Vale Keeping Iron Output Strong Despite Price Drop
Reuters Africa reported Vale (NYSE:VALE,SAO:VALE5) joined its rivals in pledging on Thursday no let up in iron ore production, even as prices slump.
Reuters Africa reported Vale (NYSE:VALE,SAO:VALE5) joined its rivals in pledging on Thursday no let up in iron ore production, even as prices slump.
Reuters reported Vale (NYSE:VALE,SAO:VALE5) is open to discussing different iron ore pricing systems with its clients, as prices have tumbled.
Bloomberg reported Vale SA (NYSE:VALE) fell the most in three weeks on concern it is cutting prices for the steel-making material.
Reuters reported Vale (NYSE:VALE,SAO:VALE5) plans to produce at full capacity in 2012, reflecting optimism that China can weather any potential slowdown.
Mining Weekly reported Vale (NYSE:VALE,SAO:VALE5) it has started a demonstration plant to test and further develop technology which can produce pig iron.
Bloomberg reports Vale SA (NYSE:VALE) said it won’t “carry a loss” from the potential sale of its fleet of the biggest commodity carriers.
Bloomberg reports Vale SA (SAO:VALE3,EPA:VALE3) posted second-quarter profit that missed analysts’ expectations and said it will pay an extra dividend of $3 billion.
Bloomberg reports Vale SA (NYSE:VALE) is building a fleet of iron-ore carriers and plans for the first ships to go to China and Italy.
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.
Forbes reports Goldman Sachs increased its price target on shares of Vale (NYSE:VALE) to $44.
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