Vale Sells Assets, Boosts Profits
Reuters reported Vale SA (SAO:VALE5) will sell its underperforming assets in an effort to control costs and boost profit.
Reuters reported Vale SA (SAO:VALE5) will sell its underperforming assets in an effort to control costs and boost profit.
CNBC reported Vale (SAO:VALE5) says it will close its Frood nickel and copper mine in Canada.
Platts reported lower-than expected nickel output at two Vale (SAO:VALE5) mines means the company may not meet its output target for 2012.
Reuters reported Brazilian federal prosecutors have asked a court to suspend operations at Vale's (SAO:VALE5) Onça Puma nickel project.
Reuters reported Vale's (SAO:VALE5) nickel production likely fell in the first quarter.
Bloomberg reported Vale SA (SAO:VALE5) plans to invest $21.4 billion on mining projects in 2012 after failing to meet spending targets this year.
Forbes reports a price estimate for Vale (NYSE:VALE,SAO:VALE5) at $42, which is roughly 30% ahead of market price.
Forbes reports that their price estimate for Vale (NYSE:VALE,SAO:VALE5) is $42, which is roughly 30% ahead of market price.
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