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's Vale Sells Stake In Cadam; Exits Kaolin Business

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/08/2012 | 12:04am CEST

Brazilian mining company Vale SA (VALE, VALE5.BR) said Monday it has sold its 61.5% stake in kaolin producer Cadam SA to KaMin LLC, a privately owned U.S. company, for $30.1 million.

The sale marks Vale's exit from the kaolin business, as part of a move to optimize its assets portfolio, the company said in a statement.

Cadam is a kaolin producer that operates an open-pit mine in the state of Amapa, and a processing plant and a private port, in the state of Para, all in north Brazil. The mine and the plant are linked via a 5.8-kilometer pipeline.

Kaolin, a type of clay, is an industrial mineral used in production of ceramics, refractory bricks, pigments and coatings.

Vale, which also sold kaolin producer Para Pigmentos SA in 2010, said it will receive payment for the sale of its controlling stake in Cadam over five years.

Vale in recent years has increased investments in metals including nickel, copper and coal, as well as in the logistics and energy areas, diversifying from iron ore, which still forms the major part of its business.

-By Diana Kinch, Dow Jones Newswires, 55 21 7564 4495 diana.kinch@dowjones.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
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
Chart VALE SA
Duration : Period :
Vale SA Technical Analysis Chart | VALE5 | BRVALEACNPA3 | 4-Traders
Technical analysis trends VALE SA
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 10,7 $
Spread / Average Target 15%
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 SA31.69%52 514
FORTESCUE METALS GROUP LIMITED-5.77%13 502
NMDC LIMITED-0.57%5 955
KUMBA IRON ORE LTD.16.56%4 639
FERREXPO PLC104.39%2 081
LABRADOR IRON ORE ROYALTY CORPORATION-0.54%944