RIO DE JANEIRO/NEW YORK, March 25 (Reuters) - Brazil's Vale SA may find it easier to dispose of giant ships and part of its stake in a rail logistics business before selling mining assets, as the...
will be a large player in the global mining landscape, South32 is a minnow relative to global majors like BHP, Rio Tinto, and Vale . The quality of South32 assets is by-and-large below those being retained by BHP. While South32 hasn't been through our
RIO DE JANEIRO, March 13 (Reuters) - Brazilian iron ore miner Vale SA transferred its stake in a joint venture in Guinea to BSG Resources on Friday, the company said in a statement.
We are changing our uncertainty rating for Vale to very high from high because of its concentrated exposure to iron ore prices. Iron ore accounted for 82% of Vale 's EBITDA in 2014 and the majority of the company's capital spending for the
MEXICO CITY, Feb 26 (Reuters) - Mexico's IPC index rose on Thursday as Mexican bottling and retail firm Femsa reported soaring profit, while a weak showing from Brazil's miner Vale sent the Bovespa...
cushion the blow of falling prices for Vale , as full-year EBITDA dropped by $9 ..... remained the dominant profit driver at Vale (about 80% of the total), highlighting ..... segment profit growth in 2017 and 2018. Vale ’s base metals segment (about 20% of
RIO DE JANEIRO, Feb 26 (Reuters) - Shares in Brazil's Vale SA plunged 5 percent on Thursday as the miner posted full-year net income well below analyst forecasts due to a weaker iron ore price and Brazilian currency.
Vale announced record iron ore output of 319 ..... lowest levels in years. Supply increases from Vale and other large miners will continue for the ..... of a sustainable iron ore price recovery. Vale 's enviable cost profile and rising production
RIO DE JANEIRO, Feb 19 (Reuters) - Brazilian miner Vale SA said on Thursday it produced 319.2 million tonnes of iron ore in 2014, beating its forecast for the year, as it begins to boost production after years of stagnation.
the industry-wide cost cuts will largely accrue to consumers of iron ore in the form of lower prices. To a large extent, the higher-cost junior miners are at the mercy of the low-cost expansions from BHP Billiton, Rio Tinto and Vale .