Hints and tips:
Related Special Reports
Related Topics
...The Dutch case is being brought by law firms Pogust Goodhead and Lemstra Van der Korst against Vale SA and Samarco Iron Ore Europe, a marketing arm of the Samarco joint venture between Vale and BHP that...
...Funding obligations fall on Samarco but, if it is unable to meet payments, then BHP and Vale are committed to step in....
...Vale and Goldman Sachs declined to comment....
...Vale announced that José Luciano Duarte Penido was stepping down from its board of directors on Monday evening....
...Vale said it had not been notified of the court decision, but noted that it could be appealed....
...“The unit will have its own life now,” Vale chief executive Eduardo Bartolomeo told the Financial Times....
...Vale’s chief executive Eduardo Bartolomeo said on an earnings call in April that Cutifani would help the business explore a “liquidity event”....
...Vale’s São Paulo-traded stock has climbed 17 per cent....
...General Motors has forecast that its electric vehicle portfolio will be profitable in 2025, underscoring its investment in the nascent business by announcing a deal with the Brazilian mining company Vale...
...Tesla has agreed a long-term deal to buy nickel from global miner Vale as the carmaker looks to secure the raw materials needed for its batteries....
...by Vale’s securities.”...
...The lawyers accused Vale of being “prepared to take the risk” of developing blocks 1 and 2 of Simandou because they did not want it falling into the hands of companies from China, Vale’s biggest market....
...“It’s never going to matter,” said one Vale investor. Analysts are more sympathetic....
...Just under half of Samarco’s debts are owed to Vale and BHP, which will be subject to the same discount and repayment terms....
...Following Brumadinho, Vale was forced to curtail production....
...“All the roads lead to high-quality iron ore and Vale is very well positioned for that,” he added....
...In a statement, Vale said it had no knowledge of the inquiry and added that any attempts by Steinmetz to “try to evade his responsibility to indemnify Vale will certainly have the same outcome of the convictions...
...sA diplomatic row over the origins of Covid-19 has resulted in Beijing slapping a ban on Australia coal imports that in turn has contributed to huge spike in domestic prices....
...The disaster killed 270 people, mainly Vale employees and contractors....
...The accident left BHP and Vale, two of the world’s largest miners, facing legal action....
...Vale’s cost of production is just over $13 a tonne....
...Adam Matthews, director of ethics and engagement at the Church of England Pensions Board, which divested its Vale shares after the disaster last year, says: “I do see change at Vale, so it would be wrong...
...BSGR sold 51 per cent of the concession to Vale for $2.5bn — $500m upfront with the rest to follow if certain targets were met. Vale also invested $750m in Simandou....
...Before last year’s Brumadinho dam disaster in Brazil, Vale produced 385m tonnes....
...At its annual investor day, Brazilian miner Vale forecast production of 315m to 335m tonnes next year, below the market consensus estimate of 353m tonnes....
International Edition