Seeking Alpha

Vale S.A. (VALE)

  • Dec. 27, 2013, 2:36 PM
  • Nov. 12, 2013, 3:32 AM
  • Feb. 5, 2013, 5:52 PM
    Silver Wheaton’s (SLW) $1.9B purchase of Vale (VALE) gold streams should hike revenues generated from gold production from an average of 12% to a peak of ~25% in the next five years. The move is expected to immediately boost SLW’s production and cash flow profile by adding expected average gold production of 110K oz./year over the next 20 years, or ~$3.7B at prevailing gold prices, Jon Ogg calculates.
  • Feb. 5, 2013, 5:27 PM
    Silver Wheaton (SLW) agrees to acquire from Vale (VALE) an amount of gold equal to 25% of the life of mine gold production from its Salobo Mine in Brazil, and 70% of the gold production for a 20-year term from some of its Sudbury Mines in Canada. SLW will pay $1.9B in cash, 10M warrants and ongoing payments of the lesser of $400 or the prevailing market price for each ounce of gold delivered under the agreement.
  • Jan. 24, 2013, 10:34 AM
    Commodity prices are rebounding, but don’t expect megadeals in mining as a new crop of CEOs takes over, WSJ reports. At least 20 mining CEOs have stepped down in the past year, some related to unsuccessful acquisitions, and big deals are unlikely when many CEOs are new to their roles. "There will be M&A but it is likely to be very strategic, brownfield-related and very carefully thought through.”
  • Sep. 6, 2012, 5:08 AM
    Peabody (BTU) scraps the $500M sale of a thermal-coal mine in Queensland after receiving no worthwhile bids, Reuters reports. The move adds to nearly $15B of deals shelved or postponed in Australia this year as commodity prices drop. Other deals set to be pulled include Vale's (VALE) $500M sale of a mine and BG's sale of a $2B stake in an LNG project.
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  • Feb. 7, 2012, 11:49 AM
    For anyone keeping score (and the shareholders are), in early 2008, Xstrata (XSRAY.PK), rejected a $76B offer from Brazil's VALE. Today, the board accepted Glencore's (GLCNF.PK) $61.9B bid. (h/t Jeremy Warner)
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  • Nov. 10, 2011, 4:30 AM
    Mitsubishi (MSBHY.PK) pays $5.39B for a 24.5% stake in Anglo American's (AAUKY.PK) Chilean copper unit. The deal is Japan's largest ever mining acquisition and will almost double Mitsubishi's copper output at time when global demand is expected to increase over 40% by 2020. (PR)
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  • May 31, 2011, 12:57 PM
    Contrary to Metorex stockholder calls for a 35% bigger bid from Vale (VALE), the existing $1.1B offer wins support from the target's biggest shareholder. A Metorex spokesman says the deal may have more than 50% support.
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  • Apr. 12, 2011, 2:06 PM
    Key shareholders of South Africa mining company Metorex say that Vale (VALE) needs to boost its $1.13B cash bid by some 35%, saying there are a small number of copper producers, and that Minmetals Resources offered a higher premium in its $6.3B bid for Equinox Minerals (EQXMF.PK).
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Company Description
Vale SA is a metals & mining company. It produces & supplies iron ore, iron ore pellets, nickel, manganese ore, ferroalloys, copper, coal, phosphates, potash, cobalt & others.
Industry: Steel & Iron
Country: Brazil