News Breaks |
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| December 19, 2012 |
| 12:12 EDT |  | VALE, PBR | Vale sells fertilizer plant to Petrobras
Earlier in a regulatory filing Vale (VALE) informs that it has signed with Petróleo Brasileiro (PBR) (Petrobras) an agreement to sell Araucária, operation for production of nitrogens, located in Araucária, in the Brazilian state of Paraná, for $234M. The purchase price will be paid by Petrobras through installments accrued quarterly, adjusted by 100% of the Brazilian interbank interest rate (CDI), in amounts equivalent to the royalties due by Vale related to the leasing of potash assets and mining rights of Taquari-Vassouras and of the Carnalita project. |
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News For VALE;PBR From The Last 14 Days Check below for free stories on VALE;PBR the last two weeks. |
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| June 18, 2013 |
| 16:00 EDT |  | PBR | Options Update; June 18, 2013
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| 11:42 EDT |  | VALE | Brazil mining bill may double royalty to 4%, Reuters says
Brazil presented a much anticipated bill to reform the country's 46-year-old mining code, says Reuters. The bill proposes new royalties of up to 4% and a new regulatory agency, added Reuters. Reference Link |
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| 07:04 EDT | | PBR | Petrobras volatility elevated, shares near low end of seven-year range
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| June 17, 2013 |
| 16:00 EDT | | PBR | Options Update; June 17, 2013
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| 10:10 EDT |  | PBR | On The Fly: Analyst Upgrade Summary
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| 08:01 EDT | | PBR | Petrobras upgraded to Buy from Hold at Jefferies
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| 07:13 EDT | | VALE | Vale: China slowdown helped by Brazil currency depreciation, Bloomberg reports
Brazil’s Vale (VALE) said further local currency depreciation could counter cost rises and a slowdown in Chinese iron-ore demand as it seeks to regain market share from Rio Tinto (RIO) and BHP Billiton (BHP), reports Bloomberg.Reference Link |
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| 06:14 EDT | | VALE | On the Fly: Periodicals Wrap-Up
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| June 11, 2013 |
| 07:26 EDT |  | VALE | BofA/Merrill to host a conference
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| June 7, 2013 |
| 15:11 EDT | | PBR | Petrobras delays Comperj refinery startup by over a year, WSJ says
Petrobras CEO Maria das Gracas Foster said the company expects its Comperj refinery to start operations in August 2016, more than a year later than planned, citing environmental license issues and changes to the refinery's design, reported The Wall Street Journal. Reference Link |
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| 15:07 EDT | | PBR | Petrobras to sell assets, exit Peru, Reuters reports
Petrobras plans to leave Peru and has already shopped some of its Peruvian assets to potential buyers, though a final decision to exit Peru has not been made, according to Reuters, citing sources inside and outside of the company. The company reportedly expects to generate about $9B globally from asset sales being carried out to help fund the development of its reserves in its domestic Brazilian market, the report noted. Reference Link |
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| 10:11 EDT | | VALE | On The Fly: Analyst Upgrade Summary
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| 06:51 EDT | | VALE | Vale upgraded to Outperform from Underperform at Bernstein
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