New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 3, 2012
10:37 EDTVALEVale CFO says 2011-2012 were peak years for investment, Bloomberg says
These comments were made at a presentation at the NYSE, as reported by Bloomberg.
News For VALE From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 30, 2015
07:19 EDTVALEVale management to meet with Deutsche Bank
Meeting to be held in New York on November 30 hosted by Deutsche Bank.
06:36 EDTVALESamarco confirms 13 fatalities following November 5 dam burst
A further update has been provided following the breach of the Fundao tailings dam and Santarem water dam at the Samarco Mineracao S.A iron ore operation in Minas Gerais, Brazil which occurred on November 5. BHP Billiton (BHP) and Vale (VALE) each hold a 50% interest in Samarco. Samarco has advised that, at this stage, there are 13 fatalities and six people who remain unaccounted for. Emergency services continue to search for the six missing people.Clean-up work has commenced in the Barra Longa area, focusing on access roads, housing and bridge repairs. Monitoring of the remaining dam structures at Samarco continues. Interim work to repair the damage to the dams and to reinforce parts of the structure has commenced. Operations at Samarco remain suspended. Samarco has reported that tests on the sediments carried out by the Brazilian Geological Service from samples taken at four points in the Rio Doce river system over the period November 14-November 18 indicate that concentrations of metals obtained at these sites do not significantly differ from the results produced by CPRM in 2010. Samarco has advised that the tailings material released as a result of the breach of the Fundao and Santarem dams is considered to be non-reactive and would be geochemically stable when introduced to the river system or ocean. The Brazilian Federal Government and certain State governments have announced that, on 30 November 2015, they intend to commence legal proceedings against Samarco, Vale and BHP Billiton for clean-up costs and damages. The announcement indicates that the legal action will demand that the companies establish a fund of BRL 20 billion in aggregate -- approximately $5.2B at current exchange rates -- for environmental recovery and compensation. BHP Billiton has not received formal notice of the action at this stage. BHP Billiton confirms its commitment to supporting Samarco to rebuild the community and restore the environment affected by the breach of the dams. This includes plans, announced by Vale and BHP Billiton on November 27, to work together with Samarco to establish a voluntary, non-profit fund to support the recovery of the Rio Doce river system.
06:33 EDTVALEVale exec confirms arsenic found in Rio Doce water after dam burst, Reuters says
Subscribe for More Information
05:31 EDTVALEStocks with implied volatility movement; DIS VALE
Subscribe for More Information
November 29, 2015
15:28 EDTVALEBrazil to seek $5.2B from BHP, Vale after dam breach, Bloomberg says
Subscribe for More Information
November 27, 2015
10:31 EDTVALEVale to hold Vale Day
Subscribe for More Information
November 23, 2015
08:37 EDTVALEU.S. district judge dismisses Rio Tinto case against BSG Resources
Subscribe for More Information
November 20, 2015
06:15 EDTVALEVale to close Manitoba nickel and smelting operations in 2018, Reuters reports
Subscribe for More Information
November 19, 2015
06:40 EDTVALEBHP Billiton backs dividend policy amid profit slump, CNBC reports
BHP Billiton (BHP) defended its dividend policy amid a drop in share prices and profits slump this year as well as weak China growth and a recent mine disaster in Brazil, CNBC reports. BHP chairman Jacques Nasser said at the company's annual meeting that the dividend policy is the result of "appropriate capital management," the report says. In addition, the company said it and joint venture partner Vale (VALE) will be commissioning an external probe of the Samarco dam spill, the report says. Reference Link
November 17, 2015
06:17 EDTVALEBHP Billiton reviewing all dams worldwide, U.K. Times reports
BHP Billiton (BHP) CEO Andrew Mackenzie told analysts and investors at the company's annual general meeting that the company is reviewing all of its dams worldwide after the Samarco mudslide in Brazil killed at least nine people, The U.K. Times reports. Mackenzie also said BHP is considering moving away from the arrangement under which mines that it partly owns are managed by committee rather than by a single operator; the Samarco mine is half run by BHP, with the remainder owned by Vale (VALE). Reference Link
November 16, 2015
18:50 EDTVALESamarco to set aside $262M for initial costs after Brazil dam breach, WSJ says
Samarco, a joint venture of Vale (VALE) and BHP Billiton (BHP), reached an agreement with Brazilian prosecutors to establish an initial $262M cleanup fund related to two dam breaches at its iron-ore mines in Minas Gerais state, reports the Wall Street Journal. Reference Link
13:26 EDTVALEVale: It will take 'years' for Rio Doce river to recover, Reuters reports
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use