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Vale SA

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  • RIO DE JANEIRO, Feb 26- 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. The halving of iron ore prices has hit the world's largest producer of the steelmaking ingredient as increased output from Australia coincided with slower...

  • RIO DE JANEIRO, Feb 26- Brazilian miner Vale SA posted full-year net income of $657 million on Thursday, well below analyst forecasts, hurt by weakness in iron ore prices and in Brazil's real currency versus the dollar. Despite record production of iron ore and nickel last year, the dramatic fall in profits and cash flow is increasing pressure on Vale to sell assets...

  • RIO DE JANEIRO, Feb 19- 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 growth in production will be more than offset by falling iron ore prices, which fell by half last year as a massive increase in Australian capacity...

  • WASHINGTON, Jan 14- The International Monetary Fund plans to appoint a new deputy managing director who will for the first time focus on the day to day running of the global financial institution. Carla Grasso, who used to work at Brazil's Vale SA, the world's largest iron ore producer, will become a deputy managing director and the newly created Chief...

  • Jan 13- Former Xstrata Plc Chief Executive Mick Davis is considering a bid for Vale SA's nickel business, the Bloomberg reported. Davis's investment vehicle X2 Resources values Vale's nickel business at $5 billion to $7 billion, Bloomberg said, citing two people, who asked not to be identified because the negotiations are private. X2 has raised about $4.8...

  • Jan 13- Former Xstrata Plc Chief Executive Mick Davis is considering a bid for Vale SA's nickel business, the Bloomberg reported. Davis's investment vehicle X2 Resources values Vale's nickel business at $5 billion to $7 billion, Bloomberg said, citing two people, who asked not to be identified because the negotiations are private. There has not been any formal...

  • Cramer Remix: This stock is on a major turnaround Thursday, 11 Dec 2014 | 7:06 PM ET
    Jim Cramer on Mad Money.

    This stock could be a real Grand Slam, said "Mad Money" host Jim Cramer.

  • 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...

  • Cramer Remix: The best stocks to own now Tuesday, 2 Dec 2014 | 7:07 PM ET

    It’s this stock, and its partner in crime, that "Mad Money" host Jim Cramer believes are heading higher.

  • Cramer: Cut the line on bottom fishing! Tuesday, 2 Dec 2014 | 6:12 PM ET

    Jim Cramer has seen a hideous return for bottom fish stocks. Here are the stocks he considers to be the top fish for the year.

  • 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...