VALE SA – Page 3

Global Mining: Vale names Fabio Schvartsman as new CEO

Posted on March 28, 2017 by Mozambique Resources Post

Vale (NYSE:VALE) confirms the appointment of Fabio Schvartsman as its new CEO to replace Murilo Ferreira in late May. Schvartsman, who has been the CEO of Klabin (OTCPK:KLBAY), Brazil’s largest paper and cardboard producer, for the past six years, had not figured in media reports as a potential replacement for Ferreira until very recently.

Mozambique Mining: Vale ends 2016 with a US$105Mi los, after posting US$508Mi loss in 2015

Posted on March 6, 2017 by Mozambique Resources Post

Vale Mozambique, a subsidiary of Brazilian group Vale, had an operating loss of US$105 million in 2016, a figure which compares with a loss of US$508 million in 2015, said the mining group as it published it accounts for the fourth quarter and 2016.

Global Mining:Vale CEO Ferreira to leave after contract expires in May

Posted on February 24, 2017 by Mozambique Resources Post

Murilo Ferreira will step down as chief executive officer of Brazilian miner Vale SA when his term expires on May 26, the company said on Friday, without naming a replacement.

Global Industry: Vale swings back to profits on soaring iron ore prices

Posted on February 24, 2017February 24, 2017 by Mozambique Resources Post

Brazil’s Vale (NYSE:VALE), the world’s No.1 iron-ore producer, profited from a sharp surge in iron ore prices that helped the company swing to a net profit of $525 million in the fourth quarter from a $8.6bn loss for the same period a year earlier.

Global Industry: Vale to seek single class of stock in major governance move

Posted on February 21, 2017February 21, 2017 by Mozambique Resources Post

“We’re facing a historic moment for Vale, a landmark that could be as important as privatisation 20 years ago” – Murilo Fereira, Vale CEO

Mozambique Mining: Vale Moatize Coal mine production up in 2016

Posted on February 21, 2017 by Mozambique Resources Post

Vale Moçambique, a subsidiary of Brazilian group Vale, extracted 5.5 million tonnes of coal from its mine in Moatize, in Mozambique’s Tete province, a 10.7% increase over the 4.96 million tonnes recorded in 2015, the group said in a statement.

Global Mining: Brazil politics could keep Ferreira as Vale CEO for two more years

Posted on February 14, 2017 by Mozambique Resources Post

Vale’s (VALE +7.9%) top non-government shareholders want CEO Murilo Ferreira to stay in his job for another two years to stem pressure from Brazilian politicians to appoint an ally, Reuters reports, citing newspaper Valor Econômico.

Global Mining: Vale opens world’s largest iron ore mine

Posted on December 20, 2016 by Mozambique Resources Post

Vale opened this weekend the S11D iron ore mine in Brazil – its biggest project ever, adding 75M metric tons of production when it reaches peak output in four years and firmly lifting Vale over Rio Tinto as the world’s top iron ore producer.

Mozambique Coal Mining: Vale resumes coal transport along the Sena line

Posted on November 18, 2016 by Mozambique Resources Post

Trains loaded with coal extracted in Mozambique’s Tete province by mining company Vale Moçambique have once again started using the Sena railway heading to the port of Beira, after a standstill of several months, Mozambican daily newspaper Noticias reported.

Mozambique Coal Mining: Vale Board agrees to new terms for sale of Moatize Mine and Nacala Logistics assets to Mitsui

Posted on September 30, 2016September 30, 2016 by Mozambique Resources Post

Vale (NYSE:VALE) says it reached agreement on new terms with Mitsui (OTCPK:MITSY) for the sale of a stake in its Moatize coal mine and connected railway in Mozambique.C

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