SAO PAULO, Nov 11 (Reuters) - Brazilian equity markets fell on Tuesday, driven by losses in mining firm Vale SA as concerns over low iron-ore prices continued to weigh on the company's earnings...
RIO DE JANEIRO, Nov 7 (Reuters) - Brazil's Vale SA on Friday inaugurated a $1.4 billion port in Malaysia able to receive and blend iron ore from its mega-ships, an important step in the miner's...
(New throughout, updates share price, adds executive comment)
The price of iron ore continues to fall and so do Vale 's profits. Vale ’s adjusted EBITDA dropped 27% to $3 billion as ..... reiterate our $10 per share fair value estimate. Vale indicated on its earnings call that it expects a significant
copper, and gold. Despite weakness in iron ore prices, we expect large global miners, such as BHP Billiton, Rio Tinto, and Vale will continue to add to supply. This should create some new demand for mining equipment. On the aggregates side (20% of sales
RIO DE JANEIRO, Oct 23 (Reuters) - Brazilian miner Vale produced 85.7 million tonnes of iron ore in the third quarter, the highest level in the company's history, as it ramps up output to counter falling prices.
Vale released a solid set of production figures ..... eminently achievable given the ramp-up rates of Vale ’s recently completed projects. We continue ..... contributing better operational performance. Vale 's coal output fell 1.5% from last year
long term survival and value than the absolute levels of production. With slower demand growth and BHP Billiton, Rio Tinto and Vale still expanding meaningfully, higher-cost miners will need to exit to balance supply. We could see Fortescue becoming a marginal
we think it will be increasingly difficult for any iron ore miners outside the low cost majors - BHP Billiton, Rio Tinto and Vale - to make value-adding investments. The cost of potential acquisitions has fallen, but BHP and Rio in particular have a significant
value estimates for all iron ore miners, but particularly the high-cost ones. Global leaders BHP Billiton, Rio Tinto, and Vale are better placed to withstand the downturn, and emerge with consolidated market shares. We cut our fair value estimate to