| Vale says start of Posco, Dongkuk Brazil steel mill delayed to 2016 | |
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RIO DE JANEIRO, July 30 (Reuters) - Brazilian mining company Vale SA said on Thursday the start up of Cia Siderurgica do Pecem (CSP), a Brazilian steel mill being built with Korea's Posco and Dongkuk Steel Mill Co , will be delayed until the first half of 2016 from the second half of 2015 because of a strike. Vale also said its planned share of capital spending on the 1.5-million-tonne-a-year project fell by more than half to $1.224 billion in the second quarter because CSP will finance $1.49 billion of expenses on its own account. (Reporting by Jeb Blount; editing by David Clarke)
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Vale
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EXPLORATION STAGE |
CODE : VALE3.SA |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Vale is a producing company based in Brazil. Its main exploration property is GALIURO in USA. Vale is listed in Brazil and in France. Its market capitalisation is BRL 325.8 billions as of today (US$ 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. |