Vale SA
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Take a look at some of Thursday's midday movers:
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RIO DE JANEIRO, June 18- Brazil, a major producer of iron ore, gold, copper and other metals, unveiled a long-awaited bill to reform its 46- year-old mining code on Tuesday, proposing a doubling of the current top royalty rate and stricter rules for opening new mines.
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RIO DE JANEIRO, June 18- Brazil, the world's second-largest producer of iron ore, unveiled a long-awaited bill to reform the country's 46- year-old mining code on Tuesday, proposing royalties of up to 4 percent, double the current rate. Murilo Ferreira, chief executive of Vale SA, the world's largest iron ore exporter, said the bill would hit miners hard.
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RIO DE JANEIRO, June 18- Brazil, the world's second-largest producer of iron ore, unveiled a long-awaited bill to reform the country's 46- year-old mining code on Tuesday, proposing royalties of up to 4 percent, double the current rate. Murilo Ferreira, chief executive of Vale SA, the world's largest iron ore exporter, said the bill would hit miners hard.
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RIO DE JANEIRO, June 18- Brazil, the world's second-largest producer of iron ore, unveiled a long-awaited bill to reform the country's 46- year-old mining code on Tuesday, proposing new royalties of up to 4 percent, double the current rate. President Dilma Rousseff said royalties would be calculated on gross income, rather than net earnings.
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BUENOS AIRES, June 13- More than a decade after Argentina's epic financial collapse of 2001-02, many investors are rushing for the door once again.
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BUENOS AIRES, June 13- More than a decade after Argentina's epic financial collapse of 2001-02, many investors are rushing for the door once again.
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BUENOS AIRES, June 5- Argentina's center-left government on Wednesday rescinded concessions to run two freight rail lines that had been awarded to Brazilian rail operator America Latina Logistica, arguing the company did not carry out promised investments.
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BUENOS AIRES, June 5- Argentina's center-left government will rescind two freight train concessions awarded to Brazilian rail operator America Latina Logistica on the grounds the company did not carry out promised investments. Last month, Argentina's government took control of the Belgrano Cargas freight line.
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"We take a long-term view that demand for potash will resume," EuroChem CFO Andrey Ilyin said on the sidelines of the BMO Farm to Market conference in New York, after giving a presentation. "
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*Company looks to buy shares restricted since Cargill split. May 13- U.S. fertilizer producer Mosaic Co plans to have accumulated a $2 billion cash pile by the end of May to buy back shares locked up since its split from agribusiness giant Cargill Inc..
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*Expects $2 bln surplus cash, $3 bln debt capacity as of May 31. May 13- Mosaic Co, the second-largest fertilizer producer in North America, will delay plans to expand potash production in Western Canada due to unfavorable market conditions, a company executive said. Vale SA said in March that it planned to pull out of a $6 billion potash project in Argentina.
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HONG KONG, May 8- Hong Kong shares may start steady on Wednesday as investors brace for China trade data at 0200 GMT for the latest gauge of the health of the region's biggest economy after a recent series of soft data raised concerns about the growth outlook.
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HONG KONG, May 7- Hong Kong shares may start higher on Tuesday, tracking Wall Street's strength on solid earnings and a brighter economic outlook. Elsewhere in Asia, Japan's Nikkei was up 2.7 percent, while South Korea's KOSPI was down 0.2 percent as of 0045 GMT.
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*Billionaire Clive Palmer earmarks $1 bln to upgrade nickel refinery. *Xstrata, Vale, others soldier on with big projects.
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HONG KONG, April 30- Hong Kong shares are headed for a first monthly gain in three with a higher start expected Tuesday, buoyed by rises on Wall Street and hope for European Central Bank easing after a new government was formed in Italy.
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RIO DE JANEIRO, April 24- Brazil's Vale SA, the world's second-largest mining company, reported an 18 percent slide in first-quarter net profit as bigger-than-expected cuts in operating costs failed to offset lower sales and a hit from taxes and foreign exchange.
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HONG KONG, April 25- Hong Kong shares could start steady on Thursday ahead of a slew of first quarter earnings from bellwether Chinese companies ranging from Chinese oil majors PetroChina and Sinopec Corp to Bank of China.
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RIO DE JANEIRO, April 24- Brazil's Vale SA, the world's second-largest mining company, said on Wednesday that first quarter net profit fell 18 percent from a year earlier, beating expectations.
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SYDNEY, April 18- BHP Billiton's new chief executive will take a pay cut as miners struggle with tougher market conditions, and has stripped out a layer of top executives who were overlooked for the top job and brought operations heads into his management team.
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HONG KONG, April 18- Hong Kong shares could start weaker on Thursday on their way to a fifth daily loss, tracking Wall Street declines ahead of China's home price data due shortly after the market open. Elsewhere in Asia, Japan's Nikkei was down 0.9 percent, while South Korea's KOSPI was down 0.5 percent at 0105 GMT.
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