| Vale expects to negotiate ocean freight rates, cut costs in 2016 | |
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RIO DE JANEIRO, Oct 22 (Reuters) - Brazilian miner Vale SA expects to renegotiate ocean freight transportation rates in 2016, cutting costs and increasing trade competitiveness, company executives said on a conference call with investors on Thursday. The company expects to produce up to 98 percent of its nickel forecast and 95 percent of its copper forecast in 2015 Jennifer Maki, Vale's head of base metals said on the call. (Reporting by Jeb Blount; Editing by Chizu Nomiyama)
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Vale
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EXPLORATION STAGE |
CODE : VALE3.SA |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Vale is a producing company based in Brazil. Its main exploration property is GALIURO in USA. Vale is listed in Brazil and in France. Its market capitalisation is BRL 325.8 billions as of today (US$ 150.8 billions, € 137.9 billions). Its stock quote reached its lowest recent point on February 19, 2016 at BRL 10.51, and its highest recent level on August 27, 2021 at BRL 99.80. Vale has 5 244 319 744 shares outstanding. |