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Vale


Novinky

Petrobras, Vale to seek opportunities for joint investment in renewables

UPDATE 1-Petrobras, Vale to seek opportunities for joint investment in renewables Adds more comments from executive, context in paragraphs 2-6 RIO DE JANEIRO, Sept 28 (Reuters) - T he head of Brazil's state oil firm Petrobras PETR4.SA said on Thursday it will sign a memorandum of understanding with mining giant Vale VALE3.SA to study potential joint ventures in renewable energy, even as looks to new suppliers for diesel.
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Petrobras, Vale to seek opportunities for joint investment in renewables

Petrobras, Vale to seek opportunities for joint investment in renewables RIO DE JANEIRO, Sept 28 (Reuters) - The chief executive of Brazil's Petrobras PETR4.SA said on Thursday the state-run oil company will sign a memorandum of understanding with mining giant Vale VALE3.SA to study potential joint investment opportunities in renewable energy. Jean Paul Prates also told reporters at an event that internal models show that for now it is possible for the company to keep its fuel prices unchanged w
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Brazilian miner Vale seals deal for potential low-carbon iron ore complex

Brazilian miner Vale seals deal for potential low-carbon iron ore complex By Marta Nogueira RIO DE JANEIRO, Sept 26 (Reuters) - Mining giant Vale VALE3.SA and Brazil's top commercial port have signed an agreement to study the potential construction of a facility in Rio de Janeiro state that would produce low-carbon iron ore products, port executives told Reuters.
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Latam FX, stocks drop as China demand, Fed rate concerns hit metals prices

EMERGING MARKETS-Latam FX, stocks drop as China demand, Fed rate concerns hit metals prices Brazil's current account deficit shrinks in August Metal prices fall on China demand Latam FX down 1.2%, stocks down 1.4% Updated at 3:42 pm ET/ 1942 GMT By Johann M Cherian, Amruta Khandekar and Lisa Pauline Mattackal Sept 25 (Reuters) - Latin American currencies and stocks fell on Monday, starting the last week of the quarter in the red as worries about China's ailing property sector took the shine off
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Brazil's foreign investors shift favor from basic materials to financial services, study shows

Brazil's foreign investors shift favor from basic materials to financial services, study shows By Andre Romani SAO PAULO, Sept 25 (Reuters) - Foreign investors are pumping more money into Brazil's financial sector while turning away from mining and steel companies, a study by stock exchange operator B3 B3SA3.SA and analytics firm Neoway showed on Monday.
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US, Saudi Arabia in talks to secure metals in Africa - WSJ

UPDATE 1-US, Saudi Arabia in talks to secure metals in Africa - WSJ Adds details, background paragraphs 2-8 Sept 10 (Reuters) - The United States and Saudi Arabia are in talks to secure metals in Africa needed to help them with their energy transitions, the Wall Street Journal reported on Sunday, citing people with knowledge of the talks. A state-backed Saudi venture would buy stakes in mining assets worth $15 billion in African countries such as the Democratic Republic of Congo, Guinea and Nami
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Chilean peso leads Latam FX lower, eyes on Colombian inflation

EMERGING MARKETS-Chilean peso leads Latam FX lower, eyes on Colombian inflation Mexican inflation slows for seventh consecutive month in Aug Peru president reshuffles cabinet for second time in six months POLL-Argentina peso at risk of another devaluation post election Colombia Aug inflation awaited Updated at 3:18 pm ET/ 1918 GMT By Ankika Biswas and Shashwat Chauhan Sept 7 (Reuters) - Latin American currencies were mixed against a firmer dollar on Thursday, w ith the Chilean peso lagging on lo
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Mexican peso rebounds; Colombian inflation data on tap

EMERGING MARKETS-Mexican peso rebounds; Colombian inflation data on tap Mexican inflation slows for seventh consecutive month in Aug Peru president reshuffles cabinet for second time in six months POLL-Argentina peso at risk of another devaluation post election Colombia Aug inflation awaited By Ankika Biswas Sept 7 (Reuters) - Latin American currencies were mixed against a firmer dollar on Thursday, with the Mexican peso bouncing back after recent losses, while traders awaited Colombia's monthly
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Vale International Enters Into A Loi For Supplying Iron Ore Agglomerates To Essar Group's Ksa Green Steel Project

BRIEF-Vale International Enters Into A Loi For Supplying Iron Ore Agglomerates To Essar Group's Ksa Green Steel Project Sept 7 (Reuters) - Vale SA VALE3.SA : VALE INTERNATIONAL ENTERS INTO A LOI FOR SUPPLYING IRON ORE AGGLOMERATES TO ESSAR GROUP'S KSA GREEN STEEL PROJECT VALE INTERNATIONAL: THROUGH THIS PARTNERSHIP, VALE WILL SUPPLY ESSAR GROUP WIT
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Vale Base Metals to invest $10 bln in Indonesia over next decade

UPDATE 2-Vale Base Metals to invest $10 bln in Indonesia over next decade Investment part of the $30 bln for Canada, Brazil, Indonesia Work has started for three new plants Vale exploring copper mine, comparable to massive Grasberg site Recast with figures and adds comments from interview in paragraphs 8-11 By Fransiska Nangoy JAKARTA, Sept 7 (Reuters) - Vale Base Metals is committing $10 billion for investment in Indonesia over the next decade to capture demand for metals such as nickel and cop
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Vale, H2GS mull industrial hubs in Brazil, North America

UPDATE 1-Vale, H2GS mull industrial hubs in Brazil, North America Adds context, quotes SAO PAULO, Sept 6 (Reuters) - Brazilian miner Vale VALE3.SA said on Wednesday it has signed an agreement with Sweden-based H2 Green Steel (H2GS) to study the joint development of industrial hubs in Brazil and North America as part of its decarbonization efforts .
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Vale, H2 Green Steel mull industrial hubs in Brazil, North America

Vale, H2 Green Steel mull industrial hubs in Brazil, North America SAO PAULO, Sept 6 (Reuters) - Brazilian miner Vale said on Wednesday it has signed an agreement with Sweden-based H2 Green Steel to study the development of industrial hubs in Brazil and North America. The potential plants would be focused on producing low-carbon products for the steel industry, such as green hydrogen and hot briquetted iron, the mining giant said in a statement.
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Brazilian miner Vale to start building Middle East 'mega hubs' in 2024

Brazilian miner Vale to start building Middle East 'mega hubs' in 2024 RIO DE JANEIRO, Sept 5 (Reuters) - Brazilian miner Vale VALE3.SA said on Tuesday it expects to start building "mega hubs" in Middle Eastern countries next year to make low-carbon iron ore products for the steel industry, with the first one becoming operational in 2027. Vale had announced last year plans to develop the plants in Saudi Arabia, the United Arab Emirates and Oman, saying products coming from them would include hot
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Argentine potash mine finalizes selection of $1 bln investor

Argentine potash mine finalizes selection of $1 bln investor BUENOS AIRES, Sep 4 (Reuters) - Authorities from Argentina's Mendoza province have finalized the selection process for a $1 billion investor to help develop a potash mine, the governor said on Monday, more than a decade after Brazil's Vale SA VALE3.SA shelved the project amid price pressures.
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BHP says Brazilian court approves Samarco debt reorganisation plan

UPDATE 3-BHP says Brazilian court approves Samarco debt reorganisation plan Adds share moves in paragraph 3, context in paragraphs 4-5 and analyst quote in paragraph 8 By Roushni Nair Sept 4 (Reuters) - Australian mining giant BHP BHP.AX said on Monday a Brazilian court had approved the reorganisation plan for its Samarco joint venture, clearing the path for the cash-strapped Brazilian miner to move ahead with a $3.7 billion debt restructuring.
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Brazil miner Vale jumps on JPMorgan upgrade

BUZZ-Brazil miner Vale jumps on JPMorgan upgrade ** Shares of Brazilian miner Vale VALE3.SA jump as JPMorgan analysts upgrade their recommendation on the firm to "overweight" from "neutral" ** The analysts say Vale had a very challenging start to the year - marked by low volumes, operating challenges and high costs - but the coming quarters should
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Brazil's Vale starts producing test loads of iron ore briquettes

Brazil's Vale starts producing test loads of iron ore briquettes By Marta Nogueira RIO DE JANEIRO, Aug 31 (Reuters) - Brazilian miner Vale VALE3.SA has started test loads of its iron ore briquette and is preparing to begin serving a backlog of customers, a top executive said, saying the new product should help steelmakers cut their carbon emissions up to 10%.
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Mosaic CEO James O'Rourke to step down at year-end

UPDATE 2-Mosaic CEO James O'Rourke to step down at year-end Adds shares in paragraph 2, background on O'Rourke in paragraph 4 Aug 29 (Reuters) - Fertilizer maker Mosaic's MOS.N CEO James O'Rourke would step down from his position effective Dec 31, ahead of his planned retirement next year, the company said on Tuesday. Shares of the top U.S. phosphate maker fell 1.7% in extended trading.
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Chinese steel demand declining less than data suggests, says Vale executive

Chinese steel demand declining less than data suggests, says Vale executive By Marta Nogueira RIO DE JANEIRO, Aug 29 (Reuters) - Brazilian miner Vale SA VALE3.SA sees declining steel demand in China, the world's largest producer, but the situation is not as dire as some indicators suggest, the miner's vice president of iron ore solutions told Reuters.
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Miners face 'considerable challenges' meeting demand from US climate law -study

Miners face 'considerable challenges' meeting demand from US climate law -study By Ernest Scheyder Aug 15 (Reuters) - The mining industry faces "considerable challenges" meeting larger-than-expected demand for copper, nickel and other electric vehicle metals fueled by a U.S. climate law , S&P Global said in a report on Tuesday, ahead of the legislation's one-year anniversary.
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