Iron Ore Ship Disabled in Brazil
CNBC reported a South Korean-owned carrier chartered by Vale SA (SAO:VALE5) is disabled in a Brazilian port and loaded with iron ore.
Articles Tagged "brazil"
Brazil Plans to Boost Iron-Ore Royalties
Bloomberg reported Brazil plans to boost taxes on iron ore as part of a plan to overhaul mining regulations.
Vale Sees No Let-Up in Iron Ore Output, Short-Term Volatility
Reuters reported Vale (NYSE:VALE,SAO:VALE5) plans to produce at full capacity in 2012, reflecting optimism that China can weather any potential slowdown.
Brazil Miner MMX Says Doubles Iron Ore Resources
Reuters reports MMX (SAO:MMXM3) said a study showed the firm's iron ore resources stood at 3.1 billion tonnes.
Usiminas Port Bid Seen Quadrupling Its Ore: Freight Markets
Bloomberg reports Usinas Siderurgicas de Minas Gerais SA (SAO:USIM5) wants to quadruple its iron-ore production.
Noble Buys Five Iron-Ore Cargoes From Brazil’s Ferrous For Chinese Steel
Bloomberg reports Noble Group Ltd. (SIN:N21) in China bought five iron-ore shipments from Ferrous Resources Ltd. in Brazil.
Vale Sees No Slowing of China Ore Demand as Nation Builds 36 Million Homes
Bloomberg reports that Vale S.A. (NYSE:VALE,SAO:VALE5) sees no slowing down in China's demand for iron ore as the country builds 35 million low-cost homes.
Batista’s OSX May Borrow 2.7 Billion Reais for Shipyard
Bloomberg reports that OSX Brasil SA (SAO:OSXB3) said it gained approval for financing from a government-run fund and it may borrow $1.7 billion.
Most Brazil Stocks Gain as Valuations Offset Commodities Drop
Bloomberg reports most Brazilian stocks gained as the cheapest valuations in two and a half years lured investors, offsetting a drop in commodity prices.
Goldman Gives Vale $44 Target On Tight Iron Ore Supply
Forbes reports Goldman Sachs increased its price target on shares of Vale (NYSE:VALE) to $44.
