Tag Archives: ore

Vale will build a $1 billion railroad in Malawi

posted on February 19, 2012 at 10:54 am by Marta Dhanis

Malawi’s government signed a $1 billion deal with Vale (VALE, quote) for construction and restoration of a railroad that will transport 18 million tons of coal from Mozambique, officials said.

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Vale’s 2011 mining profits set a Brazilian record

posted on February 16, 2012 at 4:29 pm by Marta Dhanis

The mining giant Vale (VALE, quote) reached a profit of BRL 37.914 billion ($22.09 billion) in 2011, the highest amount ever reported by a publicly traded company in Brazil.

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Brazilian brokers see a mining rally ahead (VALE)

posted on February 1, 2012 at 7:32 am by Marta Dhanis

Reduced supply of iron ore caused by bad weather in Brazil and now, again, in Australia can lead to rebound in prices, analysts at Itaú BBA say in a new research.

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Vale can still turn around $5.6 billion fine (VALE)

posted on January 30, 2012 at 7:07 pm by Marta Dhanis

Vale (VALE, quote) last week and won an injunction that reversed the unfavorable orders on tax on profits abroad.

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Vale charged $5.6 billion to settle tax dispute (VALE)

posted on January 27, 2012 at 8:48 am by Marta Dhanis

Vale (VALE, quote) has received an unfavorable decision and now faces a back tax bill amounting to BRL 9.8 billion ($5.6 billion), plus interest and penalties.

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Vale suspends force majeure on iron ore contracts (MMXMY, SID, VALE)

posted on January 23, 2012 at 7:23 pm by Marta Dhanis

Vale (VALE, quote) suspended the declaration of “force majeure” this Monday on a series of contracts of iron ore.

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Vale declares force majeure due to heavy rains (VALE, BHP, RIO)

posted on January 12, 2012 at 10:48 am by Marta Dhanis

The mining company Vale (VALE, quote) has declared “force majeure” on iron ore shipments as of Wednesday due to the impact of heavy rains. There are estimated losses of 2 million metric tons in shipments of iron ore, the company said in a statement.

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Heavy rains interrupt Vale’s ore production in Minas Gerais (VALE)

posted on January 11, 2012 at 9:08 am by Marta Dhanis

The mining company Vale (VALE, quote) is warning that heavy rains in the Brazilian state of Minas Gerais are causing “temporary interruptions” to production at the iron ore mines.

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