Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

VALE SA (VALE5)
Mes dernières consult.
Most popular
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
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
0
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; [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on VALE SA
10/19 VALE : 10/19/2017 Vale's Production in 3Q17
10/19 VALE : Notice to Shareholders
10/19 VALE : 10/18/2017 Notice to Shareholders
10/17 Rio Tinto iron ore shipments climb on rail upgrade, on track for annual targe..
10/05 VALE : Informs Increase of Relevant Shareholding Ownership
10/05 VALE : Clarifies on Documentation Required for Shareholders' Meetings
10/05 VALE : 10/04/2017 Vale clarifies on documentation required for Shareholders&rsqu..
10/05 VALE : 10/04/2017 Vale informs increase of relevant shareholding ownership
10/03 VALE : Announces Dates for Reporting of 3Q17 Performance
10/02 VALE : 10/02/2017 Vale announces dates for reporting of 3Q17 performance
More news
News from SeekingAlpha
10/23 CLIFFS : Don't Give Up
10/19 Vale tallies record quarterly iron ore production in Q3
10/17 FT : Vale in talks to sell stake in New Caledonia nickel operations
10/17 Mosaic moves lower as RBC cites uncertainty on outlook, Irma damage
10/16 NO-BRAINER : Vale
Financials ($)
Sales 2017 31 973 M
EBIT 2017 11 011 M
Net income 2017 5 954 M
Debt 2017 19 016 M
Yield 2017 3,74%
P/E ratio 2017 5,93
P/E ratio 2018 7,02
EV / Sales 2017 2,30x
EV / Sales 2018 2,27x
Capitalization 54 534 M
Chart VALE SA
Duration : Period :
Vale SA Technical Analysis Chart | VALE5 | BRVALEACNPA3 | 4-Traders
Technical analysis trends VALE SA
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 11,2 $
Spread / Average Target 16%
EPS Revisions
Managers
NameTitle
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 SA35.86%54 534
FORTESCUE METALS GROUP LIMITED-16.30%12 095
KUMBA IRON ORE LTD.66.52%6 362
NMDC LIMITED-0.65%5 940
FERREXPO PLC102.90%2 113
LABRADOR IRON ORE ROYALTY CORPORATION11.31%1 053