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Vale SA

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  • 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...

  • 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.

  • Vale CEO: Iron ore prices will rise by year-end     Thursday, 18 Sep 2014 | 12:44 AM ET

    Murilo Ferreira, CEO of Vale, tells CNBC's Sri Jegarajah why he isn't worried about the recent slump in iron ore prices. He also explains why he remains upbeat on China.

  • US STOCKS-Wall St edges higher at midday; Apple rebounds Wednesday, 10 Sep 2014 | 12:33 PM ET

    NEW YORK, Sept 10- U.S. stocks edged higher at midday on Wednesday as a rebound in Apple's stock offset declines in energy shares. It continues to be an underweight name for most institutional investors, "said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. Exxon Mobil fell 1 percent.

  • US STOCKS-Wall St dips, but trend upward considered intact Wednesday, 10 Sep 2014 | 10:18 AM ET

    NEW YORK, Sept 10- U.S. stocks dipped on Wednesday, putting the S&P 500 on track to retreat for a sixth session out of the past seven, although the longer-term strength of the equity market was still considered intact.

  • Midday movers: AIG, Amgen, Lear & more Thursday, 28 Aug 2014 | 2:07 PM ET
    Traders work on the floor of the New York Stock Exchange in New York.

    Some of Thursday's midday movers:

  • Ebola a long term 'blip' for Africa investors Wednesday, 27 Aug 2014 | 12:45 PM ET
    A nurse wears a special uniform to be protected from the Ebola virus at a state hospital in Kenema, Sierra Leone, in August 2014.

    American investors aren't panicked about the re-emergence of Ebola in Africa, at least in the long term.

  • The outbreak began in the forests of eastern Guinea in February. Its epicenter has spread to Sierra Leone and Liberia, while cases have also been recorded in Nigeria. Below is a compilation of recent statements by companies with operations in Sierra Leone, Liberia, Guinea or neighboring countries.

  • BRASILIA, Aug 1- Japan's Prime Minister Shinzo Abe touted the success of his economic policies on a visit to Brazil on Friday and said it was time for the two nations to expand their trade and investment partnership.

  • BRASILIA, Aug 1- Japan's Prime Minister Shinzo Abe touted the success of his economic policies on a visit to Brazil on Friday and said it was time for the two nations to expand their trade and investment partnership.

  • July 25- A former adviser to mining giant BSG Resources was sentenced in New York federal court on Friday to two years in prison for obstructing a criminal probe in connection with a bribery investigation in Guinea.

  • RIO DE JANEIRO, July 24- Brazil's Vale SA produced record amounts of iron ore in its latest second quarter, rising to the task of battling Australian rivals for market share, but weaker performance at other divisions fanned some concern ahead of results next week.

  • China deepens Brazil ties, plans to build railways Thursday, 17 Jul 2014 | 7:45 PM ET
    Brazilian President Dilma Rousseff and Chinese President Xi Jinping.

    In a raft of energy, finance and industry accords signed, China and Brazil will team up to build railways.