| Vale wins order reopening iron port; has 60 days to fix problems | |
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RIO DE JANEIRO, Jan 25 (Reuters) - Brazilian mining company Vale SA won an injunction on Monday reopening the Port of Tubarao, near Vitoria, Brazil to iron ore exports and coal imports, overturning a court order last week that closed the terminal on environmental grounds, the company's lawyer told Reuters. The injunction gave Vale, the world's largest iron ore exporter, 60 days to fix water and air pollution issues or face reclosure of the facility, said the lawyer, Sergio Bermudes, of Sergio Bermudes Advogados. Tubarao moves about 35 percent of Vale's more than 300 tonnes of annual iron ore exports and is also home to a Brazilian unit of ArcelorMittal SA, the world's largest steelmaker, which was also cited in the original order closing the facility. (Reporting by Jeb Blount; Editing by Jonathan Oatis)
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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. |