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Stock Market & Financial Investment News

News Breaks
December 20, 2012
19:37 EDTVALEVale to take $4.2B pre-tax charge in Q4
Vale S.A. informs that it has concluded the annual assessment of Onša Puma and aluminum assets, which will imply the recognition of an impairment charge before tax of $4.2B, thus affecting our earnings in Q4. The issues with the two furnaces of Onša Puma determined the total stoppage of its ferronickel operations since June. After analyzing the case, Vale decided to rebuild one of the furnaces, at an estimated cost of $188M in 2013, and plans its start up in 4Q13. Given this event and in face of the current market environment for ferronickel, the valuation of Onša Puma determined the need to recognize an impairment charge before tax of $2.848B. The book value of Onša Puma was $3.778B as of September 30. The downward volatility of aluminum prices and the macroeconomic uncertainties about the European economy have contributed to reduce the market value of our 22% stake in Hydro ASA, a Norwegian aluminum producer, to a level below the book value of our investment. Based on Hydro share prices at September 30, we are recognizing an impairment charge before tax of $1.3B, which will impact our 4Q12 net earnings. Reference Link
News For VALE From The Last 14 Days
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February 1, 2016
05:15 EDTVALEStocks with implied volatility movement; VALE GPRO
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January 29, 2016
06:55 EDTVALEVale proposing 'zero' dividend this year to save cash, WSJ says
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January 28, 2016
17:20 EDTVALEVale board to consider zero dividend for 2016
Vale announced that, in compliance with its dividend policy and due to price volatility in mineral commodities, its executive board has approved and will submit to the board of directors a proposal for a minimum dividend equal to zero for 2016. "As the year progresses and we have more clarity on the market scenario, the board of directors may decide on the distribution of some remuneration to shareholders, provided that there is sufficient cash flow generation," the company said. In addition, in order to better align Vale's dividend policy with the current environment of commodity prices uncertainty, the executive board will submit to the board of directors a proposal to revise the current dividend policy. If approved by the board, the implementation of the proposal will be subject to approval at Vale's April shareholders meeting. Reference Link
January 26, 2016
11:42 EDTVALEOptions with increasing call volume; TEX MTW MTG SEE KBH SNDK WDC VALE VIAB PII
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11:13 EDTVALEActive options; AAPL BAC FB NFLX C MSFT TWTR VALE FCX COH XOM AMZN
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January 25, 2016
18:52 EDTVALEVale wins injunction reopening Tubarao port, Reuters says
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17:37 EDTVALEVale, BHP to be guarantors of any Samarco deal, Reuters says
Vale (VALE) and BHP Billiton (BHP) will be financial guarantors of any accord reached between Brazil and the two companies' Samarco joint venture, reports Reuters, citing statements from the country's attorney general Luis Adams. Reference Link

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