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 […]
Vale SA (ADR) (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) 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 […]
