Brazilian Mining Vale SA (NYSE:VALE) has signed a Memorandum of Understanding (MOU) with Beijing Iron Ore Trading Corporation (COREX), showing its interest to launch iron ore spot trading on WeChat. The first joint action will be launching a Yuan-priced platform in early next year to facilitate transactions. Vale launch e-trading of iron ore on WeChat […]
Vale SA
Vale SA (ADR) (NYSE:VALE) Is Letting Go CEO
Vale SA (ADR) (NYSE:VALE) decided not to renew the contract of current CEO, Roger Agnelli, after it expires in May, and that’s according to Brazil’s Energy Minister Fernando Coelho Filho. According to media reports, President Dilma Rousseff’s government has asked a key Vale shareholder to help replace Agnelli, after years of criticism by politicians that […]
Vale SA (ADR)(NYSE:VALE) Intensifies CEO Search
Vale SA (ADR)(NYSE:VALE) has stepped up the quest for a new CEO as Murilo Ferreira reported his departure, indicating measures by some top shareholders to protect the world’s number 1 iron producer firm from political interference. The buzz Earlier Vale reported Ferreira will step down from his CEO role after his term expires in May. […]
Dividend minimized for Vale SA (NYSE:VALE)
Vale SA (NYSE:VALE) is a company based out of Brazil and it deals in metals and mining. The services that the company offers are divided into 4 different segments. The Bulk Material segment which includes the extraction of iron-ore, ferroalloys and manganese; pellet production is also a part of this segment. Next up is the Basic […]
