Seeking Alpha

Brazil’s President Rousseff may have been persuaded not to include a proposed special...

Brazil’s President Rousseff may have been persuaded not to include a proposed special participation tax, which would have forced Vale (VALE +2.4%) to pay a share of some of its most profitable mines to the government, in the new set of mining regulations due in May. That's a big deal, Goldman says; since September, Vale’s discount to peers has widened to ~19% vs. its 2% historical average.
Comments (1)
  • unclemike7849
    , contributor
    Comments (176) | Send Message
     
    Maybe their socialist president is finally figuring a few things out. If only ours would be so inclined. Now if Vale could only reset the clock and not have done the Argentina potash deal..........
    24 Apr 2013, 04:32 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|