Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Bolsa de valores de Sao Paulo  >  Vale SA    VALE5   BRVALEACNPA3

Mes dernières consult.
Most popular
News SummaryMost relevantAll newsSector newsTweets

Vale : Brazil Vale May Exceed $21.4 Billion In Planned CapEx In 2012

share with twitter share with LinkedIn share with facebook
share via e-mail
04/26/2012 | 07:38pm CEST

RIO DE JANEIRO (Dow Jones) -- Brazilian mining company Vale SA (VALE, VALE5.BR) said Thursday it may spend more than the $21.4 billion it is scheduled to invest this year, more than half of which will be for bringing new projects into production.

Additional projects could even be included in the investment program, directors said on a conference call with analysts.

"We're having a much better performance on spending this year," said Vale's chief financial officer Tito Martins. "It could go above the budgeted capex expenditure for 2012."

In 2011 Vale invested $16.4 billion, well below the $24 billion originally announced for the year, due to difficulties in obtaining environmental licenses, manpower and setting up new projects, Martins said in January.

In November 2011, Vale announced plans to invest $12.9 billion on developing projects in 2012, including in iron ore, copper, coal and fertilizers, with the rest of the programmed budget to go towards research and development and maintaining existing projects.

"We could now have some small additional projects investments," said capital projects director Ghalib Chaim on the call.

Current investments including in the 40 million metric tons a year iron-ore mine-capacity expansion in Carajas, the offshore port in Sao Luis, Brazil, copper mine Salobo which is due to start up next month, the start of coal production in Mozambique, a railroad construction in Malawi and the stockyard center in Malaysia are all "going very well," Chaim said.

Ferrous and strategies executive director Jose Carlos Martins added Vale expects to be able to command higher prices for its iron ore because of the Malaysia stockyard, which will facilitate and speed sales of the steelmaking ingredient to Asian customers. China is currently Vale's biggest iron ore customer, having taken 47.2% of its iron ore in the first quarter.

'We're far from the market," Martins said. The stockyard, which may house around 2 million metric tons of iron ore, allows Vale to postpone sales and sell closer to the market, he said. "We expect to get a better price realization as we move closer to the market," he said.

-By Diana Kinch, Dow Jones Newswires; 55 21 2586 6086; diana.kinch@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on VALE SA
08/19 VALE : on the Conversion of the Remaining Preferred Shares
08/18 VALE : 08/18/2017 Vale on the conversion of the remaining preferred shares
08/17 VALE : African Rainbow Minerals - Voluntary Announcement, Disposal of ARM's indi..
08/15 VALE : 08/14/2017 Vale on the conclusion of the corporate restructuring
08/12 VALE : 08/12/2017 Vale announces the results of the voluntary conversion of its ..
08/10 VALE : Concludes the Sale of Vessels to Bocomm
08/08 VALE : Informs on the Last Days for the Voluntary Conversion of Preferred Shares..
08/04 VALE : Informs on the Treatment of Financial Instruments Given by the Brazilian ..
07/28 VALE : Updates on Potential Resumption of Samarco's Operation
07/27 VALE : 07/27/2017 Vale updates on potential resumption of Samarco’s operat..
More news
News from SeekingAlpha
08/18 Brazil to swap environmental fines for recovery works, benefiting Petrobras
08/15 BARGAIN HUNTER : Real Time Trade Ideas On Stocks Around The Globe.
08/14 Vale considers speeding listing in strictest Brazil market
08/11 Vale investors approve share conversion plan
08/10 Vale sells two large ore carriers for $178M
Financials ($)
Sales 2017 33 323 M
EBIT 2017 11 966 M
Net income 2017 7 210 M
Debt 2017 19 330 M
Yield 2017 5,77%
P/E ratio 2017 6,84
P/E ratio 2018 7,75
EV / Sales 2017 2,16x
EV / Sales 2018 2,09x
Capitalization 52 514 M
Duration : Period :
Vale SA Technical Analysis Chart | VALE5 | BRVALEACNPA3 | 4-Traders
Technical analysis trends VALE SA
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 10,7 $
Spread / Average Target 15%
EPS Revisions
Fábio Schvartsman Chief Executive Officer
Gueitiro Matsuo Genso Chairman
Luciano Siani Pires Chief Financial Officer
Oscar Augusto de Camargo Filho Director
Eduardo de Salles Bartolomeo Director
Sector and Competitors
1st jan.Capitalization (M$)
VALE SA29.83%52 514
NMDC LIMITED-2.27%5 955
KUMBA IRON ORE LTD.16.56%4 639
FERREXPO PLC104.39%2 081