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...rather than Vale Holdings BV....
...Funding obligations fall on Samarco but, if it is unable to meet payments, then BHP and Vale are committed to step in....
...Vale announced that José Luciano Duarte Penido was stepping down from its board of directors on Monday evening....
...A Brazilian court has ordered iron ore producer Samarco, along with its owners Vale and BHP, to pay R$47.6bn ($9.7bn) in compensation for a dam collapse that triggered one of the country’s worst environmental...
...A Brazilian court has ordered iron ore producer Samarco along with its owners Vale and BHP to pay R$47.6bn ($9.7bn) in compensation for a dam collapse that triggered one of the country’s worst environmental...
...Vale said it had not been notified of the court decision, but noted that it could be appealed....
...Energy and mines minister Alexandre Silveira denied there had been intrusion at either Vale or Petrobras....
...And he also said that Vale, which remember is a private sector mining company, he said it belongs to Brazil....
...But it has low popularity and wants to invest and spend more,” said Vale....
...Vale said it gave the unit, which supplies metals that go into electric vehicle batteries and wiring, an implied enterprise value of $26bn....
...michael.pooler@ft.com...
...“The unit will have its own life now,” Vale chief executive Eduardo Bartolomeo told the Financial Times....
...Vale reached the agreement without admitting or denying the SEC claims. The settlement is subject to court approval....
...SSR Mining, a Colorado-based miner, appointed Michael Sparks as chief financial officer, replacing Alison White. Sparks currently serves as chief legal and administrative officer....
...Vale’s São Paulo-traded stock has climbed 17 per cent....
...Sergio Vale, economist at MB Associados, said he believed the new director would vote for a reduction in the Selic rate....
...Regulations in Europe and California were also driving companies to think more about insetting, said Michael Smith, a co-founder and general partner of venture capital firm Regeneration....
...Loosely based on Benjamin Myers’s novel, it presents a highly fictionalised account of the formation of the so-called Cragg Vale Coiners — a real group of rogues led by Hartley who began operating a forgery...
...Sérgio Vale, chief economist at MB Associados, said the legislation “signals a very bad start” for the new government. Read more about Brazil’s spending cap increase here....
...Sérgio Vale, chief economist at MB Associados, said the legislation “signals a very bad start” for the new government. “This is just the tip of the iceberg of various expenses that may appear ahead....
...by Vale’s securities.”...
...BHP and Vale set up the Renova Foundation in 2016 with Vale to carry out repair and compensation work....
...Overall inflation appears to have peaked, although the continued rise in food prices means poorer Brazilians have yet to feel the effects, said Vale....
...“We were in [the BBC studios in] Maida Vale yesterday, recording a bunch of songs for different radio stations, and we recorded a cover of ‘County Line’ by Cass McCombs, a song we both are very passionate...
...Michael Pooler is the FT’s Brazil correspondent. Bryan Harris is the FT’s Brazil bureau chief Follow @FTMag on Twitter to find out about our latest stories first...
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