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Vale SA

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  • LONDON, Dec 4- Japanese trading house Mitsui& Co is set to buy a stake in Vale's Moatize coal project in Mozambique, according to two sources close to the situation. Under terms of the sale, Mitsui will buy 15 percent of the mine for about $450 million from the Brazilian miner, one of the sources said. Vale SA, which has been hit by a dramatic fall in the price of its key...

  • SAO PAULO, Dec 4- Banco Santander Brasil SA, a unit of Spain's Banco Santander SA, is in talks with large Brazilian companies for the first green bond offering in Latin America's largest economy, where several infrastructure projects qualify as such issues. "There is a lot of potential for this type of bond in Brazil, due to the number of infrastructure projects...

  • SYDNEY, Dec 3- London copper was steady on Wednesday, holding above 4-1/ 2 year lows touched earlier this week as oil prices revived, but a stronger dollar and expectations of swelling supply kept gains in check. Copper prices sank to 4-1/ 2 year lows on Monday at $6,230.75 a tonne. *The most-traded February copper contract on the Shanghai Futures Exchange climbed 0.5...

  • NEW YORK, Dec 2- Brazil's Vale SA said on Thursday it is considering the sale of a minority stake in its base metals unit in an initial public offering, as it looks to raise funds for key projects in the midst of sliding commodity prices. Chief Executive Murilo Ferreira told investors in New York that Vale is considering selling 30 percent to 40 percent of the...

  • NEW YORK, Dec 2- Brazil's Vale SA is considering the sale of a minority stake in its base metals division through an initial public offering as it looks to raise cash for core projects amid lower commodity prices, its CEO said on Tuesday. Vale Chief Executive Murilo Ferreira told investors in New York that the IPO would only take place if market conditions were "...

  • Dec 2- Brazil's Vale SA is considering listing part of its global base metals business in Toronto and London, according to multiple sources with knowledge of the plan, as the miner looks to fund capital projects amid a collapse in iron ore prices. Vale could outline the broad details of the plan for Toronto and London as early as Tuesday at an investor day event in...

  • VANCOUVER/ TORONTO, Dec 1- Brazil's Vale SA is considering listing part of its global base metals business, two sources with knowledge of the matter said on Monday, as the miner looks to fund capital projects amid a collapse in iron ore prices. Vale could outline the plan to list a new entity in Toronto and London as early as Tuesday at an investor day event being held...

  • Lightning Round: Do not own this Monday, 24 Nov 2014 | 6:54 PM ET

    Are you ready skeedaddy???!!! It's time for the Lightning Round. Cramer makes the call on viewer favorites.

  • Iron ore to suffer another double-digit dive in 2015 Monday, 10 Nov 2014 | 11:00 PM ET

    Iron ore prices have dived this year and there's no respite ahead for the metal, according to Citi, which forecasts double-digit declines in 2015.

  • TORONTO, Nov 10- Global mining companies stung by slumping commodity prices are looking forward to a modest consolation prize- weaker local currencies and falling oil prices that will help trim their costs. "It's definitely a silver lining," said Chris Mancini, analyst at Gabelli Gold Fund. Agnico Eagle Mines Ltd, which produces two-thirds of its gold in Canada,...

  • UPDATE 3-Vale posts surprise loss, shares dive Thursday, 30 Oct 2014 | 12:41 PM ET

    RIO DE JANEIRO, Oct 30- Vale posted a surprise $1.44 billion loss, and its shares tumbled to a 5-1/ 2- year low as investors worried about the cost of the Brazilian miner's expansion plans and a possible cut to its dividend in a new era of lower iron ore prices. Vale SA cited low iron ore prices and a weak local currency for the third-quarter loss. Vale is attempting to...

  • Deals of the day- Mergers and acquisitions Monday, 20 Oct 2014 | 4:06 PM ET

    **Platform Specialty Products Corp said it would buy Arysta LifeScience Ltd for about $3.51 billion, Platform's third acquisition this year as the company looks to strengthen its agrichemicals business. **The top two lawmakers on the Senate's antitrust panel have urged regulators to scrutinize food distributor Sysco Corp's planned purchase of rival U.S....

  • SYDNEY, Oct 20- London copper inched down on Monday after climbing in the last session from its lowest in around six months, hit by worries over the end of U.S. stimulus. *The Thomson Reuters/ University of Michigan index of consumer sentiment was surprisingly strong in early October, rising to more than a seven-year high. *In nickel markets, Brazil's Vale SA sees a...

  • Rio Tinto lifts iron ore output as prices see-saw Wednesday, 15 Oct 2014 | 12:44 AM ET

    Rio Tinto said a strong third quarter and productivity gains led to a 12 percent rise in iron ore production as price volatility persists.

  • Earnings season begins: Bright spots and worries Monday, 6 Oct 2014 | 10:30 AM ET
    A woman holding an umbrella walks past a KFC restaurant, operated by Yum! Brands Inc.

    Traders are also watching Brazil after its election surprise.

  • BHP to slash costs to become cheapest supplier Sunday, 5 Oct 2014 | 7:46 PM ET

    BHP Billiton aims to cut its iron ore production costs by more than 25 percent and squeeze more tons from its mines as it aims to overtake Rio Tinto.

  • China steel demand shrinks for first time in 14 years Thursday, 25 Sep 2014 | 7:51 PM ET
    A worker stands on reinforcing steel at a construction site in Beijing, China.

    China's steel consumption fell for the first time, leading to a surplus of iron ore and a 40 percent plunge in prices of the steelmaking raw material.

  • Axiom wins long battle to develop Solomons nickel Wednesday, 24 Sep 2014 | 4:50 AM ET

    *Axiom says wins Solomon Islands nickel mine court battle. SYDNEY, Sept 24- Tiny Australian prospector Axiom Mining has won a three-year court battle against Japanese giant Sumitomo Metal Mining to exploit a giant nickel discovery in the South Pacific' s Solomon Islands left idle for more than half a century.

  • Gaurav Sodhi, Resources Analyst at Intelligent Investor, discusses why major producers like Vale are cranking up iron ore output despite the recent slump in prices.

  • Vale CEO: How we're staying competitive Thursday, 18 Sep 2014 | 3:14 AM ET
    Vale's Brucutu mine in Barao dos Cocais, Minas Gerais.

    A new deal with Chinese shipping firm Cosco will help Vale capture a larger share of the Chinese iron ore market, CEO Murilo Ferreira told CNBC.