| Vale says iron ore mining costs to fall with new mine | |
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RIO DE JANEIRO, April 30 (Reuters) - Brazilian miner Vale expects its iron ore mining costs to fall from $22 a ton after the S11D, or Serra Azul, mine expansion in the Amazon opens, Chief Executive Officer Murilo Ferreira said on a Wednesday conference call to discuss first-quarter earnings. The company's profit fell by nearly a fifth from a year ago as iron ore prices fell, and executives on the call said Vale had overestimated expected ore prices for the quarter. (Reporting by Jeb Blount; Editing by Bernard Orr)
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Vale
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EXPLORATION STAGE |
CODE : VALE3.SA |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Vale is a producing company based in Brazil. Its main exploration property is GALIURO in USA. Vale is listed in Brazil and in France. Its market capitalisation is BRL 297.2 billions as of today (US$ 150.8 billions, € 136.0 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. |