Tito Bothelo Martins Junior, who recently left Vale S.A to pursue a position outside the Vale-group, has resigned from the Board of Directors of Norsk Hydro ASA with immediate effect. Martins has been on Hydro’s Board of Directors since 2011.
Category : World News
Category : Business
Keith Ryder remains committed to buying Port Vale, despite the administrators putting the troubled club back on the market.
Go here to see the original: New bidders enter Port Vale talks
Category : World News
Vale (VALE) Q1 net profit nearly halved to $3.83B from $6.83B the year before after slowing growth in China pushed down the price of ore. Heavy rains that curtailed production were also a factor. Net revenue was $11.05B, largely in-line with consensus and down 16% from the year before. 
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Category : Stocks
VALE has proposed a $3B ($0.59/share) initial 2012 dividend payout to shareholders. The mining giant previously announced it would pay at least $6B in dividends this year. It paid out $9B in 2011, after promising a minimum of $4B. (earlier) Post your comment!
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Click to view a price quote on VALE.
Click to research the Metals & Mining industry.More here: ‘Mad Money Lightning Round’: Go With Allot Communications.
Category : Stocks
The following commentary comes from an independent investor or market observer as part of TheStreet’s guest contributor program, which is separate from the company’s news coverage.
NEW YORK (Trefis) — After witnessing two years of spectacular growth on the back of skyrocketing iron ore prices, mining behemoth Vale is bracing itself for tougher times ahead due to the relatively bleak iron ore outlook. Last month, the company disappointed the market when its earnings missed expectations.
Furthermore, the company will have to pay $4 billion in a bid to settle royalty dispute with the Brazilian government. Additionally, the company could face charges related to the deaths of two workers in its mines last year. While the latter two are obviously company-specific issues, we expect that other miners such as Rio Tinto and BHP Billiton will also feel some pressure from the iron ore pricing dynamics going forward. Our price estimate for Vale stands at $31, implying a premium of about 25% to the current market price.
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Click to view a price quote on VALE.
Click to research the Metals & Mining industry.Read more: Vale: Bracing for Tougher Times
Category : World News
Stoke-on-Trent City Council wants to place Port Vale in administration, in order for the club to avoid liquidation.
Original post: Council seeks Vale administration
Members of Steelworkers Local 6500 in Sudbury are concerned about the process miners follow to alert management to safety hazards in Vale mines.
Read the original here: Union, Vale at odds over safety reports
A report following an eight-month investigation by Steelworkers Local 6500 alleges nickel mining giant Vale failed to take all reasonable steps to prevent the deaths of two miners in Sudbury, Ont.
View post: Steelworkers union says fallen miner warned Vale in email
Category : Stocks
For anyone keeping score (and the shareholders are), in early 2008, Xstrata (XSRAY.PK), rejected a $76B offer from Brazil’s VALE. Today, the board accepted Glencore’s (GLCNF.PK) $61.9B bid. (h/t Jeremy Warner) Post your comment!