Tag: Vale

• Thursday, September 17th 2015 - 21:18 UTC

  Interim CEO for Petrobras as Murilo Ferreira takes leave of absence and returns to Vale

  

  The Chairman at Petrobras, Murilo Ferreira, has taken a leave of absence from his position till November 30. It is speculated that he wants to give his entire attention towards his role as Vale SA’s CEO.

• Friday, November 29th 2013 - 23:38 UTC

  Mining giant Vale settles tax dispute: agrees to pay Brazil's treasury 9.6bn dollars

  

  Mining giant Vale has agreed to pay the Brazilian treasury 9.6 billion dollars to settle a decade-long dispute over back taxes, after the country’s tax authority offered to reduce the corporation's original 14.1bn debt.

• Saturday, March 16th 2013 - 07:28 UTC

  Mining project suspension in Mendoza leading to major clash between Argentina and Brazil

  

  A major conflict could be brewing between Argentina and Brazil after Rio’s Vale decided to cancel a 6 billion dollars potash development project in Mendoza and the Argentine Labour minister issued a mandatory conciliation which actually impedes implementation of the closing down decision.

• Thursday, March 14th 2013 - 09:07 UTC

  Argentina furious with Brazil over cancelling of 6bn potash development project

  

  The government of President Cristina Fernandez is furious with the Brazil-based Vale mining company for suspending its 6 billion dollars potash development in Mendoza, the largest investment in Argentina in recent years.

• Monday, March 11th 2013 - 22:54 UTC

  Argentine macroeconomic context forces huge 6bn potash project suspension

  

  Brazilian mining giant Vale announced on Monday it has suspended the 6 billion dollars Río Colorado potash project in Mendoza province. The mining, main producer of iron had halted the work on the project back in December, awaiting tax breaks for the project to help to compensate for soaring costs related to inflation and exchange rates.

• Thursday, February 28th 2013 - 23:59 UTC

  Brazilian market suffers the impact of iron-ore producer Vale record loss in fourth quarter

  

  Brazil’s Bovespa-index futures declined with the equity gauge poised for its biggest monthly drop since May, after iron-ore producer Vale SA posted a record loss in the fourth quarter.

• Wednesday, February 6th 2013 - 05:54 UTC

  Argentina eases pressure on potash project timetable but denies fiscal incentive

  

  Argentine authorities backed away from a recent ultimatum for Brazilian mining giant Vale to submit a new timeline for its 6 billion dollars Rio Colorado potash mine, giving the company more time to find a solution for the imperiled project.

• Monday, October 22nd 2012 - 23:37 UTC

  Brazil purchases high-tech oceanographic research vessel

  

  The Brazilian government announced on Monday that it will invest 162 million Reais (81 million dollars) in the purchase of a high-tech oceanography research vessel.

• Saturday, July 14th 2012 - 00:30 UTC

  Top Brazilian entrepreneurs tie-up to develop mining opportunities in Latam and Africa

  

  Brazil's top investment bank Banco BTG Pactual announced a tie-up with Roger Agnelli, former head of mining giant Vale, to invest up to 520 million dollars in Latin America and Africa.

• Monday, July 2nd 2012 - 05:28 UTC

  Brazil’s Vale gets green light for largest ever iron ore mining project

  

  The world's number two mining company, Brazil’s Vale Doce said it received an environmental license to build its biggest-ever iron ore mine, an Amazon region project that holds about one trillion dollars of reserves at current prices.