For investors involved in high-growth market segments, the electric car theme is a huge investment thesis that holds massive potential for those involved in the metals central to the construction of the type of batteries that power this revolution. One of the most important in that mix is cobalt. Cobalt is critical for increasing the […]
NYSE:VALE
Vale SA (ADR) (NYSE:VALE) Is Letting Go CEO
Vale SA (ADR) (NYSE:VALE) decided not to renew the contract of current CEO, Roger Agnelli, after it expires in May, and that’s according to Brazil’s Energy Minister Fernando Coelho Filho. According to media reports, President Dilma Rousseff’s government has asked a key Vale shareholder to help replace Agnelli, after years of criticism by politicians that […]
Vale SA (ADR)(NYSE:VALE) Intensifies CEO Search
Vale SA (ADR)(NYSE:VALE) has stepped up the quest for a new CEO as Murilo Ferreira reported his departure, indicating measures by some top shareholders to protect the world’s number 1 iron producer firm from political interference. The buzz Earlier Vale reported Ferreira will step down from his CEO role after his term expires in May. […]
Vale SA (ADR) (NYSE:VALE) Unloads Future Gold Output Worth $800 Million to Reduce Debt
Vale SA (ADR) (NYSE:VALE) has announced the sale of its future gold output valued at $800 million as part of its strategy to reduce its $27 billion debt portfolio. Vale’s debt is load is the second largest debt portfolio after Glencore International PLC, St. Helier (OTCMKTS:GLCNF). Vale’s plan, for now, is to reduce the debt […]
Vale SA (ADR)(NYSE:VALE) Net Debt Declines Almost 1% To $27.5 Billion
Vale SA (ADR)(NYSE:VALE) reported that net debt in the second quarter of 2016 dropped almost 1% to $27.5 billion, while the cost of supplying iron ore to China declined to $30.30 a tonne including capital costs. However, with capital costs excluded, the cost of supplying iron ore to China stood at $28.50 a tonne. Luciano […]
