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  • iadops40
    ouch, VALE's Q1 net profit down 44% from 2011Q1 as heavy rainfall hampered operations
    4/26/12
    Reply (6)
    • Brandon Gibbs: You'd think a company of that magnitude would figure out a way to install temp domes or something. Imagine that site
      4/26/12
    • iadops40: VALE has been beatdown the past year w/ iron ore sharp drop, Brazilian govt. taxing the hell out of them, bad weather, & slow down in China
      4/26/12
    • iadops40: however VALE has started to diversify and restructure their operation, they will pull it back together no later than Q3.
      4/26/12
    • Brandon Gibbs: Whatre the main restructure ideas?
      4/26/12
    • iadops40: mainly the pricing of iron ore for a fair market value versus futures, bigger ships to ship the cargo, and focusing on copper production
      4/26/12
    • iadops40: also a joint project with Brazil's national oil and gas company PBR, joint projects in areas including fertilizer raw materials & oil/gas.
      4/26/12