VALE S.A. (VALE) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Image source: The Motley Fool. Vale S.A. (NYSE: VALE)Q2 2022 Earnings CallJul 29, 2022, 10:00 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood morning, ladies and gentlemen.
Brazil's Vale SA said on Friday it is running into delays as it seeks environmental licenses for new projects due to "more sophisticated" requirements. Vale cited slower regulatory approvals in reducing its 2022 iron ore production outlook to 310 million to 320 million tonnes from 320 million to 335 million tonnes. "Environmental licensing processes in Brazil and actually all over the world are getting more sophisticated," said Vale's head of ferrous metals, Marcello Spinelli, in an earnings call with analysts.