Previous Close | 11.77 |
Open | 11.79 |
Bid | 11.74 x 0 |
Ask | 12.22 x 0 |
Day's Range | 11.79 - 12.08 |
52 Week Range | 11.37 - 14.26 |
Volume | |
Avg. Volume | 153 |
Market Cap | N/A |
Beta (5Y Monthly) | N/A |
PE Ratio (TTM) | N/A |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | N/A |
Vale Base Metals ("VBM") informs that Vale Canada Limited ("VCL") signed a Definitive Agreement ("Agreement") with PT Mineral Industri Indonesia ("MIND ID") and Sumitomo Metal Mining Co., Ltd. ("SMM") regarding the divestment obligation of PT Vale Indonesia Tbk ("PT Vale"). Under the Agreement, VCL and SMM will divest approximately 14 per cent pro-rata combined equity interest in PT Vale to MIND ID.
Vale, one of the world's largest iron ore producers, reported a $2.42 billion net profit for the quarter ended in December, compared to $4.15 billion expected by analysts polled by LSEG. Vale's bottom line took a hit from $1.2 billion tacked on to its provision related to the 2015 collapse of a tailings dam, which caused a giant mudslide that killed 19 people and severely polluted the Rio Doce river. BHP, Vale's partner in the Samarco joint venture that owned the dam, said last week it would record another $3.2 billion impairment related to the case.
SAO PAULO (Reuters) -A Brazilian federal judge ruled that miners Vale and BHP and their joint venture Samarco must pay 47.6 billion reais ($9.67 billion) in damages for a 2015 tailings dam burst, according to a legal decision on Thursday seen by Reuters. Vale and BHP said in separate statements they were not informed by the judiciary about the decision. Samarco declined to comment.