw materials from international mining giants increases, according to industry experts. An estimate from UBS AG earlier ...
Tags: Iron Ore, Raw Materials
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Vale Liftes The Force Majeure Declared on December 27
Jan 9, 2014Vale SA announced Monday that it has lifted the force majeure declared on December 27 on a number of its iron-ore sales contracts. Heavy rains and generally unfavorable weather conditions impacted shipments in the Southeastern part of the ...
Tags: Vale, Force Majeure, Iron-ore Sales
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Vale SA Is Declaring Force Majeure on Some of Its Iron Ore Sales
Jan 3, 2014Reportedly, Vale SA is declaring force majeure on some of its iron ore sales contracts by reason of heavy rainfalls since December in southeastern Brazil, especially in the state of Espírito Santo where landslides and floods ...
Tags: iron ore
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Vale SA Declared Force Majeure for Some Iron Ore Delivery Contracts
Dec 30, 2013Vale SA announced Friday that it has declared force majeure for some iron ore delivery contracts due to heavy rains in the southwest part of the country. Flooding and landslides in the states of Minas Gerais and Espirito Santo have ...
Tags: Iron Ore Deliveries, Mineral
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Vale Informs That It Had Signed an Agreement with an Investment Fund Managed by Brookfield
Dec 27, 2013Vale S. A. (Vale) informs that it had signed an agreement with an investment fund managed by Brookfield Asset Management (Brookfield) for the sale of 26.5% of Vale's stake in VLI S.A (VLI), an integrated general cargo logistics company ...
Tags: Vale SA
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Vale Told Reporters That It Will Soon Commence Its US$3.5 Billion in Brazil
Oct 18, 2013Vale SA told reporters Tuesday that it will soon commence its US$3.5 billion Carajas Additional 40 Mtpy project in Brazil as it expands production. According to Paulo Horta, the company's North Ferrous Director, Vale expects to obtain the ...
Tags: Metallurgy, Mineral, Energy
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The Brazilian Government Plans to Auction an Investment of New Railways in April and June
Jan 25, 2013Reportedly, the Brazilian government plans to auction an investment of new railways worth BRR 91 billion in April and June. According to the top official at Brazil’s steel planning company, Vale SA, MRS Logistica and ALL America ...
Tags: Brazil, Investment, Railways
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Fourteen Capesize Vessels Were Hired on Single Cargo Charters to China
Jan 6, 2013Bloomberg reported that China, buyer of 65% of the world’s iron ore cargoes, expanded the destinations it got the commodity from this year with the first reported spot shipments from Oman, the Philippines and Sierra Leone. According ...
Tags: China, iron ore cargoes, destinations, Oman
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Iron Ore Swaps Rose Almost Threefold to a Record This Year
Jan 6, 2013Bloomberg reported that trading in iron ore swaps, used to bet or hedge on the future cost of the steelmaking commodity, rose almost threefold to a record this year as prices slumped to the lowest in nearly three years before rebounding. ...
Tags: iron ore, steelmaking commodity, future cost, SGX AsiaClear
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Labor Problems and Low Prices Have Platinum Mines Closing up Shop in South Africa
Dec 26, 2012Labor problems and low prices have platinum mines closing up shop in South Africa, and the potential for acquisitions is ripening. Senior Mining Analyst and Managing Director at Stifel Nicolaus in Toronto, George Topping believes that ...
Tags: Finance, Rare Earth, Metallurgy
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Vale SA Has Named Mr Joao Mendes Faria as Country Manager for China
Dec 25, 2012Bloomberg reported that Vale SA has named Mr Joao Mendes Faria as country manager for China Mr Mendes Faria, Vale’s director of iron-ore business development in Singapore, replaces Mr Luiz Meriz in China Mr Meriz will return to ...
Tags: Vale SA, Joao Mendes Faria, China, iron ore business
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Vale SA May Have Paid About USD 158 Million
Dec 25, 2012Bloomberg quoted Alphabulk as saying that Vale SA, the world’s biggest iron ore exporter, may have paid about USD 158 million more for shipping in the past 19 months by using the largest available carriers rather than smaller vessels. ...
Tags: Vale SA, iron ore, Alphabulk, iron market
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Vale SA Climbed to a Seven Month High as Prices for The Steelmaking Material Rebound
Dec 20, 2012Vale SA,the world's largest iron ore producer,climbed to a seven month high as prices for the steelmaking material rebound. Vale,based in Rio de Janeiro,climbed for an eighth day,gaining 1.7%to BRL 41 at the close in Sao Paulo,the highest ...
Tags: Vale SA, Iron, Prices, steelmaking material
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Vale SA Has Initiated Paying USD 674 Million to The Brazilian Government
Dec 19, 2012Vale SA has initiated paying USD 674 million to the Brazilian government for violating an agreement over mining royalties. Vale as decided to settle a10 year old dispute with Brazil's federal government, agreeing to pay 3 installments of ...
Tags: mining royalties, planned level, earnings, iron ore prices, ore exports