CVRD steigert Gewinn im vierten Quartal um 73 Prozent - 500 Beiträge pro Seite | Diskussion im Forum

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Die brasilianische Companhia Vale do Rio Doce (CVRD) (ISIN US2044121000/ WKN 907799), der weltgrößte Eisenerzförderer, meldete am Montag, dass sie ihren Gewinn im vierten Quartal um 73 Prozent steigern konnte, womit die Erwartungen der Analysten übertroffen wurden. CVRD profitierte dabei sowohl von höheren Eisenerzpreisen als auch von stärkeren Umsätzen.

Demnach lag der Nettogewinn bei 2,6 Mrd. Brasilianischen Real (BRL), nach 1,5 Mrd. BRL im Vorjahr. Im Gesamtjahr wurde damit ein Rekord-Überschuss von 10,4 Mrd. BRL (Vorjahr: 6,5 Mrd. BRL) erzielt. Das EBITDA erhöhte sich im Schlussquartal von 3,0 Mrd. BRL auf 4,2 Mrd. BRL. Analysten waren im Vorfeld von einem Nettogewinn von 2,5 Mrd. BRL und einem EBITDA von 4,0 Mrd. BRL ausgegangen. Der Umsatz kletterte von 7,4 Mrd. BRL auf 8,9 Mrd. BRL.

Die Aktie von CVRD schloss gestern an der NYSE bei 46,56 Dollar und gewann nachbörslich 1,27 Prozent auf 47,15 Dollar.

Wertpapiere des Artikels:
COMPANHIA VALE DO RIO DOCE


Autor: SmartHouseMedia (© wallstreet:online AG / SmartHouse Media GmbH),10:47 07.03.2006

[mickefett]

Der gesamte Bericht ist wesentlich umfangreicher. Für diejenigen, die der englischen Sprache mächtig sind, hier ein Link auf den vollständigen Bericht im PDF-Format:

http://www.cvrd.com.br/cvrd_us/media/cvrd_usgaap_4t05i.pdf

Viel Spaß bei der Lekture

Gruß Mickefett

[mickefett]

Meeting the Markets

Rio de Janeiro, March 08, 2006 - Companhia Vale do Rio Doce (CVRD) and the Association of Analysts and Investment Professionals of the Capital Markets – São Paulo (Associação dos Analistas e Profissionais de Investimento do Mercado de Capitais – São Paulo (APIMEC SP)) will host an analysts and investors meeting on Wednesday, March 15, 2006.

CVRD will host a breakfast at the Unique Hotel (4,700 Brigadeiro Faria Lima Avenue, Samoa conference room, Jardim Paulista, São Paulo, Brazil) at 8:30 a.m. Rio de Janeiro time. The meeting will start at 9:00 a.m. Rio de Janeiro time (7:00 a.m. New York time, 12:00 p.m. London time) and will be transmitted live via video webcast through the website www.cvrd.com.br.

Further information will be available on CVRD’s website 48 hours prior to the meeting.

[mickefett]

Auch, wenn der zu Grunde liegende Bericht bei uns noch nicht diskutiert wurde. Hier sind ein paar Hinweise, wo sich CVRD im industriellen Sektor demnächst engagieren könnte:


CVRD clarifies Valor Economico report on March 8th







3/8/2006
Concerning the story headlined "CVRD eyes US$ 10 bln steel project in Espírito Santo" in today`s edition of Valor Econômico financial daily, written by journalists Chico Santos and Vera Saavedra Durão, Companhia Vale do Rio Doce (CVRD) informs that:

1) CVRD has been developing studies with the objective of fueling growth, in Brazilian territory, of steel, copper, aluminum and logistics activities, having our clients as partners whenever it is possible;

2) These studies, still in preliminary stage, evaluate several opportunities in the states of Minas Gerais, Pará, Maranhão, Rio de Janeiro, Espírito Santo and Mato Grosso do Sul;

3) Concerning the project in Espírito Santo state, CVRD informs that the newspaper had access, from an unknown source, to a study which is still in preliminary stage. There is nothing conclusive, credible and concrete;

4) CVRD reaffirms its commitment to the development and strengthening of the national steel sector. It also reaffirms that its participation in these projects, if approved following deep and comparative studies, will always take place as a minority shareholder, with the objective of creating value to our clients.

Rio, March 8th 2006
CVRD - Companhia Vale do Rio Doce
Fernando Thompson - Media Relations Manager
Tel: [phone]

[ballard1]

Dividendenzahlung ist am 13.04.
Jemand ne Ahnung wasses gibt?
Fühl mich aktuell bei Petrobras und CVRD aufgrund der Bewertung bestens aufgehoben

[mickefett]

Antwort auf Beitrag Nr.: 21.013.313 von ballard1 am 30.03.06 17:19:35

Das unten sind die einzigen Veröffentlichungen, die etwas über die Dividende sagen. Mein Verständnis ist, daß sie am 12.4. festgelegt wird und wohl einen Gesamtbetrag von 2x 650Mio US$ beträgt, jeweils am 28.4. und am 21.10. zur Auszahlung kommen mit US$1.069367781, sowohl für Stamm- und Vorzugsaktien.

Schön ist aber auch, daß ein Aktiensplit 1:1 durchgeführt werden soll.


CVRD minimum dividend

Rio de Janeiro, March 23, 2006 – Companhia Vale do Rio Doce (CVRD) informs that its Board of Directors authorized CVRD Executive Board to decide on April 12, 2006 about the first installment of the Company’s minimum dividend, in the amount of US$ 650 million, as publicly announced on January 26, 2006.

According to CVRD’s dividend policy, the payment will be made in Brazilian Reais based on the Brazilian Real/US dollar exchange rate (Ptax – option 5) published by the Central Bank of Brazil on the business day prior to the meeting that will approve the dividend distribution.



CVRD announces proposal for 2006 minimum dividend: US$ 1.3 billion

Rio de Janeiro, January 26, 2006 - Companhia Vale do Rio Doce (CVRD) announces that its Senior Management have approved and will submit to the Board of Directors a proposal for payment of a minimum dividend of US$ 1.3 billion to shareholders for the year 2006. The payment will be made in two equal installments, on April 28 and October 31, 2006. Considering the issuance of new preferred (PNA) shares which will be issued for the completion of the stock merger with Caemi, as publicly announced on January 23, 2006, the dividend per outstanding share will be US$1.069367781, for both common and preferred shares.

Payments will be made in Brazilian Reais, calculated on the basis of the Brazilian Real/US dollar exchange rate (Ptax–Option 5) published by the Central Bank of Brazil on the business day prior to the Board of Directors meeting that approves the minimum dividend proposal.

The dividend proposed, reconciles the capex budget of US$ 4.6 billion for 2006, focused on the promotion of profitable growth and value creation, with payment of an excellent remuneration to shareholders – 23% higher than the minimum dividend per share announced for 2005 – and the maintenance of a healthy balance sheet.

In the last five years CVRD has invested US$ 10.5 billion, and distributed dividends in the amount of US$ 4.4 billion, successfully taking advantage of the opportunities for growth while simultaneously satisfying the aspirations of its shareholders. At the same time, CVRD’s financial solidity has been recognized by its obtaining the investment grade rating from three of the world's most important rating agencies (Standard & Poor’s, Moody’s and Dominion Bond Rating Services), and by the reduction of spreads on its bond yields in relation to U.S. Treasury securities.

From 2001 to 2005, the total return to CVRD's shareholders was 41.7% per year, reflecting the shareholder value creation that is incorporated into the execution of the Company’s financial and business strategy. CVRD's policy for shareholder remuneration, which has resulted in an average dividend yield of 5.3% over these years, is an integral part of the Company’s process of generating value.


Gruß Mickefett

[ballard1]

Antwort auf Beitrag Nr.: 21.028.402 von mickefett am 31.03.06 14:51:02

Gute Info, Splitt ist ja nett, aber ne geteilte Div--Zahlung, toll

[ballard1]

Aktuell kennt CVRD wirklich kein halten mehr.
Und das Beste, die Aktie ist nachwievor günstig und bietet eine ansehnliche Rendite. Solange China und Indien Rohstoffe verbrauchen wird es so weitergehen

[gueli1]

Aktiensplitt kommt!


Companhia Vale Do Rio Doce Ordinary and Extraordinary General Shareholders Meeting



RIO DE JANEIRO, Brazil, April 3 /PRNewswire-FirstCall/ -- The shareholders are hereby invited to attend the General Shareholders Meetings (Ordinary and Extraordinary), to be held on April 27, 2006, at 4:30 p.m., at Avenida Graca Aranha n. 26 degrees, 19th floor, Rio de Janeiro, to decide on the following matters set forth in the Agenda:

I. ORDINARY GENERAL SHAREHOLDERS MEETING:

a. Appreciation of the managements' report and analysis, discussion and
vote on the financial statements for the fiscal year ending December
on 31, 2005;

b. Proposal for the destination of profits of the said fiscal year and
approval of the investment budget for the Company, according to the
provisions set forth in article 196 of Law number 6404/76;

c. Appointment of the members of the Fiscal Council; and

d. Establishment of the remuneration of the Senior Management and
Fiscal Council members.

II. EXTRAORDINARY GENERAL SHAREHOLDERS MEETING:

1. Proposal for a forward split, by which each and every current share
issued by CVRD, both common and preferred class A, shall become two
shares of the same type and class, as the case may be, and the
consequent change of article 5 and 6 of the Company's By-laws;

2. proposal to modify the Company's By-laws, related to Section II and
Subsection IV of Chapter IV, in relation to the Advisory Committees,
in the following terms:

a) change of the heading of article 15 in order to modify the
expression "Committee of Governance and Ethics" to "Committee of
Governance and Sustainability";

b) amendment to article 16 so as to include the advisory to the
Board of Directors regarding the follow-up of the Company's
activities amongst the attributions of the Committees;

c) add item IV to article 21 in order to include the issuance of
statements relating to health and security policies as an
attribution of the Executive Development Committee, and
consequently, the exclusion of such responsibility from the
Committee of Governance and Ethics, as envisaged under article
25, item III; and

d) alteration of the heading of article 25 to substitute the word
"Ethics" for "Sustainability".

3. Consolidation of the amendments to CVRD's By-laws, as approved in
the Extraordinary General Shareholders' Meetings held on August 18,
2004, April 24,2005 and July 19, 2005, as well as the alterations
referred to in items 1 and 2 above, if such modifications are
approved.

[mickefett]

So, die Dividende wird ab 28.4. mit 0,53 US$ ausgezahlt. Der selbe Betrag noch einmal am 31.10.2006:

CVRD 2006 minimum dividend







4/13/2006
Rio de Janeiro, April 12, 2006 - Companhia Vale do Rio Doce (CVRD) informs that it approved today the payment of the first installment o the 2006 minimum dividend to shareholders, US$ 650 million, equivalent to US$ 0.534683891 per outstanding common or preferred class A share, to be made from April 28 onwards.

CVRD´s Senior Management proposal for the minimum dividend to be paid to its shareholders in 2006, publicly disclosed on January 26, 2006, established a minimum amount for the year of US$ 1.3 billion or US$ 1.069367781 per outstanding common or preferred class A share, to be paid in two equal installments, on April 28 and October 31, 2006. The minimum dividend was proposed in accordance with CVRD´s Dividend Policy, and took into account the issuance of new preferred class A (PNA) shares for the completion of the stock merger with Caemi Mineração e Metalurgia S.A. (Caemi), as approved at the Extraordinary General Shareholders Meeting held on March 31, 2006. The new CVRD PNA shares will be exchanged for Caemi preferred shares from May 4, 2006, onwards.

Form of payment

The first installment of the minimum dividend will be paid according to the following terms:

1. Distribution of R$ 1,392,300,000.00 equivalent to R$ 1.145292894 per outstanding common or preferred class A share. From this amount, R$ 809,800,000.00 equivalent to R$ 0.666133869 per outstanding preferred class A or common share, will be paid in the form of interest on shareholders´ equity, and R$ 582,500,000.00, equivalent to R$ 0.479159025 per outstanding preferred or common share, in the form of dividends.

The values were obtained from the conversion of the US dollar amount into Brazilian reais using the exchange rate for the sale of US dollar (Ptax - option 5 code), as informed by the Central Bank of Brazil on April 11, 2006, of R$ 2.1420 per US dollar, as announced on January 26, 2006.

2. The payment will take place from April 28, 2006, onwards. The distribution is subject to withholding income tax in accordance with the applicable Brazilian law.

3. The record date for CVRD shares traded on the São Paulo Stock Exchange, BOVESPA, is April 12, 2006. For the Company's American Depositary Receipts (ADRs) traded on the New York Stock Exchange, NYSE, the record date will be April 18, 2006. All shareholders on these respective record dates will have the right to the dividend payment.

4. CVRD shares will trade ex-dividend in both markets from tomorrow, April 13, 2006.


Holders of Caemi´s preferred shares

The holders of Caemi preferred shares on the record date, April 12, 2006, traded on the BOVESPA under the ticker symbol CMET4, will have the right to receive the above-mentioned payment, considering the exchange ratio of 0.04115 CVRD preferred class A share per Caemi preferred share. Therefore, these investors will receive R$ 0.027411409 per share in the form interest on shareholders´ equity and R$ 0.019717394 per share in the form of dividends.


For further information, please contact:
Roberto Castello Branco: [e-mail] [phone]
Alessandra Gadelha: [e-mail] [phone]
Barbara Geluda: [e-mail] [phone]
Daniela Tinoco: [e-mail] [phone]
Fabio Lima: [e-mail] [phone]
Pedro Gibbon: [e-mail] [phone]

[mickefett]

Ab Freitag sollte die Dividende eintrudeln: US$ 0.534683891/Aktie.

[mickefett]

Bekanntgabe der Ergebnisse für das 1.Quartal 2006 ist am 10.5.2006 nach Börsenschluß (wahrscheinlich dem in Brasilien):

CVRD 1Q06 earnings release

Rio de Janeiro, April 26, 2006 – Companhia Vale do Rio Doce (CVRD) will release its first quarter 2006 earnings on Wednesday, May 10, 2006 after market close. CVRD will release simultaneously consolidated financial statements in US GAAP (generally accepted accounting principles in the United States) and BR GAAP (generally accepted accounting principles in Brazil).

CVRD will host a conference call and webcast on Friday, May 12, 12:00 p.m. Rio de Janeiro, Brazil time, 11:00 a.m. United States Eastern Standard Time and 4:00 p.m. British Standard Time. Click here to access the instructions.

[mickefett]

Ein Aktiensplit 1:2 ist zum 22.5.2006 vorgesehen:

CVRD announces forward stock split

Rio de Janeiro, April 27, 2006 – Companhia Vale do Rio Doce (CVRD) informs that the forward stock split proposal was approved today at the Extraordinary General Shareholders´ Meeting. After giving effect to the stock split, CVRD´s capital will be composed of 2,459,657,056 shares, with 1,499,898,858 common shares and 959,758,198 preferred class “A” shares.

Starting on May 22, 2006, each share of the Company traded in the São Paulo Stock Exchange (Bovespa) will undergo a forward stock split into two shares. Hence, each current share, both common (VALE3) and preferred (VALE5) will be represented by two shares post-split. On May 25, 2006, the distribution of new shares as a result of the split will take place, in the proportion of one additional shares issued per each existing share, for the shareholders on record as of May 19, 2006 (record date in Brazil).

Starting on June 7, 2006, each American Depositary Receipt (ADR) representing common shares (RIO) or preferred shares (RIOPR) of the Company listed on the New York Stock Exchange (NYSE) will also undergo a forward split. Furthermore, also on June 7, the distribution of new ADRs, in the proportion of one additional ADRs issued per existing ADR, will be finalized, for ADR holders of record as of May 24, 2006 (record date in the US). As a result, the proportion of one ADR to one underlying common or preferred share will be maintained.

Due to operational reasons, between May 22 and June 6, 2006, the shares listed on the Bovespa will be traded post-split whereas the ADRs listed on the NYSE will be traded pre-split.

JP Morgan, CVRD´s depositary bank in the US, will not execute issuances and/or cancellations of ADRs between May 24 and June 9, 2006. The trading of CVRD´s ADRs on the NYSE will occur normally.

The forward stock split being executed by CVRD aims to reposition its share prices after substantial appreciation of 181% in US dollars between August 19, 2004, when the last CVRD´s forward stock split took place, and April 25, 2006. At the same time it facilitates trading by retail investors.







For further information, please contact:
Roberto Castello Branco: [e-mail] [phone]
Alessandra Gadelha: [e-mail] [phone]
Barbara Geluda: [e-mail] [phone]
Daniela Tinoco: [e-mail] [phone]
Fábio Lima: [e-mail] [phone]
Pedro Gibbon: [e-mail] [phone]


This press release may contain statements that express management’s expectations about future events or results rather than historical facts. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected in forward-looking statements, and CVRD cannot give assurance that such statements will prove correct. These risks and uncertainties include factors: relating to the Brazilian economy and securities markets, which exhibit volatility and can be adversely affected by developments in other countries; relating to the iron ore business and its dependence on the global steel industry, which is cyclical in nature; and relating to the highly competitive industries in which CVRD operates. For additional information on factors that could cause CVRD’s actual results to differ from expectations reflected in forward-looking statements, please see CVRD’s reports filed with the Comissão de Valores Mobiliários and the U.S. Securities and Exchange.

[ballard1]

cool, stimmt ja, Splitt hab ich ganz vergessen

[elarmando]

Hat jemand von euch die Dividendenzahlung schon erhalten? Ich noch nicht.

[ballard1]

Antwort auf Beitrag Nr.: 21.484.184 von elarmando am 09.05.06 09:00:11

am 28.04.06

[mickefett]

Antwort auf Beitrag Nr.: 21.484.617 von ballard1 am 09.05.06 09:23:31

ab 28.4.06

[ballard1]

ATH

[raufraufrauf]

Consors hat das Geld bereits am 09.Mai gutgeschrieben.

[mickefett]

Die Preiserhöhung von 19% für Eisenerz ist mit den Chinesen jetzt auch perfekt.

[mickefett]

Da haben sie mit dem 45,5% Anteil an Valesul von BHP Billiton jetzt ihren Besitz an dieser Firma auf 100% erhöht. Aber 58Mio$ Umsatz sind für CVRD das selbe wie für Kopper von der Deutschen Bank:



Investor Relations > Press Releases > 2006




CVRD acquires 45.5% of Valesul

Rio de Janeiro, July 3, 2006 – Companhia Vale do Rio Doce (CVRD) informs that it acquired 45.5% of Valesul Alumínio S.A. (Valesul), an aluminum smelter located in the state of Rio de Janeiro, Brazil, for US$ 27.5 million.

Pursuant to Valesul’s shareholders’ agreement, CVRD exercised its right of first refusal and bought the stake of its partner, BHP Billiton Metais. As a result of this acquisition, it owns now 100% of Valesul. Hence, CVRD will start consolidating Valesul under US GAAP (general accepted accounting principles in the United States of America) financial reporting in the third quarter this year.

Valesul has a nominal capacity of 95,000 tons per year of primary aluminum and aluminum alloys in the form of ingots and billets. The company also recycles aluminum scrap for clients, with a nominal capacity of 25,000 tons per year.

In the first quarter of 2006, Valesul had net revenues of US$ 58 million and EBITDA (earnings before interest, taxes, depreciation and amortization) of US$ 8 million. Valesul had gross debt equal to zero as of March 31, 2006.

Valesul supplies 40% of its annual power consumption, which is generated by four wholly owned small hydroelectric power plants and a take related to its stake in Machadinho hydroelectric power plant, located in the Pelotas river, in the state of Santa Catarina, Brazil.

The acquisition of Valesul is aligned with CVRD’s strategy for the aluminum business of focusing on organic growth in the upstream of the value chain and strategic partnership in smelters.







For further information, please contact:
Roberto Castello Branco: [e-mail] [phone]
Alessandra Gadelha: [e-mail] [phone]
Daniela Tinoco: [e-mail] [phone]
Fábio Lima: [e-mail] [phone]
Marcelo Silva Braga: [e-mail] [phone]


This press release may contain statements that express management’s expectations about future events or results rather than historical facts. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected in forward-looking statements, and CVRD cannot give assurance that such statements will prove correct. These risks and uncertainties include factors: relating to the Brazilian economy and securities markets, which exhibit volatility and can be adversely affected by developments in other countries; relating to the iron ore business and its dependence on the global steel industry, which is cyclical in nature; and relating to the highly competitive industries in which CVRD operates. For additional information on factors that could cause CVRD’s actual results to differ from expectations reflected in forward-looking statements, please see CVRD’s reports filed with the Comissão de Valores Mobiliários and the U.S. Securities and Exchange.

[ballard1]

tolles Timing, Bovespa legt den Vorwärtsgang ein und CVRD ist im Bieterkampf betreffs INCA. Denke mal sobald es so oder so entschieden ist nimmt CVRD wieder Fahrt auf

[mickefett]

http://www.cvrd.com.br/cvrd_us/media/TABELAS_brgaap_2T06i.xl…

Hier gibt es Zahlen zum 2.Quartal 2006.

[mickefett]

Neuigkeiten: 2 Langfristverträge über Eisenerzlieferungen von 4,2 Mio. t und 7,3 Mio t jährlich. Beide Verträge sehen Erweiterungen vor. Laufzeiten bis 2031 bzw. bis 2013. Das sind fast 20% der aktuellen Jahresproduktion an Eisenerz bei CVRD, deren Absatz hier gesichert wird.

CVRD signs long-term contracts with Chinese steelmakers




CVRD signs long-term contracts with Chinese
steelmakers





Rio de Janeiro, September 21, 2006 – Companhia
Vale do Rio Doce (CVRD) announces that two long-term contracts to sell
iron ore to major Chinese steelmakers were signed during the visit of its
Chief Executive Officer, Mr. Roger Agnelli, to China.



CVRD has extended its long-term contract
with Beitai Iron & Steel (Beitai), involving shipments of 4.2 million
tons of iron ore per year, up to 2031 – in line with Beitai’s new long-term
Contract of Affreightment (COA). This contract has the longest duration
amongst all contracts ever signed by CVRD with its Chinese clients. The
volume under such contract with Beitai may be increased up to 7.2 million
tons per year from 2009 onwards.





A new long-term contract was signed with
Maanshan Iron & Steel (Maanshan), involving iron ore shipments of 7.3
million tons per year from 2007 to 2013. The volume under such contract
with Maanshan may be increased to 8.3 million tons per year from 2009 onwards.
In terms of annual volume, this is the second largest contract ever signed
by CVRD with its Chinese customers.





In addition to these contracts, the Company
has signed a Strategic Alliance Agreement with Shougang Iron & Steel
Group (Shougang). This document confirms the mutual intentions of CVRD
and Shougang to enhance their commercial relationship while developing
partnerships in mining and steel, studies about logistics, coal, manganese
and ferroalloys, and technical cooperation in steelmaking, environmental
protection and work safety projects.





These events contribute to strengthen even
further the already excellent relationship of CVRD with its Chinese clients.













For further information,
please contact:

Roberto Castello Branco: [e-mail]
[phone]

Alessandra Gadelha: [e-mail]
[phone]

Daniela Tinoco: [e-mail]
[phone]

Marcelo Silva Braga: [e-mail]
[phone]

Theo Penedo: [e-mail]
[phone]

Virgínia Monteiro: [e-mail]
[phone]

[mickefett]

CVRD announces a joint venture in China






Rio de Janeiro, September 28, 2006 – Companhia
Vale do Rio Doce (CVRD) announces that it has signed a partnership to build
a new pelletizing plant in China, being the Company’s first investment
in iron ore business in China.



CVRD, through its subsidiary Minerações Brasileiras
Reunidas S.A. (MBR), will have a 25% stake in the joint venture Zhuhai
YPM (ZYPM), owner of a new pelletizing plant in Zhuhai, Guandong, China,
with nominal capacity of 1.2 million tons per year and expected start-up
in 2008. The other partners in this joint venture are Zhuhai Yueyufeng
Iron and Steel Co Ltd. (YYF) with 40% and Pioneer Iron & Steel Group
Co. Ltd. (PSG) with 35%.



CVRD’s investment in this project will be
four million US dollars and the Company will supply at least 70% of the
iron ore used to feed the pelletizing plant, through a 30-year contract.



The above initiative illustrates CVRD’s
strategy to support the development of the steel industry in China, especially
in the field of pelletizing in which CVRD is already a global market leader.



The pellet feed produced by CVRD and its
subsidiary MBR has extremely good fit with local iron ore produced in China.
The several pelletizing plants being built in China to support their extraordinary
growth in steel production are bringing additional source of demand for
CVRD's iron ore.







For further information,
please contact:

Roberto Castello Branco: [e-mail]
[phone]

Alessandra Gadelha: [e-mail]
[phone]

Daniela Tinoco: [e-mail]
[phone]

Marcelo Silva Braga: [e-mail]
[phone]

Theo Penedo: [e-mail]
[phone]

Virgínia Monteiro: [e-mail]
[phone]








This press release may contain
statements that express management’s expectations about future events
or results rather than historical facts. These forward-looking statements
involve risks and uncertainties that could cause actual results to differ
materially from those projected in forward-looking statements, and CVRD
cannot give assurance that such statements will prove correct. These risks
and uncertainties include factors: relating to the Brazilian economy and
securities markets, which exhibit volatility and can be adversely affected
by developments in other countries; relating to the iron ore business and
its dependence on the global steel industry, which is cyclical in nature;
and relating to the highly competitive industries in which CVRD operates.
For additional information on factors that could cause CVRD’s actual results
to differ from expectations reflected in forward-looking statements, please
see CVRD’s reports filed with the Brazilian Comissão de Valores Mobiliários
and the U.S. Securities and Exchange Commission.

[jensdab]

Hier ein automatische Übersetzung (google):

Bergbau riesiges CVRD Brasiliens, zum des joint-venture Stahlwerkes zu gründen (Xinhua)

Aktualisiert: 2006-09-29 14:45

Der Brasilianer, der riesiges Compania Vale gewinnt, tun Rio Doce (CVRD) in einer gesagten Donnerstag Aussage, daß sie einen Vertrag geschlossen hat, einen neuen Stahltablette Betrieb in China zu errichten.

CVRD, durch sein TochterMineracoes Brasileiras Reunidas S.A., hat eine 25-Prozent-Stange in einem Joint-venture (JV) benanntes Zhuhai YPM, der den neuen Betrieb in Zhuhai, südliche Provinz Guangdong Chinas laufen läßt, entsprechend der Aussage, die durch das brasilianische Unternehmen freigegeben wird.

Mit einer geplanten Kapazität einer jährlichen Produktion von 1.2 Million Tonnen, wird der Betrieb erwartet, Betriebe 2008 anzufangen.

Chinesische Partner CVRDS schließen Zhuhai Yueyufeng Eisen-und Stahl-Co Ltd. und Pioniereisen-u. Stahl-Gruppe Co. Ltd. mit ein, die die 40-Prozent- und 35 Prozent-Stangen im JV beziehungsweise halten.

Unter einem 30-Jahrevertrag investiert CVRD 4 Million USdollar und Versorgungsmaterial mindestens 70 Prozent der Iron-oreviehbestände des Betriebes.

CVRD sagte, daß das Abkommen ein Teil der Strategie der Firma ist, zum der Entwicklung der Stahlindustrie in China, besonders in auffangene des Pelletisierens zu stützen, in dem CVRD ein globaler Marktführer ist.

Die Firma ist hinsichtlich des JV, sagen seiner Tablette Zufuhrsitze gut mit dem lokalen Iron-ore überzeugt, der in China produziert wird.
Er addierte, daß einige andere Pelletisierenbetriebe in China errichtet werden, das auch die mögliche Nachfrage für Iron-ore CVRDS erhöhte.

[mickefett]

Die Fusion mit Inco bekommt grünes Licht der Europäischen Kommission

CVRD obtains clearance from European Commission


Rio de Janeiro, October 5, 2006 – Companhia
Vale do Rio Doce (CVRD) announces that it has obtained an unconditional
clearance from the European Commission under the EC Merger Regulation with
respect to its offer to acquire all of the outstanding common shares of
Inco Limited (Inco).


The expiry date of CVRD’s offer to purchase
all of the outstanding common shares of Inco at a price of C$86.00 in cash
per share is October 16, 2006, Monday, at 8:00 p.m. (Toronto time).


IMPORTANT INFORMATION



This press release may be deemed
to be solicitation material in respect of CVRD’s proposed tender offer
for the shares of Inco. On August 14, CVRD filed a tender offer statement
on Schedule TO (containing an offer to purchase and a takeover bid circular)
with the United States Securities and Exchange Commission (“SEC”). CVRD,
if required, will file other documents regarding the proposed tender offer
with the SEC.



INVESTORS AND SHAREHOLDERS
ARE URGED TO READ THE TAKEOVER BID CIRCULAR, THE SCHEDULE TO AND ANY OTHER
RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC WHEN THEY BECOME
AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE OFFER
FOR COMMON SHARES OF INCO. These documents will be available without charge
on the SEC’s website at www.sec.gov.
Free copies of the documents can also be obtained by directing a request
to Kingsdale Shareholder Services Inc., The Exchange Tower, 130 King Street
West, Suite 2950, P.O.Box 361, Toronto, Ontario, M5X 1E2, by telephone
to 1-866-381-4105 (North American Toll Free) or 416-867-2272 (Overseas),
or by email to: [e-mail].

[mickefett]

CVRD 3Q06 earnings release





Rio de Janeiro, October 09, 2006 – Companhia
Vale do Rio Doce (CVRD) will release its third quarter 2006 earnings on
Wednesday, November 8, 2006 after market close. CVRD will release simultaneously
consolidated financial statements in US GAAP (generally accepted accounting
principles in the United States) and BR GAAP (generally accepted accounting
principles in Brazil).



CVRD will host a conference call and webcast
on Thursday, November 9, 12:00 p.m. Rio de Janeiro, Brazil time, 09:00
a.m. United States Eastern Standard Time and 2:00 p.m. British Standard
Time. Click
here to access the instructions.

[mickefett]

Vale inaugurates the world’s largest mine in terms of initial iron ore production capacity
On October 5 Companhia Vale do Rio Doce (CVRD) inaugurated the Brucutu Project, the largest mine/mill complex in the world in terms of initial iron ore production capacity, located in the city of São Gonçalo do Rio Abaixo, Minas Gerais.

The project will produce 12.2 million tons of iron ore per year in its initial stage. In the second stage, scheduled for 2007, 23 million tons per year should be produced. The projects nominal production capacity of 30 million tons per year should be reached in 2008.

The result of an investment of US$1.1 billion, Brucutu is the largest mine in the Minas Centrais Complex, which comprises the Gongo Soco, Água Limpa and Andrade mines. In addition to the investment in the operation, Vale also invests in initiatives that contribute to the sustainable development of the region, such as the Vale Mais Program, which mobilizes the community, private initiative, and public authority towards the identification and development of the potential of the surrounding municipalities.

Through Fundação Vale do Rio Doce (FVRD), R$ 2.1 million will be invested in social programs in the Minas Centrais region, in addition to another R$ 7.1 that CVRD directed this year to social projects.

Click here for more information on the Brucutu Mine.

Text von der CVRD-Homepage

[mickefett]

CVRD Day at NYSE






Rio de Janeiro, October 11, 2006 - Companhia
Vale do Rio Doce (CVRD) will host an analyst and investor meeting on Monday,
October 16, 2006 at the New York Stock Exchange (NYSE). The event, which
is part of the 5th annual CVRD Day at NYSE, will be transmitted live via
video webcast through the website www.cvrd.com.br, starting at 12:15 pm
United States Eastern Standard Time, 1:15 pm Rio de Janeiro Time and 5:15
pm British Standard Time.

[mickefett]

CVRD announces extension of its offer
for Inco




Rio de Janeiro, October 13, 2006 – Companhia
Vale do Rio Doce (CVRD) announces that it is extending the expiry time
of the offer to acquire all of the outstanding common shares of Inco Limited
(Inco) for C$86.00 in cash per share from 8:00 p.m. (Toronto time) on Monday,
October 16, 2006 to midnight (Toronto time) on Monday, October 23, 2006.




This extension is intended to provide additional
time to obtain a net benefit ruling under the Investment Canada Act.



All other terms and conditions of the CVRD
offer will remain unchanged.



CVRD will mail a formal notice of variation
and extension to Inco securityholders as soon as practicable. The
notice of variation and extension will also be available on the SEDAR website
at www.sedar.com and on the EDGAR website at www.sec.gov.



For purposes of the U.S. tender offer rules,
CVRD hereby discloses that as at 5:00 p.m. (Toronto time) on October 12,
2006, 22,408,850 common shares of Inco have been tendered and not withdrawn
under the CVRD offer.



IMPORTANT INFORMATION






This press release may be deemed
to be solicitation material in respect of CVRD’s proposed tender offer
for the shares of Inco. On August 14, CVRD filed a tender offer statement
on Schedule TO (containing an offer to purchase and a takeover bid circular)
with the United States Securities and Exchange Commission (“SEC”). CVRD,
if required, will file other documents regarding the proposed tender offer
with the SEC.





INVESTORS AND SHAREHOLDERS
ARE URGED TO READ THE TAKEOVER BID CIRCULAR, THE SCHEDULE TO AND ANY OTHER
RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC WHEN THEY BECOME
AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE OFFER
FOR COMMON SHARES OF INCO.
These documents will be
available without charge on the SEC’s website at www.sec.gov. Free copies
of the documents can also be obtained by directing a request to Kingsdale
Shareholder Services Inc., The Exchange Tower, 130 King Street West, Suite
2950, P.O.Box 361, Toronto, Ontario, M5X 1E2, by telephone to 1-866-381-4105
(North American Toll Free) or 416-867-2272 (Overseas), or by email to:
[e-mail].

[mickefett]

In den nächsten Tagen gibt es die restliche Dividende für 2006:

CVRD pays second tranche of 2006 dividend


Rio de Janeiro, October 19, 2006 – Companhia Vale do Rio Doce (CVRD) informs that its Board of Directors approved the payment of the second installment of the 2006 dividend to shareholders, US$ 650 million, equivalent to US$ 0.269 per outstanding common or preferred class A share. Payment to shareholders will be made from October 31, 2006 onwards as publicly disclosed on January 26, 2006.

Dividend payment

The value of the second installment in Brazilian reais is R$ 1,387,035,000.00, equivalent to R$ 0.574057909 or US$ 0.269 per outstanding common or preferred class A share, and it will be paid according to the following terms:

1. R$ 1,350,000,000.00 equivalent to R$ 0.558730080 or US$ 0.262 per outstanding preferred class A or common share, will be distributed as interest on shareholders´ equity.


2. R$ 37,035,000.00 equivalent to R$ 0.015327829, or US$ 0.007 per outstanding preferred or common share, will be distributed as dividends.


The values in Brazilian reais were obtained through the conversion of the US dollar amount into Brazilian reais using the exchange rate for the sale of the US dollar (Ptax – option 5 code), as informed by the Central Bank of Brazil on October 18, 2006, of R$ 2.1339 per US dollar, according to the procedure publicly announced on January 26, 2006.

3. The payment will take place from October 31, 2006 onwards. The distribution is subject to withholding income tax in accordance with the applicable Brazilian law.


4. The record date for CVRD shares traded on the São Paulo Stock Exchange, BOVESPA (Vale3 and Vale5), is October 19, 2006. For the Company's American Depositary Receipts (ADRs) traded on the New York Stock Exchange, NYSE (RIO and RIOPR), the record date will be October 24, 2006. All shareholders on these respective record dates will have the right to the dividend payment.


5. CVRD shares will trade ex-dividend in both stock exchanges from October 20, 2006 onwards.







For further information, please contact:
[phone]
Roberto Castello Branco: [e-mail]
Alessandra Gadelha: [e-mail]
Daniela Tinoco: [e-mail]
Marcelo Silva Braga: [e-mail]
Theo Penedo: [e-mail]
Virgínia Monteiro: [e-mail]

[mickefett]

Mit der kanadischen Regierung ist man sich über die INCO.Übernahme einig:

CVRD obtains Investment Canada Act approval


Rio de Janeiro, October 19, 2006 – Companhia Vale do Rio Doce (CVRD) announces that it has obtained approval under the Investment Canada Act, in the form of a “net benefit to Canada” ruling from the Canadian Minister of Industry, in connection with its offer to acquire all of the outstanding common shares of Inco Limited (Inco). CVRD has now received all regulatory approvals necessary to complete its all-cash offer.

Commenting on the approval, CVRD’s CEO, Mr. Roger Agnelli, said “We are delighted with this news, which confirms that the Minister of Industry is satisfied that CVRD’s acquisition of Inco will be of net benefit to Canada.” “We have always believed,” Mr. Agnelli added, “that this transaction was good for Inco and for Canada. In fact, we think it is positive for everyone involved – for CVRD, Inco shareholders, employees, suppliers and the provinces and communities in Canada where Inco carries on business. We now look forward to CVRD completing the offer.”

Creation of a Canadian-based Global Nickel Business

In order to demonstrate to the Minister of Industry that its offer will be of net benefit to Canada, CVRD has made commitments to the Minister to establish CVRD`s global nickel business (CVRD Inco) and based it in Toronto, Ontario, with responsibility for the global nickel business of CVRD and a mandate to expand its business as a global leader in the nickel industry.

In furtherance of this mandate, CVRD will transfer management responsibility for its interest in existing and future nickel projects to CVRD Inco, including its interest in the Onça Puma and Vermelho projects in Brazil. CVRD Inco’s global activities will be managed from its Toronto, Ontario head office, which will continue to exercise head office functions and activities with significant Canadian participation, including a Canadian Chief Operating Officer (COO) and a majority of its senior management. There will be no layoffs at Canadian operating facilities for at least three years, and in any event total employment at such facilities will not fall below 85% of current levels.

Acceleration of Voisey’s Bay Development Project

CVRD fully supports the Voisey’s Bay Project and endorses Inco’s obligations under the Voisey’s Bay Development Agreement. CVRD will, following completion of the offer, approach the Government of Newfoundland and Labrador to initiate discussions with respect to CVRD’s desire to accelerate the Voisey’s Bay development project, as described in the Voisey’s Bay Development Agreement, by a period of 12 to 18 months. CVRD believes such acceleration would deliver very substantial economic benefits to Newfoundland and Labrador.

Enhanced Investments in Inco’s Long-term Future

To ensure the long-term, sustained success of CVRD Inco, Canadian expenditures will be increased in a number of areas, including exploration and research and development, for a three-year period. CVRD believes such investments will strengthen CVRD Inco’s position as a leader in the global nickel mining business, and will contribute to ensuring the long-term viability of CVRD Inco’s operations in Sudbury, Ontario, and Thompson, Manitoba. CVRD Inco’s participation in CVRD is expected to provide long-term stability, growth and employment in Canada.

Social and Environmental Responsibility

CVRD is committed to the highest standards of social and environmental responsibility. These responsibilities are important aspects of CVRD’s overall business strategy, permeating CVRD’s entire operation and the whole of its relationship with society. Consistent with this approach, CVRD Inco will increase spending on apprenticeship programs for First Nations, student employment programs and employee recruitment, education, apprenticeship and training programs in Canada for a three-year period. CVRD Inco will increase spending on environmental compliance programs in Canada over that same period.

Continuing Inco’s Contributions to Communities

CVRD’s success as a global company has been supported by close relationships with the local communities where it carries on business. CVRD Inco will maintain its involvement and commitment to the growth of Ontario’s mining cluster, including its membership in the Mineral Industry Cluster Council. CVRD Inco will respect all agreements entered into with provincial governments, local governments, labour unions and aboriginal groups, including the Labrador Inuit Association and the Innu Nation, in Canada. It will also honour all commitments made with regard to the funding of educational institutions, including commitments made with respect to the Centre for Excellence in Mining Innovation at Laurentian University in Sudbury, Ontario.

The expiry time of CVRD’s offer to purchase all of the outstanding common shares of Inco at a price of C$86.00 in cash per share is midnight (Toronto time) on Monday, October 23, 2006.

IMPORTANT INFORMATION

This press release may be deemed to be solicitation material in respect of CVRD’s proposed tender offer for the shares of Inco. On August 14, CVRD filed a tender offer statement on Schedule TO (containing an offer to purchase and a takeover bid circular) with the United States Securities and Exchange Commission (“SEC”). CVRD, if required, will file other documents regarding the proposed tender offer with the SEC.

INVESTORS AND SHAREHOLDERS ARE URGED TO READ THE TAKEOVER BID CIRCULAR, THE SCHEDULE TO AND ANY OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE OFFER FOR COMMON SHARES OF INCO. These documents will be available without charge on the SEC’s website at www.sec.gov. Free copies of the documents can also be obtained by directing a request to Kingsdale Shareholder Services Inc., The Exchange Tower, 130 King Street West, Suite 2950, P.O.Box 361, Toronto, Ontario, M5X 1E2, by telephone to 1-866-381-4105 (North American Toll Free) or 416-867-2272 (Overseas), or by email to: [e-mail].



For further information, please contact:
[phone]
Roberto Castello Branco: [e-mail]
Alessandra Gadelha: [e-mail]
Daniela Tinoco: [e-mail]
Marcelo Silva Braga: [e-mail]
Theo Penedo: [e-mail]
Virgínia Monteiro: [e-mail]

[mickefett]

CVRD acquires 75.66% of Inco
Rio de Janeiro, October 24, 2006 – Companhia Vale do Rio Doce (CVRD) announces that 174,623,019 common shares of Inco Limited (Inco) including shares deposited by guaranteed delivery, representing 75.66% of the Inco common shares outstanding on a fully-diluted basis, were deposited to the offer to acquire all of the outstanding common shares of Inco for C$86.00 in cash per Inco common share as at the expiry time of the offer, midnight (Toronto time) on October 23, 2006.

All of the conditions of the offer were satisfied as at the expiry time, and CVRD has taken up all of the Inco common shares that were deposited to the offer at such time. Payment for such Inco common shares is expected to be made to the depositary, Computershare Investor Services Inc., on October 26, 2006.

CVRD now beneficially owns 174,623,019 common shares of Inco, representing 75.66% of the issued and outstanding common shares of Inco on a fully diluted basis.

In order to provide Inco security holders who have not yet accepted the offer with the opportunity to analyze and accept the offer, CVRD has extended the expiry time of the offer to midnight (Toronto time) on November 3, 2006. This extension constitutes a “subsequent offering period” under the U.S. law.

In accordance with its stated purpose of acquiring 100% of the issued and outstanding shares of Inco, CVRD intends to take steps to acquire the remaining Inco common shares.

CVRD will seek to reconstitute the Inco Board of Directors and to de-list the shares from the New York Stock Exchange as promptly and practible, and upon meeting the relevant requirements, from the Toronto Stock Exchange. CVRD also intends to cause Inco to cease to be a reporting issuer in Canada and the U.S. once the number of Inco security holders is sufficiently reduced. In addition, CVRD will seek to have Inco begin reporting as a “foreign private issuer” under the U.S. Securities Exchange Act of 1934, as amended, effective immediately.

IMPORTANT INFORMATION



This press release may be deemed to be solicitation material in respect of CVRD’s proposed tender offer for the shares of Inco. On August 14, CVRD filed a tender offer statement on Schedule TO (containing an offer to purchase and a takeover bid circular) with the United States Securities and Exchange Commission (“SEC”). CVRD, if required, will file other documents regarding the proposed tender offer with the SEC.


INVESTORS AND SHAREHOLDERS ARE URGED TO READ THE TAKEOVER BID CIRCULAR, THE SCHEDULE TO AND ANY OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE OFFER FOR COMMON SHARES OF INCO. These documents will be available without charge on the SEC’s website at www.sec.gov. Free copies of the documents can also be obtained by directing a request to Kingsdale Shareholder Services Inc., The Exchange Tower, 130 King Street West, Suite 2950, P.O.Box 361, Toronto, Ontario, M5X 1E2, by telephone to 1-866-381-4105 (North American Toll Free) or 416-867-2272 (Overseas), or by email to: [e-mail].



For further information, please contact:
[phone]
Roberto Castello Branco: [e-mail]
Alessandra Gadelha: [e-mail]
Daniela Tinoco: [e-mail]
Marcelo Silva Braga: [e-mail]
Theo Penedo: [e-mail]
Virgínia Monteiro: [e-mail]

[mickefett]

CVRD pays US$ 13.3 billion for the acquisition of Inco

Rio de Janeiro, October 26, 2006 – Companhia Vale do Rio Doce (CVRD) made today the payment of US$ 13.3 billion to the depositary agent, Computershare Investor Services Inc., for the acquisition of 174,623,019 shares of Inco Limited (Inco), representing 75.66% of its outstanding shares on a fully-diluted basis.

In accordance with its stated purpose of acquiring 100% of the outstanding shares of Inco, CVRD will take the steps to acquire the remaining 56,189,554 Inco shares.

In order to provide Inco security holders who have not yet accepted the offer with the opportunity to analyze and accept the offer, CVRD has extended the expiry time of the offer to midnight (Toronto time) on November 3, 2006. This extension constitutes a “subsequent offering period” under the U.S. law.

CVRD financial disbursement with the acquisition of 100% of Inco shares is estimated to reach US$ 17.6 billion. The Company will use US$ 2.0 billion out of its own cash holdings and will finance the remaining US$ 15.5 billion with the bridge loan supplied by a syndicate of 37 banks based in North America, Brazil, Europe, Asia and Australia. The bridge loan has a two-year tenor, with an interest rate of Libor plus 40 basis points during the first year and Libor plus 60 basis points during the second year.

Therefore, to finance the acquisition, the Company will use much less than half of the value originally offered by the bank syndicate, which amounted to US$ 34 billion.

CVRD expects to conclude several transactions to take out the bridge loan aiming to preserve its average debt maturity close to the pre-acquisition level, longer than seven years, to keep a low risk debt profile and to minimize its weighted average cost of capital in order to consolidate its excellent reputation in global financial markets.


IMPORTANT INFORMATION



This press release may be deemed to be solicitation material in respect of CVRD’s tender offer for the shares of Inco. On August 14, CVRD filed a tender offer statement on Schedule TO (containing an offer to purchase and a takeover bid circular) with the United States Securities and Exchange Commission (“SEC”). CVRD, if required, will file other documents regarding the proposed tender offer with the SEC.


INVESTORS AND SHAREHOLDERS ARE URGED TO READ THE TAKEOVER BID CIRCULAR, THE SCHEDULE TO AND ANY OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE OFFER FOR COMMON SHARES OF INCO. These documents will be available without charge on the SEC’s website at www.sec.gov. Free copies of the documents can also be obtained by directing a request to Kingsdale Shareholder Services Inc., The Exchange Tower, 130 King Street West, Suite 2950, P.O.Box 361, Toronto, Ontario, M5X 1E2, by telephone to 1-866-381-4105 (North American Toll Free) or 416-867-2272 (Overseas), or by email to: [e-mail].

[mickefett]

CVRD holds 86.57% of Inco
Rio de Janeiro, November 6, 2006 – Companhia Vale do Rio Doce (CVRD) announces that, as at the expiry time of the subsequent offering period on November 3, 2006, an additional 21,455,257 common shares of Inco Limited (Inco), including shares deposited by guaranteed delivery were deposited to the offer made by CVRD to acquire all of the outstanding common shares of Inco for C$86.00 in cash per Inco common share.

CVRD has taken up all of the Inco common shares that were deposited to the offer during such period and payment for such Inco common shares to the depositary, Computershare Investor Services Inc., is expected to be completed by no later than November 8, 2006.

Combined with the 174,623,019 Inco common shares taken up by CVRD in respect of the initial offering period that ended on October 23, 2006, CVRD now beneficially owns 196,078,276 common shares of Inco or 86.57% of the issued and outstanding common shares of Inco on a fully diluted basis.

In accordance with its stated purpose of acquiring 100% of the issued and outstanding shares of Inco, CVRD will seek to have Inco to call immediately a special meeting of shareholders of Inco to consider an amalgamation or other transaction for the purpose of enabling CVRD to acquire all of the remaining shares of Inco.

IMPORTANT INFORMATION

This press release may be deemed to be solicitation material in respect of CVRD’s proposed tender offer for the shares of Inco. On August 14, CVRD filed a tender offer statement on Schedule TO (containing an offer to purchase and a takeover bid circular) with the United States Securities and Exchange Commission (“SEC”). CVRD, if required, will file other documents regarding the proposed tender offer with the SEC.



INVESTORS AND SHAREHOLDERS ARE URGED TO READ THE TAKEOVER BID CIRCULAR, THE SCHEDULE TO AND ANY OTHER RELEVANT DOCUMENTS FILED OR THAT WILL BE FILED WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE OFFER FOR COMMON SHARES OF INCO. These documents will be available without charge on the SEC’s website at www.sec.gov. Free copies of the documents can also be obtained by directing a request to Kingsdale Shareholder Services Inc., The Exchange Tower, 130 King Street West, Suite 2950, P.O.Box 361, Toronto, Ontario, M5X 1E2, by telephone to 1-866-381-4105 (North American Toll Free) or 416-867-2272 (Overseas), or by email to: [e-mail].



For further information, please contact:
[phone]
Roberto Castello Branco: [e-mail]
Alessandra Gadelha: [e-mail]
Daniela Tinoco: [e-mail]
Marcelo Silva Braga: [e-mail]
Theo Penedo: [e-mail]
Virgínia Monteiro: [e-mail]

[mickefett]

CVRD restructures its investment in Usiminas


Rio de Janeiro, November 6, 2006 – Companhia Vale do Rio Doce (CVRD) informs that its Board of Directors approved the restructuring of its stake in Usinas Siderúrgicas de Minas Gerais S/A – USIMINAS (Usiminas), involving its entry into the control group of Usiminas and the partial sale of the common shares owned by CVRD.

CVRD currently owns 25,810,728 Usiminas common shares, which represents 22.99% of total common shares and 11.46% of its total capital.

The Company will keep 6,608,608 Usiminas common shares, which will be tied to the new 15-year shareholders agreement of Usiminas, signed today.

Meanwhile, CVRD will sell, at the price of R$ 70.59 per Usiminas common share, 2,104,988 shares to Nippon Steel, 1,628,970 shares to Votorantim Participações S/A and 1,628,970 shares to Camargo Correa S/A, totaling 5,362,928 common shares, or R$ 378.6 million. The price of R$ 70.59 per common share is the average price for Usiminas’s preferred shares traded on São Paulo stock exchange (Bovespa) in the last 90 days prior to April 15, 2006.

Therefore, the remaining 13,839,192 Usiminas common shares that CVRD currently owns will be sold through a public offer that will be announced soon.

Such movement is aligned with CVRD’s strategy of promoting the expansion of the Brazilian steel industry and, simultaneously, allows the reallocation of capital to invest in its core business. Moreover, this restructuring is associated with the decision of the Usiminas controlling shareholders to realize a feasibility study regarding the construction of a slab plant, maximizing the company’s potential to lead the repositioning of the Brazilian steel industry in the global scenario.



For further information, please contact:
[phone]
Roberto Castello Branco: [e-mail]
Alessandra Gadelha: [e-mail]
Daniela Tinoco: [e-mail]
Marcelo Silva Braga: [e-mail]
Theo Penedo: [e-mail]
Virgínia Monteiro: [e-mail]

[mickefett]

CVRD inaugurates the world’s largest mine in terms of initial iron ore production capacity

On October 5 Companhia Vale do Rio Doce (CVRD) inaugurated the Brucutu Project, the largest mine/mill complex in the world in terms of initial iron ore production capacity, located in the city of São Gonçalo do Rio Abaixo, Minas Gerais.

The project will produce 12.2 million tons of iron ore per year in its initial stage. In the second stage, scheduled for 2007, 23 million tons per year should be produced. The projects nominal production capacity of 30 million tons per year should be reached in 2008.

The result of an investment of US$1.1 billion, Brucutu is the largest mine in the Minas Centrais Complex, which comprises the Gongo Soco, Água Limpa and Andrade mines. In addition to the investment in the operation, Vale also invests in initiatives that contribute to the sustainable development of the region, such as the Vale Mais Program, which mobilizes the community, private initiative, and public authority towards the identification and development of the potential of the surrounding municipalities.

Through Fundação Vale do Rio Doce (FVRD), R$ 2.1 million will be invested in social programs in the Minas Centrais region, in addition to another R$ 7.1 that CVRD directed this year to social projects.

Click here for more information on the Brucutu Mine.

[mickefett]

Auf der Homepage von CVRD gibt es den Quartalsbericht zum 3.Q.2006.

Das Ganze ist ein wenig länglich, aber die Hauptpassagen möchte ich hier gerne zitieren:

Zusammenfassung der Highlights:

ON THE RISE
Performance of CVRD in the third quarter of 2006
Rio de Janeiro, November 8, 2006 – Companhia Vale do Rio Doce (CVRD)
showed in the third quarter of 2006 (3Q06) the best performance in its history,
posting new operational and financial records. The sequence of records in the last
years consolidates the high quality of the Company’s performance and its leading
position in the global mining industry.
The Company focuses on value generation, managing growth based on the
execution of its long term strategy and rigorous discipline in the allocation of
capital and control of costs. The acquisition of Inco, a new platform for profitable
growth and risk diversification, demonstrates our confidence in the future and in
our ability to create shareholder value.
The main highlights of our performance in 3Q06 were:
Sales volume records in iron ore and pellets (73.4 million tons) and potash
(291 thousand tons).
Gross revenue of US$ 5.1 billion, a new record, 17.5% above the last record
mark of US$ 4.3 billion in 2Q06. Revenue between January and September
2006 was US$ 12.9 billion, a 33.2% increase over the same period last year.
Operational profit as measured by adjusted EBIT(a) (earnings before interest
and taxes) reached an all-time high of US$ 2.2 billion, a 60% increase on 3Q05
and an accumulated US$ 5.5 billion for the first nine months of this year.
Adjusted EBIT margin of 46.3% as against 40.8% in 3Q05.
Cash flow as measured by adjusted EBITDA(b) (earnings before interest, taxes,
depreciation and amortization) was a record US$ 2.7 billion, nearly US$1
billion higher than 3Q05. In the first nine months of 2006 adjusted EBITDA
reached US$ 6.5 billion.
Record net earnings, of US$ 1.9 billion, US$ 0.79 per share, 44.6% more than
in 3Q05. In the first nine months of 2006 net earnings totaled US$ 5.0 billion,
US$ 2.04 per share.
The Brucutu project, a world-class asset with nominal iron ore production
capacity of 30 Mtpy, started operating in 3Q06.
Simultaneously, the expansion of Carajás iron ore capacity to 85 Mtpy came on
stream.
The Company invested US$ 1.1 billion in 3Q06, totaling US$ 3.0 billion in the
first nine months of 2006.

2
3Q06
Dividend to shareholders of US$ 0.27 per share was paid on October 31,
totaling US$ 650 million. In 2006, dividend distribution to our shareholders
reached US$ 1.3 billion.





SELECTED FINANCIAL INDICATORS
US$ million
3Q05 2Q06 3Q06 9M05 9M06
Gross revenues 3,610 4,313 5,066 9,659 12,869
Adjusted EBIT 1,405 1,873 2,248 3,971 5,457
Adjusted EBIT margin (%) 40.8 45.2 46.3 43.2 44.2
Adjusted EBITDA 1,734 2,176 2,722 4,760 6,527
Net earnings 1,317 1,880 1,904 3,645 4,955
Earnings per share (US$) 0.57 0.77 0.79 1.58 2.04
Annualized ROE (%) 46.0 43.5 47.6 52.0 41.5
Total debt/ adjusted LTM EBITDA (x) 0.68 0.80 0.71 0.68 0.71
Capex * 917 818 1,060 2,309 3,004
* including acquisitions
THE ACQUISITION OF INCO
CVRD bought until November 6, 2006, 86.57% of Inco common shares, on a fully
diluted basis.
In accordance with its stated purpose of acquiring 100% of the issued and
outstanding shares of Inco, CVRD will seek to have Inco to call immediately a
special meeting of shareholders of Inco to consider an amalgamation or other
transaction for the purpose of enabling CVRD to acquire all of the remaining
shares of Inco.
The acquisition of Inco contributes to the strengthening of our position in the
metals and mining industry, as one of global leaders in iron ore, pellets, nickel,
bauxite, alumina, manganese and ferroalloys, and an excellent portfolio of worldclass
projects.
The transaction is consistent with our long-term corporate strategy and business
strategy for the non-ferrous metal business. It represents a new step towards
developing, operating and maximizing the performance of large-scale assets, with
long useful life and low costs. It widens our options to continue increasing the
production capacity necessary for meeting the demand for minerals and metals in
the long term in high growth markets.
Inco’s century-old experience of nickel mining and deep knowledge of nickel
metallurgical technology combined with CVRD’s global leadership in mining and
powerful cash flow provide a unique opportunity to create shareholder value.
The acquisition gives CVRD better diversification in terms of products, markets
and geographic location of assets, helping to mitigate business and financial risks
and, over time, contributing to increased value generation. Inco has assets in
Canada, Indonesia, New Caledonia, the United Kingdom, Japan, Korea and
Taiwan. It produces copper, cobalt and platinum group metals as by-products of its
nickel operations.
Roger Agnelli, CVRD CEO, stated “This is an exciting opportunity for CVRD.
The operations of the two companies are complementary and the combination will
enhance our capabilities to benefit from the fast changing global landscape in the
metals and mining industry”....


SELECTED FINANCIAL INDICATORS CVRD/INCO COMBINED
Nine-month period ended at September 30, 2006
US$ million
CVRD Inco Combined
Gross revenues 12,869 5,345 18,214
Adjusted EBIT 5,457 2,045 7,502
Adjusted EBIT margin (%) 44.2 38.3 42.4
Adjusted EBITDA 6,527 2,153 8,680
Net earnings 4,955 1,213 6,168
Total debt 5,870 1,872 7,742


Ausblick Mineral und Metallmärkte


Minerals and metals markets
Global steel production continues to grow at a fast rate – 9.3% more in the first
nine months of this year compared with the same period in 2005. In China there
was an increase of 19.1%, reaching 308 million tons of crude steel, and in the rest
of the world 4.8%. In spite of the vigorous expansion of production and net exports
of 20 million tons of steel by China, prices have remained at levels similar to those
of the last quarter of 2004, and therefore greater than end of 2005 and beginning of
2006 levels, reflecting the strength of the global demand.
The persistently high level of investments in China – fixed asset investment grew
23.6% in September – allows us to anticipate increases in steel consumption being
maintained in the next few quarters.
Chinese imports of iron ore totaled 247.1 million tons up to the end of September –
a 24.2% increase on the same period last year. Thus the amount of iron ore
imported by China in the first nine months of 2006 is already 19% higher than the
total imported in the full year of 2004.
Chinese production of ROM (run-of-the mine) iron ore has been growing since
2002 after nearly ten years of stagnation. However, this expansion has been
sustained by exploitation of small mines and accompanied by the decline in the
quantity of iron ore retrieved per ton of ROM. The deterioration in quality of
Chinese iron ore, which was already considered unsatisfactory, and the tendency to
consolidate the steel industry round modern and efficient players are factors which
raise the level of participation of imported iron ore in the Chinese market.
Shipments of CVRD iron ore to China are increasing by about 40% this year. New
long-term contracts are being signed, and old contracts extended, with Chinese
customers, and this will give continuity to the expansion of our sales.
The prices of seaborne freight to China have fallen somewhat in the last few
weeks, at the same time that, after the October holidays, the price of Chinese and
Indian iron ore went up on the spot market. As a result CVRD iron ore in China
was about 10% cheaper than prices on the Chinese spot market. The fact that a
better quality product, with stability in the degree of quality and greater reliability
in deliveries does not command a reasonable premium in relation to the others is a
clear indication that excess global demand continues.
Prices of alumina on the spot market stabilized after a substantial fall brought about
by the 55% increase in Chinese production and plans for significant growth in the
next few years. Growth in Chinese alumina production is supported by a sharp
increase in bauxite imports, which could lead to on upward pressure on the price of
this raw material in the short term.
Since 2004 the cost curve for the alumina industry has shifted upwards and today
the marginal refineries are more vulnerable to the current level of prices. One
refinery has already shut down and more are expected to follow as a natural result
of the supply reaction to the new price levels. CVRD is producing 4.4 Mtpy of
alumina and continues to invest in the construction of stages 6 and 7 of the
Barcarena refinery, given its highly competitive capex and operational costs.
The behavior of the copper market is being characterized by shortages of
concentrates and refined metal. At the same time, in a situation very similar to that
of the nickel market, where there are no shock absorbers. Inventories are very
small, producers already operate at full capacity and there is no provision for
significant increase in capacity in the short term. This generates an upward bias in
prices, which tend to soar in the face of interruptions to production caused by labor
strikes, operational or climate problems.
In the nickel market price rises were accompanied by the expansion of
backwardation1. Global demand for nickel is growing at 8.5% a year, the main
driver being the fast expansion of stainless steel production. In the short term it has
been not only China, but also Europe, where growth in industrial production has
exceeded expectations, driving the increase in demand for nickel in 2006.
In spite of higher nickel prices, the austenitic ratio2 has remained at an average of
75% for the last three years, reflecting the low price elasticity of the demand for the
metal in the stainless steel industry due to technological limitations.
China is expected to remain as the main driver of global demand growth,
considering its low level of nickel per capita consumption and the strong capacity
increase of its stainless steel industry. At the same time, there has been an
increased demand for nickel in other applications, for example, the aerospace
industry, rechargeable batteries, turbines for power generation and in oil and gas
transportation.
Due to the substantial rise in investment costs and the technological challenges that
have to be overcome in the lateritic nickel projects, the response of supply to price
increases will remain fairly limited over the next few years.
Prospects for growth in the global economy and for the specific fundamentals of
the mineral and metal markets are components of a fairly positive scenario for
CVRD business in 2007.

[mickefett]

Wenn ich das so richtig sehe hat CVRD ein schönes "W" ausgebildet und der nächste Widerstand liegt erst so bei 18,90€. Bin zwar kein Charttechniker, aber so ein paar Dinge bekommt man ja auch mit, wenn man sich gelegentlich damit beschäftigt. Mich würde aber doch noch das Urteil eines Fachmanns interessieren.

[ballard1]

wann gibts ma wieder Dividende?
Div. Rend. 2,88%. Hab CVRD im März gekauft und im Mai ne Poppel Dividende bekommen

[mickefett]

Antwort auf Beitrag Nr.: 25.249.628 von ballard1 am 09.11.06 22:24:25

Demnach müßte eigentlich eine Dividende dieser Tage gutgeschrieben werden:

Dividend to shareholders of US$ 0.27 per share was paid on October 31,
totaling US$ 650 million. In 2006, dividend distribution to our shareholders
reached US$ 1.3 billion.

[mickefett]

CVRD announces plan to offer two series of notes

Rio de Janeiro, November 13, 2006 – Companhia Vale do Rio Doce (CVRD) announces that it plans to offer ten-year and thirty-year notes in the global capital markets through its wholly-owned subsidiary Vale Overseas Limited (Vale Overseas). CVRD will use the net proceeds of this offering to repay a portion of the amounts outstanding under its two-year senior acquisition facility used to finance its recent acquisition of Inco Limited.

The notes will be unsecured obligations of Vale Overseas and will be fully and unconditionally guaranteed by CVRD. The guarantee will rank equally in right of payment with all of CVRD’s other unsecured and unsubordinated debt obligations.

Credit Suisse Securities (USA) LLC (Credit Suisse), UBS Securities LLC (UBS), ABN AMRO Incorporated (ABN AMRO), and Santander Investment Securities Inc. (Santander) are acting as joint-lead managers and bookrunners.

The offering is being made pursuant to an effective shelf registration statement. A preliminary prospectus supplement with further information about the proposed offering will be filed with the US Securities Exchange Commission (SEC). Before you invest, you should read the preliminary prospectus supplement and other documents CVRD and Vale Overseas have filed with the SEC for more complete information about the companies and the offering. When available, you may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, Credit Suisse, UBS, ABN AMRO, and Santander will arrange to send you the prospectus upon request by calling toll-free 1-888-226-3754 (in the United States), or by calling collect 212-409-7563 (outside the United States).




For further information, please contact:
[phone]
Roberto Castello Branco: [e-mail]
Alessandra Gadelha: [e-mail]
Daniela Tinoco: [e-mail]
Marcelo Silva Braga: [e-mail]
Theo Penedo: [e-mail]
Virgínia Monteiro: [e-mail]

[ballard1]

Antwort auf Beitrag Nr.: 25.368.042 von mickefett am 13.11.06 20:49:17

-5%, Respekt! Sollte man wohl entspannter sehn und als Long Position halten. KGV ist ja günstig!

[mickefett]

Antwort auf Beitrag Nr.: 25.368.455 von ballard1 am 13.11.06 20:57:57

Vor allem kann man bemerken, daß die 38-Tage-Linie gerade dabei ist über die 200-Tage-Linie zu steigen. Die Chart-Leute meinen, daß das ein Kaufsignal sei.

[mickefett]

CVRD concludes the partial sale of its share in Usiminas


Rio de Janeiro, November 13, 2006 – Companhia Vale do Rio Doce (CVRD) informs that concluded the sale of 5,362,928 common shares of Usinas Siderurgicas de Minas Gerais S/A – USIMINAS (Usiminas) at the price of R$ 70.59 per common share, which amounted to R$ 378.6 million.

As announced on November 6, 2006, the Company will keep 6,608,608 Usiminas common shares, which will be tied to the new 15-year shareholders agreement of Usiminas, signed that date. Therefore, the remaining 13,839,192 Usiminas common shares that CVRD currently owns will be sold through a public offer that will be announced soon.

Such movement is aligned with CVRD’s strategy of promoting the expansion of the Brazilian steel industry and, simultaneously, allows the reallocation of capital to invest in its core business. Moreover, this restructuring is associated with the decision of the Usiminas controlling shareholders to realize a feasibility study regarding the construction of a slab plant, maximizing the company’s potential to lead the repositioning of the Brazilian steel industry in the global scenario.






For further information, please contact:
[phone]
Roberto Castello Branco: [e-mail]
Alessandra Gadelha: [e-mail]
Daniela Tinoco: [e-mail]
Marcelo Silva Braga: [e-mail]
Theo Penedo: [e-mail]
Virgínia Monteiro: [e-mail]

[mickefett]

CVRD signs long-term contracts with a group of Chinese steel companies

Rio de Janeiro, November 16, 2006 – Companhia Vale do Rio Doce (CVRD) announces that it signed new and additive long-term contracts to sell iron ore to a group of Chinese steel companies, which will involve additional average annual sales volume of 19.4 million tons between 2007 and 2017 and 8.1 million tons between 2018 and 2031.

These contracts contribute to strengthen even further the excellent relationship that already exists between CVRD and its Chinese clients and reflects CVRD position as the most important high quality iron ore supplier to China.


For further information, please contact:
[phone]
Roberto Castello Branco: [e-mail]
Alessandra Gadelha: [e-mail]
Daniela Tinoco: [e-mail]
Marcelo Silva Braga: [e-mail]
Theo Penedo: [e-mail]
Virgínia Monteiro: [e-mail]

[ballard1]

Antwort auf Beitrag Nr.: 25.462.582 von mickefett am 16.11.06 17:04:47

die Div. kam jetzt endlich.
Du bist ja wohl auch in dem WERT drin, wie siehst Du CVRD auf Sicht von 12 Monaten?
BOVESPA auf dem High, Rohstoffe nach Korrektur in Konsolidierung,
wie ist die Übernahme zu bewerten?
Letztendlich abhängig von der Weltkonjunktur,.........

[mickefett]

Antwort auf Beitrag Nr.: 25.474.427 von ballard1 am 16.11.06 22:40:30

Ich glaube an eine Fortsetzung der Rohstoffhausse, insbesondere auch für Nickel und Eisenerz. Da profitiert man hier von den Chinesen und Indern ohne dort direkt investiert zu sein. Die chinesischen Anlagewerte sind mir zu undurchsichtig.

[drallwissend]

Hallo Zusammen.

Mal ne Frage:
Es werden ja zwei CVRD Aktien gehandelt, welche von beiden ist denn die zu empfehlende und warum?

WKN: 907799
WKN: 897998

Wie sieht es mit der Dividendenrendite aus?

Vielen Dank für die Info und nette Grüße,
drallwissend

[mickefett]

Antwort auf Beitrag Nr.: 25.532.945 von drallwissend am 19.11.06 19:07:58

Mich würde die Antwort auf diese Frage auch interessieren.
Z.Zt bin ich mit einer relativ kleinen Summe bei WKN 897998 investiert.

Im folgenden habe ich ganz einfach einmal den Aktieninspektor von Consors für diesen Wert kopiert. Unter anderem wird hier die Dividendenrendite mit 2,4% errechnet und dafür werden etwa 15,4% des zu erwartenden Gewinns ausgeschüttet. Das KGV sieht man bei 6,43 für 2008. Naja, fieselt mal die anderen Angaben selbst auseinander - schade, daß Tabellen hier im Thread nicht original wiedergegeben werden

Mkt. Kap.
in Mrd. $ 60,64 Grosser Marktwert Mit einer Marktkapitalisierung von >$5 Mrd., ist CIA VALE DO RIO DOCE ein hoch kapitalisierter Titel.
revid. Gew.
Prognose Positive Analystenhaltung seit 18. Oktober 2006 Die Gewinnprognosen pro Aktie sind heute höher als vor sieben Wochen. Dieser positive Trend hat am 18. Oktober 2006 bei einem Kurs von BRL 43,95 eingesetzt.
Bewert. Leicht unterbewertet Auf Basis des Wachstumspotentials und anderer Messwerte erscheint die Aktie leicht unterbewertet.
Wachstum
/ KGV 1,95 Hoher Abschlag zur Wachstumserwartung basiert auf einer Ausnahmesituation Liegt das "Verhältnis zwischen Wachstum plus geschätzte Dividende und Kurs-Gewinn Zahl" über 1.6, so befindet sich das Unternehmen in der Regel in einer Ausnahmesituation. In diesem Fall ist das erwartete PE (Kurs-Gewinn-Verhältnis) ein besserer Indikator für das nachhaltige Wachstum, als der prozentuale Wachstumswert (LT Growth).
KGV 6,43 Erwartetes PE für 2008 Der erwartete PE-Wert (Kurs-Gewinn-Verhältnis) gilt für das Jahr 2008.
langfrist.
Wachstum 10,1% Wachstum heute bis 2008 p.a. Die durchschnittlichen jährlichen Wachstumsraten gelten für die Gewinne von heute bis 2008
Anzahl der
Analysten 7 Bei den Analysten von mittlerem Interesse In den zurückliegenden sieben Wochen haben durchschnittlich 7 Analysten eine Schätzung des Gewinns pro Aktie für diesen Titel abgegeben.
mittelfrist.
Mkt. Trend Positiver Markttrend seit dem 6. Oktober 2006 Der mittelfristige technische 40-Tage Trend ist seit dem 6. Oktober 2006 positiv. Der bestätigte technische Trendwendepunkt (Tech Reverse + 1.75%) ist BRL 44,04.
rel. 4 Wo.
Perform. 4,3% vs. BOVESPA Die relative "Outperformance" der letzten vier Wochen im Vergleich zum BOVESPA beträgt 4,3%.
Dividenden
Rendite 2,4% Dividende durch Gewinn gut gedeckt Für die während den nächsten 12 Monaten erwartete Dividende müssen voraussichtlich 15,4% des Gewinns verwendet werden.
Risikoanalyse (17. November 2006)

Preis
Mkt. Kap.
in Mrd. $
Bear Market
Faktor
Bad News
Faktor
Volatility
1M
Volatility
12M
Beta 1 Jahr
in Basipunkten
Korrelation
48,17
BRL 60,64 21 275 25% 30,9% 96 0,8

Risiko Mittel Die Aktie ist seit dem 4. November 2005 als mittel riskanter Titel eingestuft.
Bear Market Mittleres Risiko bei Indexrückgängen Die Aktie tendiert dazu, Indexrückgänge in etwa gleichem Mass mitzuvollziehen.
Bad News Geringe Kursrückgänge bei spezifischen Problemen Der Titel verzeichnet bei unternehmensspezifischen Problemen i.d. R. geringe Kursabschläge in Höhe von durchschnittlich 2,8%.
Beta 96 Mittlere Anfälligkeit vs. BOVESPA Die Aktie tendiert dazu, pro 1% Indexbewegung mit einem Ausschlag von 0,96% zu reagieren.
Korrelation
365 Tage 0,8 Starke Korrelation mit dem BOVESPA 80,0% der Kursschwankungen werden durch Indexbewegungen verursacht.








[img]Fundamentalanalyse (17. November 2006)

Preis
Mkt. Kap.
in Mrd. $
revid. Gew.
Prognose
7 Wo.
EPS
Bewert.
Wachstum
/ KGV
KGV
langfrist.
Wachstum
Div.
Rend.
mittelfrist.
Mkt. Trend
tech.
Umkehr
rel. 4 Wo.
Perform.
48,17
BRL 60,64 13,1% 1,95 6,43 10,1% 2,4% 44,82
BRL 4,3%
Alternativen in der Branche
Chance Name
ISIN
TENARIS SA
LU0156801721
OUTOKUMPU OYJ
FI0009002422
COMPASS MINERALS INTL INC
US20451N1019
Alternativen im Markt
Chance Name
ISIN
PORTO SEGURO SA
BRPSSAACNOR7
ULTRAPAR PARTICIPACOES
BRUGPAACNPR5
AMBEV BEBIDAS AMERICANAS
BRAMBVACNPR1


Mkt. Kap.
in Mrd. $ 60,64 Grosser Marktwert Mit einer Marktkapitalisierung von >$5 Mrd., ist CIA VALE DO RIO DOCE ein hoch kapitalisierter Titel.
revid. Gew.
Prognose Positive Analystenhaltung seit 18. Oktober 2006 Die Gewinnprognosen pro Aktie sind heute höher als vor sieben Wochen. Dieser positive Trend hat am 18. Oktober 2006 bei einem Kurs von BRL 43,95 eingesetzt.
Bewert. Leicht unterbewertet Auf Basis des Wachstumspotentials und anderer Messwerte erscheint die Aktie leicht unterbewertet.
Wachstum
/ KGV 1,95 Hoher Abschlag zur Wachstumserwartung basiert auf einer Ausnahmesituation Liegt das "Verhältnis zwischen Wachstum plus geschätzte Dividende und Kurs-Gewinn Zahl" über 1.6, so befindet sich das Unternehmen in der Regel in einer Ausnahmesituation. In diesem Fall ist das erwartete PE (Kurs-Gewinn-Verhältnis) ein besserer Indikator für das nachhaltige Wachstum, als der prozentuale Wachstumswert (LT Growth).
KGV 6,43 Erwartetes PE für 2008 Der erwartete PE-Wert (Kurs-Gewinn-Verhältnis) gilt für das Jahr 2008.
langfrist.
Wachstum 10,1% Wachstum heute bis 2008 p.a. Die durchschnittlichen jährlichen Wachstumsraten gelten für die Gewinne von heute bis 2008
Anzahl der
Analysten 7 Bei den Analysten von mittlerem Interesse In den zurückliegenden sieben Wochen haben durchschnittlich 7 Analysten eine Schätzung des Gewinns pro Aktie für diesen Titel abgegeben.
mittelfrist.
Mkt. Trend Positiver Markttrend seit dem 6. Oktober 2006 Der mittelfristige technische 40-Tage Trend ist seit dem 6. Oktober 2006 positiv. Der bestätigte technische Trendwendepunkt (Tech Reverse + 1.75%) ist BRL 44,04.
rel. 4 Wo.
Perform. 4,3% vs. BOVESPA Die relative "Outperformance" der letzten vier Wochen im Vergleich zum BOVESPA beträgt 4,3%.
Dividenden
Rendite 2,4% Dividende durch Gewinn gut gedeckt Für die während den nächsten 12 Monaten erwartete Dividende müssen voraussichtlich 15,4% des Gewinns verwendet werden.
Risikoanalyse (17. November 2006)

Preis
Mkt. Kap.
in Mrd. $
Bear Market
Faktor
Bad News
Faktor
Volatility
1M
Volatility
12M
Beta 1 Jahr
in Basipunkten
Korrelation
48,17
BRL 60,64 21 275 25% 30,9% 96 0,8

Risiko Mittel Die Aktie ist seit dem 4. November 2005 als mittel riskanter Titel eingestuft.
Bear Market Mittleres Risiko bei Indexrückgängen Die Aktie tendiert dazu, Indexrückgänge in etwa gleichem Mass mitzuvollziehen.
Bad News Geringe Kursrückgänge bei spezifischen Problemen Der Titel verzeichnet bei unternehmensspezifischen Problemen i.d. R. geringe Kursabschläge in Höhe von durchschnittlich 2,8%.
Beta 96 Mittlere Anfälligkeit vs. BOVESPA Die Aktie tendiert dazu, pro 1% Indexbewegung mit einem Ausschlag von 0,96% zu reagieren.
Korrelation
365 Tage 0,8 Starke Korrelation mit dem BOVESPA 80,0% der Kursschwankungen werden durch Indexbewegungen verursacht.

[mickefett]

Antwort auf Beitrag Nr.: 25.535.367 von mickefett am 19.11.06 21:11:05

jetzt hängt der Aktieninspektor 2x im letzten Posting. Das tut mir Leid.

[mickefett]

CVRD signs new long-term contract with ThyssenKrupp



CVRD signs new long-term contract with ThyssenKrupp

Rio de Janeiro, November 24, 2006 – Companhia Vale do Rio Doce (CVRD) announces that it has signed a new long-term contract with ThyssenKrupp Steel AG (ThyssenKrupp) to supply iron ore and pellets to ThyssenKrupp CSA Companhia Siderúrgica (CSA).

CSA, a joint venture between ThyssenKrupp and CVRD, is constructing a steel slab plant in the state of Rio de Janeiro, Brazil, with a nominal capacity of five million tons per year. The start-up of its operation is expected to happen in the first half of 2009.

Under this 15-year contract, the Company, through its subsidiary MBR, will supply 2.7 million tons of pellets and 5.9 million tons of iron ore per year to CSA. MBR will be the exclusive supplier of iron ore and pellets to CSA.

This agreement is aligned with CVRD’s strategy to promote the expansion of the Brazilian steel industry, through minority and temporary stakes in projects in Brazil. Further, it highlights its unique capability as a long-term reliable supplier of high quality iron ore at competitive prices, given its large-scale operations and excellence.

CVRD is the largest metals and mining company in the Americas and one of the largest in the global metals and mining industry. It is the largest global producer of iron ore and pellets, the world’s second largest producer of nickel, manganese and ferroalloys, one of the world’s lowest cost producers of aluminum products (bauxite, alumina and primary aluminum) and a producer of copper, potash and kaolin. CVRD is the largest logistics player in Brazil.

With sales of 42.1 billion euros and 184,000 employees in over 70 countries, ThyssenKrupp is one of the world's major technology groups and occupies excellent positions on the international markets. The three main business areas of steel, capital goods and services, organized in five segments - Steel, Stainless, Technologies, Elevator and Services - mark out the Group's areas of competence. With sales of 9.6 billion euros and 30,000 employees ThyssenKrupp Steel is a global player holding leading positions worldwide. The segment is organized into the business units Steelmaking, Industry, Auto and Processing.


For further information, please contact:
[phone]
Roberto Castello Branco: [e-mail]
Alessandra Gadelha: [e-mail]
Daniela Tinoco: [e-mail]
Marcelo Silva Braga: [e-mail]
Theo Penedo: [e-mail]
Virgínia Monteiro: [e-mail]

[mickefett]

CVRD: Meeting the Markets

Rio de Janeiro, November 24, 2006 - Companhia Vale do Rio Doce (CVRD) will host an analyst and investors meeting on Friday, December 1st, 2006 in the São Paulo Stock Exchange (Rua XV de Novembro, 275 - 1º andar, Centro, São Paulo). The meeting will start at 09:00 a.m. (6:00 a.m. New York time, 11:00 a.m. London time).

The meeting will be transmitted live via video webcast through the website www.cvrd.com.br. Further information will be available on CVRD’s website 48 hours prior to the meeting.


For further information, please contact:
[phone]
Roberto Castello Branco: [e-mail]
Alessandra Gadelha: [e-mail]
Daniela Tinoco: [e-mail]
Marcelo Silva Braga: [e-mail]
Theo Penedo: [e-mail]
Virgínia Monteiro: [e-mail]

[mickefett]

CVRD delivers studies on the Moatize coal project


Rio de Janeiro, November 30, 2006 – Companhia Vale do Rio Doce (CVRD) informs that it has delivered to the government of Mozambique the financial and technical feasibility studies for the Moatize coal project and thermal power plant, in accordance with the project schedule.

The studies performed during the last 24 months are part of the commitments assumed by CVRD with the government of Mozambique for the exploitation of the Moatize coal deposit, in the province of Tete, Mozambique, and the project development, if it is proven to be technically and economically feasible.

These documents satisfy the first part of the commitments. Additional studies and reports are still required to support the final decision to be made in 2007 about the investment in the project development.

Over the last couple of years, CVRD invested approximately US$ 80 million in the Moatize project. This amount comprehends US$ 6.47 million invested by the Company in several social programs in the Mozambican cities of Tete and Moatize, in line with its high standards of corporate social responsibility.




For further information, please contact:
[phone]
Roberto Castello Branco: [e-mail]
Alessandra Gadelha: [e-mail]
Daniela Tinoco: [e-mail]
Marcelo Silva Braga: [e-mail]
Theo Penedo: [e-mail]
Virgínia Monteiro: [e-mail]

[mickefett]

Der Produktionsbeginn auf CVRDs Goro-Nickelprojekt verzögert sich voraussichtlich bis Ende 2008
Leser des Artikels: 67

Die Nickelproduktion auf dem Goro-Nickelprojekt in Neukaledonien wird jetzt nach Erwartungen später als geplant, erst Ende 2008, beginnen. Auch werden nach einem Bericht der Companhia Vale do Rio Doce (CVRD) in der letzten Woche die Projektkosten auf ungefähr 3 Mrd. USD ansteigen.

Goro, dessen Kosten bisher mit nicht mehr als 2,15 Mrd. USD veranschlagt wurden, wird nach Erreichen der vollen Kapazität 60.000 Tonnen Nickel und 4.300 bis 5.000 Tonnen Kobalt pro Jahr produzieren. Das Goro-Projekt besitzt einen der größten unentwickelten Laterit-Erzkörper der Welt mit 55 Mio. Tonnen an Vorräten der Kategorie "Erkundet" und "Angezeigt" bei ausgezeichneten Durchschnittsgehalten.

CVRD, der größte Eisenerzproduzent der Welt, erlangte die Kontrolle über das Goro-Projekt durch die vor kurzem erfolgte Übernahme des kanadischen Nickelproduzenten Inco Ltd.

"Es ist bereits spät und wir möchten die detaillierten Umweltstudien und weitere Gutachten beschleunigen und sollten im Januar neue Kostenberechnungen vorlegen," sagte Roger Agnelli, Präsident der CVRD.

Er sprach auf einer Pressekonferenz, um einen neuen Vertrag zwischen CVRD und ThyssenKrupp bekannt zu geben, der Eisenerzlieferungen an ThyssenKrupp über die nächsten 15 Jahre sichern wird.

Herr Agnelli gab nicht die Gründe für die Verzögerung und die gestiegenen Kosten an. Das Goro-Projekt hat aber dieses Jahr Arbeitsunruhen gesehen und Einrichtungen des Projekts wurden mutwillig zerstört.

Jetzt könnte es aber eine weitere Störung im Entwicklungsablauf des Projekts geben.

CVRD Inco erhielt letzte Woche von einem Gericht in Paris einen Gerichtsentscheid, der das Unternehmen dazu zwingen könnte, die Rodungsarbeiten im Gebiet von Kue Ouest einzustellen. Dies ist der Ort für Goros Abraumhalde und Bergeteich.

Das Tribunal de Grande Instance de Paris entschied, dass Goro Nickel die Arbeiten einstellen muss, bis sie alle notwendigen Genehmigungen erhalten haben.

Das Gericht ordnete an, dass das Unternehmen innerhalb von 48 Stunden die Rodungsarbeiten einstellen müsse, andernfalls müsse es eine Strafe in Höhe von 30.000 Euro pro Tag zahlen.

Bruce Drysdale, ein Sprecher des Unternehmens in Toronto, sagte: "CVRD Inco erhielt den Gerichtsentscheid und wir schauen uns das an und prüfen es. Ansonsten gehen die Arbeiten auf Goro wie üblich weiter."

Die Klage wurde von einer örtlichen Bürgerinitiative, Rheebu Nuu, eingereicht. Diese Aktivistengruppe möchte, dass CVRD Inco Neukaledonien verlässt, da das Nickelprojekt die Umwelt schädigen werde.

Laut Herrn Agnelli wird die Konstruktion der Nickelmine auf dem größten Teil des Minengeländes fortgesetzt. "Das einzige Problem ist die Abraumhalde. CVRD untersucht ebenfalls Probleme in Verbindung mit den lokalen Gemeinden und sucht nach Lösungen," erklärte Herr Agnelli.

Das Goro-Projekt wird nach Angaben von CVRD zu ungefähr 50 % des Bruttoinlandsprodukts des französischen Hoheitsgebietes im südwestlichen Pazifik beitragen und ist für die 220.000 Einwohner von großer Bedeutung.

Ein Unternehmen das von einer weiteren Verzögerung des Goro-Projekts profitieren dürfte, ist die kanadische Gesellschaft Skye Resources mit ihrem Nickel-Laterit-Projekt Fenix in Guatemala. Die im September abgeschlossene Machbarkeitsstudie projiziert für das Projekt eine Nickelproduktion von 1,3 Mrd. Pfund Nickel über 30 Jahre zu Durchschnittskosten von 2 USD je Pfund Nickel. Nickel wurde Ende November 2006 an der London Metal Exchange mit 15,54 USD je Pfund gehandelt.

"Wir sind jetzt in der Position eine Entscheidung über den Start des Baus zu treffen. Die beiden Projekte würden über mindestens 20 Jahre ca. 100 Mio. Pfund Nickel pro Jahr produzieren. Dabei würde weniger als die Hälfte der gesamten Ressourcen verbraucht werden, die bis jetzt auf dem Projektgebiet identifiziert wurden. Dies bietet das Potenzial für weitere Expansion der jährlichen Produktionsmenge oder der Betriebsdauer der Mine," sagte Ian Austin, CEO der Skye Resources.

Das Ferro-Nickel-Projekt würde ab 2009 bei einer 30-jährigen Betriebsdauer insgesamt 1,3 Mrd. Pfund Nickel aus jährlich durchschnittlich 1,37 Mio. t Erz mit 1,63% Nickel produzieren. In den ersten 20 Jahren nach dem Hochfahren der Produktion wird eine jährliche Produktion von 48,5 Mio. Pfund Nickel erwartet.

Ab 2012 wird die zweite Phase des Fenix-Projekts, das hydrometallurgische Projekt, während seiner 20-jährigen Betriebsdauer insgesamt 1 Mrd. Pfund Nickel und 84 Mio. Pfund Kobalt aus jährlich durchschnittlich 1,76 Mio. t Limonit mit 1,33% Nickel und 0,12% Kobalt produzieren.


Autor: Sven Olsson

[mickefett]

Carajás settled a new production record

Rio de Janeiro, December 1, 2006 - Companhia Vale do Rio Doce (CVRD) informs that Carajás iron ore production reached a new monthly record of 7.8 million tons in November, operating at an annualized output rate approximately to 2007 estimated nominal capacity. In 9M06, Carajás produced 59.5 million tons of iron ore, an increase of 14.1% compared to the same period a year earlier.

The new record mark reflects CVRD efforts to meet the strong global demand growth for iron ore from its clients.



For further information, please contact:
[phone]
Roberto Castello Branco: [e-mail]
Alessandra Gadelha: [e-mail]
Daniela Tinoco: [e-mail]
Marcelo Silva Braga: [e-mail]
Theo Penedo: [e-mail]
Virgínia Monteiro: [e-mail]

[mickefett]

CVRD launches an internal whistle-blowing channel for receiving reports and information about accounting irregularities and improprieties.
In compliance with legal requirements and in order to obtain certification for the Company’s internal controls, as required under the Sarbanes-Oxley Act, CVRD is providing a provisional whistle-blowing channel (until a final, permanent is implemented) for receiving reports and information about irregularities or improprieties in the Company’s accounting records, or about any other accounting or auditing issues.

Beginning on August 01, 2005, any person, whether an employee, manager, supplier or client of CVRD or its subsidiaries, who identifies or suspects the existence of any issues of this nature, must report them directly to the Chairman of the CVRD’s Board of Directors, by means of a letter addressed to Avenida Graça Aranha, 26 - 19º andar - CEP. 20.030-900 - Rio de Janeiro - RJ.

To ensure the confidentiality of those reporting, the letter should be sent in a closed envelope with no identification of the sender, but containing enough information to allow the reported issues to be investigated.

These procedures will be implemented in all the countries CVRD and its subsidiaries are present in, always in compliance with the local laws and regulations, and observing the procedures established to protect the rights of the people suspected to have participated in accounting irregularities or improprieties.

[mickefett]

CVRD develops pellet project in the Middle East

Companhia Vale do Rio Doce (CVRD) signed a Letter of Agreement with SIPC - Sohar Industrial Port Company, an Omani Government and Rotterdam Port joint venture, to evaluate the implementation of a new pelletizing plant at the Port of Sohar.

The plant’s nominal capacity should reach 7.5 million tons per year of pellets for direct reduction. The operations should begin in 2010 and Vale will provide 100% of the iron ore used in the plant.

This initiative reflects Vale’s strategy to support the steel industry in the Middle
East, a traditional center in terms of the development of worldwide direct reduction projects, thus expanding its pelletizing operations – an area in which the company detains significant market penetration and operational experience.

[mickefett]

Regarding Shicrin Indian invasion, CVRD wishes to clarify the following to the public:

1) CVRD is a company that operates strictly in compliance with the rules of Social Responsibility. In the regions CVRD is present in, the Company has implemented social/environmental programs that aid about 3 million people and preserve nearly 1.2 million hectares of native forestland.

2) The programs maintained by the CVRD Foundation improve the social development of the citizens of about 500 municipalities, which makes CVRD one of the most socially active companies in Brazil. Some of these programs are described below:

- Vale Alfabetizar - a program that will help 120 thousand people learn how to read and write;
- Escola que Vale - a program that supports 321 schools in the states of Minas Gerais, Espírito Santo, Maranhão and Pará;
- Voluntários Vale - a program that encourages the Company’s employees to participate in volunteer programs that befit 60 thousand people in a number of states;

3) With respect to the environment, we wish to clarify that CVRD’s mines and other operations follow the highest international environment management standards and are certified to ISO 14.001;

4) The Carajás National Forest is currently a green oasis in the Amazon that CVRD is helping to preserve, in a region where deforestation is a serious issue. Of the National Forest’s 400 thousand hectares, only 2% are used for mining activities;

5) In the municipality of Linhares (ES), the Company preserves over 22 thousand hectares of Atlantic Moist Forest in the CVRD Natural Reserve

6) CVRD’s 39 thousand employees and the 98 thousand employees that work for companies providing services to CVRD participate in training programs where social/environmental awareness and occupational safety are emphasized.

7) Throughout the years, CVRD has expended millions in financial support to Indian communities, based on Commitment Agreements signed under the supervision of FUNAI (The Brazilian Indian Foundation). This support has always been voluntary – never a legal requirement – and has helped about 3,500 Indians by supporting education, health, sanitation, collection of forest products and the implementation of family farms.

8) In this context, CVRD has been transferring the full amount of the financial resources promised in the Commitment Agreements signed with Funai and the Shikrin do Catete and Jujeiko Indian communities. CVRD reiterates that it has no mines in Indian territory;

9) The funds CVRD provides to these Indian communities are in addition to the work carried by government organizations, as it is the responsibility of the State to provide the funds required to supply the needs of the Indian communities, through the FUNAI and other government organizations;

10) CVRD, whose culture and spirit have always incorporated social responsibility, cannot compromise with the illegalities committed by the Indians from these communities, who invaded the Company’s facilities on October 17 and halted the Company’s activities in Carajás (PA), thereby placing CVRD’s international credibility at risk, both in terms of reputation and in terms of its contracts with clients, and causing heavy losses that will require compensation.

11) These invaders committed crimes under Brazilian law, such as private imprisonment, theft, extortion, vandalism, invasion of industrial facilities, racketeering, endangering railway safety and disobedience.

12) It is important to note that the financial Commitment Agreements signed between CVRD, FUNAI and the Indian communities contain clauses that require immediate termination in the event that the Indians attempt to stop the Company’s activities by any means, as they did on the 17th in Carajás;

13) CVRD will not negotiate with communities that use illegal means to force the Company to accept their demands and will not succumb to threats in any other form.



Best visualization in 800x600 | © 2004 - Companhia Vale do Rio Doce | Todos os direitos reservados.

[mickefett]

CVRD shows its performance on the third quarter of 2006 (US GAAP)

CVRD showed in the third quarter of 2006 the best performance in its history, posting new operational and financial records.

The main highlights of the CVRD’s performance were: Gross revenue of US$ 5.1 billion, a new record, 17.5% above the last record mark of US$ 4.3 billion in the second quarter of this year; The cash flow as measured by adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) was a record US$ 2.7 billion, nearly US$1 billion higher than the third quarter of 2005.

The net earnings were another highlight, of US$ 1.9 billion, US$ 0.79 per share, 44.6% more than in 3Q05. In the first nine months of 2006 net earnings totaled US$ 5.0 billion, US$ 2.04 per share.

The Brucutu project was also a highlight, a world-class asset with nominal iron ore production
capacity of 30 Mtpy, started operating in third quarter of 2006.


Best visualization in 800x600 | © 2004 - Companhia Vale do Rio Doce | Todos os direitos reservados.

[jensdab]

Wirtschaftsnews - von heute 16:44

CVRD erwartet 40 % mehr Absatz in China14.12.06 (www.emfis.com)

Sao Paulo

Die brasilianische Cia. Vale do Rio Doce erwartet, dass der Absatz von Eisenerz in China in diesem Jahr um 40 % gegenüber dem Vorjahr steigen wird.

Der CEO des Unternehmens sagte auf der Jahresendversammlung, dass in jedem Monat Absatzrekorde zu verzeichnen waren.
Im vergangenen Jahre verkaufte die CVRD insgesamt 213,3 Mio. Tonnen Eisenerz, 26,4 % davon gingen nach China.
Im nächsten Jahr wird die CVRD vorraussichtlich 300 Mio. Tonnen Eisenerz produzieren.

Der CEO fügte hinzu, dass sein Unternehmen um 14 % im Jahr wachse und das er bete, dass China weiter so stark wachsen werde.

[ballard1]

Antwort auf Beitrag Nr.: 26.181.937 von jensdab am 14.12.06 18:26:50

wie gut dass ich drin geblieben bin, dennoch kurzfristig heiss gelaufen. Event. Gewinne mitnehmen und tiefer wieder rein.
Allerdings läuft China nachwievor auf Hochtouren, von daher,...schwierig, schwierig..

[jensdab]

Antwort auf Beitrag Nr.: 26.207.009 von ballard1 am 15.12.06 16:08:09

@ ballard1

Ich denke, dass es weiter aufwärts geht mit CVDR, ich bin sogar mit einem call dabei noch mit Verlust, aber das kann sich schnell ändern, wenn der Basispreis erreicht wird.
CVDR ist für ein Longinvestment gut und vor allem gibt es ja auch Dividenden.

Ein guter Wert ist auch Petrochina, sehr stabil, niedriges KGV, hohe Dividende. Habe in 5 Wochen 17 % Gewinn gemacht. Da ist ein jährliches Wachstum von 30-40 % drin.

Falls es Dich interessiert, schau Dir mal Longview Capital Partners A0LCWJ an. Bin seit 3 Tagen dabei und 30 % Gewinn erzielt.
Sehr interessante internationale Beteiligungsfirma mit verschiedenen Rohstoffen, mit absolut professionellem Management mit Daimen Raynolds, Erfolgsgarant. Ein Wert mit Qualität.
Da ist eine Verdoppelung schon bald möglich.
Ist natürlich nicht zu vergeleichen mit CVRD, Rio Tinto oder BHP, wo ich auch investiert bin, aber longview ist eine Art Rohstoff Fonds und somit ist das Risiko begrenzt. Die kanadische Firma ist hoch profitalbel. Als neuster Service stellen sie das Wissen der besten Geologen der Welt anderen Rohstoff Firmen zur Verfügung.

Wünche weiterhin viel Erfolg!!

Gruß Jens

[trick17-2]

Die Verhandlunge für Eisenerz 2007 sind durch!
Feineisenerz kostet ab 01.04.07 9,5% mehr.
Sehr wichtig für CVRd, dass hier Ruhe ist.
Die anderen Stahlkonzerne werden den Abschluss übernehmen.

Gewinntreiber für 2007 bei CVRD:
- 9,5% höherer Preis für das wichtigste Produkt
- ca. 10-15% Mengenausweitung aufgrund in Betrieb genommener
bzw. zu nehmender Eisenerz-Projekte
- Gewinn aus der Inco-Beteiligung, abzüglich der erforderlichen
Finanzerungskosten
- Inbetriebnahme zusätzlicher Projekte (Aluminium, Kohle etc.)


Unterm Strick schätze ich, dass der Gewinn wohl 25-30% im
nächsten Jahr steigen wird.
KGv ist noch einstellig.

Der Kurs von CVRD ist nie explodiert, er ist nur
der Gewinnentwicklung der Aktie gefolgt. Eine Übertreibung
kann ich noch nicht erkennen.

trick17

[mickefett]

Antwort auf Beitrag Nr.: 26.207.009 von ballard1 am 15.12.06 16:08:09

Ich fühl mich weiterhin hier bei CVRD als Aktionär besser als bei einem direkten chinesischen Wert wie Petrochina oder so. Brasilien ist doch ein demokratisches Land, das lediglich von der Entwicklung in China profitiert, aber im Endeffekt davon unabhängig ist.

[mickefett]

CVRD plant Flotte mit Riesenfrachtern
Leser des Artikels: 171

Brasilia 19.12.06 (emfis.com)
Vale do Rio Doce plant den Bau von mindestens 10 Schüttgut-Frachtern der Chinamax-Klasse. Wie der brasilianische Rohstoffproduzent mitteilte, soll mit diesen der immer höhere Bedarf chinesischer Stahlhersteller nach Eisenerz bedient werden. Für die Planung und den Bau der Riesenschiffe sei bereits eine Absichtserklärung mit dem chinesischen Stahlproduzenten Shougang Group unterzeichnet worden.

Chinamax-Schiffe können mindestens 300.000 Tonnen Schüttgut transportieren. Die Riesenfrachter können in einem brasilianischen und fünf chinesischen Häfen gelöscht werden. CVRD geht davon aus, mit den neuen Schiffen die Transportkosten um 3 bis 5 Dollar pro Tonne senken zu können. Dies soll dem Konzern im Wettbewerb mit den australischen Eisenerzproduzenten BHP Billiton und Rio Tinto zugute kommen.

[ballard1]

Antwort auf Beitrag Nr.: 26.635.742 von mickefett am 02.01.07 13:14:28

wie gut dass ich mich vom letzten Rückgang nicht habe verunsichern lassen. CVRD nach wievor topgünstig.
Seid Ihr noch investiert?

so long

b.

[ballard1]

CVRD Outperformner mit kgv 8,3 !!!!

Lauda-Königshofen (aktiencheck.de AG) - Die Experten von "Finanzen & Börse" bewerten die Aktie von CVRD (ISIN US2044121000/ WKN 907799) als Outperformer.

Brasilien sei das Rohstofflager der Welt. Nachvollziehbar somit, dass der Boom in China auch die Wirtschaft Brasiliens beflügle. Insbesondere die Ausfuhren der Agrarindustrie und die Rohstoff-Hausse hätten in den vergangenen Jahren für ein stabiles Wachstum gesorgt. Zur Verdeutlichung: Brasilien besteche durch eine starke Agrarindustrie. Beim Export von Zucker, Orangensaft oder Kaffee sei man weltweit die Nummer eins, bei der Ausfuhr von Sojabohnen die Nummer zwei. Alleine Brasilien decke mehr als 60 Prozent der chinesischen Importe an Orangensaft ab und mehr als ein Drittel der Soja- und Tabakeinfuhren. Zudem verfüge Brasilien über die weltweit größten Vorkommen an Eisenerz.

Die Bolsa de Valores de Sao Paulo, kurz Bovespa, sei der größte Handelsplatz für Aktien in Lateinamerika. Der Ibovespa, Leitindex der Bovespa, habe in den vergangenen 52 Wochen um mehr als 40 Prozent klettern können. Ein echter Kurs-Karneval also, der sich in Sao Paulo, der mit knapp 10 Mio. Einwohnern größten Stadt Brasiliens, abgespielt habe. Und: Nach Einschätzung von Marktexperten sei der Kurs-Karneval noch nicht vorbei. Wie das "Handelsblatt" unlängst berichtet habe, würden Brasiliens führende Börsenmakler das Kurspotenzial für 2007 auf durchschnittlich 25 bis 30 Prozent schätzen. Zudem habe Michael Keppler von Keppler Asset Management (New York) in selbigem Presseorgan betont, dass gerade die brasilianischen Aktien mit einem Kurs-Gewinn-Verhältnis von 10,4 noch immer günstiger bewertet seien als der Durchschnitt der Aktien aus anderen Emerging Markets.

Companhia Vale Do Rio Doce, kurz CVRD, sei eines der Schwergewichte an der Bovespa. Die brasilianische Gesellschaft gelte als weltweit größter Förderer von Eisenerz - der Marktanteil liege bei ungefähr einem Drittel. Doch CVRD setze ebenso auf Diversifizierung. Dem entsprechend habe man vor wenigen Wochen knapp 76 Prozent der Anteile am weltweit größten Nickelproduzenten, der kanadischen Inco, erworben. Im zweiten Quartal des laufenden Geschäftsjahres 2006/2007 habe CVRD Umsatzerlöse in Höhe von 4,3 Mrd. US-Dollar erzielt, was einer Steigerung zum gleichen Zeitraum des Vorjahres um 15,9 Prozent entspreche. Noch besser: CVRD habe im zweiten Quartal erneut mit einem Rekordgewinn geglänzt. Unter dem Strich habe man 1,9 Mrd. US Dollar verdient, was einer Steigerung im Vergleich zum Vorjahresquartal um 15,3 Prozent gleichkomme. Die Aktie von CVRD weise momentan ein KGV 2008e von 8,3 auf und erscheine daher als relativ günstig.

Mittel- und langfristig sehen die Experten von "Finanzen & Börse" die CVRD-Aktie als Outperformer. (Ausgabe 02 vom 13.01.2007) (15.01.2007/ac/a/a)

[mickefett]

Jetzt werden nach und nach neue Preise für Pellets mit den Abnehmern klar gemacht. Wie beim Erz auch hier bei den Pellets Steigerungen gegenüber dem Vorjahr:

CVRD settles 2007 pellet prices with the Japanese steelmakers


Rio de Janeiro, January 15, 2007 – Companhia Vale do Rio Doce (CVRD), the world’s largest iron ore producer, has concluded the blast furnace pellet price negotiations for 2007 with the Japanese steelmakers – Nippon Steel Corporation, JFE Steel Corporation, Sumitomo Metals, Kobe Steel and Nisshin Steel.

As an outcome of these negotiations, the prices for blast furnace pellets, Fob Tubarão and Ponta da Madeira, increased by 5.28% relatively to the 2006 reference prices.

CVRD reinforces its commitment with clients, continuing to invest a substantial amount of resources to add new capacity of high quality pellets to meet client needs in the near future.




For further information, please contact:
[phone]
Roberto Castello Branco: [e-mail]
Alessandra Gadelha: [e-mail]
Daniela Tinoco: [e-mail]
Marcelo Silva Braga: [e-mail]
Theo Penedo: [e-mail]
Virgínia Monteiro: [e-mail]

[debull]

Bedrohlicher EngpassEisenerzproduktion.
Die Eisenerzproduktion wächst kräftig, doch die Nachfrage steigt noch schneller. Es ist vor allem der gewaltige Infrastruktur-Aufholbedarf in China, der sie treibt. Die Rohstoffriesen reagieren darauf, doch oftmals können sie der Entwicklung nur zuschauen. Der enorme Boom der vergangenen Jahre hat die Kapazitäten an Mensch und Material aufgezehrt

Warum erschließen die großen Rohstoffkonzerne nicht mehr neue Eisenerzminen? Leigh Clifford, Chef von Rio Tinto, hat die Frage schon zu oft gehört. Seufzend erhebt er sich aus dem Ledersessel in seinem Büro, holt einen Weltatlas aus dem Regal und schlägt die Afrika-Karte auf. „Hier, zum Beispiel Kongo“, sagt er und setzt den Finger mitten in den grünen Urwald. „Das Potenzial ist groß, aber wo die Mineralien sind, gibt es keinerlei Infrastruktur. Das ist wahrscheinlich tausend Kilometer von der Küste entfernt.“ Diamanten kann man im Aktenkoffer ausfliegen, Erze nicht. Sie brauchen eine Eisenbahnstrecke und einen Hafen – ganz zu schweigen von der politischen Stabilität, die ein auf Jahrzehnte angelegtes Investment erfordert.

Und dann sind da noch die Investoren: Sie wollen vor allem Cash. Statt die Abermilliarden Gewinne des aktuellen Booms in neue Projekte zu stecken, sollen die Konzerne sie lieber ausschütten, fordern Analysten und Fondsmanager. Sie sehen die Gefahr, dass sie sonst von Kostensteigerungen aufgefressen werden. Die Chefs der Rohstoffgiganten müssen also die richtige Balance zwischen den Erwartungen der Kunden und der Anleger finden.

Drei Milliarden Dollar hat Rio Tinto, einer der drei großen Eisenerzförderer, seit Ende 2003 in den Ausbau seiner Produktion in Australien gesteckt. Eine weitere Milliarde soll bis 2008 folgen. Dann wird der Ausstoß der gigantischen australischen Erzminen des Konzerns innerhalb von fünf Jahren von 130 auf 217 Mill. Tonnen im Jahr gewachsen sein. Auch Konkurrent BHP Billiton will hier eine weitere Milliarde ausgeben.

Die beiden britisch-australischen Konzerne beherrschen zusammen mit dem brasilianischen Weltmarktführer Companhia Vale do Rio Doce (CVRD) fast drei Viertel des Eisenerzhandels. Ein komfortables Oligopol, das gewaltige Preissteigerungen ermöglicht. Einen Preissprung um 71,5 Prozent mussten die Stahlhersteller Ende 2004 verdauen, plus 19 Prozent waren es ein Jahr später, und 9,5 Prozent schlugen die Rohstoffkonzerne im Dezember drauf.

Die Eisenerzproduktion wächst kräftig, doch die Nachfrage steigt noch schneller. Es ist vor allem der gewaltige Infrastruktur-Aufholbedarf in China, der sie treibt. Die Rohstoffriesen reagieren darauf, aber es dauert viele Jahre, bis eine neue Mine mit der Produktion beginnt.

Die größten Erzproduzenten sind heute Australien, Brasilien und China. In Australien wird Eisenerz nach Schätzungen der Regierung im laufenden Jahr Kokskohle als Exportprodukt Nummer eins überflügeln. Beides sind Vorprodukte für Stahl. Wie in den sechziger Jahren die japanischen Stahlkonzerne, so drängeln sich heute die chinesischen um Beteiligungen an neuen Minenprojekten auf dem Kontinent. In Brasilien hat CVRD kürzlich die Erzmine Brucutu eingeweiht, die mit zwölf Millionen Tonnen die größte Startkapazität aller Zeiten aufweist. Von 270 Mill. Tonnen 2006 will der Konzern seine Produktion auf 400 Mill. 2011 steigern. Das wäre eine Vervierfachung in nur zehn Jahren. Auch hier sind Chinesen als Co-Investoren dabei.

Quelle:http://www.wiwo.de

[mickefett]

CVRD 2006 earnings release

Rio de Janeiro, January 16, 2007 – Companhia Vale do Rio Doce (CVRD) will release its 2006 earnings on Wednesday, March 7, 2007 after market close. CVRD will release simultaneously consolidated financial statements in US GAAP (generally accepted accounting principles in the United States) and BR GAAP (generally accepted accounting principles in Brazil).

CVRD will host a conference call and webcast on Thursday, March 8, 12:00 p.m. Rio de Janeiro Time, 10:00 a.m. Eastern Standard Time and 3:00 p.m. British Standard Time.



For further information, please contact:
[phone]
Roberto Castello Branco: [e-mail]
Alessandra Gadelha: [e-mail]
Daniela Tinoco: [e-mail]
Marcelo Silva Braga: [e-mail]
Theo Penedo: [e-mail]
Virgínia Monteiro: [e-mail]

[debull]

09.01.2007 - 17:31
CVRD: Studienergebnisse über Goro-Projekt in zwei Monaten
SAO PAULO (Dow Jones)--Der brasilianische Bergbaukonzern Cia Vale do Rio Doce (CVRD) sucht noch nach den besten Wegen zur Entwicklung seines Goro-Nickelprojekts im französischen Überseeterritorium Neukaledonien. CVRD-Direktor Tito Martins sagte in einem Interview der Nachrichtenagentur Estado, es seien neue Machbarkeitsstudien im Gange, deren Ergebnisse in den beiden kommenden Monaten vorliegen dürften. Die Projektkosten von Goro haben sich dramatisch erhöht. Lagen die ursprünglichen Schätzungen noch bei 2,15 Mrd USD, bezifferte sie CVRD im vergangenen November auf 3 Mrd USD. Zwar werfe das Unternehmen einen erneuten Blick auf die Kosten für die Erschließung der Nickelreserven von Goro, meinte Martins, die Investitionsentscheidungen von CVRD würden aber nicht von der jüngsten Volatilität der Basismetallpreise berührt. Der Rückgang des Nickelpreises von seinen historischen Höchstständen würde den Investitionszeitplan des Unternehmens nicht durcheinander bringen. Er sieht die Anpassung der Commodity-Preise mehr mit dem Terminmarkt als mit der realen Situation von Angebot und Nachfrage verknüpft. "Es spiegelt nicht das wider, was in der realen Welt geschieht, und aus diesem Grund beeinträchtigt es auch nicht unsere Investitionen."

Das Goro-Projekt stellt eine der größten Nickelminen der Welt dar, die derzeit entwickelt werden. Die erwartete Produktionskapazität liegt bei 60.000 t Nickel jährlich. Es wird als ein wichtiger Swing-Faktor in der kritisch knappen Versorgung des Markts gesehen, gleichzeitig spielt es eine wichtige Rolle für die Expansion von CVRD in der asiatisch-pazifischen Region. Das Vorhaben ist aber auch von Schwierigkeiten begleitet, welche den Fortgang verzögern und die Kosten in die Höhe treiben. CVRD hat Goro beim 17,6 Mrd USD teuren Kauf des kanadischen Nickelunternehmens Inco im vergangenen Oktober mit übernommen. Im Dezember hatten Roger Agnelli und Fabio Barbosa, Präsident bzw CFO des Unternehmens, den Betrag von 3 Mrd USD für die Entwicklung der Mine als wahrscheinlich übertrieben bezeichnet. Durch die laufenden Machbarkeitsstudien wolle man Wege finden, um die Entwicklungskosten zu reduzieren. Eigentlich sollte Goro Mitte 2008 fertiggestellt sein und danach die Produktion auf die installierte Jahreskapazität von 60.000 t gebracht werden. Mittlerweile wird die erste Produktion erst Ende 2008 erwartet. DJN/DJG/bdz/9.1.2007

[ballard1]

Frag mich ab wann man mal beginne kann, erste Positionen zu verkaufen um auch mal Gewinne mitzunehmen.
Div. gibts ja im April, wann ist ex. Div.?

thanx

ballard1

[mickefett]

CVRD announces proposal in 2007 dividend: US$ 1.65 billion

Rio de Janeiro, January 23, 2007 - Companhia Vale do Rio Doce (CVRD) hereby announces that its Senior Management has approved and will submit to the Board of Directors a proposal for dividend payment of US$ 1.65 billion to shareholders in 2007. The payment will be made in two equal installments, on April 30 and October 31, 2007, and corresponds to US$ 0.68289232 per outstanding common and preferred shares.

Payments will be made in Brazilian reais, converted to the US dollar according to the Brazilian real/US dollar exchange rate (Ptax–Option 5) published by the Central Bank of Brazil on the business day prior to the Board of Directors meeting that approves the dividend proposal.

The dividend proposed for 2007, of US$ 1.65 billion, represents an increase of 27% over the total dividend paid in 2006, US$ 1.3 billion, and a raise of 77.6% over the average annual dividend for the last five years. At the same time, it is consistent with CVRD's financial policy guidelines, which aim to preserve a healthy balance sheet and, more specifically, a level of leverage indicative of a low-risk debt profile.

From 2001 to 2006, total return to CVRD's shareholders was 42.7% per year, reflecting the value creation process embedded into the execution of the Company’s long-term strategy. Despite the significant increase in our share prices, the return of capital to shareholders through dividends resulted in an average dividend yield of 4.7% p.a. over this period.


For further information, please contact:
[phone]
Roberto Castello Branco: [e-mail]
Alessandra Gadelha: [e-mail]
Daniela Tinoco: [e-mail]
Marcelo Silva Braga: [e-mail]
Theo Penedo: [e-mail]
Virgínia Monteiro: [e-mail]

[ballard1]

CVRD will Dividende um 27% anheben

Datum 23.01.2007 - Uhrzeit 14:57 (© GodmodeTrader - http://www.godmode-trader.de/)

Der weltgrößte Eisenerzproduzent CVRD will seine Dividende in diesem Jahr auf 1,65 Milliarden Dollar erhöhen. Das entspricht einer Anhebung gegenüber dem Vorjahr um 27%. Das Management habe einen solchen Schritt beschlossen und werde den Vorschlag nun dem Aufsichtsrat unterbreiten. Die Dividende soll halbjährlich am 30. April und am 31. Oktober ausgeschüttet werden. Pro Aktie sollen dann 0.68289232 US Dollar ausgeschüttet werden.

[hanshans1234]

Hat einer eine Ahnung was mit der Aktie los ist. In Brasilien nur Supernachrichten und hier geht sie seit gestern in den Kelle?

[ballard1]

Antwort auf Beitrag Nr.: 27.294.544 von hanshans1234 am 30.01.07 13:56:20

seit gestern in den Keller?
der war gut, man die Aktie ist minimal unter dem ATH!!
Übrigens kann unter Umständen auch die Währung ne Rolle spielen.

[hanshans1234]

Antwort auf Beitrag Nr.: 27.295.357 von ballard1 am 30.01.07 14:32:37

Die Währung kann es nicht sein. Der Real ist seit 2 Tagen nahezu unverändert zum US Dollar und dieser hat sich zum Euro auch fast nicht verändert.
Die brasilianische Presse ist seit vorgestern voller Lobeshymnen über CVRD und alle kommentieren extrem positiv die geplanten Investitionen.

[ballard1]

Vale do Rio Doce steigert Investitionen um 40 Prozent

Brasilia 29.01.07 (emfis.com) Der Rohstoffkonzern Vale do Rio Doce hat am Freitag seine Investitionsplanung für das laufende Jahr vorgelegt. Demnach geht der brasilianische Konzern 2007 von Ausgaben im Umfang von 6,3 Milliarden Dollar aus. 2006 hatte dieser Betrag noch bei 4,5 Milliarden Dollar gelegen.

Wie CVRD mitteilte, werde ein Großteil der Anschaffungen in die Sparten jenseits des Kerngeschäftsfeldes Eisenerz fließen. Der Schwerpunkt liege zudem in der Integration der zuletzt getätigten Akquisitionen. Dies betreffe insbesondere den ehemaligen kanadischen Nickelminen-Betreiber Inco. Die Produktion von Eisenerz solle 2007 von 264 Millionen Tonnen im vergangenen Jahr auf 300 Millionen Tonnen gesteigert werden.

[mickefett]

CVRD’s subsidiary CVRD Inco announces new senior management appointments


Rio de Janeiro, January 30, 2007 – Companhia Vale do Rio Doce (CVRD) announces that CVRD Inco’s Board of Directors appointed a new senior management team.

Murilo Ferreira was appointed President and Chief Executive Officer of CVRD Inco, replacing Scott Hand, who is retiring. Murilo remains as a member of the CVRD Executive committee and will be responsible for the nickel business as well as for marketing and sales of copper and aluminum products.

Leonardo Moretzsohn, formerly Director of the Department of Internal Controls of CVRD, is the new Executive Vice-President and Chief Financial Officer. Leonardo is replacing Bob Davies, who is leaving the company.

Scott McDonald will replace Mark Daniel, who is retiring, as Executive Vice-President, Human Resources.

Mark Cutifani, Peter Goudie, and Simon Fish will retain their current positions as Executive Vice-President and Chief Operating Officer, Executive Vice-President Marketing & Sales, and Executive Vice-President and General Counsel respectively.

Phil du Toit, who was recently appointed Executive Vice-President, Goro Nickel Project, will join the Management Committee.

Roger Agnelli, CVRD Chief Executive, commented: “This executive team brings a wealthy experience and knowledge of the metals and mining business acquired at CVRD and the former Inco operations. We look forward to the significant contribution each will make to our company. Murilo Ferreira is a person in whom we have the utmost confidence to lead the development of our newest growth platform”.

“Our integration teams did a superb job at integrating the two businesses. CVRD emerges from the acquisition of Inco as the second largest mining company in the world and we will continue our quest for value creation”.


For further information, please contact:
[phone]
Roberto Castello Branco: [e-mail]
Alessandra Gadelha: [e-mail]
Daniela Tinoco: [e-mail]
Marcelo Silva Braga: [e-mail]
Theo Penedo: [e-mail]
Virgínia Monteiro: [e-mail]

[ballard1]

Antwort auf Beitrag Nr.: 27.294.544 von hanshans1234 am 30.01.07 13:56:20

biste jetzt endlich ma zufrieden?

[ballard1]

Antwort auf Beitrag Nr.: 27.350.769 von ballard1 am 01.02.07 17:03:08

seit 1.2. kein Posting mehr?
Schade dass sich Petrobras nicht von der CVRD Performance abschaut!

[mickefett]

Antwort auf Beitrag Nr.: 27.731.560 von ballard1 am 15.02.07 20:36:16

Na ja, wenn ich nicht ab und zu mal auf die Homepage von CVRD schauen würde und die Neuigkeiten hier rübersetzen würde, dann wäre hier gar nichts los.
Das hier war jetzt die letzte Neuigkeit:



CVRD has its BBB rating affirmed

Rio de Janeiro, February 13, 2007 – Companhia Vale do Rio Doce (CVRD) announces that Standard & Poor’s Ratings Services (S&P) affirmed its BBB corporate credit rating and removed the Company from CreditWatch, where it was placed on October 14, 2006, with negative implications.

Simultaneously, S&P said that the issuance of a hybrid debt instrument, with a significant equity component, is no longer a requirement to maintain CVRD’s BBB rating level.

The rating action is associated to the refinancing under favorable conditions of a substantial part – 84% – of the bridge loan to finance the acquisition of Inco Ltd. and to the leading position of CVRD in the global iron ore and nickel markets and their strong fundamentals. S&P believes that the Company will be able to use its strong free cash flow to reduce debt throughout 2007 and 2008.

S&P announcement is consistent with our strong confidence in the future operational and financial performance of CVRD, underlying the decision of our Board of Directors to approve a capex program of US$ 6.3 billion and a dividend distribution of US$ 1.65 billion for 2007.


For further information, please contact:
[phone]

Roberto Castello Branco: [e-mail]
Alessandra Gadelha: [e-mail]
Daniela Tinoco: [e-mail]
Marcelo Silva Braga: [e-mail]
Theo Penedo: [e-mail]
Virgínia Monteiro: [e-mail]

[jensdab]

Antwort auf Beitrag Nr.: 27.732.155 von mickefett am 15.02.07 21:14:02

Da ich auch in CVRD investiert bin seit Nov. 2005 mit 41 % im Plus und seit kurzem mit einem Call auch mit 40 % im Plus bin, schaue ich auch ab und zu hier herein.
In den letzten Wochen hat CVDR gut zugelegt und ist ziemlich stabil.
Das hat sicher u.a. mit der Übernahme von Inco zu tun.

Insgesamt ist CVRD ein recht solider Wert mit reichlich Potential.

Denke aber auch schon mal über Teil- Gewinnmitnahmen nach vielleicht nach der Dividendenzahlung.

Habe mich nach Gründen gefragt für die kürzlichen Kurssteigerungen und bin auf eine News von Blumberg gestoßen. Das hat mit dem Anstieg des Nickel Preises zu tun.

Das sind ja auch recht gute news.

Cia. Vale do Rio Doce (VALE5 BS), the world's largest iron ore miner and the owner of Canadian nickel miner Inco, rose 62 centavos, or 1 percent, to 64.30 reais. Nickel gained for a third straight session in London, trading near a record, as speculation grew that dwindling stockpiles would create a shortage of the metal. Stockpiles of nickel tracked by the LME gained 66 tons to 3,990 tons, the exchange said today in a daily report. That's less than one day of global consumption estimated at 1.4 million tons this year by Deutsche Bank.

Petroleo Brasileiro SA (PETR4 BS) gained 42 centavos, or 0.9 percent, to 45.17 reais. Crude oil prices rose on higher fuel demand as refineries began equipment maintenance and switch from making heating oil to making gasoline in anticipation of the summer driving season.

[mickefett]

Antwort auf Beitrag Nr.: 27.734.888 von jensdab am 16.02.07 00:58:32

Ich finde es ja lustig, wie CVRD so jedes Jahr Preisverhandlungen mit den größten Stahlkochern der Welt um die Lieferung von Eisenerz führt und jedes Jahr (mindestens in den letzten 3 Jahren) beträchtliche Preiserhöhungen und Vergrößerung der Liefermenge dabei herausholt. Das ist sicher neben dem Erwerb von INCO und der stetigen Verknappung von Nickel ein wesentlicher Faktor für die Performance von CVRD.
Ich bin jetzt seit Oktober 2005 dabei und liege bei einem Plus von 60% steuerfrei - das ist doch schön.

[ballard1]

Antwort auf Beitrag Nr.: 27.741.789 von mickefett am 16.02.07 10:48:20

das ist wirklich sehr schön für Dich;-)
Bin noch etwas in der Spekufrist,..........1/3 Gewinne mitgenommen.
Auch wenn der Bovespa immer weiter stürmt, er ist einer der günstigsten Indices weltweit

[trick17-2]

CVRD ist wirklich sehr schön gelaufen.

Jetzt wird ein Teil der Logitik an die
Börse gebracht, was die Fokussierung
von CVRD auf die Rohstoffseite erhöhen wird.

Ich stehe kurz vor dem Ausstieg,
die Aktie ist doch mächtig gelaufen.
Im Vergleich zu Rio Tinto für meinen
Geschmack zu sehr.

Rio hat das Geld noch nicht ausgegeben,
wie CVRd für Inco, so dass ich hier
zurzeit mehr Potential sehe.

Brasilianische Aktien sind halt sexy zurzeit.
Und in dem Emerging Market-Fonds ist CVRD
in den Top5.

Rio Tinto hat keiner auf den Zettel im Moment,
wird sich aber wieder ändern.

trick17

[mickefett]

Antwort auf Beitrag Nr.: 27.785.432 von trick17-2 am 18.02.07 01:19:10

Hier ist die Presseveröffentlichung über den Börsengang einer Logistik-Filiale von CVRD. Das müßte ja die Fokussierung auf Rohstoffe erhöhen und wieder Geld in die Kasse bringen:

CVRD files initial public offering of Log-In Logística


Rio de Janeiro, February 16, 2007– Companhia Vale do Rio Doce (CVRD) hereby announces that it will file an application with the Brazilian Securities Commission (CVM) for the registration of a public offer for the primary and secondary distribution of the common shares of its subsidiary Log-In Logística Intermodal S/A (Log-In Logística), as follows:

a) The primary and secondary public distribution on the Brazilian over-the-counter market will be coordinated by Banco UBS Pactual S.A., pursuant to the procedures set out under CVM Instruction Nº 400, of December 29, 2003;

b) The secondary public offering of shares of Log-In Logística will be carried out by CVRD;

c) Efforts will also be made to place the shares outside Brazil, through transactions exempt from registration in accordance with the terms of the US Securities Act of 1933, as amended (Securities Act) through investment mechanisms in compliance with Brazilian laws and regulations to certain qualified institutional buyers - as defined under Rule 144A of the US Securities and Exchange Commission (SEC) – and to investors outside the US and Brazil that are not US persons – as defined in the SEC Regulation S - through investment mechanisms in compliance with Brazilian laws and regulations, respecting the applicable law in the country in which each investor is domiciled.

About Log-In Logística

Log-In Logística is a logistics company that offers inter-modal services, with integrated solutions including port services and door-to-door transportation of containers by sea and rail, complemented by short haul trucking, as well as the handling and storage of containers at land-based cargo terminals.

The inter-modal services of Log-In Logística involve the following assets and activities: (i) management and operation of a container maritime terminal – Terminal Vila Velha S.A. -TVV, (ii) coastal shipping – DCNDB Overseas S.A., (iii) railroad transportation, based on third-party assets, supported by a contract with Ferrovia Centro-Atlântica - FCA, (iv) operations at intermodal and dry port terminals, (v) short haul trucking and (vi) logistics planning and management services.

Inter-modal logistics is part of the general freight business, specialized in the transportation, handling and storage of containerized freight. The assets and activities of Log-In Logística are entirely dedicated to inter-modal logistics, therefore not being components of CVRD's main logistics businesses, which involve the transportation, handling and storage of its products, especially iron ore, and bulk cargo for clients.


For further information, please contact:
[phone]
Roberto Castello Branco: [e-mail]
Alessandra Gadelha: [e-mail]
Daniela Tinoco: [e-mail]
Marcelo Silva Braga: [e-mail]
Theo Penedo: [e-mail]
Virgínia Monteiro: [e-mail]

[hanshans1234]

Auch an einem schlechten Tag gibt es mal gute Nachrichten:

CVRD acquires AMCI Holdings Australia

Rio de Janeiro, February 26, 2007 – Companhia Vale do Rio Doce (CVRD) announces that it entered into a purchase and sale agreement to acquire 100% of AMCI Holdings Australia Pty (AMCI HA) for AUD 835 million.

AMCI HA is a privately held company headquartered in Brisbane, state of Queensland, Australia, which operates and controls coal assets through unincorporated joint ventures. CVRD’s stake is equivalent to a nominal production capacity of 8.0 million tons of coal (predominately coaking coal) and reserves of 103 million tons. AMCI HA had net debt of AUD 157 million as of November 30, 2006.

Located in two of the best Australian coal producing regions – Hunter Valley, state of New South Wales, and Bowen Basin, state of Queensland - AMCI HA’s main coal assets are the following:

(a) Integra Coal Joint Venture (Integra Coal), Hunter Valley, open cast and underground mines. AMCI HA owns 61% of Integra.
(b) Carborough Downs Joint Venture (Carborough Downs), Central Queensland, underground mine ramping up to full capacity in 2009/2010. AMCI HA owns 80% of Carborough Downs.
(c) Isaac Plains Joint Venture (Isaac Plains), Central Queensland, open cast mine ramping up to full capacity by 2009/2010. AMCI HA owns 50% of Isaac Plains.
(d) Broadlea Joint Venture, Central Queensland, open cast mine, which is 100% owned by AMCI HA.
(e) An extensive and highly prospective coal exploration portfolio that is also included with this acquisition - potential for 3.0 billion tons of non-audited mineralized material.

Investment in the coal business is an important part of CVRD’s growth strategy. Prior to this acquisition, we had already have minority stakes in two Chinese companies - Shandong Yankuang International Coking Co. and Henan Longyu Energy Resources Ltd. - and we are presently concluding a feasibility study to develop a large coal deposit in Mozambique, Moatize, and a pre-feasibility study of the Belvedere deposit in the Bowen Basin, State of Queensland, Australia.

The acquisition of AMCI HA creates a strong growth platform to develop CVRD’s coal business and contributes to diversify our product portfolio, providing simultaneously geographic diversification into an investment-grade and one of the richest natural resources countries in the world, Australia. It allows access to operating assets, with logistics infrastructure and high growth potential. Jointly with world-class mining assets, the acquisition of AMCI HA brings a highly skilled and seasoned team in coal project development, operations and marketing, which will be important to support our expansion.



Handelsblatt.com - Unternehmen / Industrie
Die Aufkäufer aus Brasilien
Donnerstag 15. Februar 2007, 11:29 Uhr


Von Null auf Hundert in fünf Jahren – so könnte man die Entwicklung des brasilianischen Rohstoffkonzerns CRVD in kurzen Worten beschreiben. Denn in dieser Zeit hat sich der ehemals reine Eisenerzproduzent zum zweitgrößten Bergbaukonzern weltweit aufgeschwungen. Teil 9 der Handelsblatt-Serie über die neuen Weltkonzerne.

SÃO PAULO. Offiziell war Tony Trahar vor fünf Jahren für den Abschluss eines Joint Ventures nach Rio de Janeiro zum brasilianischen Erzkonzern Companhia Vale do Rio Doce (CVRD) gereist. Doch der Chef von Anglo American (London: AAL.L - Nachrichten) , des damals drittgrößten Bergbaukonzerns der Welt, hat Größeres im Sinn: Er schlägt dem CVRD-Präsidenten Roger Agnelli die Fusion beider Konzerne zur weltgrößten Bergbaugesellschaft vor.

Der Plan ist durchaus attraktiv, doch Agnelli lehnt dankend ab. "Herr Trahar, Anglo ist zu groß (Anzeige)

für eine Fusion. Sie würden uns einfach schlucken. Vielleicht können wir in vier, fünf Jahren auf Augenhöhe über eine Zusammenarbeit reden", sagt der CVRD-Chef dem Gast aus Südafrika. Dem müssen Agnellis Worte leicht größenwahnsinnig erschienen sein, denn die Offerte zu fusionieren, ist aus seiner Sicht durchaus ein großzügiges Angebot. Der Gold- und Diamantenkonzern mit dem großen Namen spielt schließlich in einer höheren Liga als der kaum bekannte Eisenerzproduzent aus Brasilien; Anglo ist damals, gemessen am Börsenwert, etwa viermal so groß wie CVRD.

Heute, fünf Jahre später, ist genau das eingetreten, was der Brasilianer prophezeit hat: CVRD ist nach einer gewaltigen Akquisitions- und Investitionstour an der Börse mehr wert als Anglo; bei Umsatz und Gewinn haben die Brasilianer den Konkurrenten weit hinter sich gelassen. Nur der Bergbauriese BHP Billiton ist noch größer als CVRD.

Trotzdem wusste bis zum August des vergangenen Jahres kaum jemand etwas mit dem Namen "Rio Doce" – süßer Fluss – anzufangen. Doch die Analysten an der Wall Street mussten spätestens da Notiz von dem Giganten aus Südamerika nehmen, denn Agnelli schaltete sich in das Bietergefecht um den kanadischen Nickelproduzenten Inco ein – und ging als Sieger daraus hervor. 18 Mrd. Dollar in bar zahlten die Brasilianer.

Angesichts der Geschwindigkeit, mit der sich der Konzern seit seiner Privatisierung vor zehn Jahren gewandelt hat, haben nur Experten den Überblick behalten können. 1997 erwirtschaftete die "Vale", wie das Unternehmen in Brasilien genannt wird, Gewinn, war aber ein konturloser Staatskonzern. Der über Jahrzehnte gewachsene Koloss produzierte neben Eisenerz und einem Dutzend anderer Metalle Zellulose, Papier, Stahl und Aluminium, baute Schiffe, besaß Werften und betrieb das größte Schienennetz Südamerikas. Im Zweiten Weltkrieg hatten die USA den Konzern mit Krediten und Bergbautechnologie bei der Gründung unterstützt, um die Erz- und Stahlversorgung ihrer Rüstungsindustrie langfristig zu sichern. Seit den sechziger Jahren war CVRD zum wichtigsten Zulieferer der japanischen Stahlindustrie geworden. In den siebziger Jahren investierte der Konzern dann unter der Militärregierung in alles, was die Generäle in der Hauptstadt Brasília strategisch interessant fanden – also alles, was sich aus Brasiliens Böden herausholen ließ und nicht Landwirtschaft war.

Als es der Investmentbanker Agnelli in den Wirren an die Spitze des Konzerns geschafft hatte, war für ihn klar: CVRD hat das Zeug zum Weltkonzern. "Dem Unternehmen fehlte lediglich der Fokus", resümiert er heute. Er wählte zwei Geschäftsbereiche: Bergbau und Logistik.

Und Agnelli und sein junges Team (NASDAQ: TISI - Nachrichten) brachten den Dampfer Vale auf Fahrt. In nur fünf Jahren verkauften sie ein Dutzend Unternehmen, die nichts mehr mit dem Kerngeschäft zu tun hatten, und übernahmen dafür alle Erzkonzerne in Brasilien. Die waren Anfang des Jahrtausends im New-Economy-Rausch billig zu haben: Selbst Stahlkonzerne wie Thyssen (Xetra: 750000 - Nachrichten) -Krupp waren froh, dass sie CVRD ihre damals unattraktiven Eisenerzminen verkaufen konnten – um es kurz darauf bitter zu bereuen: Denn die Eisenerzpreise steigen seit 2003 kontinuierlich. China ist als neuer Käufer auf den Weltmarkt gekommen. Ein Ende der Hausse ist nicht in Sicht.

Den Brasilianern hilft ihre gute Marktposition

In den Tagebergwerken in Nordbrasilien graben die Abräumbagger seit Jahren Tag und Nacht rund um die Uhr. Kommt es zu Lieferengpässen wie kürzlich, als ein Indiostamm zwei Stunden für höhere Entschädigungen demonstrierte und den Schienenverkehr zur Küste lahm legte, dann stauen sich die Schiffe vor den Atlantikhäfen.

Den Brasilianern hilft ihre gute Marktposition: Zusammen mit BHP Billiton (London: BLT.L - Nachrichten) und Rio Tinto (Stuttgart: 855018 - Nachrichten) kontrollieren sie mehr als zwei Drittel des Erzhandels weltweit. Selbst Stahlriesen wie der Weltmarktführer Arcelor-Mittal haben wenig Einkaufsmacht gegenüber dem Kartell.

Entsprechend profitabel ist das Geschäft: 2006 fuhr CVRD in jedem Quartal neue Rekordgewinne ein. Von Januar bis Oktober war ein Drittel des Umsatzes Nettogewinn – rund 3,6 Mrd. Dollar.

Agnelli nutzt die sprudelnden Milliardengewinne geschickt, um den Konzern auf den unvermeidbaren Abwärtszyklus bei den Erzpreisen vorzubereiten: Er kaufte Inco, investiert in Mosambik in eins der größten Kohlenbergwerke der Welt, inklusive Eisenbahnverbindung an die Küste und Hochseehafen. CVRD ist einer der wenigen ausländischen Konzerne, die den chinesischen Rohstoffkonzernen in Afrika etwas entgegensetzen können.

Auch in der Heimat sorgen die Brasilianer für schlechtere Zeiten vor, indem sie Kunden dazu überreden, dort direkt zu investieren. So baut CVRD mit Thyssen-Krupp für 3,6 Mrd. Dollar in der Nähe von Rio de Janeiro ein gewaltiges Stahlwerk. Zehn Prozent der Investitionen trägt CVRD. Der deutsche Konzern will von Brasilien aus Stahlvorprodukte nach Europa und in die USA exportieren. Vor kurzem hat CVRD dafür mit Thyssen-Krupp einen Liefervertrag für Erz über 15 Jahre im Wert von sieben Mrd. Dollar abgeschlossen. Mit dem chinesischen Konzern Baosteel und der koreanischen Posco (005490.KS - Nachrichten) sind weitere Stahlwerke in Brasilien geplant.

Rätselraten über den weiteren Expanisonskurs

Wie der Expansionskurs weitergehen soll, darüber halten sich Agnelli und seine Vorstände bedeckt. Nur so viel ist sicher: Ihr Ziel ist, den Eisenerzanteil im Portfolio von derzeit rund zwei Drittel der Wertschöpfung bis 2010 auf rund die Hälfte zu reduzieren. Dafür sind Übernahmen im Ausland notwendig.

Deshalb hält sich auf den brasilianischen Finanzmärkten hartnäckig ein Gerücht, dass der Konzern alle Nicht-Eisen-Aktivitäten in einer neuen Holding "CVRD Base Metals" mit Sitz in der Schweiz und einer Notierung an der Londoner Börse bündeln will. Davon wäre vor allem die Produktion von Nickel, Kupfer und Aluminium betroffen. Der Vorteil: Agnelli könnte über die Bergbau-Tochter in London die internationale Expansion einfacher vorantreiben. Vielleicht steht dann auch Anglo American bald auf der Kaufliste der Brasilianer.

[hanshans1234]

CVRD: Standard & Poors loben Übernahme von AMCI


Brasilia 28.02.07 (emfis.com) Die Rating-Agentur Standard & Poor´s hat sich positiv zu den Plänen des Rohstoffriesen Vale do Rio Doce geäußert, den australischen Kohleförderer AMCI Holdings zu übernehmen.

Der Zukauf sei für CVRD insbesondere deshalb ein positiver Schritt, weil er dadurch das Geschäftsmodell einmal mehr auf eine breitere Basis stelle. Diese Diversifikations-Maßnahme mache den brasilianischen Konzern bei einem Rückgang der Preise für Eisenerz und Nickel weniger anfällig.

Im laufenden Jahr werde erwartet, dass Vale do Rio Doce seine Verbindlichkeiten aggressiv abbaue und damit die Bilanzposition verbessere. Dies werde durch das aktuell hohe Preisniveau für Eisenerze sichtlich erleichtert.

Wertpapiere des Artikels:

[debull]

Wirtschaftsnews - 02.03.07

Übernahme-Spekulationen um Alcan - Greift Vale do Rio Doce zu?

Ottawa 02.03.07 (emfis.com) Die Titel des kanadischen Aluminiumkonzerns Alcan waren gestern erneut stark gefragt. Viele Marktteilnehmer gehen derzeit davon aus, dass der nach Alcoa zweitgrößte Aluminium-Konzern der Welt demnächst eine Übernahme-Offerte erhalten könnte.

Mitte Februar hatte die brasilianische Zeitung „Estado de S. Paolo“ gemeldet, dass der Rohstoff-Produzent Vale do Rio Doce (CVRD) eine entsprechende Offerte vorbereite, und sich dabei auf Insider-Informationen berufen. Vale verfüge dank hoher Eisenerz-Preise über üppige Barmittel, die gewinnbringend in der boomenden Aluminium-Industrie eingesetzt werden könnten. Die Londoner „Times“ hatte zudem am 13. Februar berichtet, dass die Minen-Konzerne BHP Billiton und Rio Tinto ebenfalls an einem gemeinsamen Übernahme-Angebot arbeiten würden. Beide Unternehmen hatten zuvor erklärt, durch Zukäufe wachsen zu wollen.

Alcan hat zuletzt neue Investitionspläne vorgelegt und will die Produktion in den kommenden Jahren um rund ein Drittel ausweiten. Für 2007 erwartet der Konzern allerdings ein schwieriges Jahr, da derzeit noch Überkapazitäten bestehen würden.





Quelle: EMFIS.COM, Autor: (gh)

[jensdab]

AP

CVRD 4Q Profit Up 28 Percent

Wednesday March 7, 7:44 pm ET

By Alan Clendenning, AP Business Writer

Iron Ore Miner CVRD's 4th-Quarter Profit Up 28 Percent; 2006 Profit Soars 29 Percent

SAO PAULO, Brazil (AP) -- Profits at CVRD, the world's largest iron ore miner, soared 28 percent in the fourth quarter amid seemingly insatiable global demand for the raw ingredient used to make steel, the company said Wednesday. The miner's profits for all of 2006 rose 29 percent compared with the year before.


Companhia Vale do Rio Doce SA earned 3.4 billion Brazilian reals ($1.8 billion) in the October-December period, or 1.4 reals (66 cents) per share, compared with 2.6 billion reals ($1.2 billion), or 1.2 reals (57 cents) per share, in the same period a year ago.

The result, however, fell short of CVRD's record quarterly earnings posted in the third quarter of 2006, when profits hit 4 billion reals ($1.9 billion), skyrocketing 47 percent compared with the same period a year earlier.

For all of 2006, profits were 13.4 billion reals ($6.7 billion) compared with 10.4 billion reals ($5 billion) for 2005. On a per share basis, CVRD earned 5.56 reals ($2.65) in 2006 compared to 4.54 reals ($2.16) in 2005.

Revenue surged 81 percent to 16.7 billion reals ($7.9 billion) during the quarter, compared with 9.2 billion reals in the fourth quarter of 2005. Annual revenues for 2006 stood at 46.7 billion reals ($22.1 billion), up from 35.4 billion reals in 2005.

CVRD has benefited handsomely from iron ore price increases it managed negotiate with global steel makers due to crushing demand, much of it from China.

The company last year purchased Canada's Inco Ltd., the world's second largest nickel miner, for $16.8 billion. And last month, CVRD announced it will buy Australia's AMCI Holdings Australia Pty for $661 million in cash, moving to boost its presence in coal mining.

The purchase of Inco made the Brazilian company the world's second-largest mining company, after Anglo-Australian BHP Billiton Ltd. Nickel is used in everything from stainless steel to cell phone batteries, and analysts praised the deal for helping to diversify CVRD.

CVRD said its purchase of AMCI is aimed at continuing the company's drive to diversify its mining operations.

The company's American depository shares rose 14 cents, or 0.4 percent, to $34.27 on the New York Stock Exchange before the results were announced Wednesday.



Automatische Übersetzung:

AP

CVRD 4Q Profit herauf 28 Prozent Mittwoch, die 7.,7. März: 44 P.M.

UND Durch Alan Clendenning, AP Geschäft Verfasser

Eisenerz-Bergmann CVRDS 4th-Quarter Profit herauf 28 Prozent; 2006 Profit steigt 29 Prozent an SAO-PAULO, Brasilien (AP) --

Profite an CVRD, das Eisenerzbergmann der Welt größte, angestiegen 28 Prozent im vierten Viertel unter scheinbar unersättlicher globaler Nachfrage nach dem rohen Bestandteil verwendeten, die gesagte Firma zu bilden Stahl, Mittwoch. Die Profite des Bergmannes für alle 2006 stiegen 29 Prozent, die vorher mit dem Jahr verglichen wurden.

Vor Companhia Vale tun Rio Doce SA erwarb 3.4 Milliarde brasilianische reals ($1.8 Milliarde) in der Oktober-Dezember Periode oder 1.4 reals (66 Cents) pro den Anteil, verglichen mit 2.6 Milliarde reals ($1.2 Milliarde) oder 1.2 reals (57 Cents) pro Anteil, an der gleichen Periode einem Jahr.

Das Resultat schritt jedoch vom vierteljährlichen Rekordeinkommen CVRDS unter, das im dritten Trimester von 2006 bekanntgegeben wurde, als Profite 4 Milliarde reals ($1.9 Milliarde) schlugen und schnellte 47 Prozent empor, die mit der gleichen Periode ein das Jahr früher verglichen wurden.

Für die ganze 2006, waren Profite 13.4 Milliarde reals ($6.7 Milliarde) verglichen mit 10.4 Milliarde reals ($5 Milliarde) für 2005. Auf a pro Anteilgrundlage, erwarb CVRD 5.56 reals ($2.65) in 2006 verglichen mit 4.54 reals ($2.16) 2005. Einkommen schwankte 81 Prozent bis 16.7 Milliarde reals ($7.9 Milliarde) während des Viertels, verglichen mit 9.2 Milliarde reals im vierten Viertel von 2005. Jährliche Einkommen für 2006 standen bei 46.7 Milliarde reals ($22.1 Milliarde), herauf von 35.4 Milliarde reals 2005.

CVRD hat stattlich von den Eisenerz-Preiszunahmen, die es vermittelt mit den globalen Stahlherstellern handhabte, die zum Zerquetschen von Nachfrage passend sind, viel von ihm von China profitiert.
Die Firma letztes Jahr kaufte Inco Ltd., das größte Nickelbergmann Kanadas der Welt an zweiter Stelle, für $16.8 Milliarde.
Und letzter Monat, verkündete CVRD es kauft Holdings Australien Pty AMCI Australiens für $661 Million im Bargeld, bewegend, um seine Anwesenheit im Kohlenbergbau aufzuladen. Der Erwerb von Inco bildete zweitgroesste Minenfirma der brasilianisch Firma die Welt, nachdem Anglo-Australisches BHP Billiton Ltd.

Nickel in alles vom rostfreien Stahl zu den Zelle Telefonbatterien benutzt ist, und Analytiker priesen das Abkommen, damit das Helfen CVRD variiert.
CVRD, das sein Erwerb von AMCI besagt ist, wird den Antrieb der Firma fortsetzend, um seine Bergbaubetriebe zu variieren angestrebt.

Die amerikanischen Verwahrungsortanteile der Firma stiegen 14 Cents, oder 0.4 Prozent, bis $34.27 auf der New York Börse vor den Resultaten wurden Mittwoch verkündet.

[mickefett]

CVRD: Meeting the Markets

Rio de Janeiro, March 06, 2007 - Companhia Vale do Rio Doce (CVRD) and the Association of Analysts and Investment Professionals of the Capital Markets – Rio de Janeiro (Associação dos Analistas e Profissionais de Investimento do Mercado de Capitais – Rio de Janeiro (APIMEC-RIO) will host an analysts and investors meeting on Thursday, March 15, 2007.

CVRD will host a breakfast at Porcão Rio’s (Infante Dom Henrique Avenue, Aterro do Flamengo, Rio de Janeiro, Brazil) at 8:30 a.m. Rio de Janeiro time. The meeting will start at 9:00 a.m. Rio de Janeiro time (8:00 a.m. New York time, 12:00 p.m. London time) and will be transmitted live via video webcast through the website www.cvrd.com.br.

Further information will be available on CVRD’s website 24 hours prior to the meeting.


For further information, please contact:
[phone]
Roberto Castello Branco: [e-mail]
Alessandra Gadelha: [e-mail]
Daniela Tinoco: [e-mail]
Marcelo Silva Braga: [e-mail]
Theo Penedo: [e-mail]
Virgínia Monteiro: [e-mail]

[debull]

Der brasilianische Bovespa schob sich um satte 4,95 Prozent nach oben auf 43.218 Punkte. Zuvor war bekannt gegeben worden, dass Brasiliens Industrieproduktion im Januar stärker als erwartet um 4,5 Prozent gestiegen ist. Die Titel des Rohstoffkonzerns Vale do Rio Doce stürmten um 7,7 Prozent aufwärts. Zuvor hatte die Investmentbank JPMorgan erklärt, dass ihrer Meinung nach die weltweiten Eisenerzpreise nur um 10 Prozent und nicht um 15 Prozent fallen dürften

[debull]

Der brasilianische Bovespa schob sich um satte 4,95 Prozent nach oben auf 43.218 Punkte. Zuvor war bekannt gegeben worden, dass Brasiliens Industrieproduktion im Januar stärker als erwartet um 4,5 Prozent gestiegen ist. Die Titel des Rohstoffkonzerns Vale do Rio Doce stürmten um 7,7 Prozent aufwärts. Zuvor hatte die Investmentbank JPMorgan erklärt, dass ihrer Meinung nach die weltweiten Eisenerzpreise nur um 10 Prozent und nicht um 15 Prozent fallen dürften

[debull]

Wirtschaftsnews - von heute 10:02

Chinesische Hafenbetreiber planen Großprojekte - CVRD vor Einstieg?

Peking 08.03.07 (emfis.com) Vale do Rio Doce (CVRD), der größte Eisenerzproduzent der Welt, will sich möglicherweise in die Hafenbetreiber-Gesellschaften Dalian Port oder Tangshan Caofeidian Port einkaufen. Dies meldeten heute „China Business News“ unter Berufung auf CVRD-Chef Roger Agnelli. Es fänden derzeit entsprechende Verhandlungen statt.

Caofeidian betreibt unter anderem den Hafen in Tangshan, der über Schüttgut-Verladekapazitäten von 205.000 Tonnen verfügt. Dort wird auch das neue Stahlwerk der Shougang Group angesiedelt, das 2010 in Betrieb gehen soll.

Darüber hinaus wurde gemeldet, dass die Dalian Port Group gemeinsam mit der IMC Pan Asia Alliance Group aus Singapur ein großes Infrastrukturprojekt auf der Insel Changxing plane. Dabei sollen in der Nachbarschaft der Metropole Dalian neben einem Hafen auch umfangreiche Industrieansiedlungen vorgenommen werden. Angedacht sei vor allem der Aufbau von Großbetrieben im Bereich Stahl- Holz- und Nahrungsmittelverarbeitung im Hinterland des Hafens. Allein IMC will hier in Eigenprojekte rund 700 Millionen Dollar investieren.





Quelle: EMFIS.COM, Autor: (gh

[uak65]

Antwort auf Beitrag Nr.: 28.177.833 von debull am 08.03.07 09:25:47

und warum passt sich in D der Kurs nicht entsprechend an- kann mir das jemand erklären, ich glaubte bisher dass die in D gestellten kurse denen im heimatland anpassen. kann doch nicht am wechselkurs liegen - oder ?

[jensdab]

Antwort auf Beitrag Nr.: 28.187.535 von uak65 am 08.03.07 17:33:44

Donnerstag, 8. März 2007


Eine wahre Erz-Grube



CVRD verdient Milliarden

Der rasante wirtschaftliche Aufschwung in Asien und hohe Rohstoffpreise haben dem weltgrößten Eisenerz-Produzenten CVRD im vergangenen Jahr einen Rekordgewinn beschert. Der brasilianische Konzern verdiente 4,8 Mrd. Euro und damit fast 30 Prozent mehr als 2005. Companhia Vale do Rio Doce profitierte dabei besonders von dem Boom in China, denn die Brasilianer wurden im vergangenen Jahr der größte Eisenerz-Lieferant der Volksrepublik. Mittlerweile verschifft CVRD mehr als 37 Prozent seiner Produktion nach Asien - die Region ist damit der größte Abnehmer.

CVRD machte im vergangenen Jahr mit der milliardenschweren Übernahme des kanadischen Nickelkonzerns Inco Schlagzeilen. In einem monatelangen Übernahmekampf stach das Unternehmen mit einem Angebot von umgerechnet rund 13,5 Mrd. Euro Rivalen wie den US-Kupferproduzenten Phelps Dodge aus. CVRD berücksichtigte den Kauf bereits in seiner Bilanz für das Schlussquartal, für das das Management am Mittwochabend einen Gewinnanstieg von ebenfalls gut 30 Prozent auf 1,2 Mrd. Euro auswies.


CVRD bewertet auch die Geschäftsaussichten für dieses Jahr als gut. Von der Abkühlung des Immobilienmarktes in den USA gingen kurzfristig nur geringe Risiken aus. Zudem dürften die Eisenerz-Preise auf absehbare Zeit hoch bleiben, wenn Chinas Wirtschaft wie erwartet in diesem und im kommenden Jahr um rund zehn Prozent zulegt. Die Verkaufspreise für dieses Jahr erhöhte CVRD im Dezember um fast zehn Prozent. 2006 verkaufte CVRD Eisenerz knapp 20 Prozent teurer, 2005 stiegen die Preise sogar um mehr als 70 Prozent. Zudem steigerte CVRD seine Eisenerz-Produktion im vergangenen Jahr um 13 Prozent auf 271 Mio. Tonnen. Die Firma produzierte auch deutlich mehr Nickel und Kupfer.

Der rasante Anstieg der Rohstoffpreise in den vergangenen Jahren lässt auch die Geschäfte anderer Bergbaukonzerne florieren. So verdiente der australische Weltmarktführer BHP Billiton allein im vergangenen Halbjahr netto über sechs Mrd. US-Dollar und damit 40 Prozent mehr als ein Jahr zuvor. Beim Rivalen Rio Tinto kletterte der Gewinn im zweiten Halbjahr 2006 um ein Viertel auf 3,6 Milliarden Dollar.

[jensdab]

MINING:

ML reaffirms 'buy' recomendation on CVRD


SÃO PAULO, 3/8/07 -

The Merrill Lynch investment bank has reaffirmed a 'buy' recommendation on the shares of Brazilian mining giant Vale do Rio Doce (CVRD) and the target price of US$ 42 per ADR.

According to the institution, the paper's recent volatility has ensured a good buy opportunity, and 2007 will be a key year for the company, as it will consolidate the acquisition of Canadian Inco, ensure its role as a global and diversified mining company and benefit from a rise in nickel prices.SÃO PAULO, 3/8/07 - The Merrill Lynch investment bank has reaffirmed a 'buy' recommendation on the shares of Brazilian mining giant Vale do Rio Doce (CVRD) and the target price of US$ 42 per ADR.

According to the institution, the paper's recent volatility has ensured a good buy opportunity, and 2007 will be a key year for the company, as it will consolidate the acquisition of Canadian Inco, ensure its role as a global and diversified mining company and benefit from a rise in nickel prices.

Quelle:

http://www.gazetamercantil.com.br/Investnews/integraNoticia.…

[uak65]

Antwort auf Beitrag Nr.: 28.196.004 von jensdab am 09.03.07 01:14:53

ist ja richtig und auch der grund weshalb ich auf diesen titel gesetzt habe, was ich aber nicht verstehe ist, dass der kurs in sao paulo ganz offensichtlich stärker steigt als in D. zumindest nach meinem börsenverständnis wird der kurs in D nicht nach dem effektiven handel hier, sondern nach dem in der heimatbörse gestellt, unter berücksichtigung der entsprechenden wechselkurse. wird in brasilien evtl. in usd gehandelt? kann das jemand bestätigen ??
danke

[mickefett]

Antwort auf Beitrag Nr.: 28.198.566 von uak65 am 09.03.07 10:18:13

Versuch doch selbst mal per Arbitrage-Geschäft diese Kursdifferenz auszunutzen. Dann hast Du besten Überblick, warum der Preis in Brasilien höher ist, als bei uns.

[uak65]

Antwort auf Beitrag Nr.: 28.199.247 von mickefett am 09.03.07 10:52:00

na ja ich glaube kaum dass ich mit meinen krümeln und auch mit meinem wissen, da goldene berge erklimmen kann. wenn ich dich aber richtig verstehe, ist dass so ok, dass in D eine geringere steigerung als in sao? würde das auch richtung süden gelten ?

[mickefett]

Antwort auf Beitrag Nr.: 28.205.837 von uak65 am 09.03.07 16:46:44

Nein, OK ist das nicht. Aber ich kann da auch nichts wirksames gegen unternehmen. Aber der Abstand bleibt wenigstens Prozentual gleich.

[jensdab]

Das wird immer besser mit CVRD

- guter Newsflow und auch sonst immer wieder neue Geschäftsaktivitäten.

Ein Investment in CVRD hat den Vorteil der breiten Streuung und relativ wenig Volalität im Gegensatz zu den Rohstoffexplorern mit kleiner MK wo oft Zittern angesagt ist.

Freue mich schon auf die Dividende.




Wirtschaftsnews - 09.03.07

CVRD jetzt weltweit größter Nickelproduzent


Rio de Janeiro 09.03.07 (emfis.com)

Die brasilianische Cie. Vale do Rio Doce meldete jetzt, der russischen Norilsk Nickel den Rang als weltweit größter Nickelproduzent abgelaufen zu haben.

Im vergangenen Jahr habe das Unternehmen 250.600 Tonnen Nickel hergestellt, so der CFO Barbosa, gestern gegenüber Reportern. Im Januar gab Norilsk Nickel bekannt, im Jahr 2006 244.000 Tonnen Nickel produziert zu haben.

Die CVRD hat ihre Größe er Übernahme des kanadischen Nickelproduzenten Inco. Ltd. im vergangenen Oktober zu verdanken. Die CVRD zahlte damals 17,4 Mrd. USD für Inco.

Der Nickelpreis befindet sich derzeit auf einem Rekordhoch von 42.850 USD/Tonne, dreimal so viel wie noch vor einem Jahr.


Quelle: EMFIS.COM, Autor: (cs)







Weitere News:


MINING:

CVRD's exports to China seen growing by 30%

RIO, 3/9/07 - During a press conference on Thursday, a representative of Brazilian mining giant Vale do Rio Doce (CVRD) said that the company's iron ore output is expected to grow by 13% this year, to 300 million tonnes, of which one third shouold be exported to China - 30% more than last year.

The executive also said that since the acquisition of Canadian mining company Inco, in August 2006, CVRD's market value has risen by 15%.RIO, 3/9/07 -

During a press conference on Thursday, a representative of Brazilian mining giant Vale do Rio Doce (CVRD) said that the company's iron ore output is expected to grow by 13;this year, to 300 million tonnes, of which one third shouold be exported to China - 30;

[trick17-2]

Die News, dass sie jetzt bei Nickel Marktführer
sind, ist doch belanglos.
Was interessiert mich, ob die Konkurrenz ein paar
Tonnen mehr oder weniger verkauft als man selbst.
Das ist keine Meldung, das ist heisse Luft.

Die Übernahme von Inco war aber ein Volltreffer,
was die aktuelle Ni-Preise zeigen. Glückwunsch.

CVRD ist auch immer breiter diversifiziert, finde ich
auch Spitze. Auch der Zukauf von Kohle in Australien
passi in das Konzept. Ebenfalls positiv.

Nur: Die Verschuldung ist doch hefitg hochgefahren.
Größere Übernahmen sind wohl erstmal nicht mehr drin.
Und: Die Schulden drücken den Überschuß.
Der Aktienkurs ist in den letzten 6 Monaten auch sehr gut
gelaufen.

China wird weiter Eisenerz verschlingen. Der Emerging-Market-
Abschlag von CVRD, wie vor 1-2 Jahren noch üblich,
ist allerdings verschwunden. Die Aktie wird jetzt
fast schon mit Aufschlag gegenüber Rio Tinto
und BHP gehandelt, wohl wegen des agressiven Wachstums.

Bei BHP und Rio sind die Kassen noch prall gefüllt und
insbesondere Rio Tinto ist längst nicht so gut gelaufen.

BHP und Rio Tinto sind auch noch breiter diversifiziert,
wobei Rio etwas kupferlastig ist.

Mein Favorit ist zurzeit Rio Tinto, nachdem ich 3 Jahre
CVRD im Depot hatte (mittlerweile verkauft).

Viel falsch machen wird man CVRd aber wohl auch nicht,
ist eine Top-Aktie mit Top-Management.

[jensdab]

Scheint wieder aufwärts zu gehen nach der Korrektur.

Kurs bleibt recht stabil trotz des negativen Umfeldes.

und wieder gute NEWS




BUSINESS NEWS
Brazil's CVRD miner mulls Indian investments

By Reuters
Thursday March 15, 09:50 PM

RIO DE JANEIRO (Reuters) -

Companhia Vale do Rio Doce (CVRD), the world's biggest iron ore miner, is considering investments in India where mineral assets are still relatively cheap, CVRD's chief financial officer said on Thursday.

Speaking to analysts and reporters, Fabio Barbosa said that India was on CVRD's radar screen both for short- and long-term investments.

"India has great growth potential," Barbosa said, noting a similarity to how CVRD viewed China in 2002.

In the short term, India will affect the seaborne market through its tax on iron ore exports, he said.

Barbosa added that CVRD was seeking to reduce freight costs by building large iron ore vessels either independently or in association with other companies.

"The cost of freight makes us less competitive in Asia ... we want to change that," he said, noting that shipments to China cost its clients $3 billion in 2006.

Barbosa declined to comment on CVRD's participation in an auction to buy Mitsui & Co. of Japan's 51 percent stake in Indian iron ore exporter Sesa Goa Ltd.

Mitsui is expected to make a decision this week.

[jensdab]

MINING: CVRD wants to build large ships

RIO, 3/15/07 - Mining giant Companhia Vale do Rio Doce (CVRD) on Thursday said it plans on building large ships to offset the high prices of freights.

The company said it has not defined if it will build the vessels in Brazil or overseas yet, and that it will depend on the competitiveness.

RIO, 3/15/07 - Mining giant CVRD on Thursday said it plans on building large ships to offset the high prices of freights.

Transportation is already equivalent to half of the iron ore price: for each US$ 80 worth of raw material, US$ 40 is the freight cost.

[ballard1]

30.03.07

Companhia Vale Do Rio Doce kaufen

Vaduz (aktiencheck.de AG) - Die Experten von "Geldbrief" raten die Aktie von Companhia Vale Do Rio Doce (ISIN BRVALEACNPA3/ WKN 897998, VZ) mit einem Limit bei 24,10 EUR zu kaufen. Gehe es der Stahlindustrie gut, würden auch die Eisenerzproduzenten profitieren. Der bedeutendste unter ihnen sei die brasilianische Companhia Vale do Rio Doce (CVRD). Die Industrialisierung von China und Indien sei dafür hauptsächlich verantwortlich. Zusätzlich würden Fusionen und Übernahmen für ein positives Momentum auch im Rohstoffsektor sorgen. 2006 seien Übernahmen und Einstiegsversuche quasi im Monatsrhythmus verkündet worden. CVRD selbst habe sich die kanadische Inco geschnappt. So sei der weltweite Marktführer bei Eisenerz und Nickel entstanden. Nun würden die Brasilianer über ein breiteres und damit risikoärmeres Rohstoffportfolio verfügen (Eisenerz, Nickel und Kupfer). Die CVRD-Aktie sei mit einem KGV von 7,5 für 2007 mehr als günstig bewertet. Fundamental stehe CVRD hervorragend dar. Der Konzern habe im letzten Jahr mit 4,8 Milliarden Euro einen Rekordgewinn erzielt und sei inzwischen größter Eisenerzlieferant Chinas. Der sehr optimistische Ausblick der Brasilianer für 2007 zeige, dass der China-Boom weitergehe. Ein guter Indikator, dass die Angst der Börsianer vor der Konjunkturschwäche im bevölkerungsreichsten Land der Welt übertrieben gewesen sei. Eine ähnliche Marktposition werde auch im zweiten großen Schwellenländermarkt Indien angestrebt. CVRD biete derzeit für einen 51-prozentigen Anteil an der indischen Erzmine Sesa Goa, der von der japanischen Mitsui & Co. veräußert werde. Die Vorzugsaktien würden in geringen Stückzahlen auch an der Frankfurter Börse gehandelt. Größere Orders ab 20.000 USD sollten direkt an der Börse in New York erfolgen. Die Experten von "Geldbrief" empfehlen den Anlegern die Companhia Vale Do Rio Doce-Aktie mit einem Limit bei 24,10 EUR zu kaufen. Das Kursziel sehe man bei 30 EUR. (30.03.2007/ac/a/a)

[debull]

Interessant, wie gut die Aktie schlechte Nachrichten weg steckt!

CVRD verliert Prozess gegen CSN um Mine "Casa de Pedra"

28. März 2007 | 13:31 Uhr Kommentieren | Artikel drucken | Artikel versenden
Newsticker aus den Emerging Markets übermittelt durch ad-hoc-news.de, ein Nachrichtenportal der trading-house.net AG.
EMFIS.COM - RTE
Brasilia 28.03.07 (emfis.com) Vale do Rio Doce (CVRD) hat in einem Berufungsverfahren gegen den brasilianischen Stahlkonzern Companhia Siderurgica Nacional erneut den Kürzeren gezogen. Das Gericht hatte die bisherige Entscheidung der Justiz bestätigt. Demnach muss Vale entweder der ehemaligen Konzernmutter CSN den Abbau von Eisenerz in der Mine ?Casa de Pedra? überlassen oder seinen Anteil an der Mine ?Ferteco? verkaufen. Argumentiert wurde mit kartell- und wettbewerbsrechtlichen Gründen.

CSN hatte im Zuge der Abspaltung von CVRD Schürfrechte für Casa de Pedra an CVRD abgegeben (EMFIS berichtete). Diese will der Stahlkonzern nun zurückerhalten. Casa de Pedra ist eine der größten Eisenerz-Minen der Welt. CSN hat angekündigt, dort umfangreiche Investitionen vornehmen und das Abbauvolumen weiter steigern zu wollen.

Sie lesen Finanznachrichten und Wirtschaftsmeldungen auf ad-hoc-news.de, ein Presseportal der trading-house.net AG. Weitere Börsennachrichten finden Sie unter www.ad-hoc-news.de & http://www.trading-house.net.

Rainer Hahn ist Gründer und Geselleschafter vom www.emfis.com und Chefredakteur des ASIA und Südamerika EMFISIZER.

[debull]

10.04.2007 - 16:02 Uhr Meldung drucken
CVRD denkt an neue Eisenerzmine in Minas Gerais
SAO PAULO (Dow Jones)--Die Companhia Vale do Rio Doce (CVRD) erwägt den Bau einer Eisenerzmine mit Investitionen von 1,5 Mrd USD im brasilianischen Bundesstaat Minas Gerais. Eine endgültige Entscheidung wird aber erst im weiteren Jahresverkauf fallen, wie die "Gazeta Mercantil" in ihrer Dienstagausgabe berichtet. Als denkbare Standorte werden Santa Barbara und ein Gebiet in der Nähe der CVRD-Mine Brucutu in Sao Goncalo do Rio Abaixo genannt. Der Umfang würde etwa dem von Brucutu entsprechen, dort soll 2007 die Produktionskapazität von jährlich 24 Mio t Eisenerz erreicht werden. Wenn das Projekt genehmigt wird, können die Bauarbeiten der Zeitung zufolge noch vor Jahresende beginnen. DJN/DJG/bdz/10.4.2007

[ballard1]

Macht ja richtig Freude unser Schätzchen, so kanns weiter gehen.
Und die Bewertung ist noch immer ausserordentlich günstig

[mickefett]

Bald Zahltag:

CVRD pays first tranche of 2007 dividend



CVRD pays first tranche of 2007 dividend

Rio de Janeiro, April 16, 2007 – Companhia Vale do Rio Doce (CVRD) informs that its Board of Directors approved today the payment of the first installment of the 2007 dividend to shareholders, US$ 825 million, equivalent to US$ 0.341445895 per outstanding common or preferred class A share, to be made from April 30 onwards.

CVRD´s Executive Board proposal for the dividend to be paid to its shareholders in 2007, publicly disclosed on January 23, 2007, established a minimum amount for the year of US$ 1.650 billion or US$ 0.68289232 per outstanding common or preferred class A share, to be paid in two equal installments, on April 30 and October 31, 2007. The dividend was proposed in accordance with CVRD´s dividend policy.

Form of payment

The first installment of the dividend will be paid according to the following terms:

1. Distribution of R$ 1,669,057,500.00 equivalent to R$ 0,690779191 per outstanding common or preferred class A share. From this amount, R$ 621,650,000.00 equivalent to R$ 0.257284656 per outstanding preferred class A or common share, will be paid in the form of interest on shareholders´ equity, and R$ 1,047,407,500.00 equivalent to R$ 0.433494536 per outstanding preferred or common share, in the form of dividends.


The values were obtained from the conversion of the US dollar amount into Brazilian reais using the exchange rate for the sale of US dollar (Ptax – option 5 code), as informed by the Central Bank of Brazil on April 13, 2007, of R$ 2.0231 per US dollar, as announced on January 23, 2007.

2. The payment will take place from April 30, 2007 onwards. The distribution is subject to with holding income tax in accordance with the applicable Brazilian law.


3. The record date for CVRD shares traded on the São Paulo Stock Exchange, BOVESPA, is April 16, 2007. For the Company's American Depositary Receipts (ADRs) traded on the New York Stock Exchange, NYSE, the record date will be April 19, 2007. All shareholders on these respective record dates will have the right to the dividend payment.


4. CVRD shares will trade ex-dividend in both markets from tomorrow, April 17, 2007.



For further information, please contact:
[phone]
Roberto Castello Branco: [e-mail]
Alessandra Gadelha: [e-mail]
Marcelo Silva Braga: [e-mail]
Theo Penedo: [e-mail]
Virgínia Monteiro: [e-mail]



This press release may contain statements that express management’s expectations about future events or results rather than historical facts. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected in forward-looking statements, and CVRD cannot give assurance that such statements will prove correct. These risks and uncertainties include factors: relating to the Brazilian and Canadian economy and securities markets, which exhibit volatility and can be adversely affected by developments in other countries; relating to the iron ore and nickel business and its dependence on the global steel industry, which is cyclical in nature; and relating to the highly competitive industries in which CVRD operates. For additional information on factors that could cause CVRD’s actual results to differ from expectations reflected in forward-looking statements, please see CVRD’s reports filed with the Brazilian Comissão de Valores Mobiliários and the U.S. Securities and Exchange Commission.

AVISO LEGAL
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[uak65]

unser schätzchen ist schon super fast 50% in knapp 5 Monaten. was glaubt ihr denn wo gehts noch hin ? solange die weltweite konjuktur insbesondere wohl in china noch läuft kann es mit dieser aktie eigentlich nur nach norden gehen - oder ?

[ballard1]

Antwort auf Beitrag Nr.: 28.852.645 von uak65 am 17.04.07 09:57:50

primär schon, großartige Wirtschaftsabschwächung in USA ist nicht in Sicht. China produziert auf Teufel komm raus. Andererseits ist wie erwähnt der Wert sowie der Bovespa zuletzt extrem steil angestiegen, sodass eine Korrektur mehr als im Bereich des möglichen ist. Allerdings ist die Bewertung nachwievor günstig.
Hab mich zuletzt von 1/3 verabschiedet.

[ballard1]

Brasilia 24.04.07 (<a href="http://www.emfis.com/">www.emfis.com</a> Der chinesische Stahlriese Baosteel hat mit Vale do Rio Doce die Verhandlungen zum Bau eines Stahlwerks in Brasilien wieder aufgenommen. Die geplante Anlage soll pro Jahr rund 4 Milliarden Kubiktonnen Stahl-Brammen produzieren. Das Investitions-Volumen wird mit 3 bis 4 Milliarden Dollar veranschlagt. 80 bis 90 Prozent davon soll der chinesische Konzern tragen.

Das Werk soll in der brasilianischen Provinz Maranhao erbaut werden. Dort hat zuletzt ein Regierungswechsel stattgefunden. Die neue industrie-freundliche Regierung dürfte für ein einfacheres Genehmigungsverfahren sorgen.

Vale do Rio Doce (CVRD) ist stark daran interessiert, Stahlwerke ausländischer Produzenten in Brasilien anzusiedeln, um damit den Verkauf von Eisenerz zu stimulieren. Um die geplante Jahresproduktion von 4 Milliarden Tonnen zu erzielen, müsste Baosteel rund 6 Millionen Tonnen Eisenerz abnehmen. Der chinesische Konzern wiederum strebt mit dem brasilianischen Standort Kostenvorteile an. Analysten zufolge würden sich durch die Anlage in Maranhao etwa die Kosten für den Seetransport um 50 Prozent verringern.

[mickefett]

CVRD revises 2007 capex budget to US$ 7.4 billion
Rio de Janeiro, April 26, 2007 – Companhia Vale do Rio Doce (CVRD) hereby announces that its
Board of Directors approved the revision of its investment budget for 2007 to US$ 7.351 billion1, an
increase of US$ 1.017 billion compared to the US$ 6.334 billion budget announced in January 26,
2006. This review basically reflects changes in the average price of currencies in which our expected
disbursement are denominated (US$ 383 million) and additional investments in the nickel operations
(US$ 500 million).
The increase in the investments is consistent with the evolution of the Company’s cash flow and its
financial policy guidelines, which aim to preserve a healthy balance sheet and, more specifically, a
level of leverage indicative of a low-risk debt profile.
According to the revised capex budget, US$ 5.356 billion is to be invested in organic growth, of
which US$ 4.904 billion on projects and US$ 452 million on research & development (R&D). The
maintenance of existing operations has been estimated at US$ 1.995 billion.
US$ 3.125 billion will be spent on non-ferrous minerals, representing 42.5% of the total capex budget
for 2007, given the development of various large projects such as Goro and Onça Puma, which are
extremely important to the consolidation of CVRD as a global leader in the nickel industry.
Investment of US$ 1.869 billion has been earmarked for the ferrous minerals business. US$ 885
million will be allocated to the aluminum division, while US$ 784 million has been allocated to the
Company's logistics business.
2007 INVESTMENT BUDGET
US$ million
By category Revised
budget % Previous
budget %
Organic growth 5,356 72.9 4,636 73.2
Projects 4,904 66.7 4,230 66.8
R&D 452 6.1 406 6.4
Maintenance of existing operations 1,995 27.1 1,698 26.8
Total 7,351 100.0 6,334 100.0
By business area
Ferrous minerals 1,869 25.4 1,635 25.8
Non-ferrous minerals 3,125 42.5 2,550 40.3
Logistics 885 12.0 811 12.8
Aluminum 784 10.7 720 11.4
Coal 224 3.0 209 3.3
Electricity generation 107 1.5 101 1.6
Steel 143 1.9 114 1.8
Others 214 2.9 197 3.1
Total 7,351 100.0 6,334 100.0
The major projects in terms of financial disbursement in 2007 are: Goro (US$ 938 million), Onça
Puma (US$ 658 million), Alunorte 6&7 (US$ 520 million), Itabiritos (US$ 417 million), Paragominas II
(US$ 115 million) and Fazendão (US$ 111 million), together with investments in logistics necessaryto sustain the expansion of our iron ore operations. The new budget includes investments of US$ 78
million in Salobo I project in 2007.
Goro is one of the largest and best lateritic nickel deposits in the world. It is located in New
Caledonia, in the South Pacific, with proven and probable reserves of 120 million tons, with a nickel
content of 1.48%, and cobalt content of 0.11%. The estimated production capacity is 60,000 tons a
year of finished nickel and 4,600 tons of cobalt.
The project was recently subjected to revision, in which was included the implementation of
measures to reduce environmental, operational and technology risks. Its total cost was estimated in
US$ 3.212 billion, of which US$ 1.435 billion was already spent from 2001 to 2006. Disbursement of
US$ 938 million is budgeted for 2007. The start-up of operations of Goro will occur in the end of
2008.
Salobo I is a project for the production of copper concentrate, with an estimated nominal capacity of
100,000 tons a year of copper in concentrate form, with an annual production of 130,000 oz. of gold
as by-product, based on the deposit of Salobo, located in Carajás region, in the Brazilian state of
Pará. Salobo has proven and probable reserves of 385 million tons, with copper content of 0.87%.
The cost of the project is estimated at US$ 855 million. The start-up of the development is
conditioned to some government approvals including an appropriate tax structure.
Description of main projects
Budgeted
Area Project US$ million
2007
Revised
2007
Previous Total
Status
Expansion to iron
ore production
capacity at Carajás
to 130 Mtpa –
Northern system
66 14 1,828
This project will add 30 million tons a year of
production capacity to CVRD, with the building of a
new plant, consisting of primary crushing, and
processing and classification units. Completion
scheduled for 2009. Subject to approval by the
Board of Directors.
Fazendão iron ore
mine –
Southeastern
system 111 101 129
Project for the production of 15.8 million tons of
ROM (unprocessed ore) iron ore per year. This
project will make it possible for Samarco’s third
pellet plant to begin operations. Works began in
2H06 and will be completed in 1Q08, with the startup
of operations.
Ferrous
minerals
Itabiritos
417 385 759
Construction of a pellet plant in Minas Gerais, with a
nominal production capacity of 7 million tons a year,
and an iron ore concentration plant. Operational
start-up is scheduled for the second half of 2008.
Cobre – Salobo I
78 - 855
The project will have an estimated nominal capacity
of 100,000 tons a year of copper in concentrate
form.
Non-ferrous
minerals
Vermelho - nickel
mine 97 92 1,452
Annual production capacity is estimated at 46,000
tons of nickel in ferronickel form and 2,800 tons of
cobalt. The process of obtaining of an environmental
licence is ongoing.
Onça Puma -
nickel mine
658 613 1,437
The project will have a nickel production capacity of
58,000 tons a year. Construction began in July 2006
and the supply of the main equipment has already
been contracted. Operational start-up is scheduled
for 2H08.
Níquel – Goro
938 680 3,212
The project has na estimated production capacity is
60,000 tons a year of finished nickel and 4,600 tons
of cobalt. Production start-up is scheduled for 2009.
Alunorte modules 6
and 7 – alumina 520 473 846
The project for the construction of modules 6 and 7
will increase refinery production capacity to 6.26
million tons of alumina per year. Completion is
Aluminum scheduled for 2Q08.
Paragominas II -
bauxite mine 115 105 196
The second phase of Paragominas will add 4.5
million tons to the capacity of 5.4 million tons a year
obtained in the first phase. Completion is scheduled
for 2Q08.
For further information, please contact:
[phone]
Roberto Castello Branco: [e-mail]
Alessandra Gadelha: [e-mail]
Marcelo Silva Braga: [e-mail]
Theo Penedo: [e-mail]
Virgínia Monteiro: [e-mail]

[mickefett]

Mitsui verkauft EBM-Beteiligung an CVRD für 114 Mio. Dollar

Tokio (aktiencheck.de AG) - Die Mitsui & Co. Ltd. (ISIN JP3893600001/ WKN 853656), die zweitgrößte Handelsgesellschaft in Japan, hat mit dem brasilianischen Minenkonzern Companhia Vale do Rio Doce (CVRD) (ISIN US2044121000/ WKN 907799) eine Vereinbarung zum Verkauf ihrer Beteiligung an dem Eisenerzunternehmen Empreendimentos Brasileiros de Mineração S.A.(EBM) geschlossen.
Unternehmensangaben vom Mittwoch zufolge erhält Mitsui für die 3,1-prozentige Beteiligung an EBM eine Zahlung in Höhe von 114,5 Mio. Dollar. CVRD hält derzeit 80 Prozent der EBM-Anteile.

Die Aktie von Mitsui & Co. schloss heute in Tokio bei 2.230 Japanischen Yen (+2,29 Prozent). Die Aktie von CVRD ging in New York gestern mit 40,27 Dollar aus dem Handel. (02.05.2007/ac/n/a)

Quelle:Finanzen.net 02/05/2007 11:35

[mickefett]

Antwort auf Beitrag Nr.: 29.092.307 von mickefett am 02.05.07 11:58:13

Bei den Erzvorkommen in Brasilien scheint man sich mehr auf die 100% zuzubewegen:

CVRD to capture synergies from MBR

Rio de Janeiro, May 2, 2007 – Companhia Vale do Rio Doce (CVRD) signed contracts with its Japanese partners on Empreendimentos Brasileiros de Mineração S. A. (EBM) – Nippon Steel Corporation (NSC), JFE Steel Corporation (JFE), Itochu Corporation (Itochu), Mitsui & Co. Ltd. (Mitsui), Sumitomo Metal Industries Limited (SMI), Sumitomo Corporation (Sumitomo), Marubeni Corporation (Marubeni), Mitsubishi Corporation (Mitsubishi), Kobe Steel Limited (Kobe) and Nisshin Steel Co. Ltd. (Nisshin) – to allow the Company to exploit synergies with its subsidiary Minerações Brasileiras Reunidas S. A. (MBR).

EBM, which is 80% owned by CVRD and 20% by the Japanese partners, has as its main asset a 51% stake in MBR. MBR is controlled by CVRD, which has a 89.8% interest – directly and through its stake in EBM.

MBR produced 64.6 million metric tons (mt) of iron ore in 2006, being the fourth largest producer worldwide. MBR owns world class assets, with proven and probable iron ore reserves of 1.134 billion mt.

CVRD has agreed to buy for US$ 230.8 million the stakes of Mitsui (US$ 114.5 million), SMI (US$ 60.9 million) and Sumitomo (US$ 55.4 million) in EBM. As a result of the acquisition, CVRD will increase its share on EBM’s capital to 86.247% from the current 80%.

Simultaneously, CVRD entered into a usufruct agreement on the EBM shares owned by NSC, JFE, Itochu, Marubeni, Mitsubishi, Kobe and Nisshin, representing 13.753 % of EBM’s total capital. This agreement will transfer to CVRD during the next 30 years all rights and obligations entitled to the EBM shares, including the right to dividends. In exchange, CVRD will pay to the four partners a total of US$ 60.5 million and an annual fee of US$ 48.1 million.

The transactions announced will transfer to CVRD the effective control of 100% of MBR’s total capital for the next 30 years, allowing us to maximize our exposure to one of the best iron ore assets in the world and to exploit synergies mainly derived from the operation of mines, plants and maritime terminals, elimination of redundancies and best practices sharing, and are estimated to reach approximately US$ 500 million, on a net present value basis.

This movement is consistent with CVRD’s strategy of shareholder value creation, in this case through an increased exposure to the global iron ore market, significant cost reduction and efficiency gains.




For further information, please contact:
[phone]
Roberto Castello Branco: [e-mail]
Alessandra Gadelha: [e-mail]
Marcelo Silva Braga: [e-mail]
Theo Penedo: [e-mail]
Virgínia Monteiro: [e-mail]
Patricia Calazans: [e-mail]

[ballard1]

Brasilia 03.05.07 (<a href="http://www.emfis.com/">www.emfis.com</a> Der brasilianische Minenkonzern Vale do Rio Doce (CVRD) hat mit der norwegischen Reederei BW Group einen 25-Jahres-Frachtvertrag abgeschlossen. Die Norweger werden im Rahmen dessen vier neue Frachtschiffe mit einer Ladekapazität von 388.000 Tonnen zur Verfügung stellen, die künftig Eisenerz nach China transportieren werden. Es werde sich dabei um die bislang größten Frachtschiffe der Welt handeln. Daneben werde auch ein Öltanker auf den Transport von Erzen umgerüstet.

CVRD hat darüber hinaus einen Liefervertrag mit dem japanischen Handelshaus Nippon Yusen Kaisha unterzeichnet. Der japanische Konzern werde künftig ebenfalls mit Eisenerz aus Brasilien beliefert. Hierfür stelle die BW Group einen Frachter mit einer Kapazität von 300.000 Tonnen zur Verfügung. Beide Frachtlinien sollen im Jahr 2011 in Betrieb gehen.

[jensdab]

AP

CVRD's 1Q Profit Soars 131 Percent
Thursday May 3, 8:08 pm ET

By Alan Clendenning, AP Business Writer
CVRD's 1st-Quarter Profit Soars 131 Percent on Acquisition, High Ore, Nickel Prices

SAO PAULO, Brazil (AP) -- Profits for CVRD, the world's second largest mining company, soared 131 percent in the first quarter and easily set a record, boosted by a major acquisition and skyrocketing international prices for iron ore and nickel.

ADVERTISEMENT
Companhia Vale do Rio Doce SA on Thursday posted net earnings of 5.1 billion Brazilian reals ($2.6 billion) in the January-March period, or 2.1 reals ($1.05) per share, compared with 2.2 billion reals ($1.1 billion), or 0.9 reals (45 cents) per share, in the same period a year ago.

Revenue doubled to 16.6 billion reals ($8.3 billion) during the quarter from 8.3 billion reals ($4.2 billion) in the first quarter of 2006.

CVRD's first-quarter numbers benefited from last year's acquisition of Canada's Inco Ltd., the world's second largest nickel miner, for $16.8 billion. The first quarter of 2007 also was the first period in which Inco's results were fully incorporated by CRVD.

The purchase of Inco made the Brazilian company the planet's No. 2 miner after Anglo-Australian BHP Billiton Ltd.

Nickel is used in everything from stainless steel to cell phone batteries, and analysts praised the deal for helping to diversify CVRD.

CVRD said in a statement that global economic conditions are also very favorable for its business outlook.

"As a consequence of the strong global growth and of Chinese economic development, minerals and metals markets are also going through a long up cycle," the company said in a statement.

Strong demand for minerals, particularly from China, has helped CVRD win big price increases on its primary export product, iron ore used as the raw material for steel.

The company's American depository shares rose $1.11, or 2.7 percent, to $42.77 Thursday before the results were announced. They dropped 42 cents in after-hours trading.

[uak65]

ist schon atemberaubend + 56 % in knapp 6 Monaten. was meint ihr lohnt es sich nocheinmal nachzulegen, wo seht ihr als fachleute das ziel in 6/12 Monaten ??

[ballard1]

Antwort auf Beitrag Nr.: 29.128.287 von uak65 am 04.05.07 10:45:56

auf so nem Niveau nachkaufen?
Ich schätze es geht demnächst erst mal runter, schau Dir mal parallel den Chart vom Bovespa Index an.
So Fragen wo der Kurs irgendwann in der Zukunft steht, kann Dir keiner sagen, nicht mal ansatzweise.

[debull]

Die Erfolgsstory geht weiter:

01.06.2007 - 11:31 Uhr Meldung drucken
CVRD erwartet 2007 Engpass bei Eisenerz
SAO PAULO (Dow Jones)--Das anhaltende Wachstum der chinesischen Eisenerzimporte könnte im laufenden Jahr zu einer Verknappung führen, erklärte die Companhia Vale do Rio Doce (CVRD). Bis einschließlich April habe China 133,6 Mio t des Rohstoffes für die Stahlindustrie importiert, annualisiert entspräche dies einem chinesischen Importbedarf von 400 Mio t Eisenerz, erklärte CVRD-Finanzvorstand Fabio Barbosa bei einer Analystenpräsentation am Donnerstag. Falls China das Tempo beibehalte, werde es zu einem starken Nachfrageüberhang bei Eisenerz kommen. "Wir sind nicht in der Lage zusätzliche 20 Mio t auf den Markt zu bringen", sagte Barbosa. Bisher war CVRD davon ausgegangen, dass China im laufenden Jahr 380 Mio t Eisenerz benötigt, wovon der Konzern 100 Mio t liefern will. Die Marktlage sei angespannt und es gebe keine Anzeichen für eine Nachfrageabschwächung, führte der CFO aus. DJG/DJN/tow/1.6.2007

[TMag]

JFE und CVRD planen Erhöhung der Kapazität bei US-Joint Venture
07.06.2007

Der japanische Stahlkonzern JFE Holdings Inc. (ISIN JP3386030005 / WKN 724564) plant einem Pressebericht zufolge, die Kapazität bei seinem gemeinsam mit dem brasilianischen Minenkonzern Companhia Vale do Rio Doce (CVRD) (ISIN US2044121000/ WKN 907799) betriebenen US-Joint Venture California Steel Industries Inc. bis Mitte 2009 um die Hälfte zu erhöhen.

Wie die japanische Wirtschaftszeitung "Nikkei" am Donnerstag berichtet, soll die Kapazität des größten Stahlherstellers an der Westküste der USA so auf 3 Millionen Tonnen Stahl jährlich steigen. Die Investitionskosten beziffert das Blatt auf ungefähr 7 Mrd. Japanische Yen (JPY). California Steel erzielte im vergangenen Jahr einen Vorsteuergewinn von 21,6 Mrd. JPY bei Erlösen von 160 Mrd. JPY.

Die Aktie von JFE schloss heute in Tokio bei 7.700 JPY (-0,25 Prozent). Das Papier von CVRD beendete den Handel gestern an der NYSE bei 37,66 Dollar.

[TMag]

CVRD Kursziel auf 34,00 Euro erhöht
15.06.2007

Die Experten vom "Geldbrief" erhöhen das Kursziel für die CVRD-Aktie (ISIN BRVALEACNPA3 / WKN 897998) auf 34,00 Euro bzw. 44,10 USD.

Trotz zahlreicher Übernahmen sei die Rohstoffbranche immer noch sehr stark fragmentiert. Nach Meinung der Experten werde in jedem Fall CVRD ein aktiver Konsolidierer sein.

Der brasilianische Eisenerz- und Nickelproduzent dürfte in jedem Fall den derzeitigen Versuch von Alcoa, Alcan zu übernehmen, intensiv verfolgen. Scheitere Alcoa, wäre der Aluminiumkonzern selbst ein Übernahmeziel. So würde ein großer Aluminiumproduzent gut ins Portfolio von CVRD passen.

Die Experten vom "Geldbrief" passen die Gewinnabsicherungsmarke für die CVRD-Aktie mit 33,10 USD bzw. 24,80 Euro dem Kursanstieg entsprechend an und das Kursziel erhöhen sie auf 44,10 USD bzw. 34,00 Euro. (Ausgabe 12 vom 15.06.2007)

[TMag]

CVRD Kursziel auf 34,00 Euro erhöht
15.06.2007

Die Experten vom "Geldbrief" erhöhen das Kursziel für die CVRD-Aktie (ISIN BRVALEACNPA3 / WKN 897998) auf 34,00 Euro bzw. 44,10 USD.

Trotz zahlreicher Übernahmen sei die Rohstoffbranche immer noch sehr stark fragmentiert. Nach Meinung der Experten werde in jedem Fall CVRD ein aktiver Konsolidierer sein.

Der brasilianische Eisenerz- und Nickelproduzent dürfte in jedem Fall den derzeitigen Versuch von Alcoa, Alcan zu übernehmen, intensiv verfolgen. Scheitere Alcoa, wäre der Aluminiumkonzern selbst ein Übernahmeziel. So würde ein großer Aluminiumproduzent gut ins Portfolio von CVRD passen.

Die Experten vom "Geldbrief" passen die Gewinnabsicherungsmarke für die CVRD-Aktie mit 33,10 USD bzw. 24,80 Euro dem Kursanstieg entsprechend an und das Kursziel erhöhen sie auf 44,10 USD bzw. 34,00 Euro. (Ausgabe 12 vom 15.06.2007)

[debull]

Anglo American will weitere Minen kaufen

Newsticker aus den Emerging Markets übermittelt durch ad-hoc-news.de, ein Nachrichtenportal der trading-house.net AG.
EMFIS.COM - RTE
London 18.06.07 (www.rohstoffe-go.de)
Die Anglo American, der drittgrößte Minenbetreiber der Welt, gab bekannt, seine Produktion ausweiten und weitere Minen kaufen zu wollen. Damit will das Unternehmen die steigende Nachfrage aus China und Indien befriedigen.

Der CEO des eher konservativen Unternehmens sagte, dass man im schnell konsolidierenden Minensektor lieber ein Käufer sei, als ein Übernahmeziel.

Vor Kurzem kamen Gerüchte auf, dass die brasilianische Cia. Vale do Rio Doce an der Anglo American interessiert sei, es sei aber kein Angebot bei der Anglo American eingegangen


Sie werden immer größer. Unser Vermögen wächst mit

[mickefett]

Eine auch für die Dimensionen von CVRD nicht ganz unerhebliche Ausweitung der Nickelerzreserven um 15 Mio metrische Tonnen auf 850 Mio metrische Tonnen.


CVRD`s nickel reserves increase at Sudbury




CVRD`s nickel reserves increase at Sudbury


Rio de Janeiro, June 21, 2007 – Companhia Vale do Rio Doce (CVRD) announces that exploration drilling at Creighton, a more than century-old nickel mine near Sudbury, province of Ontario, Canada, is confirming mineralization at depth that has the potential to extend the mine life well into the future and continue its longstanding economic contribution to its wholly-owned subsidiary, CVRD Inco Ltd. (CVRD Inco) Ontario operations.

The Creighton Deep Project, a deep mine exploration program, has the potential to almost double the proven and probable reserves at Creighton from 17 million metric tons grading 3.1% nickel and 2.5% copper to up to 32 million metric tons grading 1.9 to 2.2% nickel and 2 to 2.3% copper.

CVRD has proven and probable reserves of 850 million metric tons grading 1.37% nickel and, the largest in the world, the Ontario deposits represent 17.8% of its total reserves, as reported on the Form 20F annual report for 2006 filed with the US Securities and Exchange Commission.

In operation since 1901, Creighton has delivered a total of 173 million metric tons over its life with an average grade of 1.52% nickel and 1.22% of copper.

Exploration and advanced exploration diamond drilling have shown significant high-grade nickel, copper and platinum group elements (PGE) mineralization between the 2,150 and 3,200 meter levels at the mine.

The exploration program continues, and three exploration stations located 1.5 kilometers have been constructed to support further economic study of the findings to date. These latest stations are excavated further into the footwall beyond current infrastructure, allowing exploration to the 3200-meter level across the entire strike length of all ore bodies.

The long and successful experience of CVRD Inco in deep mine operation, with an excellent health and safety record, will be instrumental to the development of the next deepening phase at Creighton, contributing to extend the life of our Canadian operations and to value maximization.

The results announced today are part of CVRD’s global mineral exploration program, which involves a budgeted investment of US$ 120 million this year and is key to support our long-term value growth.



For further information, please contact:
[phone]
Roberto Castello Branco: [e-mail]
Alessandra Gadelha: [e-mail]
Marcelo Silva Braga: [e-mail]
Patricia Calazans: [e-mail]
Theo Penedo: [e-mail]
Virgínia Monteiro: [e-mail]

[debull]

Eisenerz soll um 10 % steigen

London 25.06.07 (www.rohstoffe-go.de)
Laut einer Analyse der Daiwa Securites SMBC könnten die Eisenerzproduzenten BHP Billiton und die brasilianische Cia. Vale do Rio Doce bei den nächsten Preisverhandlungen für Eisenerz eine Erhöhung von 10 % durchsetzen. Grund dafür ist die weiterhin hohe Nachfrage aus China.

Die Jahresverträge könnten dann auf einen Preis von 89,89 USD/Tonne steigen, derzeit liegt dieser bei 81,72 USD/Tonne.
In früheren Prognosen ging die Bank von einem Anstieg von fünf Prozent aus.

In den vergangenen fünf Jahren sind die Eisenerzpreise rasant gestiegen, getrieben von der hohen Nachfrage aus China. Im vergangenen Jahr hat die CVRD angekündigt, dass die Eisenerzimporte Chinas die Erwartungen übertreffen könnten

[mickefett]

CVRD 2Q07 earnings release

Rio de Janeiro, June 26, 2007 – Companhia Vale do Rio Doce (CVRD) will release its second quarter 2007 earnings on Tuesday, July 31, 2007 after market close. CVRD will release simultaneously consolidated financial statements in US GAAP (generally accepted accounting principles in the United States) and BR GAAP (generally accepted accounting principles in Brazil).

CVRD will host a conference call and webcast on Wednesday, August 1, 12:00 p.m. Rio de Janeiro, Brazil time, 11:00 a.m. United States Eastern Standard Time and 4:00 p.m. British Standard Time.

[TMag]

CVRD schließt Gegengebot für Alcan nicht aus
13.07.07

Nachdem die australische Rio Tinto ein 38,1 Mrd. USD Übernahmeangebot für den kanadischen Aluminiumproduzenten abgegeben hat, sagte der brasilianische Minenbetreiber Cia Vale do Rio Doce, dass mann derzeit nicht in Gesprächen mit der Alcan stehe. Man schließe aber nicht aus, doch noch ein Gegenangebot abzugeben.

Das Statement hatte die CVRD kurz nach Bekanntwerden des Rio Tinto-Angebotes herausgegeben.
Eine nicht genannte Quelle sagte, dass die CVRD selbst für die Alcan geboten hatte.

Erst im vergangenen Jahr hatte die CVRD den kanadischen Nickelminenbetreiber Inco Ltd. für 17 Mrd. USD übernommen. Analysten bezweifeln nun, dass das Unternehmen bereit für eine weitere Übernahme sei.

[TMag]

CVRD beginnt Uranexploration in Australien
17.07.07

Der brasilianische Minenriese Cia. Vale do Rio Doce hat heute mitgeteilt, gemeinsam mit der Dioro Exploration NL in Western Australia nach Uran zu suchen.

Die CVRD hat zugestimmt, 3,5 Mio. USD im Laufe der nächsten vier Jahre zu zahlen um dann 60 % der Uranrechte zu erhalten.

In Australien fördert die CVRD bereits Kupfer, Eisenerz und Nickel.

[mickefett]

CVRD approves stock split



CVRD approves stock split


Rio de Janeiro, July 26, 2007 – Companhia Vale do Rio Doce (CVRD) informs that its Board of Directors approved a forward-stock split proposal.

The forward-stock split has to be approved by an Extraordinary General Shareholders Meeting to be called soon and involves the exchange of each share, common or preferred class A, by two post-split shares.

The split also involves the maintenance of the current American Depositary Receipt ratio at 1/1. Each ADR (NYSE: RIO or NYSE: RIOPR) will continue to have one underlying share, common or preferred class A, respectively.

After a significant appreciation since the last forward-stock split in May 2006, CVRD intends to position the price of its shares in a range consistent with good liquidity conditions for its shareholders.



For further information, please contact:
[phone]
Roberto Castello Branco: [e-mail]
Alessandra Gadelha: [e-mail]
Marcus Thieme: [e-mail]
Marcelo Silva Braga: [e-mail]
Patricia Calazans: [e-mail]
Theo Penedo: [e-mail]
Virgínia Monteiro: [e-mail]

[mickefett]

Quartalsbericht zum 2. Quartal 2007 (Auszug):

A VIRTUOUS CIRCLE OF GROWTH
CVRD performance in the second quarter of 2007
Rio de Janeiro, July 31, 2007 - Companhia Vale do Rio Doce (CVRD) financial
performance in the second quarter of 2007 (2Q07) continued to show several new
records. The strategy of growth with diversification, anchored on a rigorous
discipline in capital allocation, has allowed the effective exploitation of the
opportunities presented by the economic cycle, which in turn has produced the
strong cash flow necessary to finance growth initiatives. The corollary of this
virtuous circle of growth is a significant and increasing value creation.
The main highlights of CVRD’s performance in 2Q07 were:
• Gross revenue of US$ 8.9 billion, 45.2 % more than 2Q06 and 15.9% higher
than the previous record of US$ 7.7 billion, in 1Q07. Revenue in 1H07 was
US$ 16.6 billion as opposed to US$ 10.8 billion in 1H06.
• Operational profit, as measured by adjusted EBIT (a) (earnings before interest
and taxes), reached an all-time high figure of US$ 4.4 billion, involving an
increase of 77.4% over 2Q06 and exceeding the US$ 2.7 billion mark of
the last quarter.
• Adjusted EBIT margin of 50.4%, against 41.4% in 2Q06 and 36.1% in
1Q07, overtaking the record 50.1% of 2Q05.
• Cash flow, as measured by adjusted EBITDA(b) (earnings before interest,
taxes, and depreciation), was equal to US$ 5.1 billion in 2Q07, US$ 2.1
billion more than 2Q06. This is the highest value ever reached for the
adjusted quarterly EBITDA, breaking the 1Q07 record of US$ 3.2 billion.
In 1H07, the adjusted EBITDA reached US$ 8.2 billion, as against US$ 4.9
billion in 1H06.
• Record net earnings of US$ 4.1 billion, corresponding to US$ 1.69 earnings
per share on a fully diluted basis, a 84.7% increase on the 1Q07 record of
US$ 2.2 billion. In the first half of 2007 net earnings reached US$ 6.3
billion against US$ 3.3 billion in 1H06.
• Investment spending in the first half of 2007 totaled US$ 2.8 billion. Capital
expenditure in 2Q07 was US$ 1.4 billion, of which US$ 1.065 billion was
related to organic growth and US$ 374 million to sustaining existing
operations.
• Total debt dropped by 18.8%, from US$ 23.5 billion in 1Q07 to US$ 19.1
billion on June 30, 2007.
• US$ 116.1 million was invested in 1H07 in environmental protection and
US$ 55.3 million in social actions.

BUSINESS OUTLOOK
The global economy continues to experience one of the most significant phases of
sustained growth in modern economic history. It is likely that the pace has
accelerated in the second quarter of this year, with the highest growth rate in
China’s GDP since 1994 – 11.9% – and an improved performance of the US
economy.
Chinese economic growth is broad-based, driven by a substantial increase in retail
sales, fixed-asset investment and exports. As China is the third largest importer in
the world, strong domestic demand has a positive impact on the growth of other
economies, among which exporters of commodities and capital goods, thus
contributing to the refueling of world economic growth.
The Chinese economic expansion is accompanied by rising profits and return on
assets as much for companies in industries close to the final consumer as for those
which make more intensive use of natural resources, such as the steel industry. A
good part of investments in fixed assets, which is growing at 26% a year, is led by
private sector companies, who are more sensitive to changes in profitability.
The rapid growth (27% per annum) of exports and its shift towards more
sophisticated products shows that China has been able to compete internationally in
sectors of high-added value, suggesting that companies are investing not only in
increased capacity, but also in new technologies.
Our conclusion is that the risks of excess capacity are moderate, which contributes
to the sustainability of economic development in China.
In 2Q07 the US economy recorded its best performance in more than a year,
growing at 3.4% per year. This was influenced by the end of the inventory cycle,
the increase in external demand caused by the depreciation of the US dollar and
global growth and by the increase in business investment. However, the housing
downturn will remain a significant drag on US growth for the next few quarters. As
consequence, we expect an average GDP growth rate of about 2% a year.
The perception of increased credit risk is the greatest threat to US economic growth
- as this may lead to a liquidity squeeze - and ultimately to the global growth.
Risks are being repriced, with spreads for poor quality corporate credits widening.
The American financial industry has a large capacity for absorbing shocks, while
deregulation, financial innovations and the substantial pool of capital in hedge
funds, which provide liquidity and help in spreading risks, indicate that there is
potential demand for assets backed by mortgages at prices compatible with
attractive risk-adjusted returns.
As a result, the odds that the correction underway will contaminate the rest of the
economy are slight. At the same time, we believe that a certain degree of
nervousness will persist for some time in the financial markets.
In the Euro zone, monetary policies are still accommodative, credit is growing
vigorously, and the economy is expanding in a balanced way, driven by exports
and domestic demand, and particularly increased investment. The Japanese
economy continues to show signs of vitality, based on the behavior of exports and
private investment.
The global economy’s good prospects are confirmed by the recent revision of
estimates of growth by the IMF. The IMF raised its global GDP growth forecast for
2007 and 2008 by 0.3% to 5.2% for each year, as against 4.9% forecast in April of
this year. This upward review was influenced mainly by the better prospects of
emerging market economies such as China and India, which are going through a
phase of intensive consumption of minerals and metals.
During economic expansions there are inventory mini-cycles of accumulation and
consumption which use to provoke short-term swings in economic activity. During
the current cycle there have been three phases of inventory correction in the world
in 2003, 2005 and 2007.
These mini-cycles usually produce considerable volatility in metal prices around
their central tendency, which is determined by more fundamental elements on the
supply and demand side. In the case of copper, for instance, the consumption and
subsequent rebuilding of inventories in China produced a V-shaped curve for
prices between 3Q06 and 2Q07.
The stainless steel industry, the main consumer of nickel, was late entering the
inventory cycle, reducing global production in 2Q07 after three consecutive
quarters of growth. As a natural consequence of cyclical correction, demand for
nickel weakened, determining a price decline since the beginning of May. Thus,
nickel prices are likely to behave in a way similar to that described for copper.
However, even after a fall of about 30%, the average price of nickel in July, of US$
15.20 per pound, is still slightly higher than the average for 4Q06 – US$ 15.00 per
pound – which at the time was a historic record. This shows the tightness on nickel
supply, even in the face of the strong negative impact of consumption of stainless
steel inventories.
The evidence produced by surveys of world industrial activity suggests that the
inventory correction has come to an end, in so far as there has been a decrease and
the new orders/inventory ratio has been rising continuously. The behavior of this
variable is a leading indicator of re-acceleration of global industrial production,
which will underpin a stronger demand for minerals and metals.
Global steel production grew 8.4% in the first half of 2007, with China responsible
for 71% of the increase and other Asian countries, mainly India, Japan and Korea
for 12%. Brazilian production has recovered from its weak 2006 performance,
growing this year by 12.8%. Production capacity has been growing in 2H07, with a
new blast furnace starting operation, and there are various expansion projects at
different stages of development. As consequence of these capacity increases our
sales to the Brazilian will show an important increase over the next few years.
In spite of net exports of steel to China having nearly tripled, reaching 29.3 million
metric tons in 1H07, internal consumption continues to increase significantly,
driven by housing construction, investment in infra-structure and growth of
consumer durable and shipbuilding industries which make more intensive use of
the metal.
Imports of iron ore by China grew by 16.4% in the first half of the year, reaching
187.9 million metric tons compared with 161.5 million in the same period of 2006.
Spot prices continue to be higher than C&F (cost and freight) prices for iron ore
imported under long term contracts, in spite of differences in quality, signaling the
permanence of excess global demand.
Chinese demand for copper continues to grow strongly, driven by investments in
electricity distribution and electrification of the railways alongside growth in
production of automotive components, air conditioning and refrigeration
equipment. Given the slower growth in supply, the global market should register a
deficit with the resulting return of inventory to 3Q06 levels.
Global demand for aluminum also continues to expand considerably. This is
mainly due to China, which is responsible for 25% of world consumption and this
should grow by more than 40% this year. In spite of the substantial increase in
Chinese alumina production since last year, supported by massive imports of
bauxite, the spot price has held at about US$ 350 per metric ton in 2007, which still
allows a good return for low cost producers like CVRD.
After two years of falling prices of metallurgical coal, a turning point has occurred
in 2007.
The combination of growth in demand for both metallurgical and thermal coal in
China – which moved from exporter to net importer in 1H07 – and India with
supply restrictions imposed by Australian logistics infrastructure, and delay in
developing projects, was essential for the change in price trends. With the
industry’s growing cost base, high growth of China and India and the greater relative shortage of energy, the medium and long-term scenario looks quite
favorable.
Looking ahead we continue to foresee the persistence of a benign global economic
scenario which will play a favorable role on the future performance of CVRD.

[debull]

Minen - & Wirtschaftsnews - 01.08.07

CVRD schafft 50 Prozent Gewinnwachstum

Brasilia 01.08.08 (www.emfis.com) Cia. Vale do Rio Doce (CVRD) hat den Nettogewinn im zweiten Quartal auf 5,84 Milliarden Real oder umgerechnet rund 3,1 Milliarden Dollar steigern können. Gegenüber dem Vorjahr entspricht dies einem Anstieg um 50 Prozent. Der Umsatz des Rohstoffkonzerns erhöhte sich sogar um 82 Prozent auf 17,8 Milliarden Real. Dazu hatte unter anderem die Übernahme des Nickelminen-Betreibers Inco beigetragen.

Wie CEO Roger Agnelli darlegte, erhöhten sich die Nettoexporte des Eisenerz- und Nickel-Produzenten um 54 Prozent auf 3,9 Milliarden Dollar. Den wichtigsten Beitrag dazu habe die enorme Nachfrage aus China geleistet. Die Weltwirtschaft befinde sich derzeit in einer der größten Expansionsphasen der modernen Geschichte.

[uak65]

Antwort auf Beitrag Nr.: 31.020.803 von debull am 04.08.07 18:26:39

was ist das denn für eine reaktion auf solch eine meldung. das können ja nicht nur gewinnmitnahmen sein
hat jemand eine meldung/info dazu?

[DCShoes]

am 13.9. gibt es für die US-Notierten ADRs einen 1:2 Split

"On September 13, 2007, each of the Company´s American Depositary Receipts (ADR) representing common shares (RIO) or preferred shares (RIOPR) listed on the New York Stock Exchange (NYSE) will also be split."


Bereits heute erfolgte der Split bei den brasilianischen "Originalaktien" WKN 897998.

Gruß
DC

[mickefett]

Antwort auf Beitrag Nr.: 31.373.906 von DCShoes am 03.09.07 14:35:24

Hier ist noch einmal die vollständige Veröffentlichung von CVRD zu dem Thema:



CVRD announces forward-stock split

Rio de Janeiro, August 30, 2007 – Companhia Vale do Rio Doce (CVRD) announces that the forward-stock split proposal was approved at the Extraordinary General Shareholders´ Meeting, which took place today. After giving effect to the stock split, CVRD´s capital will be composed of 4,919,314,116 shares, 2,999,797,716 common shares and 1,919,516,400 preferred class “A” shares, including 12 golden shares.

On September 3, 2007, each of the Company shares traded in the São Paulo Stock Exchange (Bovespa) will be split into two shares. Hence, each current share, both common (VALE3) and preferred (VALE5) will be represented by two shares post-split. On September 6, 2007, the distribution of the new shares will take place, in the proportion of one additional share issued per each existing share, for the shareholders on record as of August 31, 2007 (record date in Brazil).

On September 13, 2007, each of the Company´s American Depositary Receipts (ADR) representing common shares (RIO) or preferred shares (RIOPR) listed on the New York Stock Exchange (NYSE) will also be split. Furthermore, also on September 13, the distribution of new ADRs, in the proportion of one additional ADR issued per existing ADR, will be finalized, for ADR holders of record as of September 5, 2007 (record date in the US). As a consequence, the ratio of one ADR to one underlying common or preferred share will be maintained.

The new shares issued due to the split will be of the same type and class as the original shares and will have the same political and economic rights. This includes but it is not limited to the right to receive the second installment of the dividend distribution for 2007, if approved by the Board of Directors on its meeting of October 18, 2007.

Due to operational reasons, from September 3 through September 12, 2007, the CVRD shares listed on the Bovespa will be traded post-split whereas the ADRs listed on the NYSE will be traded pre-split. Post-split trading on the NYSE will start on September 13, 2007.

JP Morgan, the depositary bank of our ADRs, will not execute issuances and/or cancellations of ADRs between September 3 and 17, 2007. However, the trading of CVRD´s ADRs on the NYSE will occur normally.

The notes due 2010, series RIO and RIO P, mandatorily convertible into CVRD ADRs will have their conversion rates adjusted to reflect the share split.


For further information, please contact:
[phone]

Roberto Castello Branco: [e-mail]
Alessandra Gadelha: [e-mail]
Marcus Thieme: [e-mail]
Marcelo Silva Braga: [e-mail]
Theo Penedo: [e-mail]
Virgínia Monteiro: [e-mail]
Patricia Calazans: [e-mail]

[jenny1977]

Rio de Janeiro 13.09.07 (<a href="http://www.emfis.com">www.emfis.com</a>
Der brasilianische Minenbetreiber Cia. Vale do Rio Doce gab gestern bekannt, über mögliche Gasfördeprojekte nachzudenken.

Das Unternehmen will an der nächsten Runde der Versteigerung von Förderlizenzen durch die brasilianische staatliche Ölbehörde teilnehmen.
Die CVRD sagte, dass man die Energiegewinnung diversifizieren wolle, durch die steigende Nutzung von Kohle, erneuerbaren Brennstoffe sowie Gas.

[option_tom]

Antwort auf Beitrag Nr.: 31.564.081 von jenny1977 am 13.09.07 18:25:21

Hallo,
kann mir einer folgende frage beantworten:

ist es üblich, daß bei einem aktien-split die bank für die aus- und einbuchung der aktien eine provision erhebt?

schöne grüße und vielen dank
Tom

[DCShoes]

Antwort auf Beitrag Nr.: 31.656.486 von option_tom am 19.09.07 10:22:28

Hallo Jenny,

das steht jeweils im Preisverzeichnis. Bei der etwas teureren Deutschen Bank kostet das z.B. zwischen 9 und 29 EUR, je nachdem ob In- oder Ausland. Ich denke bei Comdirect etc. könnte das ebenso wie die Ordergebühren preiswerter oder sogar kostenlos sein, bin mir aber nicht ganz sicher.

DC

[uak65]

Antwort auf Beitrag Nr.: 31.658.720 von DCShoes am 19.09.07 12:15:45

sir für mich eingermassen überraschend hatte bisher (Dresdner,Entrium,DiBa noch nie gebühren bei splitts berappen müßen.
erscheint mir auch nicht logisch, ist schließlich kein handel oder auch nur teilkauf.

[option_tom]

Antwort auf Beitrag Nr.: 31.676.468 von uak65 am 20.09.07 16:26:58

hallo,
vielen dank für die antworten. mal schauen, was die bank für eine erklärung hat.
vg
Tom

[jensdab]

28.09.2007 15:52
CVRD - Bluechip im Rohstoffbereich!

CVRD (Nachrichten) (WKN: 897998 / Kürzel: CVLA) ist im Bereich der Eisenerz-Pelletz-Produktion unangefochtener Weltmarktführer, während im Bereich der Nickelförderung der zweite Platz belegt wird. Die nach wie vor hohen Rohstoffpreise bescheren dem Konzern exzellente Geschäftszahlen. So konnte der Nettogewinn im zweiten Quartal auf 5,84 Milliarden Real oder umgerechnet rund 3,1 Milliarden Dollar gesteigert werden, was einer Verbesserung gegenüber dem Vorjahr um 50 Prozent entsprach. Der Umsatz des Rohstoffkonzerns erhöhte sich sogar um 82 Prozent auf 17,8 Milliarden Real. Auch in Zukunft dürfte die Brasilianer starke Zahlen vorlegen.

Die Analysten von Merril Lynch rechnen damit, dass der Eisenerzpreis im nächsten Jahr um bis zu 30 Prozent anzieht. Demgegenüber prognostizieren die Experten von J.P. Morgan Chase&Co. zumindest eine Steigerung um 25 Prozent. Bisher wurde mit einer Zunahme von 10 Prozent gerechnet. Die Nachfrage aus Asien, insbesondere aus China, steigt immer weiter an, während die Produktionszahlen sich kaum verändern. Die Stahlproduktion im „Reich der Mitte“ hat allein im Jahr 2007 um 14 Prozent zugelegt. Die dafür wichtigen Eisenerz-Importe sind daraufhin um 19 Prozent gestiegen, berichtete das chinesische Zollamt.

Nicht nur im Eisenerzbereich dürfte CVRD weiter überzeugen. Auch die steigenden Weltmarktpreise für Kupfer, Nickel und Kohle sollten dem Rohstoffgiganten exzellente Gesamtjahresergebnisse bescheren. So wird die chinesische Nachfrage nach Kohle auch im kommenden Jahr hoch bleiben. Nach einer Studie des dortigen Ministeriums für Land und Rohstoffe besteht in China derzeit ein Angebotsdefizit von 100 Mio. Tonnen Kohle pro Jahr. Diese Menge muss sich China auf dem Weltmarkt besorgen und CVRD dürfte davon profitieren.

CVRD zählt zu unseren Favoriten im Eisenerzbereich. Nutzen Sie Rücksetzer zum weiterem Positionsaufbau. Auf Sicht von sechs bis neun Monaten billigen wir der Aktie ein Kursziel von 30 Euro zu.

http://www.finanznachrichten.de/nachrichten-2007-09/artikel-…

[jensdab]

CVRD Investments of US$ 11 Billion in 2008


RIO DE JANEIRO, Brazil, Oct. 11 /PRNewswire-FirstCall/ -- Companhia Vale do Rio Doce (CVRD) states that its Board of Directors has approved an investment budget of US$ 11.0 billion for 2008, the largest annual investment program ever undertaken by CVRD or by any mining company in the world.

The 2008 budget is part of the firm's strategic plan and underpins the 5 year, U$59 billion investment program and consequently involves a significant increase in capex for organic growth as compared with the period 2003-2007, estimated at US$ 18 billion. The decision to invest on such a huge scale is firmly based on our confidence in the long-term fundamentals of the global economy and on the belief in a structural change in the demand for minerals and metals.

The Company will concentrate on organic growth, with the development of a wide portfolio of projects founded on its world-class asset base. In order to support this expansion, CVRD will invest heavily in logistics infrastructure and energy generation.

This investment process is anchored a rigorous discipline in capital allocation, research excellence, development of projects and operations and in corporate social responsibility.

Priority for allocation of Company cash-flow will be financing of growth- related activities, within a framework of a solid balance-sheet and a low-risk debt profile.

The completion of the planned investments should lead to a significant increase in CVRD's main products. In the case of iron-ore, production in 2012 should reach 422 million metric tons (mmt), with production by the end of the same year running at 450 mmt.

With the implementation of the strategic plan, the Company's goal is to maintain a solid increase in cash generation, produce substantial shareholder value and create thousands of new jobs. This process is rooted in the Company's basic values: ethical standards, transparency, emphasis on corporate social responsibility, respect for life and diversity, entrepreneurial spirit and the ongoing quest for operational excellence.

Break-down of investment budget

The program involves more than 30 projects, located in Brazil, Peru, Chile, Canada, Australia, Indonesia, New Caledonia, Mozambique and Oman. Investments in Brazil will account for 73% of the budgeted resources for 2008, an amount of US$ 8 billion.

Of the 2008 budget, US$ 8.436 billion will be invested in organic growth, corresponding to 76.7% of total spending, with US$ 7.552 billion going to project execution and US$ 884 million in R&D. Expenses with R&D include US$ 349 million set aside for the mineral exploration program.

Investments to support existing operations are estimated at US$ 2.563 billion. This represents an increase of US$ 568 million over the amount budgeted for 2007 (U$ 1.995 billion). This is explained by the growth in asset base and by the need to increase significantly investments in the Canadian nickel operations, which had received little investment in the past. Consequently, in 2008, US$ 1,019 billion will be dedicated to nickel operations.

US$ 3.618 billion will be invested on non-ferrous minerals, some 32.9% of total capex for 2008, considering the final phases of Goro and Onca Puma, both important nickel projects, and the beginning of development of Vermelho (nickel), Totten (nickel), Salobo I (copper), Papomono (copper) and Bayovar (phosphate).

Growth in iron-ore production capacity to 450 Mtpa will require heavy investment in the development of new mines, plant construction and increased logistics infrastructure. For the ferrous minerals businesses US$ 3.251 billion is set apart for 2008, whilst US$ 1.870 billion will go to logistics; of this amount for logistics, US$ 1.152 billion will go to supporting growth in iron-ore production capacity, US$ 755 million for aluminum, US$ 470 million for energy generation and US$ 390 million for coal.

The main projects in terms of financial disbursements in 2008 are: Carajas 130 Mtpy (US$ 1.165 billion), Goro (US$ 723 million), Onca Puma (US$ 581 million), Salobo I (US$ 387 million), Alunorte 6&7 (US$ 382 million), Itabiritos (US$ 341 million), Serra Sul (US$ 145 million), along with investments in logistics - Southern Corridor (US$ 379 million) and Northern Corridor (US$ 334 million) - and energy generation, Barcarena (US$ 188 million) and Estreito (US$ 165 million).

For detailed information, visit our website at http://www.cvrd.com.br/," target="_blank" rel="nofollow ugc noopener">http://www.cvrd.com.br/, INVESTOR - PRESS RELEASES - 2007.

DATASOURCE: Companhia Vale do Rio Doce

CONTACT: Roberto Castello Branco, +011-55-21-3814-4540, or

, Alessandra Gadelha, +011-55-21-3814-4053,

or , or Daniela Tinoco, +011-55-21-3814-4946, or

, or Fabio Lima, +011-55-21-3814-4271, or

, or Marcelo Silva Braga, +011-55-21-3814-4353, or

, all of Companhia Vale do Rio Doce

Web site: http://www.cvrd.com.br/

http://de.advfn.com/p.php?pid=nmona&article=22697589

[sloopjohn]

Antwort auf Beitrag Nr.: 31.949.256 von jensdab am 12.10.07 04:09:56

Ergänzend hierzu:

Das komplette Investitionsprogramm für 2008 mit detaillierten Ausführungen zur Geschäftsstrategie der nächsten Jahre (8 Seiten pdf) unter folgendem Link:

http://www.cvrd.com.br/cvrd_us/media/1011capex_i.pdf
_______________________________________________

Und noch was für morgen (möglicherweise der/dem ein oder anderen noch nicht bekannt):

CVRD Day at NYSE - Live Video webcast

Rio de Janeiro, October 9, 2007 - Companhia Vale do Rio Doce (CVRD) will host an analyst and investor meeting on Monday, October 15, 2007 at the New York Stock Exchange (NYSE). The event, which is part of the 6th annual CVRD Day at NYSE, will be transmitted live via video webcast through the company’s website www.cvrd.com.br, starting at 12:15 pm United States Eastern Daylight Time, 2:15 pm Rio de Janeiro Time and 5:15 pm British Time. (also 18:15 CET)

For further information, please contact:
[phone]
Roberto Castello Branco: [e-mail]
Alessandra Gadelha: [e-mail]
Marcus Thieme: [e-mail]
Marcelo Silva Braga: [e-mail]
Theo Penedo: [e-mail]
Tacio Neto: [e-mail]

Registrieren kann man sich unter:

http://www.videonewswire.com/event.asp?id=43018

Und außerdem:
CVRD press conference webcast on CVRD Day at NYSE, scheduled this Monday, October 15th, at 4.15 pm (New York time).
(= 22:15 CET)

Schöne Grüße,
sloop

[sloopjohn]

Hier schon mal der nächste event (Q3 am 26.10.2007) zum Vormerken:

http://www.cvrd.com.br/cvrd_us/media/3Q07convitei.pdf

[ricwun]

26.10.2007 - 13:56 Uhr
CVRD steigert Gewinn dank hoher Eisenerzverkäufe
SAO PAULO (Dow Jones)--Companhia Vale do Rio Doce (CVRD) hat ihren Nettogewinn im dritten Quartal um 17% gegenüber der gleichen Vorjahreszeit steigern können, da Rekordauslieferungen von Eisenerz dabei halfen, höhere Kosten und gesunkene Nickelpreise auszugleichen. Der größte Eisenerzproduzent und Exporteur der Welt verzeichnete einen Reingewinn von 4,66 Mrd BRL gegenüber 3,97 Mrd BRL im Vorjahr. Nach Angaben des Unternehmens trieb ein im Vergleich zum Real und dem CAD schwächerer US-Dollar die Kosten in die Höhe, während moderatere Nickelpreise in den Umsatz einschnitten. Dieser erhöhte sich gegenüber dem Vorjahr um 38% auf 16,04 (11,64) Mrd BRL. Bei den Zahlen von 2006 ist noch nicht die volle Konsolidierung der Nickel-Tochter Inco enthalten. Durch deren Übernahme ist CVRD zum zweitgrößten Nickelproduzenten geworden.

Der Rückgang der Nickelpreise von seinen Rekordständen des zweiten Quartals - der Durchschnittspreis für Dreimonatsnickel an der LME hat sich im dritten Quartal um 34% auf 30.354 USD/t von 46.035 USD/t im Vorquartal ermäßigt - sowie Rekordauslieferungen von Eisenerz und Eisenpellets machten den Bereich der Eisenmetalle erneut zum wichtigsten Umsatzbringer. Er trug 49% zum Umsatz des dritten Quartals bei, während auf NE-Metalle 34% entfielen. In der Berichtszeit hat CVRD 76.958 t Eisenerz und Hochofenpellets verschifft, der vorige Rekord betrug 72.730 t und wurde im gleichen Vorjahreszeitraum erzielt. Das EBITDA kletterte um 36% auf 7,99 (5,89) Mrd BRL, während die EBIT-Marge auf 44,7% von 46,8% zurückging. Nach Angaben des Unternehmens war die Nachfrage erneut von China bestimmt, das 33% der Erz- und Pelletsverkäufe von CVRD abnahm. Die Eisenerzproduktion stieg um 13% auf einen Rekordstand von 78,307 (69,535) Mio t. Bei Eisenpellets belief sich der Output auf 4,434 (3,923) Mio t, womit der vorherige Rekord von 4,371 Mio t aus dem vierten Quartal 2006 übertroffen wurde.

Die Nickelproduktion legte um 10% auf 55.100 von 50.000 t im Vorjahr zu. Negativ wirkten sich die Instandsetzungsarbeiten in Sudbury, Probleme bei den Raffinerien und starke Regenfälle aus. 2007 werde der Output an Nickel um 24.000 t gesenkt und voraussichtlich 246.000 t erreichen, einschließlich 14.000 t aus Konzentratkäufen von Dritten und Lohnverarbeitungsverträgen. Die Abwärtsrevision hänge mit geologischen und logistischen Problemen in Sudbury sowie mit Schwierigkeiten in der Raffinerie von Clydach zusammen, erklärte CVRD. Die Kupferproduktion legte in der Berichtszeit um 8% auf 64.800 von 59.800 t im Vorjahr zu, da die Implementierung einer kanadischen Verarbeitungs-und Separationsanlage einen wartungsbedingten Stopp in Sossego (Brasilien) ausglich.

Die Bauxitförderung legte um 39% auf einen Rekordstand von 2,586 (1,861) Mio t zu. Das verdankt sich einem Ausbau der Bauxitmine Paragominas, die nach einer kleinen Verzögerung im April die Produktion aufnahm. Im Gesamtjahr wird sie voraussichtlich 1,9 Mio t Bauxit fördern, weniger als zunächst angenommen, als von einem Output von 2,2 Mio t ausgegangen worden war. An Tonerde wurde 1,123 (1,063) Mio t und damit 6% mehr als im gleichen Vorjahresabschnitt produziert. Die Kohleproduktion erreichte 946.000 t metallurgische Kohle und 198.000 t Kraftwerkskohle. DJN/DJG/bdz/26.10.2007 -0-

[ricwun]

Vielleicht auch für CVRD nicht ganz uninteressant, was sich in der unmittelbaren Nachbarschaft abspielt:

Bergbau

BHP-Gebot: Aktie von Rio Tinto springt auf Rekordhoch



08. November 2007
Mit satten Kursgewinnen von bis zu knapp 32 Prozent auf 5.740 Pence im bisherigen Tageshoch reagiert die Aktie des internationalen Minenunternehmens Rio Tinto auf ein Fusions- beziehungsweise Übernahmeangebot des australischen Branchenpendants BHP Billiton. Dessen Aktie legte kurz nach der Bekantgabe bis zu 7,7 Prozent zu, gab aber rasch wieder die Kursgewinne auf und rutschte sogar ins Minus.


BHP bietet in Form eines Aktientauschs drei eigene Aktien gegen einen Anteilsschein von Rio Tinto. Das Management Rios wies das Angebot allerdings umgehend als ungenügend zurück.


Angebote ohne Barkomponente sind für Aktionäre nur bedingt interessant


Es verfolge nicht die Interessen der Aktionäre, hieß es. Das dürfte kaum verwundern. Denn abgesehen von einer industriellen Logik, die sich hinterfragen lassen kann, sind solche Angebote nicht sonderlich überzeugend, wenn sie keine so genannte „Cash-Komponente“ oder einen Baranteil haben.


Das ist logisch. Denn wer wird schon auf die Beteiligung an einem großen - die Marktkapitalisierung liegt aktuell bei 55,3 Milliarden britischen Pfund - und erfolgreichen Unternehmen wie Rio Tinto verzichten, wenn er dafür die Anteile eines mit einer Marktkapitalisierung von knapp 64 Milliarden Pfund ähnlich bewerteten Unternehmens BHP Billiton erhält und gleichzeitig damit rechnen muss, dass letztlich ein marktbeherrschendes Gesamtunternehmen entsteht, das früher oder später auf alle nur denkbaren offiziellen Widerstände stoßen muss.


Das resultierende Gesamtunternehmen würde etwa 36 Prozent des globalen Eisenerzmarktes kontrollieren und es wäre der größte Anbieter von Kohle und Kupfer. Nach der Übernahme von Alcan durch Rio Tinto wäre eine Gesamteinheit auch der weltgrößte Anbieter von Aluminium.


Die Tatsache, dass die Aktie von BHP Billiton am Donnerstagnachmittag mit einem Minus von 3,6 Prozent bei 43,24 australischen Dollar liegt, legt die Vermutung nahe, dass der Markt eine Verbesserung der bisherigen Angebots für Rio Tinto und damit eine stärkere finanzielle Belastung erwartet. Mittel- und längerfristig könnte BHP diese aufgrund der gegenwärtigen Umsatz-, Gewinn- und Cashflowentwicklung verkraften. Allerdings stellt sich die Frage, ob die vorteilhafte Situation auch anhalten wird.


Großfusion oder -übernahme auf dem zyklischen Branchenhoch?


Immerhin gibt es immer mehr Anzeichen dafür, dass sich die weltwirtschaftliche Entwicklung abkühlen wird. In ihrem Rahmen würde mit einiger Wahrscheinlichkeit auch die Nachfrage nach Energie- und Rohstoffen alles Art zurückgehen. Genau das könnte zu einer deutlichen Preiskorrektur und damit zu einer Minderung der Profitabilität der Unternehmen führen. Aus diesem Grund besteht die Gefahr, dass gegenwärtig bei Übernahmen generell zu hohe Preise bezahlt werden. In der Vergangenheit wurde in bestimmten Branchen nicht selten gerade in dem Moment ein zyklisches Hoch erreicht, in dem es zu Großfusionen und -übernahmen dieser Art kam.


In diesem Sinne scheint man die Entwicklung als Anleger kritisch betrachten zu können. Immerhin sind die Papiere von Rio Tinto mit Kurs-Gewinnverhältnissen von 19,5 und knapp 16 auf Basis der Gewinnschätzungen für das laufende und das kommende Geschäftsjahr für die Branche sicherlich nicht mehr günstig. Die Aktien von BHP Billiton sähen mit KGVs von 14,4 und 12,3 günstiger aus, wenn nicht das Risiko bestünde, die Finanzsituation könnte sich zumindest kurz- und mittelfristig deutlich verschlechtern.


Insgesamt scheint es nicht völlig unvernünftig zu sein, bei den Papieren von Rio Tinto so langsam an Gewinnmitnahmen zu denken oder sich als Anleger wenigstens gegen Kursrückschläge abzusichern.

Die in dem Beitrag geäußerte Einschätzung gibt die Meinung des Autors und nicht die der F.A.Z.-Redaktion wieder.



Text: @cri
Bildmaterial: FAZ.NET

[ricwun]

14.11.2007 10:56
CVRD: Fusion BHP-Rio Tinto beeinflusst Eisenerzpreise nicht
DJ CVRD: Fusion BHP-Rio Tinto (Nachrichten) beeinflusst Eisenerzpreise nicht

PEKING (Dow Jones)--Die Nummer eins am Markt für Eisenerz, die brasilianische Companhia Vale do Rio Doce (Nachrichten) (CVRD), erwartet aufgrund eines möglichen Zusammenschlusses der BHP Billiton (Nachrichten) (Nachrichten) und der Rio Tinto keine Auswirkungen auf die Preise für den Rohstoff im kommenden Jahr. Die Preise bestimmten sich aufgrund von Angebot und Nachfrage, die Transaktion werde dies nicht beeinflussen, sagte der bei CVRD für Investor Relations zuständige Manager Roberto Castello Branco am Mittwoch am Rande der Konferenz China Mining 2007.

Allgemein erwarte er für 2008 wegen der anhaltend hohen Nachfrage weiter steigende Preisen. Das Fusionsvorhaben zeige, dass die Wettbewerber ebenso zuversichtlich in die Zukunft blickten wie CVRD selbst es tue. Die australische BHP Billiton Group und die britisch-australische Rio Tinto plc (Nachrichten/Aktienkurs) belegen Platz zwei und drei auf dem Eisenerzmarkt. BHP Billiton war in der vergangenen Woche mit einem Übernahmevorschlag an den in London ansässigen Wettbewerber herangetreten. Rio Tinto lehnt die auf einem Aktientausch basierende Offerte als zu gering ab.

CVRD verfolge weiterhin ihre eigene Wachstumsstrategie, sagte der Manager. Vor einigen Wochen hatte das Unternehmen Investitionen von 60 Mrd USD in den kommenden fünf Jahren angekündigt. Die Gelder sollen in mehr als 30 Projekte in den Bereichen Eisenerz, Bauxit, Aluminium, Kupfer, Nickel und Kohle fließen.

Nach Bekanntwerden der Fusionspläne von BHP Billiton waren am Markt Befürchtungen laut geworden, dass den Abnehmern von Eisenerz und anderen mineralischen Rohstoffen kaum noch Spielraum für Preisverhandlungen bleibe. Das Vorhaben sowie die Investitionen von CVRD werten Beobachter als eine Bestätigung dafür, dass die Bergbaugiganten von einem noch über Jahre anhaltende Boom bei Rohstoffen ausgehen.

Die Preise für Eisenerz haben sich in den vergangenen drei Jahren mehr als verdoppelt, vor allem wegen der hohen Nachfrage aus China. Aktuell laufen laut Analysten bereits informelle Verhandlungen über die Preise 2008, es sei mit Steigerungen um 30% bis 50% zu rechnen.

-Von Zheng Xiaolu und Helen Sun, Dow Jones Newswires; [phone],
[e-mail]
DJG/DJN/bam/nas

[jensdab]

Hier gibt es einen sehr interessanten Artikel über CVRD, gute Zusammenstellung und Überblick und zum Schluss Ausblick und Kursziele.

Kompletter Beitrag:

http://seekingalpha.com/article/53807-companhia-vale-do-rio-…


Companhia Vale do Rio Doce: Strong and Steady Growth

posted on: November 12, 2007

Auszug:

Conclusion

Companhia Vale do Rio Doce (RIO) has delivered strong and steady growth by a rapid increase in its cash flow prompting a significant increase of company's market capitalization. A key component of this company is the consistent and the right strategy approach in relation to production growth through organic means.

CVRD is planning to spend $59 billion over the next five years pursuing the goal of accelerating investments, with a massive investment in the development of world class assets such as iron ore, pellets, coal and nickel.

By 2012 iron ore production capacity is planned to increase to 450 million metric tons per year from actual 300 million. Nickel production will double in 2012 reaching 500.000 metric tons, with significant rises scheduled to take place in production of coal, aluminum, pellets, copper etc.

This investment program is global in scope, including Canada, Indonesia, Peru, Chile, United Kingdom, Australia and Europe to mention a few, aiming to solidify CVRD's logistic side of the business, along with power generation infrastructure, in order to support expansion.

Companhia Vale do Rio Doce shares, at current levels, are very attractive in my view based on the company's consistent track record of pursuing organic growth. Its cost and return metric are one of the best in the industry. I believe that the company's long-term growth prospects, particularly its expansion ambitions, are excellent and continue to be indicative of the company's strength.

From a TA perspective the stock market has experienced a fairly strong sell-off in the last two weeks, however, RIO has maintained a sustainable and a fairly tight trading range, oscillating between $34 and mid $36 levels. During this period, prices have continued to test the upside and apply pressure with a tendency to accelerate and explore new territories..

Stock is recommended as a 12-18 months long-term hold, not to be watched on tick by tick basis with a $52 -$54 price target.

Disclosure: Author has a long position in RIO





Das bestärkt mich mehr, meine Anteile weiterhin zu halten und Dividenden zu kassieren und an dem stetigen Wachstum zu partizipieren.

Ebenfalls lesenswert:

What a Chinese Bubble Burst May Mean for Commodities

posted on: November 14, 2007

http://seekingalpha.com/article/54187-what-a-chinese-bubble-…

[ricwun]

Momentan geht's ja richtig rund, zumindest in der Gerüchteküche. Demnach will Blackstone mit chinesischer Beteiligung für Rio Tinto ein Gegenangebot auf die Beine stellen - und CVRD soll nun angeblich den Kauf von Xstrata "erwägen" (wobei an letzterem Gerücht nicht unbedingt was dran sein muss):


10.12.2007 - Bergbaukonzern Vale erwägt Kauf von Xstrata - Times

LONDON (Dow Jones)--Der brasilianische Bergbau- und Logistikkonzern Companhia Vale do Rio Doce (Vale) hat einem Pressebericht zufolge Interesse am Kauf des schweizerischen Wettbewerbers Xstrata plc. Vale habe bereits Banker engagiert, die eine potenzielle Offerte für den an der Londoner Börse notierten Konzern prüfen sollten, schreibt die britische ageszeitung "Times" in ihrer Montagausgabe. Eine Transaktion könnte ein
Volumen von 38 Mrd GBP haben.

Die Pläne befänden sich allerdings noch in einem frühen Stadium, schreibt die "Times". Bislang sei noch keine Entscheidung darüber gefallen, ob der Xstrata-Board überhaupt mit dem Angebot konfrontiert werde.

Unter Berufung auf Aussagen einer mit der Situation vertrauten Person berichtet das Blatt weiter, dass ein Kauf von Xstrata eine der Optionen sei, die Vale in Erwägung ziehe. Angesichts der Konsolidierung in der Bergbaubranche sei Handlungsdruck entstanden, eine der nur noch wenigen Akquisitionsoptionen zu nutzen.

Die Transaktion wäre der jüngste Schritt in einem rasanten Konsolidierungsprozess in der Rohstoffbranche. Bereits seit Wochen herrscht ein Übernahmekampf um das Bergbauunternehmen Rio Tinto: Der weltgrößte Bergbaukonzern BHP Billiton hatte ein Übernahmeangebot in Höhe von 140 Mrd USD in Aktien abgegeben. Rio Tinto hat diese Offerte jedoch kürzlich als zu niedrig zurückgewiesen.

Webseiten: http://www.timesonline.co.uk , http://www.cvrd.com.br , http://www.xstrata.com

[ricwun]

Boersen-News
PRESSE/Xstrata führte Gespräche mit potenziellen Interessenten
11.12 09:50
LONDON (AWP International) - Die englisch-schweizerische Bergbaugesellschaft Xstrata hat erste Gespräche mit potenziellen Interessenten geführt. Darunter sei auch der brasilianische Konkurrent Vale, berichtete der Daily Telegraph am Dienstag ohne Quellen zu nennen. Xstrata arbeitet mit der Deutschen Bank und JPMorgan Cazenove zusammen. Vale, früher CVRD, hat Lehman Brothers Holdings und Merrill Lynch beauftragt, ein mögliches Angebot auszuarbeiten. Nach Zeitungsberichten vom Wochenende will Vale 38 Milliarden Pfund für das Unternehmen bieten. Xstrata-Geschäftsführer Mick Davis versuche ausserdem Anglo American von einem Geschäft zu überzeugen, berichtete der Daily Telegraph weiter. Unterdessen zitierte die Financial Times unternehmensnahe Kreise, dass Xstrata bereit für Verhandlungen mit möglichen Bewerbern sei. Auch die Financial Times nannte in diesem Zusammenhang Vale und Anglo American./FX/bt/zb

[ricwun]

Nachricht vom 12.12.2007 | 08:12

Vale auf Einkaufstour!

Der brasilianische Bergbauriese Companhia Vale do Rio Doce (Vale) (WKN: 897998) wird sich ohne Zweifel an der momentanen Konsolidierung der Branche beteiligen. Vor kurzem machte eine Meldung die Runde, dass die Brasilianer am schweizerischen Wettbewerber Xstrata plc. haben. Angeblich soll Vale bereits Investmentbanken damit beauftragt haben, ein Übernahmeangebot zu prüfen. Die Übernahmeofferte könnte einen Umfang von 38 Mrd. britischen Pfund (GBP) erreichen.

Allerdings befindet sich dieses Vorhaben noch in einem sehr frühen Stadium. Es ist auch bisher nicht geklärt, ob es überhaupt zu einer Vorlage des Angebots kommt. Strategisch würde die Übernahme von Xstrata aber durchaus Sinn machen. Zudem bleibt Vale keine Wahl. Wenn sich der Rohstoffkonzern nicht im großen Stil an der Konsolidierung in der Rohstoffbranche beteiligt, könnte Vale den Anschluss verlieren. Je größer der Konzern, umso besser ist die Verhandlungsposition gegenüber den Abnehmern. Vor kurzem haben die Preisverhandlungen über die Eisenerzpreise für das Jahr 2008 begonnen. Experten rechnen damit, dass Vale die Preise um bis zu 30 Prozent anheben wird. Das wird die ohnehin schon vollen Unternehmenskassen weiter anschwellen lassen.

Auch wenn immer neue Gerüchte über mögliche Zukäufe von Vale die Runde machen, könnte es die Brasilianer auch jederzeit selbst treffen. Das jüngste Übernahmeangebot von BHP Billiton für Rio Tinto in Höhe von 140 Mrd. USD zeigt, dass nichts mehr unmöglich ist. Der Rohstoffsektor wird somit in den kommenden Monaten für weitere Überraschungen sorgen.

ROHSTOFFinsider.de. - IHR kostenloses Email-Magazin zum Thema Rohstoffe!

Autor: Michael Bulgrin

[ricwun]

Eisenerz auch 2008 weiter auf dem Vormarsch

04.01.2008 | 11:30 Uhr | Rainer Hahn (EMFIS)

RTE - (www.rohstoffe-go.de) - Der Eisenerzmarkt weist aktuell, vor allem auf Grund weiterhin rasant steigender Eisenerzimporte in China ein Angebotsdefizit aus.

So steigerte allein China seine Eisenimporte in den beiden ersten Monaten 2007 im Vergleich zum Vorjahr um 26%. Eine Studie der Credit Suisse geht für 2007 von einer Erhöhung der chinesischen Stahlproduktion in einer Range von 13% bis 17% aus.

Nimmt man eine jährliche Steigerung der chinesischen Stahlproduktion von lediglich 10% bis 2010 an, so ergibt sich daraus ein Mehrbedarf von 260 bis 270 Millionen Tonnen in 2010, welcher mit heutigen Kapazitäten nicht befriedigt werden kann.

Diese Mehrkapazitäten dürften alleine von den großen Drei der Branche, der brasilianischen CVRD, BHP Billiton und Rio Tinto - welche für 2010 eine Erhöhung ihrer Kapazitäten in Höhe von lediglich 190 Millionen Tonnen angekündigt haben - nicht zu stemmen sein, es müssen also neue Förderunternehmen mit weiteren Kapazitäten an den Markt kommen.

Dabei wurden von neuen, kleineren Unternehmen bereits für 2007 neue Kapazitäten in Aussicht gestellt. Wie die Erfahrung aber gezeigt hat, kommt es gerade bei Newcomer-Firmen regelmäßig zu monatelangen Verzögerungen bei der Inbetriebnahme neuer Minen oder zu massiven technischen Schwierigkeiten, Wassereinbrüchen etc., die in der Anlaufphase zu Produktions- und damit auch zu Kapazitätsausfällen und somit zu einer Verschärfung der angespannten Lage an den Eisenerzbörsen führen.

Dies wird nicht spurlos an den Eisenpreisen vorbei gehen. Auf der EU Iron Ore Insights Conference im Oktober 2007 in Berlin, einer Fachmesse der größten Eisenerzförderer, wurden Preissteigerungen von 30 bis 35% für 2008 genannt. Der Eisenerzmarkt bildet dabei im Vergleich zu anderen Rohstoffmärkten einen Spezialfall, da 75% allen geförderten Eisenerzes von den benannten großen Drei stammt und die Preisentwicklung im Allgemeinen in Verhandlungen dieser drei Majors mit den Hauptabnehmern festgesetzt wird.

Ein sehr wahrscheinliches, daraus resultierendes Szenario geht davon aus, dass China auf Grund eines zu erwartenden Angebotsdefizits, eigene Lagerstätten zu weitaus höheren Kosten anzapfen muss, was sich weiterhin steigernd auf den Preis für Eisen auswirken dürfte.

Credit Suisse geht davon aus, dass neue Projekte eine Minimum IRR von 15% aufweisen müssten. Dem läge eine durchschnittliche Capex - Rate von 80$ je Tonne bei Cash-Kosten von 15$ je Tonne zu Grunde. Zum Vergleich: Mittal beabsichtigt sein senegalesisches Faleme - Projekt mit einer Capex von 2,2 Milliarden $ auf eine jährliche Kapazität von 20 Millionen Tonnen auszubauen. Dies entspräche 110 $ je Tonne.

Vor 2012 wird derweil nicht mit einer Entspannung der beschriebenen Situation gerechnet.

Im Allgemeinen dürfte man auf Grund rückgängiger Förderraten in Indien, anhaltend schlechter Aussichten im Bereich der Klima-Entwicklung (und damit zunehmend störender Einflüsse des Wetters auf die Förderung, so zum Beispiel eine zu beobachtende Intensivierung der Zyklonen-Saisons in Australien) und damit verbunden, weiteren Verschiebungen von Produktionsstarts, mit einer erneuten Aufwärtsspirale der Eisenpreise rechnen. Langfristig gesehen wird sich der Preis für eine Tonne wohl zwischen 50 und 60 $ einpendeln.

[ricwun]

Update: Vale bestätigtVerhandlungen mit Xstrata

21.01.2008
aktiencheck.de

Rio de Janeiro (aktiencheck.de AG) - Der brasilianische Eisenerzproduzent Vale (ehemals Companhia Vale do Rio Doce, CVRD) (ISIN US2044121000 / WKN 907799) befindet sich derzeit in Verhandlungen über eine mögliche Übernahme des schweizerischen Minen- und Rohstoffkonzerns Xstrata plc (ISIN GB0031411001 / WKN 552834).

Wie aus einer am Montag veröffentlichten Pressemitteilung von Vale hervorgeht, befindet man sich derzeit mit dem Management von Xstrata in Verhandlungen, wobei bislang jedoch noch keine Ergebnisse bezüglich einer konkreten Transaktion erzielt werden konnten.

Zuvor hatte die brasilianische Tageszeitung "Valor Economico" über eine mögliche Übernahme von Xstrata durch Vale mit einem Gesamtwert von 90 Mrd. Dollar berichtet. Laut dem Bericht soll Vale derzeit Gespräche mit verschiedenen Kreditinstituten führen, um eine Finanzierung der Transaktion zu sichern.

Die Aktie von Xstrata notiert aktuell an der Heimatbörse mit einem Minus von 4,55 Prozent bei 68,55 Schweizer Franken, die von Vale schloss am Freitag in New York bei 28,83 Dollar (+1,91 Prozent). (21.01.2008/ac/n/a)

[mickefett]

Antwort auf Beitrag Nr.: 33.119.685 von ricwun am 21.01.08 17:59:29

Kopie von der Vale Homepage:

Releases

VALE makes clear on negotiations


1/21/2008
Companhia Vale do Rio Doce (VALE) is constantly analyzing options for organic growth and/or acquisitions of assets and companies as part of its continuous search for shareholder value creation.

In an environment of a global consolidation of the mining industry, VALE has been maintaining a dialogue with Xstrata Plc management. At the moment, these discussions had not produced any material result yet.

On the other hand, VALE continues to analyze several other options, involving different mining assets. Similarly, these negotiations did not generate any concrete result yet.

Simultaneously, VALE has been exploring with banks several ways to support its growth initiatives in the event it decides to effectively pursue one of the above-mentioned options.

VALE considers that the current conditions prevailing in the global financial markets may constrain the realization of a major strategic move. Therefore, it will keep the prudential posture that has been one of the hallmarks of its management over the years.

VALE informs that any decision on acquisitions requires the approval of its corporate governance bodies and it will be publicly announced.

[mickefett]

Vale announces proposal for 2008 minimum dividend: US$ 2.5 billion

Rio de Janeiro, January 21, 2008 - Companhia Vale do Rio Doce (Vale) announces that its senior management has approved and will submit to the Board of Directors a proposal for the distribution of a minimum dividend of US$ 2.5 billion in 2008. The dividend per share will be US$ 0.517342250, for both common and preferred shares. The payment will be made in two installments, on April 30 and October 31, 2008.

The Board of Directors will evaluate the proposal submitted by senior management, regarding each installment, in the meetings scheduled for April 10 and October 16, 2008.

Payments will be made in Brazilian Reais, calculated on the basis of the Brazilian Real/US dollar exchange rate (Ptax–Option 5) published by the Central Bank of Brazil on the business day prior to the Board of Directors meeting that approves the minimum dividend proposal.

The minimum dividend proposed for 2008, of US$ 2.5 billion, represents an increase of 33.3% over the total dividend paid in 2007, US$ 1.875 billion, and a 110.5% rise over the average annual dividend for the last five years, of US$1.187 billion. At the same time, it is consistent with Vale's policy of financing growth opportunities while preserving a healthy balance sheet.

From 2003 to 2007, total return to Vale's shareholders was 73.7% per year, reflecting the value- creation process embedded into the execution of the Company’s long-term strategy. Despite the significant increase in our share prices, the return to capital to shareholders through dividend distribution produced in an average dividend yield of 2.5% over this period.




For further information, please contact:
[phone]
Roberto Castello Branco: [e-mail]
Alessandra Gadelha: [e-mail]
Marcus Thieme: [e-mail]
Patricia Calazans: [e-mail]
Theo Penedo: [e-mail]
Tacio Neto: [e-mail]

[ricwun]

USB: Übernahme von Xstrata durch Vale ist eine Herausforderung

Wie die USB verlauten ließ, sei eine Übernahme von Xstrata Plc durch den weltgrößten Eisenerzproduzenten, Vale do Rio Doce, eine Herausforderung, so Bloomberg. Auf Grundlage einer eigenen 12-Monats-Prognose für die Aktienpreise käme Xstrata auf eine Marktkapitalisierung von 78 Mrd. $. Die Finanzierung eines solchen Deals sei zwar nicht unmöglich aber in Anbetracht der derzeitigen Marktsituation durchaus eine Herausforderung, sagte Paul Galloway, ein USB-Analyst in London. Bei einer Fusion beider Firmen seien die Überschneidungen jedoch nicht so groß, wie bei anderen Fusionen.


© Redaktion GoldSeiten.de / Rohstoff-Welt.de

[ricwun]

USB: Übernahme von Xstrata durch Vale ist eine Herausforderung

Wie die USB verlauten ließ, sei eine Übernahme von Xstrata Plc durch den weltgrößten Eisenerzproduzenten, Vale do Rio Doce, eine Herausforderung, so Bloomberg. Auf Grundlage einer eigenen 12-Monats-Prognose für die Aktienpreise käme Xstrata auf eine Marktkapitalisierung von 78 Mrd. $. Die Finanzierung eines solchen Deals sei zwar nicht unmöglich aber in Anbetracht der derzeitigen Marktsituation durchaus eine Herausforderung, sagte Paul Galloway, ein USB-Analyst in London. Bei einer Fusion beider Firmen seien die Überschneidungen jedoch nicht so groß, wie bei anderen Fusionen.


© Redaktion GoldSeiten.de / Rohstoff-Welt.de

[mickefett]

Vale 2007 earnings release



Rio de Janeiro, January 22nd, 2008 - Companhia Vale do Rio Doce (Vale) will release its 2007 earnings on Thursday, February 28, 2008 after market close. Vale will release simultaneously consolidated financial statements in US GAAP (generally accepted accounting principles in the United States) and BR GAAP (generally accepted accounting principles in Brazil).



Vale will host a conference call and webcast on Friday, February 29, 12:00 p.m. Rio de Janeiro, Brazil time, 10:00 a.m. United States Eastern Standard Time and 3:00 p.m. British Standard Time.









For further information, please contact:

[phone]

Roberto Castello Branco: [e-mail]

Alessandra Gadelha: [e-mail]

Marcus Thieme: [e-mail]

Patricia Calazans: [e-mail]

Theo Penedo: [e-mail]

Tacio Neto: [e-mail]

[ricwun]

24.01.2008 12:07

Brazil govt opposes CVRD bid for Xstrata- report

LISBON (Thomson Financial) - The Brazilian government is against plans by iron ore producer Companhia Vale do Rio Doce (News) (CVRD) to bid for Anglo-Swiss miner Xstrata Plc, (News) Brazilian newspaper Valor Economico reported.

According to the paper, the government will ask the CVRD board representatives with links to state-owned companies - BNDES Participacoes and Previ, the pension fund of Banco do Brasil - to reject the deal, which would depend on board approval.

The government opposes the planned 90 bln usd acquisition price, the paper said.

The government is also against one of the payment options being considered for the deal - a share swap - as this would transfer to foreign investors a significant part of CVRD, which is considered a strategic asset.

The Brazilian government has a golden share in CVRD.

[e-mail]

[ricwun]

Antwort auf Beitrag Nr.: 33.162.810 von ricwun am 24.01.08 22:34:17

Vale: Brasiliens Regierung gegen Xstrata-Übernahme

24.01.2008 | 13:45 Uhr | Rainer Hahn (EMFIS)

RTE Sao Paulo - (www.emfis.com) - Laut einem Bericht der brasilianischen Zeitung Valor Economico hat sich die brasilianische Regierung gegen eine Übernahme des Minenbetreibers Xstrata durch die brasilianische Vale ausgesprochen.
Die Regierung führt an, dass das Angebot zu hoch sei und dass eine Übernahme gegen die nationalen Interessen sei, so die Zeitung.

[ricwun]

Antwort auf Beitrag Nr.: 33.166.023 von ricwun am 25.01.08 10:52:27

25.01.2008 - 17:19 Uhr
DJ Vale sichert sich Mrd-Kredit für Xstrata-Kauf - Presse

RIO DE JANEIRO (Dow Jones)--Der brasilianische Bergbaukonzern Companhia Vale do Rio Doce (Vale) hat sich laut einem Zeitungsbericht einen Kredit für den geplanten Kauf der Xstrata plc gesichert. Ein Konsortium von zwölf Investmentbanken sei bereit, Vale einen Kredit über 50 Mrd USD zu gewähren, schreibt die brasilianische Tageszeitung "O Estado De Sao Paulo" (Freitagausgabe).

Die Banken hätten auf die Forderung eines höheren Zinssatzes verzichtet, sollte Vale ihr Investment-Grade-Rating von weltweiten Rating-Agenturen verlieren, schreibt die Zeitung. Standard & Poor's und Moody's Investors Service hätten gegenüber den Banken angedeutet, dass Vale trotz der zu erwartenden höheren Schuldenlast ihre Bonität behalten würde.

Die geplante Übernahme des britisch-schweizerischen Bergbau- und Rohstoffhandelskonzern ruft noch immer den Widerstand der brasilianischen Regierung hervor. Ein solcher Zusammenschluss sei teuer, kompliziert und gebe ausländischen Investoren ein zu großes Gewicht im Bergbaukonzern, so die Auffassung der Regierung nach lokalen Presseberichten.

Die Regierung wolle ihren Einfluss auf die Hauptanteilseigner von Vale nutzen, um eine Fusion zu verhindern, hieß es weiter. Der brasilianische Staat hält goldene Aktien von Vale. In einem Radio-Interview hatte der brasilianische Präsident Luiz Inacio Lula da Silva jedoch gesagt, die Regierung würde sich nicht einmischen, solange keine Einzelheiten eines möglichen Vertrags bekannt seien.

Ein Zusammenschluss mit der im schweizerischen Zug ansässigen Xstrata würde nach Auffassung des Vale-CEO Roger Agnelli Vorteile für das brasilianische Unternehmen bringen. Dazu gehörten die geografische Expansion sowie eine Erweiterung des Rohstoff-Portfolios.

Am Montag hatte Vale bestätigt, dass Gespräche mit dem Xstrata-Management geführt werden. Die Übernahme wird auf ein Volumen von 80 Mrd bis 90 Mrd USD geschätzt.

[ricwun]

Vale: Milliarden-Kredit für Xstrata-Kauf
28.01 09:12

LONDON (AWP International) - Der brasilianische Minenkonzern Compania Vale do Rio (Vale) hat sich Presseberichten zufolge einen Milliarden-Kredit für die geplante Übernahme des britisch-schweizerischen Minenkonzerns Xstrata gesichert. Ein Konsortium aus zwölf Grossbanken habe Vale eine Kreditzusage in Höhe von 50 Mrd USD gegeben, berichteten die britische «Sunday Times» und die brasilianische Tageszeitung «O Estado de Sao Paulo» am Wochenende.
Laut «Sunday Times» flog Vale-Finanzchef Fabio Barbosa in der vergangenen Woche nach London, um sich mit den Vertretern der Banken zu treffen. Zum Konsortium unter Führung der HSBC gehören demnach unter anderem Santander (BSCH) , BNP Paribas , Lehman Brothers , Credit Suisse und die Citigroup . Des Weiteren soll sich Vale-Chef Roger Agnelli mit dem brasilianischen Präsidenten Lula da Silva getroffen haben, um grünes Licht für die Übernahme zu erhalten. Die brasilianische Regierung kontrolliert 53% an Vale.

Einem Bericht des britischen «Observer» zufolge dürfte Vale dagegen noch einige Zeit brauchen, um die Finanzierung auf die Beine zu stellen. Grund sei die Vorsicht der Banken nach den Tumulten an den Märkten weltweit. Das Übernahmeangebot in Höhe von insgesamt 80 Milliarden US-Dollar könnte Vale allerdings schon in dieser Woche vorlegen, so die Zeitung weiter. Vale will laut «Observer» den Zukauf zur Hälfte in bar und zur anderen Hälfte in Vorzugsaktien bezahlen.

Xstrata hatte Mitte Dezember Gespräche mit Konkurrenten über eine mögliche Fusion bestätigt. Seitdem ranken sich Spekulationen um Interessenten und die Höhe eventueller Angebote. Vale und Anglo American werden als wahrscheinlichste Käufer gehandelt. Vale hatte erst vor einer Woche Gespräche mit dem Xstrata-Management bestätigt. Die Übernahme wird auf ein Volumen von 80 bis 90 Mrd USD geschätzt.

In die Konsolidierung der Rohstoffbranche ist seit November vergangenen Jahres Bewegung gekommen. BHP Billiton hatte damals ein Übernahmeangebot für den Wettbewerber Rio Tinto vorgelegt und damit die Konkurrenz wachgerüttelt. Bei einem Zusammenschluss der beiden Grossunternehmen würde der mit Abstand grösste Rohstoffkonzern entstehen. Allerdings lehnt Rio Tinto die erste unverbindliche Offerte von drei BHP-Aktien für ein eigenes Papier als zu niedrig ab. Bis zum 6. Februar muss BHP nun ein offizielles Angebot unterbreiten./FX/ne/das/tw

[ricwun]

Vielleicht gehört das ja mal Vale:

Xstrata mit Ressourcenerhöhung in chilenischer Collahuasi-Mine
28.01.2008 | 13:15 Uhr | Rainer Hahn (EMFIS)

RTE Stuttgart - (www.rohstoffe-go.de) - Xstrata gab am heutigen Montag bekannt, dass die geschätzten Kupferressourcen in der chilenischen Collahuasi-Mine um 28% höher sind, als ursprünglich angenommen. Die Mine beinhaltet den aktuellen Berechnungen 5,19 Milliarden Tonnen mit durchschnittlich 0,83% Kupfer. Gerüchte über eine Übernahme von Xstrata durch die brasilianische Minengesellschaft Vale, dem weltweit grössten Eisenerzproduzenten, werden in jüngster Vergangenheit vermehrt vernommen. Der Betrag für diese Übernahme könnte sich auf über 100 Milliarden USD belaufen. Der dann entstandene neue Gigant würde zum weltweit grössten Nickelproduzenten aufsteigen und die russische Minengesellschaft Norilsk Nickel von dieser Position verdrängen. Die Marktkapitalisierung von Xstrata beträgt knapp 65 Milliarden USD. Die Metallhandelsgesellschaft Glencore hält 34,6% der Anteile an Xstrata.

[mickefett]

Antwort auf Beitrag Nr.: 33.194.203 von ricwun am 28.01.08 20:04:21

Kann Vale den Schweizer Rohstoffkonzern Xstrata übernehmen?
Leser des Artikels: 172

Der brasilianische Minengigant Vale versucht derzeit alles, um ein Gebot für den Wettbewerber Xstrata auf die Beine zu stellen. Doch im aktuellen Marktumfeld kämpfen die Südamerikaner gegen viele Windmühlen.

Der Schweizer Rohstoffkonzern Xstrata (ISIN GB0031411001, WKN XTAN), bekannt durch seine aggressive Einkaufspolitik, steht derzeit selbst auf der Einkaufsliste der Wettbewerber. Als potentielle Interessenten gelten Anglo American und vor allem die brasilianische Compania Vale do Rio (Vale).

Die Gerüchteküche brodelte schon seit einigen Wochen. Seitdem gab es immer wieder Meldungen über potentielle Käufer für Xstrata. Selbst das Management mit Sitz in Zug in der Schweiz bestätigte Gespräche mit Interessenten. Die brasilianische Vale prescht nun nach vorne.

In der letzten Woche reiste Vales Finanzchef Fabio Barbosa nach London, um mit verschiedenen Banken die finanziellen Aspekte einer Offerte zu besprechen. Es geht um ein Finanzpaket in Höhe von 50 Mrd. USD. Das Bankenkonsortium wird angeführt von der HSBC.

Mit im Boot sitzen Santander, BNP Paribas, Lehman Brothers, Credit Suisse und die Citigroup. CEO Roger Agnelli traf zwischenzeitlich Luiz Inácio "Lula" da Silva, den brasilianischen Präsidenten. Ohne die Regierung, die fast 53% der Aktien von Vale kontrolliert läuft gar nichts.

Experten zweifeln allerdings, ob es überhaupt zu einer erfolgreichen Offerte für Xstrata kommen wird. Im derzeit schwachen Marktumfeld dürfte es für Vale, die weltweit größte Minengesellschaft nach BHP Billiton, schwierig werden, eine solche Übernahme auf die Beine zu stellen.

Hinzu treten Hindernisse aus der brasilianischen Heimat. Hohe Regierungsbeamte bezeichnen den bis zu 100 Mrd. USD teuren Deal als zu kompliziert und nicht im Sinne Brasiliens. Es bestünde die Gefahr von Arbeitsplatzverlusten und einer Verwässerung für die Brasilianer. Außerdem müsse Vale derzeit zu viel für Xstrata bezahlen.

In der Zwischenzeit gibt es Meldungen aus dem Umfeld von Xstrata, die von JP Morgan Cazenove beraten werden, über Gespräche mit weiteren Interessenten. Auch Direktoren von Glencore International, die 35% an Xstrata halten, sollen sich unverbindlich mit der russischen Rusal und chinesischen Vertretern getroffen haben.

Das Ganze zeigt die hohe Nervosität in der Rohstoffbranche. Die Ankündigung von BHP Billiton im letzten November, den Wettbewerber Rio Tinto kaufen zu wollen, rüttelte die Branche endgültig wach. Seitdem ist nichts mehr unmöglich, jeder spricht mit jedem.

Eines ist wohl sicher: die Konsolidierung in der Rohstoffbranche schreitet unaufhaltsam voran. Aktionäre können dem Ganzen wohl gelassen gegenüber stehen. Sie sollten letztendlich die Profiteure dieser Entwicklung sein.


Autor: Sven Olsson

[mickefett]

Antwort auf Beitrag Nr.: 33.140.505 von mickefett am 23.01.08 11:40:35

http://www.vale.com/vale_us/cgi/cgilua.exe/sys/start.htm?sid…

Hier sind heute die letzten Produktionsdaten von Vale für 2007 und 4.Q 07 veröffentlicht worden.

[ricwun]

YEARLY AGGREGATE GROWTH OF 11.6%
Despite production records, Vale falls short of iron ore goal

http://www.mineweb.co.za/mineweb/view/mineweb/en/page43?oid=…

[ricwun]

Aktien Tokio schließen uneinheitlich - Stahlwerte sehr fest

TOKIO (Dow Jones)--Die Einigung führender Stahlkocher mit ihren
brasilianischen Rohstofflieferanten auf eine Anhebung des Eisenerzpreises hat zu Wochenbeginn bei den Schwergewichten an der Börse in Tokio für Aufschläge gesorgt. Der Gesamtmarkt ging hingegen uneinheitlich aus der Sitzung. Der Nikkei-225 kletterte um 0,1% oder 13 Punkte auf 13.635. Der breiter aufgestellte Topix büßte dagegen 0,1% bzw 2 Zähler auf 1.333 ein.

Bis zur Ausbildung eines stabilen Aufwärtstrends werde es eine Weile dauern, hieß es. "Was wie eine Erholung aussieht, ist eigentlich nur eine technische Gegenbewegung", so ein Börsianer. Er sieht den Leitindix in dieser Woche zwischen 13.400 und 14.100 Punkten pendeln, abhängig von der Marktreaktion auf die anstehenden Konjunkturdaten in den USA nach dem Feiertag.

Die Stahlproduzenten einigten sich mit ihren Rohstofflieferanten auf eine Preisanhebung um 65% beim Eisenerz. "Wir wissen noch immer nicht, ob die gestiegenen Rohstoffpreise den Stahlkochern nützen oder schaden. Anleger vertrauen aber offensichtlich darauf, dass die höheren Beschaffungspreise durch eine anziehende Nachfrage aus Wachstumsmärkten aufgefangen werden können", erläuterte ein Händler. Nippon Steel verteuerten sich um 3,2% auf 575 JPY und JFE Holdings legten um 6,3% auf 4.410 JPY zu.

Toshiba profitierten von Meldungen, wonach das Unternehmen die Zukunft des Geschäftsbereichs HD DVD auf den Prüfstand stelle. Für die Aktie ging es um 5,7% auf 829 JPY nach oben. Unter Abgabedruck standen dagegen die Handelshäuser sowie Immobilien- und Schifffahrtstitel. Händler sprachen hier von Gewinnmitnahmen. Mitsui O.S.K Lines gaben um 5,9% auf 1.445 JPY nach und Mitsubishi Corp fielen um 3,4% auf 3.150 JPY.

Verstärkt verkauft wurden auch Finanzwerte aus den Sektoren
Versicherungen und Banken. Millea Holdings büßten 5,5% auf 3.790 JPY und Mizuho Financial Group 3,2% auf 426.000 JPY ein. Nach einer Abstufung und Kurszielsenkung durch Credit Suisse stürzten Don Quijote um 11% auf 1.446 JPY ab.

[pvalius]

Presse: Nippon Steel, JFE und weitere Stahlkonzerne akzeptieren massive Eisenerz-Preiserhöhung
Montag 18. Februar 2008, 11:34 Uhr


Tokio (aktiencheck.de AG) - Die vier größten japanischen Stahlkonzerne Nippon Steel Corp. (ISIN JP3381000003/ WKN 859164), JFE Holdings Inc. (ISIN JP3386030005/ WKN 724564), Kobe Steel Ltd (München: 858737 - Nachrichten) . (ISIN JP3289800009/ WKN 858737) und Sumitomo Metal Industries Ltd. (ISIN JP3402200004/ WKN 856878) haben einer deutlichen Preiserhöhung für Eisenerz zugestimmt.

Wie die japanische Wirtschaftszeitung "Nikkei (Nachrichten) " am Montag berichtet, werden Eisenerzimporte des brasilianischen Eisenerzproduzenten Vale (ehemals Companhia Vale do Rio Doce, CVRD) (ISIN US2044121000/ WKN 907799) ab dem kommenden Fiskaljahr 2008 um 65 Prozent teurer. Die vereinbarte Preiserhöhung kostet die vier japanischen Stahlkonzerne rund 500 Mrd. Japanische Yen (JPY) im Jahr zusätzlich, so der Artikel.

Ähnliche Vereinbarungen stehen dem Bericht zufolge mit dem britisch/australischen Minenkonzern BHP Billiton Ltd. (ISIN AU000000BHP4/ WKN 850524) und dem britisch/australischen Bergbaukonzern Rio Tinto plc/ Ltd. (ISIN GB0007188757/ WKN 852147) (ISIN AU000000RIO1/ WKN 855018) bevor.

Unter Berücksichtigung der gestiegenen Transport- und Kohlekosten dürfte die japanische Stahlindustrie im Fiskaljahr 2008 mit zusätzlichen Kosten von insgesamt mehr als 1 Bio. JPY belastet werden, so der "Nikkei" weiter.

Die Aktie von Nippon Steel (Berlin: NPS.BE - Nachrichten) schloss heute in Tokio bei 575 JPY (+3,23 Prozent) und die von JFE bei 4.410 JPY (+6,26 Prozent). (18.02.2008/ac/n/a)
http://de.biz.yahoo.com/18022008/85/presse-nippon-steel-jfe-…

[ricwun]

Vale: 90 Milliarden Dollar für Xstrata?
21.02.2008 | 13:30 Uhr | Rainer Hahn (EMFIS)

RTE Brasilia - (www.emfis.com) - Vale do Rio Doce soll das Übernahme-Angebot für die britisch-schweizerische Rohstoffgesellschaft Xstrata angehoben haben. Dies meldete die brasilianische Zeitung "Estado de S. Paolo" unter Berufung auf Händlerkreise.

Demnach wolle der brasilianische Eisenerz-Riese jetzt 89,3 Milliarden Dollar für Xstrata auf den Tisch legen. Der Kaufpreis enthalte weiterhin eine Aktien- und eine Bar-Komponente. Eine offizielle Verlautbarung werde spätestens für Ende dieser Woche erwartet.

Laut "Estado de S.Paolo" habe vor allem die jüngste Eisenerz-Preisrunde den Verhandlungsspielraum von Vale erhöht. Dem Konzern sei es gelungen, bei seinen größten Abnehmern Preissteigerungen von 65 Prozent durchzusetzen.

Das Management von Xstrata hat der Übernahme durch Vale bisher nicht zugestimmt. Pressemeldungen zufolge sollen sich die Differenzen zwischen den beiden Gesellschaften über den Kaufpreis zuletzt verschärft haben.

[ricwun]

Brasiliens Vale und Taiwans China Steel: 65% Erzpreiserhöhung

Taipei 26.02.08 (www.emfis.com)
Der brasilianische Minenkonzern Companhia Vale do Rio Doce (Vale) und der größte Stahlkonzern Taiwans, die China Steel Corporation, haben ihre Preisverhandlungen für die Erzlieferung für das Jahr 2008 mit einer Erhöhung von 65 Prozent abgeschlossen.
Diese reiht sich in die bereits in der vergangenen Woche geführten Verhandlungen von Vale mit den japanischen und südkoreanischen Stahlunternehmen Nippon Steel Corp, Jfe Holdings Inc, und Posco ein. Auch hier wurden 65 Prozent Preiserhöhung beschlossen.

http://www.rohstoffe-go.de/rohstoff.....eiserhoehung_ID67731…

[ricwun]

Vale do Rio Doce diktiert Eisenerzpreise!

Kein Bauboom ohne Stahl und kein Stahl ohne Eisenerz! Diese einfache Aussage bringt das derzeitige Problem der asiatischen Stahlhersteller genau auf den Punkt. Die Produkte dieser Unternehmen erfreuen sich momentan einer regen Nachfrage, so verschlingen die Baumaßnahmen für die Olympischen Spiele in China bspw. Unmengen an Stahl.

Die rasant wachsenden Kundenaufträge können allerdings nur solange erfüllt werden, wie Eisenerz für die Stahlverhüttung vorhanden ist. Genau hier liegt das Problem. Der Eisenerzmarkt befindet sich fest in der Hand weniger Unternehmen. Allein Vale do Rio Doce, Rio Tinto und BHP Billiton kommen gemeinsam auf einen Marktanteil von mehr als 60 Prozent. Dieser geballten Marktmacht haben die asiatischen Stahlhersteller nur wenig entgegenzusetzen, denn der Rohstoffstrom muss weiter fließen. Vale do Rio Doce konnte diese Situation bereits ausnutzen und vor wenigen Tagen gegenüber drei großen asiatischen Abnehmern eine Erhöhung des Eisenerzpreises um 60 Prozent durchsetzen.

2007 hat der weltweit führende Eisenerzförderer insgesamt 295,9 Mio. Tonnen Eisenerz aus dem Boden geholt und damit das Vorjahresergebnis um 12 Prozent übertroffen. Die drastische Preiserhöhung dürfte sich signifikant auf die Geschäftsergebnisse 2008 auswirken. Doch nicht nur im Eisenerzbereich verdient der Konzern kräftig mit, denn auch andere Unternehmensbereiche konnten im Geschäftsjahr 2007 positiv überzeugen.
Demnach betrug die Kupferkonzentratproduktion von Vale im vergangenen Jahr insgesamt 284.200 metrische Tonnen. Mit dem 6,6%igen Anstieg wurde ein neuer Rekord erreicht. Auch die Reinnickelproduktion stieg im Jahre 2007 mit 247.900 metrischen Tonnen auf einen weiteren Hochpunkt.

Die höheren Absatzpreise auf dem Eisenerzmarkt dürften sich in den nächsten Monaten als Turbo für die Aktie des Unternehmens entpuppen. Momentan wird der wichtige Widerstand bei 20,00 Euro ins Visier genommen. Sollte der Ausbruch darüber gelingen, ist die nächste Barriere bei 21 Euro in Sicht. Dann winkt bereits das Allzeithoch bei 22,10 Euro. Die fundamentalen Rahmenbedingungen könnten derzeit kaum besser sein. Rohstoffpreise auf Rekordniveau und ein aggressiver Wachstumskurs rechtfertigen ein 6 Monats-Kursziel von 25 Euro.

Aus Rohstoff-Insider 03.2008

http://rohstoffinsider.de/downloads/Rohstoffinsider_03_2008.…

[pvalius]

Hallo an alle!

Für die die es interessiert: Vale's Zahlen kann man unter http://www.vale.com/vale_us/media/vale_usgaap_4t07i.pdf einsehen.

Bin kurz drüber geflogen - 2007 war wieder ein Top Jahr für Vale.

Ein kleiner Ausschnitt: "Our gross revenue increased by nearly six times between 2003 and 2007, going to US$ 33.1 billion from US$ 5.5 billion. Simultaneously, cash flow, as measured by adjusted EBITDA(a) (earnings before interests, taxes, depreciation, and amortization), grew even faster, to US$ 15.8 billion in 2007 from US$ 2.1 billion in 2003. Our net earnings went up to US$ 11.8 billion in 2007 from US$ 1.5 billion in 2003.

Over this five year period we have returned capital to shareholders through dividend distribution to the tune of US$ 5.3 billion. Total shareholder return was 73.7% per year, the highest rate amongst large diversified mining companies. Vale is currently one of the 40 largest companies in the world by market capitalization.


MfG
pvalius

[ricwun]

Übernahmegespräche zwischen Vale und Xstrata stecken in einer Sackgasse
29.02.2008 | 7:00 Uhr | Rainer Hahn (EMFIS)

RTE Stuttgart - (www.rohstoffe-go.de) - Die brasilianische Compania Vale do Rio (Vale) möchte den Schweizer Rohstoffkonzern Xstrata (ISIN GB0031411001, WKN XTAN) unbedingt übernehmen, doch die Gespräche sind derzeit in eine Sackgasse geraten, da Xstrata "s Großaktionär Glencore Forderungen stellt.

Die Glencore International AG mit Firmensitz in Zug ist die umsatzstärkste Firma der Schweiz. Glencore gilt als eine der weltgrößten Firmen, welche im Rohstoffhandel tätig ist und besitzt 35% an Xstrata. Aus diesem Grunde pflegen Glencore und Xstrata enge Geschäftsbeziehungen.

Da Xstrata für die Produktionsseite zuständig ist, wickelt Glencore die Vermarktung der Rohstoffe ab. Nun hat Glencore sehr lukrative langfristige Verträge mit Xstrata abgeschlossen und möchte sich diese auch bei einem eventuellen Zusammenschluss zwischen Vale und Xstrata sichern.

Laut einem Bericht des Wall Street Journals gibt es über diesen strategischen Punkt einen ernsthaften Disput zwischen den Beteiligten, der sogar zum Abbruch der Gespräche führen könnte.


Werner Rehmet

[ricwun]

Vale erzielt Rekordgewinn von 12 Milliarden Dollar
03.03.2008 | 10:00 Uhr | Rainer Hahn (EMFIS)

RTE Brasilia - (www.rohstoffe-go.de) - Der brasilianische Rohstoffriese Vale hat 2007 einen neuen Rekordgewinn von 20,6 Milliarden Real oder umgerechnet rund 11,9 Milliarden Dollar erzielt. Gegenüber dem Vorjahr entspricht dies einem Anstieg um 49 Prozent. Es handelt sich dabei gleichzeitig um den fünften Gewinnzuwachs in Folge.

Das Ergebnis wurde insbesondere durch die anhaltend hohe Nachfrage nach Eisenerz stimuliert. Insgesamt hat der Konzern 2007 291 Millionen Tonnen Erz abgesetzt. Haupttreiber der Nachfrage seien laut CEO Roger Agnelli einmal mehr die asiatischen Volkswirtschaften und insbesondere China gewesen. 2008 werde zwar die Konjunkturdelle in den USA die Nachfrage unvermeidlich belasten. Man sei aber zuversichtlich, dass dies vom starken
Wachstum in anderen Regionen wie China, dem Nahen Osten und Europa ausgeglichen werde.

[ricwun]

Wirtschaftsnews - von heute 13:32
Erzpreis: Rio Tinto bekommt von China nicht mehr wie Vale


Peking 04.03.08 (www.rohstoffe-go.de)
Im Vorfeld der weiteren Erzpreisverhandlungen zwischen Rio Tinto und den chinesischen Stahlunternehmen, wird die Vereinbarung zwischen Baosteel und der brasilianischen Vale als Maßstab genommen, so die chinesische Industrie- und Handelskammer.
Wie MySteel.net berichtet, wird die 65`prozentige Preiserhöhung für das Eisenerz ab dem neuen Jahr ( 01. April ) als internationale Übereinstimmungen akzeptiert. Das Ansinnen von Rio Tinto einen Anstieg von 71 Prozent zu erreichen, wird abgelehnt. Man sei nicht zu Kompromissen bereit, heißt es weiter...

http://www.rohstoffe-go.de/rohstoff/rohstoffnews.html

[ricwun]

Xstrata bricht ein - Doch keine Übernahme durch Vale?
11.03.2008 | 12:15 Uhr | Rainer Hahn (EMFIS)

RTE London - ([www.rohstoffe-go.de) - Die Aktie des Minenbetreibers Xstrata Plc. brach heute in London auf ein Fünf-Wochentief ein, nachdem die Times berichtet hatte, dass der brasilianische Minengigant Vale sein Übernahmeangebot zurückziehen könnte. Die Übernahme würde die Vale rund 86 Mrd. USD kosten. Die Vale hatte zuletzt heftige Kursrückschläge hinnehmen müssen.

Laut Bloomberg war zu dem Bericht von den beiden Unternehmen kein Kommentar zu bekommen.

Die Xstrata verliert derzeit 3,44% auf 3.710 Pfund.

[ricwun]

Eisenerz für China: Vale wirft Rio Tinto und BHP aus dem Rennen
19.03.2008 | 10:00 Uhr | Rainer Hahn (EMFIS)

RTE Peking - (www.rohstoffe-go.de) - Die chinesische Regierung hat es den Rohstoffkonzernen Rio Tinto und BHP Billiton untersagt, an chinesische Stahlkonzerne Eisenerz über den Terminmarkt zu verkaufen. Gewinner dieser Entwicklung ist der brasilianische Eisenerz-Lieferant Vale do Rio Doce. Dieser liefert das Eisenerz an seine chinesischen Abnehmer auf der Basis mittelfristiger Lieferverträge.

Vale hat für dieses Jahr mit den chinesischen Kunden einen Preisanstieg von 71 Prozent vereinbart. BHP und Rio Tinto wollten dagegen höhere Preise durchsetzen, so wie sie der Spotmarkt vorgegeben habe.

In Sao Paolo verbesserten sich die Titel von Vale gestern um 2,6 Prozent auf 47,70 Real.

http://www.rohstoff-welt.de/news/artikel.php?sid=5719

[pvalius]

Wenn auch schon 2-3 Tage alt, sollten diese news trotzdem hier gepostet werden:

Uebernahme mit Xstrata gescheitert:

Vale will nicht mehr mit Xstrata
Nachrichten gibt es auch aus der Rohstoffbranche: Der weltgrößte Eisenerzproduzent Companhia Vale do Rio (WKN 897998) hat am Mittwoch die geplante Fusionsverhandlung mit dem Schweizer Konkurrenten Xstrata (WKN 552834) engültig abgesagt. „Den Kurs von Xstrata hat das etwa 12 Prozent gekostet“, fasst Vrbsky zusammen. In den gesamten Sektor sei nun aber wieder Übernahmefantasie gekommen
http://boerse-frankfurt.com/pip/dispatch/de/listcontent/priv…

Xstrata: Übernahmeverhandlungen mit Vale gescheitert, Aktie bricht einZug (aktiencheck.de AG) - Die Übernahme des schweizerischen Minen- und Rohstoffkonzerns Xstrata plc (ISIN GB0031411001/ WKN 552834) durch den brasilianischen Eisenerzproduzent Vale (ISIN US2044121000/ WKN 907799) ist vorerst vom Tisch.
Wie aus einer am späten Dienstagabend veröffentlichten Pressemitteilung hervorgeht, wurden die Verhandlungen über einen Zusammenschuss der beiden Minenkonzerne eingestellt, nachdem man sich nicht auf für beide Seiten befriedigende Modalitäten einer Transaktion einigen konnte.

Im Vorfeld hatte es bereits Gerüchte über ein mögliches Scheitern der Fusionsverhandlungen gegeben. Als Hauptgründe wurde dabei der zurückgekommene Aktienkurs des brasilianischen Minenkonzerns genannt, der einer aus Barmitteln und eigenen Aktien bestehenden Offerte für Xstrata im Wege stehen könnte. Zusätzliche Probleme hätten Medienberichten zufolge die Preisvorstellungen einiger Großaktionäre des schweizerischen Minenkonzerns bereitet.

Xstrata, derzeit weltgrößter Eisenerzproduzent, hatte für eine Übernahme von Xstrata Medienberichten zufolge zuletzt rund 76 Mrd. Dollar geboten, was jedoch von dem schweizerischen Minenkonzern als zu niedrig zurückgewiesen worden war.

Die Aktie von Xstrata notiert aktuell an der Heimatbörse mit einem Minus von 9,69 Prozent bei 68,00 Schweizer Franken. (26.03.2008/ac/n/a)
http://www.finanzen.net/nachricht/Xstrata_Uebernahmeverhandl…


Vale discontinues negotiations for the acquisition of Xstrata

Rio de Janeiro, March 25, 2008 – Vale informs that it put forward an indicative proposal to Xstrata Plc (Xstrata) that included a cash and shares offer for 100% of Xstrata which it believes would have created significant value for both sets of shareholders.

Given that an agreement was not reached, discussions between the parties have been discontinued.

For the purposes of Rule 2.8 of the City Code on Takeovers and Merger (the City Code), Vale reserves the right to announce an offer or possible offer or make or participate in an offer or possible offer for Xstrata and/or take any other action which would otherwise be restricted under Rule 2.8 of the City Code within the next six months in the event that: (i) an agreement or recommendation from the Board of Xstrata is forthcoming; or (ii) there is an announcement by a third party of a possible offer or a firm intention to make an offer for Xstrata or Xstrata announces that it has received an approach in relation to a possible offer from a third party; or (iii) Xstrata announces a “whitewash” proposal for the purposes of Rule 9 of the City Code or a reverse takeover; or (iv) there is a material change in circumstances.
http://www.vale.com/vale_us/cgi/cgilua.exe/sys/start.htm?inf…

[mickefett]

Selbst wenn man kein portugiesisch versteht, kann man sich diese Präsentation ruhig ansehen.Viele Worte sind zumindest dem spanischen sehr ähnlich. Viele Charts sind selbsterklärend und zeigen die Expansionspläne von Vale bis 2012.

http://www.vale.com/vale_us/media/080305ApimecRio.pdf

[pvalius]

Goldman Sachs optimistisch für Minenbetreiber

Die Investmentbank Goldman Sachs hat den Metall-und Minensektor von “neutral” auf “attraktiv” heraufgestuft. Die Analysten machen in der Begründung ihrer höheren Sichtweise vor allem auf das allgemein hohe Preisniveau aufmerksam. Zudem dürften die Konzerne infolge jüngster Abschlüsse über höher als erwartete Preise für Massenrohstoffe in 2008 ihre Cash-Flows auf Rekordniveaus steigern. Für Optimismus sorge auch eine für kommendes Jahr erwartete wirtschaftliche Belebung. Die Metallmärkte und Eisenerzpreise dürften sich daher weiter fest präsentieren. Unter den Einzelwerten verfüge Anglo American das meiste Aufwärtspotenzial. Der Titel wird erneut mit einer Kaufempfehlung bedacht. Die Aktie von Anglo American 2,18 Prozent auf 32,27 Dollar.

Anglo hat das meiste Potential... und Vale...?
Diese GS Heraufstufung müsste sich trotzdem positiv für Vale bemerkbar machen.

http://www.boerse-go.de/news/news.php?ida=816634&idc=4

[pvalius]

Vale concludes DR pellet price negotiation with direct reduction mills in the Middle East & North Africa

Rio de Janeiro, April 2, 2008 – Vale, the world's largest iron ore and pellets producer, concluded the direct reduction pellet price negotiations for 2008 with four important clients in the Middle East and North Africa: Ezz Steel, located in Egypt, Libyan Iron and Steel Company, in Libya, Qatar Steel Company, in Qatar, and Saudi Basic Industries, in Saudi Arabia.

As an outcome of these negotiations, the direct reduction pellet price, FOB Tubarão, increased by 86.67% relatively to 2007. Therefore, the new reference price per dry metric ton Fe unit for 2008 is US$ 2.4222 for Tubarão direct reduction pellets.

Vale reinforces its commitment with customers, investing a substantial amount of resources to add new capacity of high quality pellets to meet their increasing demand, aiming to enhance our long-term relationship.


http://www.vale.com/vale_us/cgi/cgilua.exe/sys/start.htm?inf…

[mickefett]

Vale - 1Q08 earnings - Staying strong in a world of changes



Vale - 1Q08 earnings - Staying strong in a world of changes



Rio de Janeiro April 24, 2008 - Companhia Vale do Rio Doce (Vale) showed a solid performance in the first quarter of 2008 (1Q08) in spite of the negative effects of currency volatility and the pressures on costs generated by the price increases for inputs. In this context, expansion of production and the effort to contain costs were fundamental to achieving strong results.

The main highlights of our performance in 1Q08 were:

· Record shipments of iron ore and pellets in a first quarter: 76.572 million metric tons - a 15% increase on 1Q07.

· Records for a first quarter in shipments of aluminum (136,000 metric tons), alumina (833,000 metric tons), cobalt (740 metric tons) and platinum group metals (86,000 troy ounces).

· Gross revenue of US$ 8.048 billion, 4.8% more than in 1Q07.

· Operational profit, as measured by adjusted EBIT(a) (earnings before interest and taxes) of US$ 2.915 billion, an increase of 7.9% over 1Q07.

· Adjusted EBIT margin of 37.2% against 36.1% in 1Q07.

· Adjusted EBITDA(b) (earnings before interest, taxes, depreciation and amortization), of US$ 3.729 billion, an increase of 17.1% relative to 1Q07.

· Net earnings of US$ 2.021 billion, corresponding to earnings per share on a fully diluted basis of US$ 0.41, a 8.8% reduction on the 1Q07 result of US$ 2.217 billion.

· Investments totaled US$ 1.695 billion, of which US$ 1.304 billion in organic growth - R&D and projects - and US$ 391 million in sustaining existing operations.

· Delivery of three new projects: the Fazendão iron ore mine in the Southeastern System, in the state of Minas Gerais, the third Samarco pelletizing plant in the state of Espírito Santo, and Dalian, a nickel processing plant in the province of Liaoning, China.

· Dividend distribution of US$ 0.26 per common or preferred share - US$ 1.25 billion - to be made as from April 30, 2008, corresponding to the first installment of the minimum dividend for 2008, of which 55% in the form of interest on equity and 45% in dividends.

Investment in corporate social responsibility of US$ 155 million, of which US$ 105 million allocated to environmental protection and conservation, and US$ 50 million to social projects.







Vale 2007 earnings are available on Vale's website, www.vale.com.br:

[ricwun]

Quartalsgewinn von Vale bricht um 56% ein
25.04.2008 - 13:13

RIO DE JANEIRO (Dow Jones)--Der Nettogewinn der Companhia Vale do Rio Doce (Vale) ist im ersten Quartal um 56% eingebrochen, da der
starke Kurs der brasilianischen Währung und steigende Kosten auf das Ergebnis drückten. Der Gewinn fiel auf 2,25 Mrd BRL von 5,10 Mrd BRL im gleichen Vorjahresquartal, und der Umsatz sackte um 13% auf 14,55 Mrd von 16,63 Mrd BRL ab. Wechselkurseffekte führten nach Angaben von Vale zu einem Verlust von 622 Mio BRL, verglichen mit einem Gewinn von 906 Mio BRL im Vorjahr. Ein niedrigerer Durchschnittspreis für Aluminium und Nickel schnitt ebenfalls in den Gewinn ein und resultierte in einem Negativeffekt von 793 Mio BRL, der nur teilweise durch ein höheres Verkaufsvolumen ausgeglichen werden konnte. Auf NE-Metalle entfielen 41% des Quartalsumsatzes, auf Eisenmetalle 50% und Logistik 5%. Das EBITDA nahm in der Berichtszeit um 26% auf 6,64 Mrd von 8,94 Mrd BRL ab, die EBIT-Marge fiel auf 37,7% von 49,7%.

In der Berichtszeit hat Vale 74,487 Mio t Eisenerz gefördert, verglichen mit 67,354 Mio t im Vorjahr. Die Produktion von Pellets stieg um 1,9% auf 8,719 Mio von 8,555 Mio t. Dagegen sank die Nickelproduktion um 1% auf 60.800 von 61.400 t. Die Bauxitförderung wurde um 42% auf 2,463 Mio t und die Tonerdeproduktion um 8,2% auf 1,058 Mio t gesteigert. An Hüttenaluminium wurde mit 132.000 t um 3% weniger als im Vorjahr erzeugt. Die Kupferproduktion schrumpfte um 5,5% auf 73.300 t von 77.600 t.

DJN/DJG/bdz/25.4.2008

END) Dow Jones Newswires

April 25, 2008 07:13 ET (11:13 GMT)

Copyright (c) 2008 Dow Jones & Company, Inc.

[mickefett]

Antwort auf Beitrag Nr.: 33.978.757 von ricwun am 26.04.08 20:11:12

Interessant der Unterschied zwischen den Berichten für das 1. Quartal je nachdem ob man in US$ oder BRL berichtet.

[ricwun]

Antwort auf Beitrag Nr.: 33.983.230 von mickefett am 28.04.08 11:09:08

Das finde ich auch. Zumindest steigt der Kurs wieder und das ist eine Sprache (Auslegung des Markts), die mir gefällt.

[ricwun]

Leichter Gewinnrückgang bei Vale

RTE Sao Paulo - (www.rohstoffe-go.de) - Der brasilianische Minenriese Vale gab am späten Freitag Abend seine Quartalsergebnisse bekannt. Diese fielen deutlich schwächer aus, als von Analysten erwartet worden war.

Der Nettogewinn lag im ersten Quartal 2008 bei 2,02 Mrd. USD und damit unter den 2,6 Mrd. USD, die erwartet wurden. Im ersten Quartal 2007 lag der Nettogewinn noch bei 2,,22 Mrd. USD. Der Nettogewinn des Unternehmens wurde vor allem vom geringeren Nickelpreis beeinflusst.

Der Umsatz der Vale konnte im ersten Quartal um 4,6 Prozent auf 7,83 Mrd. USD gesteigert werden.

Ein Vertreter des Unternehmens sagte, dass sich die Verluste aus dem Metallhandel und dem Nickelpreis im zweiten Quartal 2008 nicht wiederholen werden.

http://www.minenportal.de/artikel.php?sid=3231#Leichter-Gewi…

[pvalius]

ArcelorMittal signs record iron ore deal with Vale

Reuters
Julien Ponthus
4/29/2008 3h25

Steel giant ArcelorMittal said on Tuesday it had signed record long-term contracts with Companhia Vale do Rio Doce for the Brazilian firm to supply iron ore and pellets to its plants.
ArcelorMittal said the contracts were the largest ever signed between a steel company and an iron ore supplier.
Vale will supply about 480 million tons of iron ore and pellets to ArcelorMittal plants over the next 10 years.
"This is an important agreement for ArcelorMittal as it ensures that we have the required levels of iron ore to operate our steel plants fully in line with current global demand," Davinder Chugh of the group's management board said in a statement.
ArcelorMittal has 45 percent iron ore self-sufficiency and plans to increase that to 75 percent.
http://www.vale.com/saladeimprensa/en/agencia_vale/noticia.a…

[ricwun]

Vale gibt Aktien in Höhe von 14 Milliarden USD aus zur Finanzierung von Akquisitionen

RTE Stuttgart - (www.rohstoffe-go.de) - Der brasilianische Eisenerzproduzent Vale gab bekannt, Aktien in Höhe von 14 Milliarden USD auszugeben, um künftige Akquisitionen und weiteres organisches Wachstum zu finanzieren. Dies ist die bisher grösste Aktienemission für ein brasilianiches Unternehmen und Teil eines 59 Milliarden USD strategisches Investitionsprogramm von Vale.

Vale wird künftig auch an der Euronext in Paris gelistet werden. Der grösste Anteilseigner des Unternehmens Valepar wird zusätzliche Aktien aufkaufen, um die Beteiligung in Höhe von 53,3% aufrecht zu halten.

Bis 2012 plant Vale, die jährliche Eisenerzproduktion um 40% auf 450 Millionen Tonnen zu steigern. Die Nickel- und Kupferproduktion soll im gleichen Zeitraum auf 500.000 Tonnen bzw. 592.000 Tonnen gesteigert werden.

[mickefett]

Quelle: Rohstoffreport



CVRD, der größte Eisenerzhersteller der Welt, will angesichts gefallener
Wachstumsraten Übernahmen im Kohle- und Kupfersektor tätigen. Das
Unternehmen hat im letzten Monat über eine Kapitalerhöhung 12,06
Milliarden US-Dollar aufgenommen, die Vorstandschef Roger Aagnelli für
Übernahmen verwenden will. Analysten von JPMorgan sehen das „wahrscheinlichste
Übernahmeziel“ in Freeport-McMoran Copper & Gold Inc.,
einem mit 30 Milliarden US-Dollar bewerteten Bergbauunternehmen aus
den USA.
CVRD will zukaufen
CVRD meldete im zweiten Quartal einen Rückgang seines Gewinnwachstums
auf 14 Prozent, nach durchschnittlich 69 Prozent Wachstum
in den letzten vier Jahren. Während das Eisenerzgeschäft bei CVRD weiter
gut läuft, belastet der gefallene Nickelpreis das Geschäft. Nickel verzeichnete
in diesem Jahr den stärksten Preisrückgang seit über zwei
Jahrzehnten. Nach der Übernahme von Inco durch CVRD trägt der Verkauf
von Nickel zu 27% zu CVRDs Umsatzerlösen bei.

[mickefett]

Rio Tinto: 2009 wird gutes Rohstoffjahr
Leser des Artikels: 1

Rio Tinto gut positioniert


Stuttgart (www.rohstoffe-go.de) Vivek Tulpule, „hauseigener“ Ökonom beim Rohstoffkonzern Rio Tinto (ISIN GB0007188757, WKN 852147) erwartet insgesamt ein großartiges Rohstoffjahr 2009. Trotz aller negativen Umstände der letzten Monate ist der Kernpunkt in Tulpules Report, dass die Nachfragesituation aus China und den anderen Schwellenländern weiterhin stabil bleiben soll.



Somit stehe die Rohstoffbranche bereit für ein weiteres großartiges Rohstoffjahr, so der Ökonom. Aufgrund der Industrialisierung und der Urbanisierung in den aufstrebenden Ländern erwartet Rio Tinto ein sechstes Jahr in Folge mit hohen Rohstoffpreisen.

Solch eine Periode sei beispiellos in den letzten 100 Jahren, so Tulpule. Obwohl das Wachstum in den Schwellenländern im Vergleich zu diesem Jahr etwas niedriger ausfallen solle, bleibe es dennoch stabil. China wird seiner Meinung nach eine Wachstumsrate von 9% aufweisen. Zu den interessantesten Sektoren zählt Tulpule Eisenerz, Kupfer, Aluminium und Kohle.

Werner W. Rehmet – Rohstoffe-Go.de

[mickefett]

Antwort auf Beitrag Nr.: 34.896.576 von mickefett am 28.08.08 19:09:20

Vale has approved bauxite and alumina projects



Rio de Janeiro, September 24, 2008 - Companhia Vale do Rio Doce (Vale) announces that its Board of Directors has approved the construction of a new alumina refinery, Companhia de Alumina do Pará (CAP), and the expansion of our Paragominas bauxite mine (Paragominas III), both located at the Brazilian state of Pará.



CAP will be responsible for the implementation and operation of an alumina refinery, located in Barcarena, 5 km away from the alumina refinery of our subsidiary Alunorte. CAP will be 80% owned by Vale, and 20% by Hydro Aluminium (Hydro). Hydro, a company based in Norway, is one of the largest global producers of aluminum and aluminum products.



The initial production capacity of the refinery will be 1.86 million metric tons per year (Mtpy) of alumina, through two lines of 930,000 tons per year. The new refinery has potential for future capacity expansions to reach up to 7.4 Mtpy.



The estimated total capex for the first phase of CAP is US$ 2.2 billion. The project implementation will begin in October 2008 and the operation start-up is expected for the first half of 2011.



Paragominas III will supply the bauxite to be consumed by the CAP refinery. The estimated total capex is US$ 487 million and it will increase the capacity of our Paragominas mine to 14.85 Mtpy from the current 9.9 Mtpy. Paragominas III is expected to start up its operations simultaneously with the first stage of CAP, in 1H 2011.



These projects are consistent with our strategy for the aluminum business, in which the focus is organic growth in the upstream portion of the aluminum production chain, through the development of its high quality bauxite reserves and competitive low-cost expansion of alumina production capacity.

[mickefett]

Antwort auf Beitrag Nr.: 35.266.517 von mickefett am 25.09.08 09:32:51

Oder, wer die vorgehende Nachricht auf Deutsch möchte:
http://aktiencheck.de/news/artikel.m?id=1812981&menue=Auslan…

[mickefett]

Vale on the effects of currency volatility


Rio de Janeiro, September 26, 2008 - Companhia Vale do Rio Doce (Vale) in response to market comments clarifies some issues related to the recent depreciation of the Brazilian real against the US dollar:



(a) Most of Vale's revenues, approximately 95%, are denominated in US dollars (USD), whereas, in average, 60% of its operational costs and investment costs are denominated in Brazilian reais (BRL), and the remaining in other currencies: USD, Canadian dollars, Indonesian rupiahs, Australian dollars and euros. In addition, Vale has assets denominated in currencies other than the BRL;



(b) Vale definitively denies that it has realized losses derived from the BRL/USD exchange rate volatility;



(c) Vale uses exchange rate swaps to convert the part of its debt, which is denominated in BRL, to USD. As a consequence, 99% of its debt denominated is denominated in USD, consistently with its revenues composition by currency;



(d) Vale's exchange rate swaps transactions have long term maturities and have no margin calls clauses;



(e) Vale has a conservative financial policy, using only "plain vanilla" non-levered instruments for hedging, and has an effective control of their use;



(f) Vale's risk management policy, approved by the Board of Directors, explicitly forbids directional bets and speculative transactions with derivatives, and the compliance with these rules is rigorously controlled;



(g) In its quarterly earnings releases, Vale provides a detailed report of the results with transactions involving derivatives, making it clear their non-cash and cash impact on its short term performance, as well as those derived from monetary variation of other items of its balance sheet.

[mickefett]

Gerade in Rohstoffreport von Börse-go gefunden:

Eisenerz: CVRDs Milliardenpoker mit China
Es ist bekannt, dass die Chinesen viel Geld haben. Doch geben sie es nicht willkürlich aus, und schauen auf jeden Extradollar, der insbesondere
für Rohstoffe zu zahlen ist. Das zeigen die Preisverhandlungen der chinesischen Stahlhütten mit dem brasilianischen Eisenerzkönigs CVRD
(WKN 570032). CVRD will seine Preise erneut um 11-11,5 Prozent nach oben schrauben, nachdem im Frühjahr bereits eine Anhebung von 65-
71 Prozent beschlossen wurde. China stellt sich quer und droht, CVRD zu boykottieren, sollte der Konzern auf die Preisanhebung bestehen.

China zeigt sich selbstbewusst. Man wolle auf eigene Quellen zurückgreifen
und eigene Erzminen in Betrieb nehmen, heißt es da in
Berichten der chinesischen Agenturen. Doch die Brasilianer und allen
voran CVRD-Chef Roger Agnelli wissen genau, dass dies nur heiße Luft
sein kann. China kaufte im zweiten Quartal 23,81 Millionen Tonnen
Eisenerz von Vale, das sind 30,2 Prozent der gesamten Fördermengen
des Konzerns in diesem Zeitraum. Im ersten Quartal waren es erst 22,78
Millionen Tonnen.
Vales CEO, Roger Agnelli, bekräftigt seine Meinung, dass Chinas
Stahlhersteller ohne Brasiliens Eisenerz nicht überleben können. Agnelli
sagte wörtlich, dass “der chinesische Markt CVRDs Markt” ist. Der chinesische
Stahlmarkt werde ohne CVRDs Lieferungen „zusammenbrechen“,
so Agnelli.
Trotzdem scheint der Markt über die Weigerungen und Drohungen aus
China verunsichert. Auch wenn diese Preisanhebungen erfolgreich sind,
dürften zukünftige Preisrunden vor dem Hintergrund der Konjunkturschwäche
immer schwieriger durchsetzbar sein. Die Aktien von CVRD fielen
am Freitag um 6,2 Prozent auf 20,89 US—Dollar. Auch die beiden
größten Konkurrenten der Brasilianer, die anglo-australischen Bergbaukonzerne
Rio Tinto und BHP Billiton kamen unter die Räder und verloren
um 7,5 Prozent beziehungsweise 5,8 Prozent an Wert. China ist der
größte Stahlproduzent und gleichzeitig auch der größte Stahlverbraucher
der Welt. Normalerweise treffen sich die Lieferanten von Eisenerz und
die Stahlkocher nur einmal im Jahr, um die Preise für das kommende
Jahr auszuhandeln. CVRD weicht erstmals von diesem Trend ab und will
nun ein halbes Jahr nach der letzten Preisrunde erneut mehr Geld. Da
europäische Stahlkocher den Preisanhebungen bereits zugestimmt
haben, dürfte es für die Chinesen schwer werden, sich gegen die
Forderungen aus Brasilien zu stemmen.
Dennoch gehen sie wie immer trickreich vor, um den Preisrunden zu
entgehen. Die Stahlhersteller haben im Zuge der Olympischen Spiele
ihre Eisenerzbestände erhöht – auf 64,8 Millionen Tonnen, nach 40
Millionen Tonnen im August 2007. Die Stahlkocher in China wollen damit
beweisen, dass sich ihre Konjunktur abkühlt, und dass sie so weniger
Eisenerz in Zukunft benötigen werden. Sie verschweigen, dass die produzierte
Stahlmenge heute rund 11 Prozent über dem letzten Jahr liegt
und dass die Abhängigkeit von ausländischen Eisenerzimporten erneut
um 20 Prozent gestiegen ist. Die Chancen, dass CVRD die Preisrunde
erfolgreich durchsetzen kann, stehen also gut.

[mickefett]

Vale signs leasing contract with Itabrasco



Rio de Janeiro September 30, 2008 - Companhia Vale do Rio Doce (Vale) hereby announces that it has signed a leasing contract involving a pelletizing plant located in Tubarão complex, in Vitória, in the Brazilian state of Espírito Santo, with its affiliated company Companhia Ítalo Brasileira de Pelotização - Itabrasco, for a period of 10 years, as from October 1, 2008.



Itabrasco, which main activity is the production and sale of iron ore pellets, is a joint venture between Vale and Ilva International S.p.A. (Ilva) - the largest steel producer in Italy and one of our largest clients for pellets - each with a 50.9% and 49.1% stake, respectively. In 2007, Itabrasco produced 4.0 million metric tons of iron ore pellets and had net earnings of US$ 35 million.



As an outcome of negotiations, Vale has agreed to pay for the leasing an annual payment in order to guarantee Ilva the same level of profitability. Consequently, Vale will consolidate 100% of Itabrasco's pelletizing operations in its financial statements, simplifying its financial report.



The leasing of Itabrasco follows the announcement made in April 30, 2008 and May 9, 2008 related to the leasing of Nibrasco and Kobrasco. These transactions are consistent with Vale's continuous search for opportunities to maximizing shareholder value creation. In these cases we are increasing our exposure to the iron ore business and capturing synergies in the port of Tubarão, which includes the resulting improvement of efficiency of operational assets and processes.









For further information, please contact:

[phone]

Roberto Castello Branco: [e-mail]

Alessandra Gadelha: [e-mail]

Marcus Thieme: [e-mail]

Patricia Calazans: [e-mail]

Theo Penedo: [e-mail]

Tacio Neto: [e-mail]

[mickefett]

Vale announces the date of 3Q08 results



Rio de Janeiro, October 1, 2008 - Companhia Vale do Rio Doce (Vale) will release its 3Q08 results on Thursday, October 23, 2008 after market close. Vale will release simultaneously consolidated financial statements in US GAAP (generally accepted accounting principles in the United States) and BR GAAP (generally accepted accounting principles in Brazil).



Vale will host a conference call and webcast on Friday, October 24, 12:00 a.m. Rio de Janeiro time, 10:00 a.m. Eastern Standard Time and 3:00 p.m. British Standard Time.









For further information, please contact:

[phone]

Roberto Castello Branco: [e-mail]

Alessandra Gadelha: [e-mail]

Marcus Thieme: [e-mail]

Patricia Calazans: [e-mail]

Theo Penedo: [e-mail]

Tacio Neto: [e-mail]

[Popeye82]

[mickefett]

Antwort auf Beitrag Nr.: 35.379.752 von mickefett am 02.10.08 14:55:51

Vale announces proposal for a share buy-back program


Rio de Janeiro, October 13, 2008 - Companhia Vale do Rio Doce (Vale) announces that the shareholders of Valepar S.A. (Valepar), Vale's controlling shareholder, approved a proposal from Vale's Executive Directors to establish a share buy-back program to be executed over the next 360 days. The share buy-back program considers the acquisition of up to 69,944,380 common shares and up to 169,210,249 preferred shares, corresponding respectively to 5.5% and 8.5% of the free floating shares of each class, respectively, as of September 30, 2008.

This proposal will be submitted to the approval of Vale's Board of Directors at a meeting to be held on October 16, 2008. If approved, the buy-back program could only commence on October 27, 2008, following the end of the blackout period, pursuant to Vale's Securities Trading Policy and Brazilian capital markets regulations.


The program is in accordance with capital markets laws and regulations of Brazil, the United States and France, and the buy-back will be performed through the following financial institutions:



· Bradesco S.A. CTVM - Av Ipiranga 282 - São Paulo (SP)

· Itaú CV - Av. Doutor Hugo Beolchi 900, 15º andar - São Paulo (SP)

· Agora-Senior CTVM S.A. - Praia de Botafogo 300, 6º andar - Rio de Janeiro (RJ)

· Fator S.A. CV - R. Doutor Renato Paes de Barros 1.017 - 11º e 12º andares - São Paulo (SP)

· Credit Suisse Hedging-Griffo CV S.A. - Av. Presidente Juscelino Kubitschek 1.830, 6º e 7º andares - São Paulo (SP)

· Magliano S.A. CCVM - R. Bela Cintra 986, 2º andar - São Paulo (SP)



The main purpose of the share buy-back program is to employ Vale's cash, given the recent market multiples observed, to maximize shareholder value.







For further information, please contact:

[phone]

Roberto Castello Branco: [e-mail]

Alessandra Gadelha: [e-mail]

Marcus Thieme: [e-mail]

Patricia Calazans: [e-mail]

Theo Penedo: [e-mail]

Tacio Neto: [e-mail]

[mickefett]

Vale signs new long-term contract with Corus


Vale signs new long-term contract with Corus



Rio de Janeiro, October 15, 2008 - Companhia Vale do Rio Doce (Vale) announces that it has signed a new long-term contract with Corus UK Ltd (Corus) to supply iron ore to its plants in Europe.



Under this long-term contract, which is one of the largest ever signed between a steel company and an iron ore supplier, Vale will supply approximately 63 million metric tons of iron ore to Corus´s plants over the next five years.



This contract is aligned with Vale´s and Corus´s desire to further strengthen their relationship that started in 1942, the same year of Vale´s foundation. Additionally, it highlights Vale´s unique capability as a long-term reliable supplier of high quality iron ore, given its large-scale operations and excellence.





For further information, please contact:

[phone]

Roberto Castello Branco: [e-mail]

Alessandra Gadelha: [e-mail]

Marcus Thieme: [e-mail]

Patricia Calazans: [e-mail]

Theo Penedo: [e-mail]

Tacio Neto: [e-mail]

[mickefett]

Vale announces approval of a share buy-back program


Rio de Janeiro, October 16, 2008 - Companhia Vale do Rio Doce (Vale) informs that, at a meeting held today, its Board of Directors approved the proposal to establish a share buy-back program that considers the acquisition of up to 69,944,380 common shares and up to 169,210,249 preferred class "A" shares, corresponding respectively to 5.5% and 8.5% of the free floating shares of each class. Vale's free floating shares consist of 1,265,264,204 common shares and 1,995,511,531 preferred class "A" shares. The shares may be purchased by Vale or any of it affiliates, and will be held in treasury for subsequent cancellation or sale.

The buy-back program, which complies with capital market laws and regulations of Brazil, the United States and France, will be executed over the next 360 days as from today, October 16, 2008 and could only commence on October 27, 2008, following the end of the blackout period, pursuant to Vale's Securities Trading Policy and Brazilian capital market regulations.


The buy-back program will be performed at market prices through the following financial institutions:



· Bradesco S.A. CTVM - Av Ipiranga 282, 13th, 14th e 15th floor - São Paulo (SP)

· Itaú CV - Av Doutor Hugo Beolchi 900, 15th floor, Tower Eldoro Vilella - São Paulo (SP)

· Agora-Senior CTVM S.A. - Praia de Botafogo 300, 6th floor - Rio de Janeiro (RJ)

· Fator S.A. CV - Rua Doutor Renato Paes de Barros 1.017 - 11th e 12th floor - São Paulo (SP)

· Credit Suisse Hedging-Griffo CV S.A. - Av Presidente Juscelino Kubitschek 1.830, 6th e 7th floor - Towers III e IV - São Paulo (SP)

· Magliano S.A. CCVM - Rua Bela Cintra 986, 2nd floor - São Paulo (SP)

· Credit Suisse (Brasil) S.A. CTVM - Av Brigadeiro Faria Lima 3064, 13th floor - São Paulo (SP)

· Santander S.A. CCT - Rua Hungria 1400, 4th floor - São Paulo (SP)

The objective is to maximize shareholder value, given the recent market multiples observed.

[mickefett]

Vale pays second tranche of 2008 dividend



Rio de Janeiro, October 16, 2008 - Companhia Vale do Rio Doce (Vale) announces that the Board of Directors has approved the payment of the second tranche of its minimum dividend for 2008, amounting to US$ 1.25 billion, and an additional dividend of US$ 350 million, totaling US$ 1.6 billion, equal to US$ 0.303123240 per common or preferred share in circulation.



Given the first tranche of minimum dividend paid as from April 30, 2008, Vale will pay out to its shareholders a total of US$ 2.85 billion this year. Therefore, dividend distribution in 2008 increased by 55.53% relatively to 2007.



The dividend distribution is consistent with our cash flow and complies with the Brazilian corporate law and Vale's dividend policy.


Dividend payment



The dividend payment will be made as follows:



1. Dates of payment - As of Friday, October 31, 2008 in Brazil. As of Friday, November 7, 2008 for ADR holders, who will be paid through JP Morgan Chase Bank, N.A. depositary bank for Vale ADRs.



2. Conversion to Brazilian reais (R$) - The amounts in Brazilian reais (R$) calculated using the exchange rate for the sale of US dollars as informed by the Central Bank of Brazil on October 15, 2008 (Ptax - option 5) - R$ 2.1551 per US dollar - as per the procedures disclosed on January 21, 2008.



3. Total amount - Distribution of R$ 3,448,160,000.00 equivalent to R$ 0.653260895 per common or preferred share in circulation. Of this amount, R$ 2,717,000,000.00, corresponding to R$ 0.514741153 (US$ 0.238847920) per common or preferred share, will be paid in the form of interest on capital (JCP) and R$ 731,160,000.00 in the form of dividends equivalent to R$ 0.138519743 (US$ 0.064275320) per common or preferred share.



4. Taxation - A withholding income tax will be levied on the amount distributed as JCP, in accordance with prevailing tax code in Brazil.



5. Record dates - All investors who hold Vale shares at the record dates will have the right to the dividend payment. The record date for the owners of shares traded on the BOVESPA is Thursday, October 16, 2008. The record date for holders of ADRs traded on the New York Stock Exchange (NYSE) and Euronext Paris is Thursday, October 23, 2008.



6. Ex-dividend trading - Vale shares will be traded ex-dividend on the stock exchanges: BOVESPA from Friday, October 17, NYSE and Euronext Paris from Tuesday, October 21, 2008.









For further information, please contact:

[phone]

Roberto Castello Branco: [e-mail]

Alessandra Gadelha: [e-mail]

Marcus Thieme: [e-mail]

Patricia Calazans: [e-mail]

Theo Penedo: [e-mail]

Tacio Neto: [e-mail]

[mickefett]

REACHING NEW HIGHS

Performance of Vale in 3Q08

Rio de Janeiro, October 23, 2008 - Companhia Vale do Rio Doce (Vale) operational and financial performance in the third quarter of 2008 (3Q08) continued on the excellence track, marked by records in the production of iron ore, pellets, nickel, bauxite, alumina, aluminum, cobalt, and thermal coal, shipments of iron ore and pellets, copper, alumina, cobalt and thermal coal, gross revenue, operational profit and cash generation.

The combination of financial strength, world-class assets and a wealth of organic growth options gives us an advantageous position to pursue the maximization of shareholder value over the long-term.

Notwithstanding our belief in the soundness of the minerals and metals markets long-term fundamentals, in the short-term we face a challenging global economic scenario which poses risks for our performance. However, on the other hand, the global financial stress generates opportunities for value creation, thereby facilitating the exploitation of several growth options available to us.

In the light of these risks and opportunities, we are maintaining a flexible stance, implementing our growth strategy but retaining the optionality to manage our production and project pipeline according to a careful assessment of the evolution of market conditions.

The main highlights of performance in 3Q08 were:


. All-time high shipments of iron ore and pellets, reaching 85.9 million metric tons.

. Record gross revenue of US$ 12.1 billion, 49.2% more than the US$ 8.1 billion of 3Q07. Accumulated revenue for the first nine months of 2008 (9M08) was US$ 31.1 billion against US$ 24.7 billion in 9M07.

. Record operational profit, as measured by adjusted EBIT (a) (earnings before interest and taxes) of US$ 5.5 billion, 61.4% higher than 3Q07. In 9M08 adjusted EBIT was US$ 13.7 billion increasing 30.2% relative to 9M07.

. Adjusted EBIT margin of 47.2%, against 43.4% in 3Q07.

. Record cash generation, as measured by adjusted EBITDA(b) (earnings before interest, taxes, depreciation and amortization): US$ 6.4 billion in 3Q08, US$ 2.4 billion above 3Q07. In 9M08, adjusted EBITDA reached US$ 16.3 billion against US$ 12.2 billion in 9M07.

. Net earnings of US$ 4.8 billion, equal to US$ 0.94 per share on a fully diluted basis, with a 64.0% increase over the 3Q07 figure of US$ 2.9 billion. In 9M08 net earnings reached US$ 11.9 billion, against US$ 9.2 billion in 9M07.

. Strong financial position, based on powerful cash flow, large cash holdings of US$ 15.2 billion, availability of significant medium and long-term credit lines and a low-risk debt portfolio.

. Dividends of US$ 1.6 billion to be paid from October 31, 2008. Total dividend distribution of US$ 2.85 billion in 2008, a historical record, an increase of 52.0% relative to the US$ 1.875 billion paid in 2007.

. Investment of US$ 2.7 billion in 3Q08 and US$ 6.7 billion in 9M08. Six projects already delivered: Zuhai, Samarco III, Fazendão, Dalian, Paragominas II and Alunorte 6&7.

. In line with a key strategic commitment our investment in corporate social responsibility reached US$ 197 million, US$ 132 million of which destined for environmental protection and US$ 65 million for social projects. In 9M08, these investments totaled US$ 580 million, US$ 404 million in environmental protection and US$ 175 million in social actions.




Click here for press releases



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For further information, please contact:

[phone]

Roberto Castello Branco: [e-mail]

Alessandra Gadelha: [e-mail]

Marcus Thieme: [e-mail]

Patricia Calazans: [e-mail]

Theo Penedo: [e-mail]

Tacio Neto: [e-mail]

[mickefett]

Vale adjusts to the new global economic scenario



Rio de Janeiro, October 31, 2008 - Companhia Vale do Rio Doce (Vale) informs that it is taking steps to change its production plans in accordance to the new global economic outlook that emerged from the recent intensification of financial market stress and the adverse feedback loops between the financial system and the real economy.

One of its implications is a strong negative impact on the global steel industry, given the importance of steel for industrial production and construction. Hence, steel companies around the globe have been announcing significant production cuts, estimated at approximately 20% of the 2007 world's production level, to be implemented immediately.

Since iron ore only application is in steelmaking, its demand was suddenly impacted by the steel output contraction. As a bulk product, with large-scale operations, iron ore demands mine-railroad-port-maritime shipping integration and does not allow significant inventory building in expectation of demand recovery, due to physical limitations.

The slowdown of global industrial production has also negatively impacted the demand for base metals, such as nickel and aluminum, already reflected in declining prices and rising inventories.

Thus, the new global environment demands adjustment in our production program for several products, with an ensuing deceleration in our operational activities. We strongly believe this decision, made at this point of time, will contribute to minimize risks of much larger future costs to our shareholders, employees and the communities where we operate.

In this context, Vale has decided to reduce its iron ore production by a volume equivalent to 30 million metric tons annually. This will be enforced through the shutdown of some mines, in the Southern and Southeastern Systems, in the state of Minas Gerais, Brazil, from Saturday, November 1, 2008, onwards. These are higher-cost iron ore mines with lower-quality output relatively to the average quality of Vale's iron ores.

This aims to adapting our supply to global demand, avoiding unnecessary and costly inventory building. As a consequence of the stoppage, our employees will have collective vacations.

Two pellet plants, representing approximately 20% of our total nominal capacity, will be shutdown for maintenance for maintenance also from November 2008 onwards.

Our manganese ore and ferroalloy operations in Brazil will be paralyzed from December 2008 to January 2009. Our Dunkerque ferroalloy plant in France will be kept idled until April 2009, while the plant in Mo I Rana, Norway, will have its furnace maintenance extended until June 2009. These changes will imply into a production cut of 600,000 metric tons of manganese ore and 90,000 metric tons of ferroalloy.

In Indonesia, we are discontinuing the usage of higher-cost thermal power generation, which will lead to a reduction of nickel-in-matte output by 20%, amounting to approximately 17,000 metric tons. In addition, our utility nickel refinery in Dalian, China, will keep running at 35% of its nominal capacity.

Vale has decided to shutdown the activities of one of its aluminum smelters, belonging to its wholly owned subsidiary, Valesul Aluminio S.A. (Valesul), in the state of Rio de Janeiro, Brazil. Valesul operates at relatively high costs, mainly due to the high prices of electricity, a key input for aluminum smelting. Valesul production will be limited to 40% of its nominal annual capacity of 95,000 metric tons, to comply with contractual obligations.

The slowdown of kaolin demand for paper coating leads us to cut production. Therefore, production of our subsidiary CADAM S.A., in the state of Amapá, Brazil, will be reduced by 30% of their nominal production capacity.

Given the confidence on the long-term fundamentals of the markets for minerals and metals, Vale will implement the capex budget for 2009 as announced on Thursday, October 16, 2008, that will imply into significant job creation in the future.





For further information, please contact:

[phone]

Roberto Castello Branco: [e-mail]

Alessandra Gadelha: [e-mail]

Marcus Thieme: [e-mail]

Patricia Calazans: [e-mail]

Theo Penedo: [e-mail]

Tacio Neto: [e-mail]

[mickefett]

Aus Rohstoffreport von Börse-Go:

Basismetalle
Vale knickt ein – und bezahlt Eisenerzlieferungen für China
Die Kreditkrise hinterlässt immer tiefere Spuren in der Realwirtschaft.
Nirgends kann dies derzeit besser gezeigt werden, als bei Rohstoffen, die
auf den Seetransport angewiesen sind, um von den Produzenten zu den
Kunden zu gelangen. Die brasilianische Vale (CVRD), der Marktführer bei
der Förderung von Eisenerz, zeigte sich noch vor wenigen Wochen zuversichtlich,
eine zwölfprozentige Preisanhebung bei ihren chinesischen
Kunden durchdrücken zu können. Nun, wenige Wochen später, hat Vale
diese Forderung klammheimlich fallengelassen.
In einer Pressemitteilung vom 3. November ist sogar zu lesen, dass Vale
chinesischen Kunden die Seefrachtkosten zahlen will. Dieser Kehrtwende
um 180 Grad gingen drastische Produktionskürzungen der Stahlkocher in
China voraus. Die China Iron and Steel Association berichtet, dass chinesische
Stahlkocher in den ersten drei Quartalen dieses Jahres dramatische
Gewinneinbrüche zu verzeichnen hatten. 23 große und mittelgroße
Stahlkocher machten Verluste im September, das sind 32,4 Prozent des
chinesischen Stahlmarktes. Taiyuan Iron & Steel, der größte chinesische
Hersteller von rostfreiem Stahl, soll unbestätigten Medienberichten zufolge
seine Produktion halbiert haben, um der Nachfrageschwäche zu
begegnen.
Rohstoffe türmen sich in den Häfen
In den chinesischen Häfen sind die Vorräte in den letzten drei Wochen auf
90 Millionen Tonnen Eisenerz gestiegen, das ist der höchste Stand jemals
und soviel, wie China sonst in über zwei Monaten importiert hat. Vale
rechnet in den nächsten drei bis vier Monaten mit einer dramatischen
weiteren Eintrübung des weltweiten Stahlmarktes und hat zudem
bekannt gegeben, seine Fördermenge an Eisenerz ab diesem Monat um
10 Prozent drosseln zu wollen.
Von einer Eintrübung der chinesischen Metallnachfrage gehen die
Analysten von Barclays aus. „Basierend auf unseren Analyseergebnissen
kommen wir zu dem Ergebnis, dass uns eine Periode niedriger
Metallnachfrage bevorsteht, und dieses Mal wird uns China nicht vor dieser
Schwächephase retten können.“
Investitionen werden auf Eis gelegt
Jeremy Gray von der Credit Suisse sieht zahlreiche Bergbauprojekte in
China durch die schwache Nachfrage und die Kreditkrise bedroht.
Zahlreiche Projekte würden auf Eis gelegt werden und die Enttäuschung
bei den jungen Unternehmen sei hoch. Es könnte zwei Jahre dauern, bis
die Vertreter in der Industrie wieder neuen Mut fassen und wieder investieren.
„Es wird neue Höchstpreise bei Rohstoffen geben müssen, bis die
meisten Vorstände wieder den Mumm haben, in den Markt zurückzukehren.“
Im kommenden Jahr könnten Kapitalinvestitionen von 50 Milliarden
US-Dollar verschoben werden, bis 2012 stehen außerdem weitere 150
Milliarden US-Dollar auf dem Spiel.
Analysten der UBS senken ihre Preisprognosen für Rohstoffe für 2009 und
2010 um durchschnittlich 37 Prozent, um eine Senkung ihrer Prognose für
das Weltwirtschaftswachstum gerecht zu werden. Jene setzten die
Analysten für 2009 von 2,2 Prozent auf 1,9 Prozent herab.

RohstoffReport Update
Ein Service der BörseGo AG 5. Jahrgang | Ausgabe 22 vom 28. Oktober bis 03. November 2008
Wochenkommentar
von Jochen Stanzl

[mickefett]

Antwort auf Beitrag Nr.: 35.830.208 von mickefett am 04.11.08 21:49:24

EM Stocks Review Lateinamerika: Bovespa zieht um 7 Prozent an
Leser des Artikels: 18

Brasilia 05.11.2008 (www.emfis.com) Die lateinamerikanischen Aktienmärkte kamen auch gestern wieder gut voran. Angesichts der amerikanischen Präsidentschaftswahl hatte gleichzeitig auch die Wallstreet ordentlich zugelegt. Daneben war der Dollar gefallen, was eine gewisse Rückkehr der Risikobereitschaft des internationalen Anlegerpublikums signalisierte. Auch die wieder robusten Rohstoffnotierungen schienen für neue Investments in Lateinamerika zu sprechen.

In Brasilien sprang der Bovespa um 7 Prozent nach oben auf 40.926 Zähler, und hat damit erstmals seit einem knappen Monat wieder die 40.000-Punkte-Linie überschritten. Unter den Rohstoffwerten zogen Petrobras um 9,6 Prozent und Vale um 6,5 Prozent an. Im Stahlsektor gewannen Gerdau 14 Prozent und Usiminas 6,2 Prozent hinzu. Der Zusammenschluss von Banco Itau und Unibanco belebte zudem den Bankensektor. Hier gewannen Itau 6,7 Prozent und Unibanco 7,6 Prozent hinzu. Banco Bradesco verbesserten sich um 6,5 Prozent und Banco do Brasil um 13 Prozent.

In Mexiko legte der IPC-Index 3,2 Prozent auf 21.254 Zähler zu. Auch hier waren es die Minenwerte, die besonders gefragt waren. Grupo Mexico etwa stiegen um 6,0 Prozent und Industrias Penoles um 6,6 Prozent. Im Einzelhandelssektor zogen Wal-Mart de Mexico um 7,6 Prozent an. Dagegen gaben Comerci 0,6 Prozent ab.

[mickefett]

Vale announces adjustment in its nickel operations


Vale announces adjustment in its nickel operations



Rio de Janeiro, December 4, 2008 - Companhia Vale do Rio Doce (Vale) informs that in light of the conditions prevailing in the global nickel market it is taking steps to adjust its production plan in Canada in addition to the measures already announced with respect to its Indonesian operations.



Vale has decided to shutdown for an undetermined period of time the Copper Cliff South mine (CC South), located in the mining site of Sudbury, province of Ontario, Canada. Operations will be suspended from January onwards. The CC South output contributes to the production of 8,000 metric tons per year of finished nickel.



The Voisey's Bay operations, located in the province of Newfoundland and Labrador, Canada, and comprising the Ovoid mine and a processing mill, will be shutdown during the entire month of July 2009. Voisey's Bay produces nickel and copper concentrates. In the first nine months of 2008 its operations contributed to the production of 58,000 metric tons of finished nickel and 39,000 metric tons of copper in concentrate.



In addition to the production cutbacks, Vale has decided to postpone the start up of the development of the Copper Cliff Deep (CC Deep) project for a period of 12 months. As announced in our capex budget for 2009, the development of CC Deep has a total investment cost of US$ 814 million, of which US$ 138 million was budgeted to be spent in 2009. CC Deep involves the replacement of the current shafts in the Copper Cliff North and Copper Cliff South mines by one single shaft.



Vale also informs that in an effort to reduce costs its wholly-owned subsidiary, Vale Inco, is launching a voluntary retirement program for eligible staff employees across the globe. Vale Inco will pursue other initiatives to reduce costs.



In face of the uncertainties embedded in the current global economic scenario Vale retains the optionality to manage production according to its assessment of market conditions.

For further information, please contact:
[phone]
Roberto Castello Branco: [e-mail]
Alessandra Gadelha: [e-mail]
Marcus Thieme: [e-mail]
Patricia Calazans: [e-mail]
Roberta Coutinho: [e-mail]
Theo Penedo: [e-mail]
Tacio Neto: [e-mail]

[mrbk1234]

Moin,

Kann mir irgendwer sagen, was diese WKN zu sagen hat? 570032?

[mickefett]

Vale announces proposal for 2009 minimum dividend: US$ 2.5 billion


Vale announces proposal for 2009 minimum dividend: US$ 2.5 billion



Rio de Janeiro, January 22, 2009 - Companhia Vale do Rio Doce (Vale) announces that its senior management has approved and will submit to the Board of Directors a proposal for the distribution of a minimum dividend of US$ 2.5 billion in 2009. The dividend per share will be US$ 0.479523218, for both common and preferred shares. The payment will be made in two installments, on April 30 and October 30, 2009.

The Board of Directors will evaluate the proposal submitted by senior management, regarding each installment, in the meetings scheduled for April 15 and October 15, 2009.

Payments will be made in Brazilian reais, calculated on the basis of the Brazilian real/US dollar exchange rate (Ptax-Option 5) published by the Central Bank of Brazil on the business day prior to the Board of Directors meeting that approves the minimum dividend proposal.

The minimum dividend proposed for 2009, US$ 2.5 billion, is equal to the minimum dividend announced in 2008 and 24.5% higher than the average dividend paid in the last three years, 2006-2008. At the same time, it is consistent with Vale's financial policy, which aims to provide a strong support to the exploitation of profitable growth opportunities alongside the preservation of a sound balance sheet, an important condition in light of the current global recessionary environment and the prevailing uncertainties.

[mickefett]

Vale to acquire iron ore and potash assets


Vale to acquire iron ore and potash assets



Rio de Janeiro, January 30, 2009 - Companhia Vale do Rio Doce (Vale) announces that it entered into a purchase and sale agreement with Rio Tinto Plc (Rio Tinto) to acquire iron ore and potash assets through an all-cash transaction. The price to be paid for the iron assets amounts US$ 750 million, while the potash deposits will be acquired for US$ 850 million, totaling US$ 1.6 billion.





Assets to be acquired



· Iron ore



100% of the Corumbá open pit iron ore mining operations (Corumbá), state of Mato Grosso do Sul, Brazil, with associated logistics assets, including port and barges.



Corumbá produced 2.0 million metric tons (Mt) of iron ore in 2008 and has a nominal capacity to produce 2.5 Mt per year, with proven and probable reserves at the end of 2007 of 210 Mt, at 67.0% Fe content, and mineral resources of 583 Mt, at 62.7% Fe content.[1] It is a world-class asset, with high Fe content and rich in direct reduction lump ores, a highly valued type of iron ore that is becoming increasingly scarce around the world.



The logistics assets enable Corumbá to be 70% self-sufficient in the transportation of iron ore down the Paraguay river. The logistics arm is strategic in a region where there is strong seasonal volatility in freight availability and prices.



Corumbá is located near our Urucum iron ore and manganese operations. There are potential synergies to be exploited, through augmented asset and portfolio flexibility, lower administrative and logistics costs and rationalization of the use of reserves.



The acquisition of Corumbá is subject to the approval of certain government entities in Brazil.



· Potash



100% of Rio Colorado project (Rio Colorado), provinces of Mendoza and Neuquén, Argentina, and 100% of the Regina project (Regina), province of Saskatchewan, Canada.



Rio Colorado comprehends the development of a mine with an initial nominal capacity of 2.4 Mtpy of potash (potassium chloride, KCl), and potential to be expanded up to 4.35 Mtpy, construction of a railway spur of 350 km, port facilities and a power plant. Estimated resources amount to 410 Mt.



Regina is still at exploration stage, with potential to deliver an annual output of 2.8 Mt of KCl. The area already has water, power and rail infrastructure to serve the project, allowing the transportation of the final product to Vancouver, thus facilitating the access to the fast growing Asian market.





The strategic rationale for investing in fertilizers



Vale operates Taquari-Vassouras, state of Sergipe, Brazil, where it produced 607,000 metric tons of potash in 2008. Additionally, we are evaluating the feasibility of potash projects in Brazil (Carnalita) and Argentina (Neuquén), which will involve the use of solution mining, the same technology planned to be employed at Rio Colorado. Simultaneously, we are developing the Bayóvar phosphate project in Peru, expected to come on stream in 2H10, with an estimated capacity of 3.9 Mtpy and budgeted capex of US$ 479 million.



Potash contributes to raise crop yields and helps plants to fight diseases and drought, and at the same time it improves food taste and nutritional value. Global crops used for food and fuel, where quality is critical, require significant amounts of potash. Corn, soybeans, sugar cane and oil palm are examples of high-potash intensive crops. Sugar cane - the feedstock for the Brazilian ethanol industry - consumes more than four times potash per hectare than soybeans. Countries such as China and India still apply far less potash than the US, which host a mature and technologically advanced agriculture industry with high-yield crops.



Potash reserves are highly geographically concentrated with the three largest producers - Canada, Russia and Belarus - accounting for 80% of the world total reserves.



China, the US, Brazil and India are the largest consumers and importers in the world. Per capita income growth causes diet changes that ultimately contribute to boost fertilizer use. More recently, biofuels emerged as another driver of the demand for fertilizers. Ethanol is made from sugar cane in Brazil and corn in the US, while biodiesel is made mainly from soybeans, palm and rapeseed.



South America and emerging Asia are expected to be the major drivers of future global potash consumption growth. Particularly Brazil is expected to play a key role, given its position as a global agricultural powerhouse - among other products it is one the world´s largest producers of sugar cane, soybeans and corn - where modernization has been taking place at fast pace over the recent years and large investments in logistics infrastructure are planned.



The severe ongoing global recession does not change the underlying fundamentals that drive long-term demand growth for fertilizers and in particular potash. On the supply side, ability to expand production through brownfield projects is limited and there are serious geological, financial and institutional constraints to greenfield project development.



The acquisition of potash assets is aligned with Vale's strategy to become a large producer of fertilizers to benefit from the exposure to rising global consumption.















For further information, please contact:

[phone]

Roberto Castello Branco: [e-mail]

Alessandra Gadelha: [e-mail]

Marcus Thieme: [e-mail]

Patricia Calazans: [e-mail]

Roberta Coutinho: [e-mail]

Theo Penedo: [e-mail]

Tacio Neto: [e-mail]

[mickefett]

Vale: sale of stake in Usiminas


Vale: sale of stake in Usiminas
Rio de Janeiro, January 30, 2009 - Companhia Vale do Rio Doce (Vale) informs that there was no decision of its Board of Directors about the sale of its 14,869,368 common shares issued by Usinas Siderúrgicas de Minas Gerais S/A - Usiminas (Usiminas).



--------------------------------------------------------------------------------

For further information, please contact:
[phone]
Roberto Castello Branco: [e-mail]
Alessandra Gadelha: [e-mail]
Marcus Thieme: [e-mail]
Patricia Calazans: [e-mail]
Roberta Coutinho: [e-mail]
Theo Penedo: [e-mail]
Tacio Neto: [e-mail]

[mrbk1234]

[mrbk1234]

Unglaublich, hier wird ja richtig gefeiert und in DE merkt es mal wieder keiner so richtig.

Wie auch immer, der Trend in die richtige Richtung nach Norden sollte beim Schlusskurs auf dem Niveau gegeben sein.

Warum wird heute so stark nachgefragt?

[jensdab]

Praktisch, vielleicht 2 Fliegen mit einer Klappe geschlagen, da ich in Vale und seit 30.12.08 in Rio Tinto investiert bin mit Gewinn.

Aber auch mit CVRD bin ich seit kurzem wieder im Plus nach einer Schwachephase.

Gut für beide Gesellschaften, Rio Tinto baut weitere Schulden ab und Vale bekommt neue assets.





Press release

Registered in Australia Rio Tinto Limited 120 Collins Street Melbourne 3000 Australia ABN 96 004 458 404
Rio Tinto completes sale of potash assets
5 February 2009

Rio Tinto has completed the sale of its undeveloped potash assets to Vale, the Brazilian mining company, for a cash consideration of US$850 million. The transaction is comprised of the Potasio Rio Colorado potash project in Argentina and the Regina exploration assets in Canada. The proceeds from this divestment will be used for the repayment of debt.
The potash divestment, which was announced on 30 January 2009, was part of a larger transaction that included the Corumbá iron ore mine in Brazil and the associated river logistics operations in Paraguay. The Corumbá transaction will complete when appropriate consents are received, and completion is expected in the second half of 2009. The total consideration for the Corumbá assets is US$750 million.
In December 2008, Rio Tinto announced a detailed package of measures in response to the rapidity and severity of the global economic downturn. One aspect of those measures included expanding the scope of the Group’s existing asset divestment programme.
During 2008, Rio Tinto realised almost US$3 billion from asset sales, comprising the Greens Creek mine in Alaska for US$750 million, its interest in the Cortez operation in Nevada for US$1.695 billion and the Kintyre uranium project in Western Australia for US$495 million. In January 2009, the Group announced the divestment of its interest in the Ningxia aluminum smelter in China for US$125 million.
About Potasio Rio Colorado
Potasio Rio Colorado – Argentina’s first potash project – is a tier 1 asset located in the Malargüe department in the province of Mendoza. The project is in the feasibility stage and if fully developed will allow Argentina to become one of the world’s major producers of potash, an essential crop nutrient. The life of the mine is projected to last more than 50 years.
About Regina Potash
Regina Potash is a large 1,200km2 property east of the Belle Plaine mine in Saskatchewan, Canada. The project is currently at early evaluation stage and is located close to existing infrastructure.


http://www.aspectfinancial.com.au/docserver/00924885.pdf?fil…

[mrbk1234]

Brazil Stocks Rise on Speculation of Improved Commodity Demand

By Alexander Ragir

Feb. 5 (Bloomberg) -- Brazilian stocks rose for a third day, pushing the Bovespa Index toward its highest level in a month, as the country’s biggest material producers advanced on speculation demand may rebound.

Cia. Vale do Rio Doce, the world’s largest iron-ore producer, climbed to the highest price in four months as the Baltic Dry Index, a measure of shipping cost, surged on rising ore demand. Usinas Siderurgicas de Minas Gerais SA increased for a third day, leading a rally for steelmakers.

The Baltic Index is “a good indication that stuff is starting to move again,” said Greg Lesko, who helps manages $750 million at Deltec Asset Management in New York. “There’s the expectation of better commodity demand driven by China.”

The Bovespa gained 1,039.24, or 2.6 percent, to 41,168.28 at 12:22 p.m. New York time. A close at the level would be the highest since Jan. 9. Chile’s Ipsa rose 1.3 percent. Mexico’s Bolsa added 0.3 percent. The MSCI Emerging Markets Index increased 0.3 percent.

Vale rose for a third day, gaining 3.8 percent to 31.20 reais. BHP Billiton Ltd. Chief Executive Officer Marius Kloppers said yesterday that stockpiles of the raw material used to make steel have been trimmed in China and customers are returning to the market, pushing cash prices higher.

“There’s a recovery in ore shipments, with volumes rising again,” said Pedro Galdi, analyst at SLW Corretora in Sao Paulo. “Comments from BHP Billiton’s chief executive also help, signaling that ore-price negotiations will lead to less damaging adjustments.”

MMX Mineracao e Metalicos SA, the iron ore company ran by billionaire Eike Batista, gained 1.9 percent to 4.25 reais.

Baltic Index

The Baltic Dry Index tracking transport costs on international trade routes rose 14 percent to 1,498 points for the longest winning streak since May 2007. The index advanced 15 percent yesterday, the most since at least 1985.

Usiminas gained 2.7 percent to 30.59 reais. The Brazilian Steel Institute is pressing the government to give preference to locally made steel for use in ships to be built for state- controlled Petroleo Brasileiro SA, O Globo reported, citing institute Vice President Marco Polo de Mello Lopes.

Rossi Residencial SA dropped 2.8 percent to 3.88 reais, extending yesterday plunge of 17 percent. Sales for homes under contract fell to 275.7 million reais ($119.1 million) in the quarter. The sales were 21 percent less than the estimate of Itau Corretora, which cut the shares to “sector perform” from “outperform.”

The Bovespa has climbed 8.8 percent this year on speculation government efforts to support growth and falling interest rates will help the economy expand and increase demand for equity.

The gauge tumbled 41 percent in 2008 as credit losses and writedowns topped $1 trillion in the worst financial crisis since the Great Depression and the U.S., Japan and Europe fell into the first simultaneous recessions since World War II.

[mrbk1234]

Brazilian Stocks Advance on Banks, Commodities; Bolsa Rises
Email | Print | A A A

By Paulo Winterstein and Alexander Ragir

Feb. 6 (Bloomberg) -- Brazilian stocks rose, capping its biggest weekly gain in a month, on optimism government measures worldwide will ease the financial crisis and bolster demand for the nation’s commodity exports.

Banco Itau Holding Financeira SA and Uniao de Bancos Brasileiros SA rose more than 7 percent after Banco do Brasil SA announced it was in takeover talks with smaller rival Banestes SA - Banco do Estado do Espirito Santo. Cia. Vale do Rio Doce, the world’s biggest iron-ore producer, gained for a fourth day after Goldman Sachs Group Inc. boosted the share forecast on an “improved” iron-ore outlook.

“There’s better numbers coming out of China, the expectation that metal demand will rise, at the same time Vale and other mining companies are negotiating prices,” William Landers, who oversees $3 billion in Latin American equities at BlackRock Inc. in Plainsboro, New Jersey, told Bloomberg Television. “The sentiment has improved a bit, despite there still being great uncertainties for the world economy in 2009.”

The Bovespa gained for a fourth day, rising 4 percent to 42,755.50. The index has climbed 8.8 percent this week. Mexico’s Bolsa rose 2.8 percent and Chile’s Ipsa gained 1.9 percent. The MSCI Emerging Markets Index jumped 4.2 percent.

Banco do Brasil rose 1.3 percent to 14.58 reais. Banestes voting shares jumped 18 percent to 9.40 reais. Banestes earlier surged as much as 36 percent, the biggest intraday gain since July 2007.

‘Highly Profitable’

Banestes is Brazil’s 23rd-biggest bank, according to Deutsche Bank AG’s Mario Pierry. The lender is “highly profitable” and Banco do Brasil may not be done with acquisitions, he said.

Itau rose 7.1 percent to 26.15 reais and Unibanco, which Itau is acquiring to become the nation’s biggest bank, gained 7.8 percent to 14.80 reais.

Vale surged 3.6 percent to 32.48 reais.

Goldman Sachs raised its six-month price target for Vale’s American depositary receipts to $19 from $15 as a rebound in Brazilian iron-ore exports to China “is allaying investor fears,” said Sao Paulo-based metals and mining analyst Marcelo Aguiar in a note to clients today.

The Bloomberg Base Metals 3-Month Price Commodity Index gained 4.9 percent to 119.10.

Gross domestic product in China, the biggest consumer of steel and iron-ore, probably will expand at an annual rate of 12 percent in the current quarter after shrinking by 2.3 percent in the fourth quarter, Deutsche forecast today in a report.

Bank Plan

A U.S. Treasury official yesterday said Secretary Timothy Geithner will make a speech on Feb. 9 and President Barack Obama will hold a news conference that will address a stimulus package.

The plan is likely to emphasize guarantees of toxic assets over proposals to create a so-called aggregator bank that would remove them from balance sheets, according to people familiar with the plan.

The Bovespa has jumped 14 percent this year, the third-best performer among global benchmarks, on speculation government efforts to support growth and falling interest rates will help the economy expand and increase demand for equity.

The gauge tumbled 41 percent in 2008 as credit losses and writedowns topped $1 trillion in the worst financial crisis since the Great Depression and the U.S., Japan and Europe fell into the first simultaneous recessions since World War II.

Colombia’s IGBC Index rose 1.6 percent to 8,055.79, bringing its weekly advance to 3.4 percent. Ecopetrol SA, the country’s state-controlled oil producer, led gains after joining Korea National Oil Corp. to buy Petro-Tech Peruana SA of Peru for $900 million. Ecopetrol climbed 1.9 percent to 2,150 pesos, extending a gain this week to 5.4 percent.

Mexico’s benchmark rallied 2.7 percent at 3:28 p.m. New York time, poised for its biggest weekly gain since December. Grupo Mexico SAB, the country’s largest mining company, 7.1 percent to 9.79 pesos on speculation surging copper prices may bolster the outlook for earnings.

[mrbk1234]

[mrbk1234]

Warum dieser panikartiger Druck?

[jensdab]

Aus dem Trader's Daily:

Industriemetalle: Meine aktuelle Einschätzung
von Michael Vaupel

*** Nun werden auch im Rohstoff-Sektor „fleißig" Stellen gekürzt. Hier ein paar konkrete Beispiele:

- Alcoa vermeldet den Wegfall von 15.000 Arbeitsplätzen.

- BHP Billiton stoppt den Nickel-Abbau in einer australischen Mine (Ravensthorpe), kürzt 6.000 Stellen.

- Rio Tinto fährt die Investitionen in neue Bergbauprojekte massiv zurück, und zwar um 55,56% (von rund 9 auf ca. 4 Mrd. Dollar). Zudem werden 14.000 Stellen gestrichen.

- Vale (ehemals unter dem Namen „Companhia Vale do Rio Doce (CVRD)" bekannt) hat die Eisenerzförderung im vierten Quartal um 26% zurückgefahren.

- A propos Eisenerz: Das Handelsblatt vermeldet, dass in der brasilianischen Region Minais Gerais nur noch 4 von 20 Eisenerzminen aktiv sind.


*** Meine Bewertung:

Hier sehen wir wieder ein prozyklisches Verhalten. Die Bergbaukonzerne lassen sich von der derzeitigen Lage, nicht vom Ausblick, treiben:

Derzeit sind die Preise für Industriemetalle relativ niedrig. Entsprechend wird die Produktion zurückgefahren, die Investitionen in neue Minen drastisch gekürzt.


Weil dies aber „alle" (= viele der großen Bergbaukonzerne) so handhaben, wird eine Zeit kommen, in der die Nachfrage das verringerte Angebot wieder übertreffen wird.

Dann werden die Preise für Industriemetalle wieder steigen - und dann werden die Bergbaukonzerne wieder prozyklisch die Produktion erhöhen und auch die Investitionen in neue Minen wieder steigern.


*** Die Sache ist aber die: Das geht nicht von heute auf morgen. Die Produktion von Minen kann nicht innerhalb von ein paar Tagen gesteigert werden. Und die Exploration neuer Vorkommen kann Jahre dauern.


Genau das ist aber auch eine Chance für Rohstoff-Investoren: Denn die Zwischenphasen bieten recht klare Trends.


Konkret für die derzeitige Lage bedeutet dies: Die massiven Produktionskürzungen werden ab vielleicht 2010 dazu führen, dass die Nachfrage wieder über dem Angebot liegt und die Preise steigen. Wenn dann die Produktion erhöht wird, dauert dies einige Monate, bis sich das im Preis bemerkbar machen wird. Solche Entwicklungen werden vorweggenommen. Und deshalb könnte es ab der zweiten Jahreshälfte 2009 zu einem Anstieg bei den Preisen der Industriemetalle kommen.

Das könnte scheinbar paradoxerweise mit schwachen Konjunkturmeldungen zusammentreffen.


Grund wären aber die jetzt eingeleiteten massiven Kürzungen bei Produktion und Exploration.

Mein Fazit: Die Kürzungen der Minen führen mich zu der Ansicht, dass Industriemetalle schon ab der zweiten Jahreshälfte wieder interessant (steigende Preise) werden könnten.


Mit herzlichem Gruß!

Ihr


Michael Vaupel


14.02.2009 00:31
Webcast Alert: Vale Announces 4th Quarter 2008 Results Webcast on February 20

http://www.finanznachrichten.de/nachrichten-2009-02/13113015…" target="_blank" rel="nofollow ugc noopener">http://www.finanznachrichten.de/nachrichten-2009-02/13113015…

[mickefett]

Antwort auf Beitrag Nr.: 36.584.431 von jensdab am 16.02.09 03:34:51

Performance of Vale in 2008

STRENGTH AND FLEXIBILITY



Rio de Janeiro, February 19, 2009 - Companhia Vale do Rio Doce (Vale) reports a strong operational and financial performance in 2008, highlighted by several production, sales and financial records.



Eight production records - nickel, bauxite, alumina, copper, coal, cobalt, platinum group metals and precious metals - were achieved while eight products registered all-time high volumes of shipments - iron ore (264.0 million metric tons), nickel (276,000 metric tons), copper (320,000 metric tons), alumina (4.2 million metric tons), cobalt (3,087 metric tons), precious metals (2.4 million troy ounces), platinum group metals (411,000 troy ounces) and coal (4.1 million metric tons). The excellence in financial performance was reflected in the achievement of record revenues, operational profit, net earnings, cash generation, dividend distribution, and investment supported by a very strong balance sheet.



In spite of the large downward volatility in mining equity prices during the second half of 2008, Vale preserved the global leadership in shareholder value creation amongst big diversified mining companies, with a total shareholder return of 23.1% per year over the last five years.



Problems with the global financial system have accelerated sharply since September 2008, precipitating a dramatic change in the pace of macroeconomic activity around the world. The ensuing heightened levels of uncertainty and retrenchment in the demand for minerals and metals resulted in a more moderate operational and financial performance in the last quarter of 2008.



Vale has been very proactive in responding to the deterioration of the economic environment. Production cutbacks involving primarily the shutdown of higher-cost operational units and the implementation of new strategic priorities are the main components of our fast reaction to the global recession. Cost minimization, operational and financial flexibility and reconciliation of cash preservation with the pursuit of profitable growth options have assumed paramount importance to deal with the current scenario.



Given our endowment of world-class low-cost assets, financial strength and the rapid response to changing conditions, we firmly believe we are able to weather the down cycle and create value.



The main highlights of Vale's performance in 2008 were:



· Record gross revenue of US$ 38.5 billion, 16.3% more than the US$ 33.1 billion of 2007.

· Record operational profit, as measured by adjusted EBIT (earnings before interest and taxes) of US$ 15.7 billion, 19.0% higher than 2007.

· Operational margin, as measured by adjusted EBIT margin, of 41.9%, against 40.9% in 2007.

· Record cash generation, as measured by adjusted EBITDA (earnings before interest, taxes, depreciation and amortization): US$ 19.0 billion in 2008, compared to US$ 15.8 billion of 2007.

· Record net earnings of US$ 13.2 billion, equal to US$ 2.61 per share on a fully diluted basis, with an 11.9% increase over the 2007 figure of US$ 11.8 billion.

· Record dividend distribution in 2008 was US$ 2.85 billion, equal to US$ 0.56 per share, 52.0% above 2007.

· Record investment - excluding acquisitions - of US$ 10.2 billion against US$ 7.6 billion in 2007.

· Strong financial position, supported by large cash holdings of US$ 12.6 billion, availability of significant medium and long-term credit lines and a low-risk debt portfolio.



The net earnings figure for 2008 - US$ 13.218 billion -, as well as for 4Q08 - US$ 1.367 billion -, includes a non-cash extraordinary charge of US$ 950 million derived from the regular annual impairment review for goodwill.

[Popeye82]

Africa still in Brazilian mining major Vale’s sights - Mining Weekly, JOHANNESBURG - Mar 13, 2009
www.miningweekly.com/article/brazil-still-in-brazilian-minin…

"JOHANNESBURG (miningweekly.com) - Diversified mining giant Companhia Vale do Rio Doce (Vale) has reaffirmed its commitment to its investment programme, despite the global recession.

“What we seek first is to preserve the scope of our investment programme – this is the basic objective,” Vale CFO Fábio Barbosa emphasised at a press conference in Rio de Janeiro late last month.

“We seek to achieve this at the lowest possible cost. We are working to lessen the costs of the investments we intend to make. Less cost, not scope, not scale of investment, not projects. This is our idea, this is our objective. We are seeking to reduce the cost of implementing the same investment programme.”

Few mining companies have ridden the global commodities boom of recent years as well as Vale, which has risen from being the world’s sixth-largest mining company in 2001 to being the second- largest today. And few are as well positioned to not only ride out, but take advantage of, the current global economic storm, which has brought affliction on so many other miners.

In its report on its financial and operational performance for 2008, Vale noted that the global industrial slump which appeared in the last quarter of that year meant that “as providers of raw materials for manufacturing and construction activities, mining companies have been facing unprecedented weak demand conditions”.

Vale believes that the current crisis “has a transformational nature” as it will probably restructure the global financial sector, resulting in consolidation, lower risk tolerance, tighter regulation, and the creation of new institutions.

This transformation of the world’s financial industry will, in turn, cause permanent changes in other sectors, including mining. The near-term consequence is the postponement or cancellation of mining projects by many companies. Even after the financial markets have returned to normal, the company expects “liquidity to be much scarcer than it had been until last year, making cost of capital higher and access to capital more limited”.

Vale, of course, has not been unaffected by the crisis, but affirms that it “has been very proactive” in the face of the deepening recession.

“Production cutbacks involving primarily the shutdown of higher-cost operational units and the implementation of new strategic priorities are the main components of our fast reaction to the global recession. Cost minimisation, operational and financial flexibility and reconciliation of cash preservation with the pursuit of profitable growth options have assumed paramount importance to deal with the current scenario.”

In December, the company cut 1 300 jobs, most of them in Brazil, and last week it announced another 900 dismissals, all in its Canada-based, predominantly nickel- producing, subsidiary Vale Inco.

“The fall in nickel prices and the reduction in the demand for the metal made clear that to continue to operate in the way we have been operating is simply not sustainable,” explained Vale Inco CEO Tito Martins in a communiqué. On the other hand, Vale created some 5 500 new jobs during 2008, and its workforce in Brazil totals about 38 000, while Vale Inco employs around 14 000.

In January, Vale had to announce that its CSV steel joint-venture project with China’s Baosteel had been cancelled and CSV liquidated, owing to the global economic crisis. The company has also tackled administrative costs and is adjusting its corporate structure, as well as taking the opportunity to renegotiate service and supplier contracts.

Nevertheless, “Vale is best positioned to thrive in such an environment”.

“It is important to realise that despite the depth of the recession, it is a cyclical phenomenon. Recovery will follow the contractionary cycle and the long-term outlook for minerals and metals remains very promising.”

The company points out that, while the global downturn is severe, it is not going to derail the long-term economic development of the emerging market economies, nor disrupt the structural changes of recent years that are responsible for the fast growth in demand for metals and minerals.

Speaking last week at the opening of the company’s new $1,35-billion Sohar pelletising plant in Oman, CEO Roger Agnelli highlighted that “everything concerning Vale is long term” and that patience and “financial muscle” were needed to get through the crisis. He also expressed the view that the market will have changed completely in two years.


CASH, CREDIT, COMMODITIES

Vale does indeed have financial muscle. “We had, at the end of December, $12,6-billion in the bank, and we also have available long-term credit lines of about $10-billion, to finance our growth options,” reported Barbosa.

The company has a low-risk debt portfolio. On December 31, 2008, the company’s total debt was $18,245-billion, with an average maturity of 9,28 years and an average cost of 5,8%. This year Vale’s debt amortisation will be $322-million.

“This debt profile and these credit lines permit Vale to really explore growth opportunities, particularly organic growth, keeping in sight our positive view of the industry in the long term,” he stated.

The company is clearly still on the hunt for acquisitions. In January, it bought iron-ore and potash assets off debt-crippled mining major Rio Tinto for $1,6-billion. For $750-million, Vale acquired from Rio the Corumbá iron-ore mine in Brazil, which produced two-million tons of ore last year, and at the end of 2007 had proven and probable reserves of 210- million tons, with a content of 67% iron, as well as mineral resources of 583-million tons, at 62,7% iron content. Little wonder that the Brazilian company described Corumbá as “a world-class asset”.

For another $850-million, Vale also got Rio’s Rio Colorado and Regina potash projects (for the importance of potash, see Mining Weekly January 23, 2009). The Rio Colorado project is in Argentina, straddling the provinces of Mendoza and Neuquén, while the Regina project is in the province of Saskatchewan in Canada. Vale already operates a potash mine, Taquari-Vasouras, in the state of Sergipe, in Brazil, and has two other potash projects (one each in Brazil and Argentina) under feasibility study.

Iron-ore now accounts for less than half of Vale’s gross revenues – 46,2% last year – although the ferrous metals category (iron-ore, pellets, manganese ore, and ferroalloys) provided 61,5% of gross revenues. Nonferrous minerals provided 31,9%, coal 1,5%, logistics services (railways, ports and shipping) 4,2%, and ‘others’ (which include energy generation) 0,9%. But in 2007, ferrous metals accounted for only 46,9% of gross revenues, while nonferrous minerals were reponsible for 47,5% – the sharp drop in the proportion of nonferrous minerals is mainly due to the severe fall in the nickel price (42,1% on average) in 2008, as compared with 2007.

In addition to these ferrous metals, Vale produces nickel, cobalt, copper, kaolin, potash, platinum-group metals (PGMs), precious metals, cobalt, bauxite, alumina, aluminium and coal. With its $479-million Bayóvar project in Peru, which is scheduled to come into operation during the second half of next year, the company is moving into the production of phosphates. Bayóvar will have an estimated annual production capacity of 3,9-million tons.

The company set eight production records last year, for nickel, bauxite, alumina, copper, coal, cobalt, PGMs, and precious metals. However, PGMs accounted for only 1% of Vale’s gross revenues, and precious metals for a mere 0,3%. Eight products also achieved record shipment volumes in 2008 – iron-ore (264-million tons), alumina (4,2-million tons), coal (4,1-million tons), copper (320 000 t), nickel (276 000 t), cobalt (3 087 t), precious metals (2,4-million troy ounces), and PGMs (411 000 troy ounces).

Gross revenues for last year were a record $38,5-billion, up 16,3% on 2007, net earnings were also a record, at $13,2-billion, and investments by the company – excluding acquisitions – were again a record, at $10,2-billion. Cash generation, measured by adjusted earnings before interest, tax, depreciation and amortisation, was also a record at $19-billion, as was the operational profit, as measured by adjusted earnings before interest and tax, at $15,7-billion.


AFRICA

The company is, in Barbosa’s words, “permanently evaluating nickel, copper, iron-ore” and other projects, while “fertilisers, [potash and phosphates], are a very important area for us”.

And then there is coal. “Coal is part of our strategic focus,” he affirmed. In December, Vale bought the coal and coal logistics assets of Colombian cement, concrete as well as aggregates group Cementos Argos for $300-million. These include the El Hatillo openpit mine, which produced some 1,8-million tons of thermal coal last year, ramping up to full production capacity of 4,5-million tons by 2011, and the Cerro Largo exploration project, both in Colombia. Vale already has coal operations in Australia, a coal joint venture in China, and is exploring for coal (and copper) in Mongolia.

But the company’s biggest coal project to date is in Africa – in Mozambique.

“The coal market is a very important market for us, not only thermal coal, as in the case of the Colombian acquisition, but also metallurgical [coal],” highlighted Barbosa.

“We have one of the big development projects in Africa, namely the Moatize project, which is also of great economic and social importance, because we are, in practice, transforming the socio- economic environment in that region through our involvement, through the development of our project.”

Moatize will have the capacity to produce 40-million tons a year, which will be shipped 600 km by rail to the Port of Beira. With reserves of around 2,5-billion tons, Moatize is expected to have a life of some 25 years.

Vale has a direct presence in five African countries, ranging from small offices to the major Moatize project. Apart from Mozambique these countries are Angola, the Democratic Republic of Congo (DRC), Mozambique and South Africa. Referring to the DRC, Barbosa made a point of saying that “it mustn’t be forgotten that we have also acquired a small asset there in the Congo, but with great growth potential over the years”.

But a recent acquisition has also given Vale an indirect presence in the DRC and Mozambique, and in Namibia and Zambia as well. In mid-December it was announced that South African mining group African Rainbow Minerals was to acquire the minority shares in its Yukon-domiciled subsidiary, Teal Exploration & Mining (Teal), in Canada, and then sell half of Teal to Vale. The transaction was overwhelmingly approved by Teal shareholders in mid-February and then approved by the Supreme Court of the Yukon Territory. The deal has cost Vale Can$81-million.

As its name indicates, Teal is a minerals exploration and development company. It is active in the DRC, Mozambique, Namibia and Zambia. It has four main projects, the Konkola North and Mwambashi copper projects in Zambia, the Kalumines (also referred to as the Lupoto) copper/cobalt project in southern DRC, and the Otjikoto gold project in Namibia. It is also evaluating copper and cobalt prospects at Kalumines and on the Zambian Copperbelt, and gold prospects around Otjikoto. Exploration is under way in all four of these Southern African countries.

At Kalumines/Lupoto, constantly reviewed small-scale mining is taking place, and there is a sorting/screening plant, and a copper ore stockpile. This year will see a feasibility study into an operation with a capacity of 40 000 t/y of copper. At Konkola North, the feasibility study, for a 30 000-t/y copper mine, is being revised, and a decision should be taken soon. Regarding Mwambashi, the feasibility study for a 12 000-t/y copper openpit has been completed and a feasibility study for a 15 000-t/y copper underground mine is being done. Teal expects to reach an annual copper production of 65 000 t by 2012. (Vale’s total copper production for 2008 was 320 000 t, a 6,7% increase over the figure for 2007.)

Concerning Otjikoto, resource expansion drilling is being done; so far, there is a gold resource of 1,93-million ounces, including 1,05-million ounces of indicated mineral resources.

Vale’s priorities are indicated in its press release on the deal, which was headed “Vale is to acquire exploration shares in the African Copperbelt” and which stated that the transaction “increased Vale’s strategic growth options in the African copper business”.

The company further stated that “investments in copper are an important part of Vale’s growth strategy”, pointing out that it already operates the Sossego copper mine in Brazil, produces copper in Canada as a by-product of nickel mining, is developing two copper projects (one each in Brazil and Chile), and is exploring for the metal in South America, Africa and Asia.

The company hopes to achieve a global annual copper production capacity of a million tons within the next five to seven years. “This new joint venture expands our copper growth platform and contributes to the diversification of our asset portfolio, increasing our geographic diversification into a region with the greatest mineral exploration potential in the world, the African Copperbelt.” "

[mickefett]

Kupferpreise ziehen an, Kupferaktien ebenfalls
Leser des Artikels: 191

Um über 30 Prozent haben sich die Kupferpreise in den letzten drei Monaten von ihren Tiefs entfernt. Die Kurse der Kupferproduzenten haben sich im Schnitt sogar mehr als verdoppelt.

Im Durchschnitt um mehr als 100 Prozent sind die Aktienkurse der auf die Produktion von Kupfer spezialisierten Minenunternehmen in den vergangenen drei Monaten gestiegen. Auslöser für diese Erholung scheint die Hoffnung zu sein, dass sich die Talfahrt der Weltwirtschaft langsam dem Ende zuneigen könnte. Auch die Nachricht, dass China 2009 womöglich noch einmal 900.000 Tonnen Kupfer einkaufen könnte (das Dreifache der bisher erworbenen Menge), wird in diese Richtung interpretiert. Denn viele Investoren sehen in den Preisen eines der führenden Industriemetalle einen Indikator für den Zustand der Weltwirtschaft.

Seit den Tiefständen im Dezember 2008 haben sich die Preise nun wieder auf ein Niveau erholt, auf dem – das besagen Branchenuntersuchungen – 90 Prozent der Kupferunternehmen weltweit Gewinne machen.

Unter den größeren auf Kupfer spezialisierten Aktien hat First Quantum (ISINCA3359341052) den Aufschwung angeführt. Eigentlich kein Wunder, da das Minenunternehmen auch seine Goldproduktion schnell steigern konnte. Und Gold-, dicht gefolgt von Silberaktien sind die Papiere im Rohstoffsektor, die sich in den letzten Monaten am besten entwickelt haben. Auf Platz drei eben von Kupferaktien gefolgt.

Kleinere Kupferunternehmen jedoch, die sich in der Explorations- und Entwicklungsphase befinden, stehen weiterhin unter Druck durch die Herausforderung, sich ausreichend mit Liquidität zu versorgen.

GOLDINVEST.de bietet Hintergrundberichte und aktuelle Kommentare zum Geschehen an den Rohstoffmärkten und verfolgt die Entwicklung ausgewählter Minengesellschaften aus dem Bereich der Edelmetalle, Basismetalle und sonstiger Rohstoffe. Weitere Informationen unter: www.goldinvest.de


Autor: Sven Olsson

[jensdab]

Companhia Vale do Rio Doce arbeitet an Senkung der Projektkosten

Wie das Unternehmen mitteilte, arbeitet man derzeit an der Senkung der Projektkosten seiner Schlüsselprojekte. Des weiteren rechne man in den kommenden Monaten mit dem Produktionsbeginn von zwei neuen Nickelminen.

Vale hoffe, die Kosten für das Goro Projekt in Neu-Kaledonien senken zu können; die Produktion soll hier im zweiten Quartal beginnen. Auch für das Onca Puma Projekt in Brasilien, das die Produktion im dritten Quartal aufnehmen soll, wird ein Konzept zur Kosteneinsparung erarbeitet. Für Goro wurden 3,2 Mrd. $ budgetiert, für Onca Puma 2,3 Mrd. $. Vale geht davon aus, dass sich der jeweilige Produktionsbeginn abhängig von den Marktbedingungen verschieben könnte.

Das Goro Projekt soll pro Jahr 60.000 t Nickel produzieren. Onca Pumas zweite Produktionsanlage soll ab Januar produzieren. Der Gesamtausstoß des Projekts liegt dann bei 52.000 t Nickel pro Jahr.

Vale entwickelt außerdem das Vermelho Nickelprojekt in Brasilien, das ursprünglich 2012 mit der Produktion beginnen sollte. Das Projekt wurde jedoch gestoppt und wird derzeit neu bewertet und geprüft.

http://www.minenportal.de/artikel.php?sid=5945#Companhia-Val…" target="_blank" rel="nofollow ugc noopener">http://www.minenportal.de/artikel.php?sid=5945#Companhia-Val…


Es gibt bald eine Dividende (halbjährliche Ausschüttung)
:

Vale pays semi-annual remuneration on its Shareholder Debentures

Rio de Janeiro, March 24, 2009 - Companhia Vale do Rio Doce (Vale) informs that it will pay a remuneration on its shareholder debentures (debentures) of R$ 0.020278492 per debenture, amounting to a total of R$ 7,879,391.70, to debenture holders with position on March 31, 2009.

Income tax will be charged on the amount to be paid to debenture holders, as fixed-income investments, applying the rate in relation to the individual situation of the beneficiary, with the exception of those who can provide legal, unequivocal, proof that they are exempt. This payment is subject to withholding income taxes, with the exception of those institutional investors who have proved exemption from income tax.

The funds will be paid on April 1st, 2009 at CETIP - Balcão Organizado de Ativos e Derivativos for investors holding debentures registered on the SND - Sistema Nacional de Debêntures (National Debenture System), and at Banco Bradesco S.A. for those investors whose debentures are not linked to the SND.

http://www.hugingroup.com/pr.asp?pr_id=78922&folder=200903&s…" target="_blank" rel="nofollow ugc noopener">http://www.hugingroup.com/pr.asp?pr_id=78922&folder=200903&s…

[jensdab]

Vor der Dividendenzahlung sollte es Richtung sollte die 15 $ erreicht werden, Bollinger linie wurde schon mal berührt.

[mickefett]

Vale concludes the acquisition of exploration assets in the African copperbelt

Rio de Janeiro, March 24, 2009 - Companhia Vale do Rio Doce (Vale) announces that it has successfully completed the previously announced transaction which creates a 50:50 joint venture between Vale and African Rainbow Minerals Limited (ARM) for the future development and operation of the assets of TEAL Exploration & Mining Incorporated (TEAL), enhancing Vale's strategic growth options in the copper business in Africa.

The transaction involved a series of steps, through which Vale has acquired a 50% interest in TEAL's subsidiaries for CAD$ 81 million, and TEAL has been taken private by ARM at a price of CAD$3.00 in cash per TEAL share. As a result of this transaction, TEAL's assets will be directly or indirectly owned by a newly-created joint venture company owned by Vale and ARM (50:50).

TEAL's trading on the Johannesburg Stock Exchange (JSE) was suspended at the opening of trading today and its common shares will be delisted from the JSE on April 3, 2009. An application to delist TEAL's common shares has been filed with the Toronto Stock Exchange (TSX) and the delisting is expected to be effective shortly. An application is expected to be filed shortly to allow TEAL to cease to be a reporting issuer under applicable Canadian securities laws.

We expect this new joint venture to add significant value to our shareholders over the medium to long term, since it enhances our global copper growth platform and contributes to the diversification of our asset portfolio, providing simultaneously geographic diversification into a region with the highest potential for mineral exploration in the world, the African copperbelt.

[mickefett]

Vale pays semi-annual remuneration on its Shareholder Debentures

Rio de Janeiro, March 24, 2009 - Companhia Vale do Rio Doce (Vale) informs that it will pay a remuneration on its shareholder debentures (debentures) of R$ 0.020278492 per debenture, amounting to a total of R$ 7,879,391.70, to debenture holders with position on March 31, 2009.

Income tax will be charged on the amount to be paid to debenture holders, as fixed-income investments, applying the rate in relation to the individual situation of the beneficiary, with the exception of those who can provide legal, unequivocal, proof that they are exempt. This payment is subject to withholding income taxes, with the exception of those institutional investors who have proved exemption from income tax.

The funds will be paid on April 1st, 2009 at CETIP - Balcão Organizado de Ativos e Derivativos for investors holding debentures registered on the SND - Sistema Nacional de Debêntures (National Debenture System), and at Banco Bradesco S.A. for those investors whose debentures are not linked to the SND.

[mickefett]

Vale concludes the acquisition of Colombian coal assets

Rio de Janeiro, April 1, 2009 - Companhia Vale do Rio Doce (Vale) announces that it concluded the acquisition of the export thermal coal assets of Cementos Argos S.A. (Argos) in Colombia for US$ 305.8 million.

The assets acquired are: (a) El Hatillo coal mine, under ramp up and with nominal capacity of 4.5 million metric tons per year, located in the Cesar department; (b) Cerro Largo, a coal deposit under exploration; (c) a minority stake in the Fenoco consortium that owns the concession and operation of the railroad linking the coal operations to the SPRC port; and (d) 100% of the concession of the Rio Cordoba - SPRC port in the Caribbean coast of the Magdalena Department.

Since Colombia is the world's third largest exporter of high-quality thermal coal, given its low level of sulfur and high calorific value, Vale is seeking to build a coal asset platform in the country to enhance our growth options in the coal business.

Investment in the coal business is an important part of Vale's growth strategy. We have coal operations in Australia, in the regions of Hunter Valley and Bowen Basin, and two joint ventures in China, which own a coal mine and a coke plant. Vale is developing Moatize, a large coal project in Mozambique, and has other coal projects in more preliminary stage of development in Australia and Mongolia.

[Frank888]

Antwort auf Beitrag Nr.: 36.839.840 von jensdab am 25.03.09 04:36:04

wann ist Ex-Tag, wieviel gibt es?

[mickefett]

Antwort auf Beitrag Nr.: 36.925.045 von Frank888 am 06.04.09 10:46:38

In 2009 werden insgesamt ca. US$ 0,48 in zwei Raten zum 30.4. und 30.10. ausgezahlt, wie aus der nachfolgenden Pressemitteilung vom Januar 2009 hervorgeht.


Vale announces proposal for 2009 minimum dividend: US$ 2.5 billion

Rio de Janeiro, January 22, 2009 - Companhia Vale do Rio Doce (Vale) announces that its senior management has approved and will submit to the Board of Directors a proposal for the distribution of a minimum dividend of US$ 2.5 billion in 2009. The dividend per share will be US$ 0.479523218, for both common and preferred shares. The payment will be made in two installments, on April 30 and October 30, 2009.

The Board of Directors will evaluate the proposal submitted by senior management, regarding each installment, in the meetings scheduled for April 15 and October 15, 2009.

Payments will be made in Brazilian reais, calculated on the basis of the Brazilian real/US dollar exchange rate (Ptax–Option 5) published by the Central Bank of Brazil on the business day prior to the Board of Directors meeting that approves the minimum dividend proposal.

The minimum dividend proposed for 2009, US$ 2.5 billion, is equal to the minimum dividend announced in 2008 and 24.5% higher than the average dividend paid in the last three years, 2006-2008. At the same time, it is consistent with Vale’s financial policy, which aims to provide a strong support to the exploitation of profitable growth opportunities alongside the preservation of a sound balance sheet, an important condition in light of the current global recessionary environment and the prevailing uncertainties.

[Frank888]

Antwort auf Beitrag Nr.: 36.925.516 von mickefett am 06.04.09 11:51:22

ja, danke für Info ...

[mickefett]

Vale announces the release date for 1Q09 results

Rio de Janeiro, April 6, 2009 - Companhia Vale do Rio Doce (Vale) will release its 1Q09 results on Wednesday, May 6, 2009 after market close. Vale will release simultaneously consolidated financial statements in US GAAP (generally accepted accounting principles in the United States) and BR GAAP (generally accepted accounting principles in Brazil).



Vale will host a conference call and webcast on Thursday, May 7, 11:00 a.m. Rio de Janeiro time, 10:00 a.m. Eastern Standard Time and 3:00 p.m. British Standard Time.

[mickefett]

Antwort auf Beitrag Nr.: 36.932.477 von mickefett am 07.04.09 12:05:13

Vale pays first tranche of the 2009 dividend

Rio de Janeiro, April 15, 2009 - Companhia Vale do Rio Doce (Vale) informs that its Board of Directors approved today the payment of the first installment of the 2009 dividend to shareholders amounting, R$ 2.735 billion (US$ 1.250 billion), equivalent to R$ 0.524586151 (US$ 0.239799850) per outstanding common or preferred class A share, to be made from April 30 onwards.

Vale´s Executive Board proposal for the dividend to be paid to its shareholders in 2009, publicly disclosed on January 22, 2009, established a minimum amount for the year of US$ 2.5 billion, equivalent to US$ 0.479523218 per outstanding common or preferred class A share, to be paid in two installments, on April 30 and October 30, 2009. The dividend was proposed in accordance with Vale´s dividend policy.

Form of payment

The first dividend installment will be paid according to the following terms:

1. Distribution of R$ 2,734,500,000.00 equivalent to R$ 0.524586151 per outstanding common or preferred class A share, in the form of dividends.

The values were obtained from the conversion of the US dollar amount into Brazilian reais using the exchange rate for the sale of US dollar (Ptax - option 5 code), as informed by the Central Bank of Brazil on April 14, 2009, of R$ 2.1876 per US dollar, as announced on January 22, 2009.

2. The payment will be made as from April 30, 2009.

3. The record date for Vale shares traded on the BM&F Bovespa is April 15, 2009. For Vale's American Depositary Receipts (ADRs) traded on the New York Stock Exchange -NYSE and Euronext Paris the record date will be April 20, 2009. All shareholders on these respective record dates will have the right to the dividend payment.

4. Vale shares will trade ex-dividend at BM&F Bovespa, NYSE and Euronext Paris in April 16, 2009.Vale pays first tranche of the 2009 dividend

[mickefett]

Vale adjusts nickel production to global demand

Rio de Janeiro, April 16, 2009 - Companhia Vale do Rio Doce (Vale) announces that it has taken further steps to adjust its nickel production to the evolution of global demand. In light of a global recessionary environment, Vale retains the option of managing production and project execution according to its assessment of market conditions.

Consistent with this guideline, we decided to slowdown the conclusion of the Onça Puma nickel project, state of Pará, Brazil, previously scheduled to come on stream in January 2010, with a nominal capacity of 58,000 metric tons of nickel in ferronickel. Given that an environmental permit is still pending, the start-up of Onça Puma will be postponed by at least one year.

Vale is shutting down for a period of eight weeks - from June 1 to July 27 - its nickel mining and processing facilities at Sudbury, province of Ontario, Canada. The shutdown will follow a previously planned normal maintenance period at the Sudbury plants during May. In addition, our processing facilities of precious metals - a by-product of nickel mining in Sudbury - at Port Colborne, Ontario, will also be shutdown from June 1 to July 27, 2009.

Sudbury is one of the largest nickel producing sites in the world and last year its mines provided the feed for the production of 85,300 metric tons of finished nickel, 31% of Vale's output.

[mickefett]

Vale sells its stake in Usiminas

Rio de Janeiro, April 16, 2009 - Companhia Vale do Rio Doce (Vale) informs that it concluded the sale of all its 14,869,368 common shares issued by Usinas Siderúrgicas de Minas Gerais S/A - Usiminas (Usiminas) and bound by the current shareholders agreement of Usiminas, corresponding to 5.89% of Usiminas common shares and 2.93% of its total capital, to a group of current Usiminas' shareholders (Camargo Corrêa, Mitsubishi Corporation, Nippon, and Votorantim). The price was R$ 40.00 per Usiminas common share and the transaction totaled R$ 594.7 million.



As a consequence, Vale no longer holds any participation in the Usiminas capital, and therefore is no longer part of the controlling group.

[mickefett]

Vale makes its long term iron ore commercial contracts conditions flexible

Rio de Janeiro, April 20, 2009 - Companhia Vale do Rio Doce (Vale) clarifies it is making its long term iron ore commercial contracts conditions flexible. Currently, Vale is receiving 80% of the sales in cash and 20% will be received at a latter date while 2009 benchmark price settlement is not concluded.

Provisory sales prices are equivalent to 80% of 2008 benchmark prices and they will be adjusted afterwards, according to 2009 benchmark price negotiation outcome.

[jensdab]

RIO im Vergleich zum Dow Jones - folgt ihm meistens besonders deutlich im kurzfristigen Charts:

Intraday:






3 Monate:


Seit Januar hat RIO die bessere Performance

6 Monate:




1 Jahr:

[mickefett]

Antwort auf Beitrag Nr.: 37.005.237 von mickefett am 20.04.09 21:09:11

Vale - 1Q09 Production Report

WEATHERING THE STORM

Rio de Janeiro, April 28, 2009 - Companhia Vale do Rio Doce (Vale) is managing its production in line with its assessment of market conditions prevailing in the short-term. In order to weather the severe global economic downturn, we have been focusing on operational flexibility simultaneously changing our priority to cost minimization from production maximization.

As a provider of raw materials for manufacturing and construction activities, Vale has been facing unprecedented weak demand conditions derived from the sharp decrease of global industrial production.

In the specific case of iron ore, as the only truly global supplier Vale had to implement a deeper cutback in production in response to the dramatic contraction of steel output in the Americas and Europe, sharper than in other regions of the world. For instance, steel production in Europe dropped in the first quarter of 2009 by 43.8% year-on-year, in North America by 52.1% and in Brazil by 42.1%, while in Asia the decrease was milder, 8.9%. The Americas and Europe represented 47.5% of our iron ore sales in 2008.

With a few exceptions, the output of most of our products has declined on a year-on-year basis as well as on a quarter-on-quarter basis.

[jensdab]

1Q profits for Brazil miner Vale drop 33 percent
Brazil mining giant Vale reports 1Q profit drop of 33 percent

http://finance.yahoo.com/news/1Q-profits-for-Brazil-miner-ap…

Sieht gut aus der Chart, bald wird die 200 Tages Linie überschritten.

[mickefett]

Antwort auf Beitrag Nr.: 37.114.680 von jensdab am 07.05.09 02:44:51

Performance of Vale in 1Q09
WEATHERING THE STORM

Rio de Janeiro, May 06, 2009 - Companhia Vale do Rio Doce (Vale) reports a solid financial performance in 1Q09 in face of the most severe global economic downturn in the post-World War period.

To weather the recessionary environment we have been focusing on financial and operational flexibility, seeking to maximizing efficiency, minimizing costs and contributing to rebalance the markets where we operate.

Our endowment of world-class, low-cost assets, financial strength and the rapid response to the dynamics of the recession, have enabled us to continue to generate value across the cycle.

The main highlights of Vale's performance in 1Q09 were:

. Gross revenue of US$ 5.4 billion, 27.2% less than the US$ 7.4 billion in 4Q08.

. Operational profit, as measured by adjusted EBIT (earnings before interest and taxes), of US$ 1.7 billion, 16.3% below 4Q08.

. Operational margin, as measured by adjusted EBIT margin, of 31.6%, against 27.7% in 4Q08.

. Cash generation, as measured by adjusted EBITDA (earnings before interest, taxes, depreciation and amortization), of US$ 2.3 billion in 1Q09, compared to US$ 2.7 billion in 4Q08.

. Net earnings of US$ 1.4 billion, equal to US$ 0.26 per share on a fully diluted basis, the same level as reached in 4Q08.

. Investment - excluding acquisitions - of US$ 1.7 billion against US$ 3.5 billion in the previous quarter.

. Dividend distribution of US$ 1.25 billion - US$ 0.24 per common or preferred share - paid on April 30, 2009, corresponding to the first installment of the minimum dividend for 2009.

. Strong financial position, supported by large cash holdings of US$ 12.2 billion, availability of significant medium and long-term credit lines and a low-risk debt portfolio.




Click here for press releases



Click here for the conference call/webcast's invitation.

[jensdab]

Heute wurde die Dividende in meinem Depot eingebucht. Nicht gerade üppig, aber ich glaube da kommt noch eine 2. Zahlung in diesem Jahr.

[jensdab]

Is VALE Now an Oil Company?

By: Claudio Freitas, CFA

Last week Petrobras (PBR) announced that the consortium formed by Repsol (REP - Operator - 40%), Petrobras (35%), Vale (VALE - 12.5%), and Woodside (12.5%), has confirmed the existence of hydrocarbons in the well known as Panoramix, located in shallow waters in the Santos Basin, 185 km off the coast of the state of São Paulo, Brazil.

The discovery was proved after new tests that were carried out in the reservoirs at depths around 4400 meters. The analysis of the results indicates a maximum theoretical supply capacity of 572,000 m3/d and 2,370 bpd.

Although this is just another discovery for Petrobras -- which is quite positive considering the continued new discovery announcements -- it is something quite new for Vale, which is a beginner in the oil exploration business. The market became excited about Vale just after the discovery was announced, however we believe there is no real reason for this excitement.

The oil exploration business is something new for Vale and, maybe, it will represent something worth considering in the medium-to-long term. This particular Panoramix field is interesting, but there is not enough information to be sure that it is really something important.

In the short-to-medium term, the business of Vale will remain metal commodities, particularly iron ore. Finally, first quarter results for Vale were not that exciting. We are keeping our Hold recommendation on Vale and our Buy recommendation on Petrobras.




http://seekingalpha.com/article/138199-is-vale-now-an-oil-co…




Gafisa SA and B2W Cia. Global do Varejo led gains for homebuilders and retailers after economists estimated gross domestic product may shrink more than forecast. Cia. Vale do Rio Doce, the world’s biggest iron-ore producer, gained 1.3 percent after rival Rio Tinto Group said China may be stockpiling steel on speculation government spending will drive demand. Cosan SA Industria & Comercio added more than 3 percent on speculation sugar producers in India may resume imports.

http://www.bloomberg.com/apps/news?pid=20601084&sid=aDavFf.J…

[mickefett]

Performance of Vale in 2Q09


RIDING OUT THE TRANSITION SMOOTHLY

Performance of Vale in 2Q09

Rio de Janeiro, July 29, 2009 - Vale S.A. (Vale) announces its 2Q09 results, which reflect the transition to a new phase in which the reaction to the global financial crisis is starting to bear fruit, leading to a gradual lessening in risk aversion, declining costs and to the beginning of a recovery in demand and prices of minerals and metals.

In this dynamic environment, the weakening of the US dollar - one the consequences of the increase in risk tolerance - neutralized in this quarter the effect of our initiatives to cut costs. However, we remain relentless in our campaign to promote a permanent downward shift in our cost structure. In spite of the good performance of iron ore shipments to China, a new quarterly record, it was too soon for the recovery in other regions of the world to be felt in our sales. In addition, the 2Q09 results were hurt by the lagged effect of iron ore negotiated prices. On the other hand, the performance of our non-ferrous minerals businesses is already starting to capture some of the benefits of the ongoing recovery of market fundamentals.

We are working to emerge from the current global downturn stronger than before. Given our endowment of world-class, low-cost assets and financial strength we expect to show an improving operational and financial performance in the near future and to continue to create shareholder value across the cycles.

The main highlights of Vale's performance in 2Q09 were:

. Operating revenue of US$ 5.1 billion, 6.2% less than the US$ 5.4 billion in 1Q09.

. Shipments of iron ore and pellets increased by 3.3% on a quarter-on-quarter basis.

. Shipments of nickel increased by 16.8% on a quarter-on-quarter basis.

. Operational profit, as measured by adjusted EBIT(a) (earnings before interest and taxes), of US$ 976 million, 42.1% below 1Q09.

. Operational margin, as measured by adjusted EBIT margin, of 19.7%, against 31.6% in 1Q09.

. Cash generation, as measured by adjusted EBITDA(b) (earnings before interest, taxes, depreciation and amortization), decreased to US$ 1.7 billion in 2Q09 from US$ 2.3 billion in 1Q09.

. Net earnings of US$ 790 million, equal to US$ 0.15 per share on a fully diluted basis, against US$ 1.363 billion in 1Q09.

. Investment - excluding acquisitions - of US$ 2.1 billion, against US$ 1.7 billion in the previous quarter.

[jensdab]

CVRD zahlt Dividende 0,194 €



DIVIDEND INFORMATION - 19.10.2009 - 2


FOLGENDE WERTPAPIERE WERDEN AM 19.10.2009 EX DIVIDENDE GEHANDELT.
THE EX-DIVIDEND DAY OF THE FOLLOWING SHARES WILL BE 19.10.2009.

INSTR ISIN INSTRUMENT NAME DIVIDEND AMOUNT

CVLA BRVALEACNPA3 VALE S.A. PFD A 0.194 EUR

[jensdab]

Schöner Aufwärtstrend!

[mickefett]

Vale signs export facility agreement

Rio de Janeiro, November 30, 2009 - Vale S.A. (Vale) informs that it has signed a US$ 300 million export facility agreement, through its subsidiary PT International Nickel Indonesia Tbk (PTI), with Japanese financial institutions using credit insurance provided by Nippon Export and Investment Insurance (NEXI).

The proceeds will be used to finance the construction of the Karebbe hydroelectric power plant on the Larona river, island of Sulawesi, Indonesia. Karebbe will be the third hydropower plant to supply our Indonesian operations, the largest lateritic nickel operations in the world. Total investment is estimated at US$ 410 million and the plant is scheduled to come on stream in the first half of 2011.

The project is part of the efforts to produce permanent downward shifts in our cost structure, as it will replace high-cost thermal power generation in an energy intensive operation.

Karebbe is one of the projects contemplated by the agreement signed with NEXI in 2008, to provide loan insurance of US$ 2 billion for the financing of mining, logistics and power generation projects to be developed under Vale's investment program.

[mickefett]

Antwort auf Beitrag Nr.: 38.484.071 von mickefett am 01.12.09 09:57:36

Performance of Vale in 1Q10

MOVING AHEAD

Rio de Janeiro, May 5, 2010 - Vale S.A. (Vale) is reporting a solid performance in the first quarter of 2010 (1Q10). This reflects primarily our efforts to minimize costs and the strong recovery of the global demand for minerals and metals.

As a consequence of the structural changes in the global iron ore market, we have reached agreements, permanent or provisional, with all our iron ore clients around the globe to move existing contracts to index based prices. The implementation of the new pricing system will begin to be reflected in our financial performance in 2Q10.

Our growth strategy encompasses a multilane road to sustainable value creation, entailing the development of a large and exciting pipeline of projects, strategic acquisitions of world-class assets and portfolio asset management, which is a very important option to optimize capital allocation and focus management attention.

We have taken a pro-active stance towards the optimization of our asset portfolio, entering into transactions involving mainly our aluminum assets, the acquisition of world-class Brazilian fertilizer assets, which gives Vale a strong regional operating base in one of the leading consumers in the globe, and Simandou, in West Africa, one of the best undeveloped iron ore deposits in the world, combining high quality with large scale. The availability of Carajás and Simandou allows us to have by far the best and the largest growth potential in the global iron ore industry.


The main highlights of Vale's performance in 1Q10 were:

* Operating revenue of US$ 6.8 billion in 1Q10, 4.7% more than the US$ 6.5 billion in 4Q09.
Operational income, as measured by adjusted EBIT(a) (earnings before interest and taxes), of US$ 2.1 billion in 1Q10, 86.9% above 4Q09.
* Operational margin, as measured by adjusted EBIT margin, recovered to 31.2%, from 17.4% in 4Q09.
Cash generation, as measured by adjusted EBITDA(b) (earnings before interest, taxes, depreciation and amortization), rose to US$ 2.9 billion in 1Q10 from US$ 2.1 billion in 4Q09.
* Net earnings of US$ 1.6 billion, equal to US$ 0.30 per share on a fully diluted basis, against US$ 1.5 billion in 4Q09.
* Investments reached US$ 2.2 billion, with US$ 1.7 billion spent in organic growth and maintenance capex.
* Acquisitions: we entered into agreements to acquire fertilizer assets in Brazil and iron ore assets in West Africa, involving US$ 8.2 billion, to be disbursed from 2Q10 onwards.
* The first tranche of the minimum dividend for 2010, equal to US$ 1.25 billion or US$ 0.24 per share, was paid on April 30.
* Strong financial position, supported by large cash holdings of US$ 11.1 billion, availability of significant medium and long-term credit lines and a low-risk debt portfolio.

[mickefett]

Antwort auf Beitrag Nr.: 39.479.907 von mickefett am 07.05.10 12:52:47

Stahlbranche: Neue Regeln im Milliardenpoker
Leser des Artikels: 36

Die Stahlbranche steht Kopf, seit die Rohstofflieferanten die traditionelle Preissetzung über den Haufen warfen. Konzerne wie ArcelorMittal gewinnen indes über die gegenwärtige Erholung hinaus - von Stephan Bauer.


Der prominenteste Stahllobbyist auf dem Globus war empört. "Von Wettbewerb kann hier keine Rede sein", wetterte Ian Christmas, Chef der World Steel Association (WSA), angesichts des Bebens, das die Front zwischen Rohstofflieferanten und Stahlerzeugern jüngst erschütterte. Der brasilianische Erzriese Vale hatte in Verhandlungen mit seinen Kunden ein seit 40 Jahren geltendes, ehernes Gesetz der Branche verschrottet: Preise für Erz und Kohle sollen künftig nur noch für die Dauer eines Quartals gelten. Die bislang praktizierten Deals für ein Jahr sind wohl Geschichte. "Flexibler" will Vale in der Preisgestaltung werden. Im Klartext: mehr verdienen.


"Rohstoffkartell erdrückt Stahlerzeuger", so lautete Christmas' Botschaft an die Weltöffentlichkeit. Gemeinsam mit dem europäischen Verband Eurofer in Brüssel will der Funktionär nun Druck auf die Wettbewerbsbehörden machen. Diese sollen notfalls per Kartellverfahren die Macht der Erzlieferanten bremsen.


Doch so schlecht, wie der Lobbyist glauben machen will, steht es um die Stahlerzeuger nicht: Die Branche hat die tiefste Krise seit 60 Jahren inzwischen hinter sich. Das Katastrophenjahr 2009, in dem die Produktion um knapp sieben Prozent einbrach, ist beinahe vergessen.


Stahl ist wieder gefragt. Nach aktueller Schätzung der WSA soll der Ausstoß 2010 um knapp elf Prozent auf 1,24 Milliarden Tonnen steigen. Das wäre ein Wert über dem Niveau des Vorkrisenjahres 2007. Diese Zahl sei allerdings noch mit Vorsicht zu genießen, warnt Christmas. Der Regimewechsel bei den Rohstoffpreisen könne den Auftrieb auch dämpfen.


Das konjunkturelle Umfeld aber stimmt. Erfreulich ist etwa für die deutschen Konzerne ThyssenKrupp und Salzgitter, dass auch die Nachfrage im bislang noch schwachen Europa spürbar anzieht. "Die Erholung setzt sich fort", sagte Hans Jürgen Kerkhoff, Präsident der Wirtschaftsvereinigung Stahl, auf der Industriemesse in Hannover. Um 15 Prozent soll die Rohstahlproduktion in Deutschland demnach in diesem Jahr zulegen. Zuvor hatte der Verband noch bescheidenere zehn bis 15 Prozent prognostiziert.


Sechs Hochöfen standen auf dem Höhepunkt der Krise in Deutschland still. Im Juni, spätestens aber im Juli will die Salzgitter AG den einzigen noch kalten Ofen in der Republik wieder hochfahren. Auch die Zahl der Kurzarbeiter soll dem zweitgrößten deutschen Stahlkonzern zufolge im April auf 1500 sinken. Im Sommer 2009 waren es noch 9000.


Die Kapazitäten werden also wieder hochgefahren. Das zusätzliche Angebot wird auch zu höheren Preisen vom Markt aufgesaugt, denn die Nachfrage ist groß. Bei den Kunden der Stahlproduzenten springen die Geschäfte wieder an. Die Autoindustrie etwa profitiert vom einsetzenden Aufschwung in den USA, der auch schwächere Zulassungszahlen in Deutschland überdeckt.


Für weiter steigende Preise spricht zudem, dass die Lagerbestände der Stahlverbraucher noch immer niedrig sind. Neue Aufträge münden somit direkt in Bestellungen. Und auch in Fernost stehen die Ampeln auf Grün: Zwar exportiert China - mit 45 Prozent Anteil an der globalen Produktion der größte Spieler auf dem Markt - seit wenigen Monaten wieder etwas mehr, als es braucht. Doch die Überschüsse sind vergleichsweise gering.


Bis wenigstens in die zweite Jahreshälfte hinein rechnen Experten deshalb mit steigenden Notierungen. Die Tonne Warmbreitband, eine Sorte, die etwa für die Automobilindustrie besonders wichtig ist, könnte bis auf circa 750 Dollar pro Tonne anziehen. Damit läge der Preis gut 20 Prozent über dem Vorjahresniveau.
Rund 140 Dollar Zusatzkosten pro Tonne Stahl kommen nach Schätzungen der Deutschen Bank in den kommenden Quartalen noch auf die Konzerne zu. "Diese Steigerung haben die Stahlpreise bereits absorbiert", sagt Deutsche-Bank-Analyst Bastian Synagowitz. Weitere Stahlpreiserhöhungen, wie soeben etwa von Salzgitter angekündigt, sind absehbar. Diese dürften die Kostensteigerungen im laufenden Jahr überkompensieren.
Von der erfreulich guten Großwetterlage in der Branche profitieren allerdings nicht alle Anbieter. Denn die geänderten Spielregeln im Einkauf entscheiden auch darüber, wer künftig Gewinner und wer womöglich Verlierer ist: Der Vorteil der Konzerne, die ihrerseits Absatzpreise kurzfristiger verhandeln, wächst - der Nachteil der anderen ebenfalls.


etwa tut man sich mit den neuen Gepflogenheiten etwas schwer. Vor allem ThyssenKrupp gilt als Unternehmen mit einem ausgesprochenen Schwerpunkt auf langfristigen Lieferverträgen. Mehr als 60 Prozent der Kontrakte laufen länger als ein Jahr (siehe Grafik rechts). Was in Zeiten sinkender Stahlpreise Umsatz und Marge stabilisiert, setzt die Mannschaft um Vorstandschef Ekkehard Schulz zunehmend unter Druck.


Mit den Automobilkonzernen will Schulz sich noch mal an den Verhandlungstisch setzen. Zugeständnisse könnte es zwar geben, schließlich sind auch die Autokonzerne auf hochwertige Produkte angewiesen. Ob der Thyssen-Chef jedoch die gesamten Kostensteigerungen rausholen kann, scheint fraglich. "Der Markt glaubt nicht daran, dass Thyssen das hinbekommt", sagt ein Beobachter. Tendenziell werden die Düsseldorfer in den nächsten Quartalen demnach wohl mehr als andere unter höheren Kosten leiden.


Rivale Salzgitter hat ein ähnliches Problem. Die Niedersachsen setzen zwar in ihrer Stahlsparte überwiegend auf kurzfristige, am Spotmarkt orientierte Kontrakte oder auf quartalsweise Verhandlungen, doch gilt dies nicht für das Röhrengeschäft. Ausgerechnet jener Konzernteil, der im Krisenjahr 2009 als einziger Gewinne schrieb, macht Vorstandschef Wolfgang Leese deshalb in der Erholung Sorgen. Bei den Lieferungen für den geplanten zweiten Strang der Ostseegaspipeline sind laut Leese sogar Verluste absehbar. Der Konzern bilde bereits Rückstellungen für Drohverluste. "Wir rechnen mit einer Ergebnisbelastung von 25 bis 30 Millionen Euro in diesem und im nächsten Jahr", sagt Analyst Synagowitz.


Selbst Lakshmi Mittal, Vorstandschef des weltweiten Marktführers ArcelorMittal, war leicht angesäuert angesichts der jüngsten Machtdemonstration der Rohstoffriesen. "Unsere Partner könnten etwas flexibler sein", maulte der Multimilliardär. Doch auch Arcelor ist äußerst anpassungsfreudig, was die Art der Preisfindung bei den eigenen Kunden angeht: 70 bis 80 Prozent aller Verträge laufen auf Quartalsbasis oder werden nach dem Tageskurs fixiert. "ArcelorMittal ist in der Branche am besten aufgestellt, was die Laufzeit der Verträge betrifft", sagt Ephrem Ravi, Analyst bei Morgan Stanley.


Die Nummer 1 hat noch einen weiteren Trumpf in der Hand. Knapp die Hälfte des Erzbedarfs deckt Arcelor heute schon aus eigenen Beständen, zudem fast ein Fünftel des Verbrauchs an Kohle. Damit liegt Mittal goldrichtig, schließlich könnte sich der Erzpreis im laufenden Jahr verdoppeln. Der Konzernchef baut das Rohstoffportfolio sukzessive aus. Das Ziel: 75 Prozent des Bedarfs an Erz will der Inder bis zum Jahr 2015 aus eigenem Abbau beziehen.


Mittal setzte zudem in der Krise rechtzeitig auf die großen Synergiepotenziale des Konzerns. Fünf Milliarden Dollar will der Stahlmogul bis zum Jahr 2013 einsparen. Vom Krisenherbst 2008 bis Ende 2009 wurden bereits 2,7 Milliarden realisiert. Den Rest dürfte Mittal auch noch schaffen. Schließlich produziert Arcelor in 70 Werken auf fünf Kontinenten. "Wir glauben, dass das Einsparziel angesichts der Größe des Konzerns glaubwürdiger ist als das manches Konkurrenten", sagt Morgan-Stanley-Mann Ravi.


Kostensenkungen sind sicher auch langfristig clever. Denn auch die jüngste Erholung wird irgendwann enden. Ab wann die Preise wieder bröckeln, darüber gehen die Meinungen allerdings auseinander: Skeptiker rechnen in der zweiten Jahreshälfte mit aufkommendem Preisdruck, weil insbesondere finanzschwache Produzenten billiger liefern könnten. Optimisten sehen hingegen noch bis ins Jahr 2011 wenig Wolken am Horizont.


Einig sind sich die Beobachter jedoch in einem anderen Punkt. Selbst mit Kartellklagen, wie sie Funktionär Christmas fordert, wird die Branche kaum die Marktmacht ihrer Rohstofflieferanten schmälern. Sie kann bloß geschickt damit umgehen.

[mickefett]

Antwort auf Beitrag Nr.: 39.483.989 von mickefett am 07.05.10 19:57:34

Vale, Largest Iron Producer, on Edge from Brazilian Tax Cut Threat
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Mon, Jun 14, 2010
Feature Articles

Brazilian Tax Cut Threat LinkedIn 0diggsdigg Share By Dave Brown – Exclusive to Iron Investing News

On Friday, Brazilian Finance Minister Guido Mantega said the country may reduce duties on steel imports in a bid to contain inflation after reported wholesale prices rose the most in two years. Inflation has been running above the government’s 4.5 percent target since January, as the fastest growth in 15 years raises concern that Latin America’s biggest economy may be overheating. Brazil’s broadest measure of inflation, the IGP-M index, rose 2.21 percent from last month, the highest reading since 2003, led up by prices of iron-ore and wholesale goods. Across Brazil, companies are struggling to keep up with demand that’s been climbing steadily as unemployment hovers near a record low of 6.8 percent with rising salaries and increasing consumption. The financial crisis in Europe, higher interest rates and the withdrawal of fiscal stimulus tax cuts should all help to cool the Brazilian economy.

Vale S.A. (NYSE:VALE), the world’s biggest supplier of iron ore, won a 90 percent price increase for April quarter contracts after it dropped a 40-year custom of setting annual prices. The company’s current challenge within its domestic market will be to remain cost competitive if tariffs are eliminated and demand continues to climb, as the Brazilian currency has also demonstrated very strong relative appreciation. The purchasing power for consumers and increasing borrowing costs for Vale will present a threat to the company’s operating margins. The Brazilian currency, the real, whose 33 percent appreciation last year was the biggest among major currencies, will strengthen to 1.77 per dollar by the end of the third quarter according to a median estimate of more than 20 economists. As recent as last week the real gained 3.4 percent, the biggest marginal increase among the 16 most traded currencies.

Any final decision to cut the maximum 14 percent duty on steel imports remains with the foreign trade chamber. Over the past year, the federal government commission has reduced tariffs on 16 products, including beer cans, palm oil and sardines, as local producers struggle to meet surging demand. Faster economic growth has prompted analysts to forecast consumer prices will stay above the government’s target this year and next, according to the Brazilian central bank survey.

New Discovery

According to the New York Times, U.S. government officials suggest that Afghanistan could be holding $1 trillion of untapped mineral deposits including critical industrial metals such as iron, copper, and cobalt; in addition to strategic resources like lithium, rare earth deposits of niobium and large deposits of gold. The U.S. study released by a team of geologists and pentagon officials, indicates the biggest deposits discovered so far are of iron and copper and the quantities are large enough to make Afghanistan a major world producer. Afghanistan does not have any mining industry or infrastructure, so it will take decades for the country to exploit its mineral wealth fully, the paper quoted U.S. officials as saying. A large contract to mine an estimated 1.8 billion tons of high-quality iron ore in the remote mountainous region of Hajigak is expected to open for international bidding this year.

[mickefett]

Antwort auf Beitrag Nr.: 39.687.327 von mickefett am 15.06.10 21:37:35

Betreff: Performance of Vale in 2Q10

Performance of Vale in 2Q10

GAINING MOMENTUM

Rio de Janeiro, July 29, 2010 - Vale S.A. (Vale) reports strong operational and financial performance in the second quarter of 2010 (2Q10), the best since the global financial shock took place in 3Q08, signaling that value creation is gaining momentum. These results reflect a rising global demand for minerals and metals, operating costs under control and our efforts to increase production.

2Q10 marks the first quarter with the implementation of the new pricing regime for iron ore. The move towards price flexibility brings more efficiency and transparency to iron ore pricing and allows the recognition of quality differences, contributing to stimulate long-term investment. In addition, clients are able to know beforehand the price to be paid in the following quarter, thus facilitating cost control and inventory management.

We strongly believe that the continuous quest for growth will keep Vale on the road to significant shareholder value creation.

The main steps for the acquisition of Brazilian fertilizer assets were completed and one month's performance of the newly acquired assets is already captured in the 2Q10 results. Bayóvar, our first greenfield project in the fertilizer business, came on stream this month, on time and on budget. This was the third project to be delivered out of seven scheduled to be concluded this year.

As the many greenfield projects due to start up in the near future are delivered, the ground will be laid for the building of new growth platforms through the development of low-capex brownfield projects to meet global demand expansion, opening additional lanes to shareholder value creation.


The main highlights of Vale's performance in 2Q10 were:

* Operating revenue of US$ 9.9 billion in 2Q10, 45.0% more than the US$ 6.8 billion in 1Q10.
* Operating income, as measured by adjusted EBIT(a) (earnings before interest and taxes), of US$ 4.6 billion in 2Q10, 124.5% above 1Q10.
* Operational margin, as measured by adjusted EBIT margin, increased to 47.9% in 2Q10 from 31.2% in 1Q10.
* Cash generation, as measured by adjusted EBITDA(b) (earnings before interest, taxes, depreciation and amortization), rose to US$ 5.6 billion in 2Q10 - the third highest quarterly EBITDA in our history - from US$ 2.9 billion in 1Q10.
* Net earnings of US$ 3.7 billion, equal to US$ 0.70 per share on a fully diluted basis, against US$ 1.6 billion in 1Q10.
* Investments - excluding acquisitions - reached US$ 2.4 billion, with US$ 2.0 billion spent on organic growth.
* First tranche of the minimum dividend for 2010, equal to US$ 1.25 billion or US$ 0.24 per share, paid on April 30.
* Total debt/LTM EBITDA ratio fell below 2x, reaching 1.76x.

[mickefett]

Antwort auf Beitrag Nr.: 39.905.062 von mickefett am 30.07.10 16:59:54

8/9/2010
Vale´s Goro produces its first nickel metal
Vale announces that the Goro project, located in New Caledonia in the South Pacific, has successfully produced its first nickel metal product.

Commissioning at the Goro plant is now almost complete. Remaining commissioning work will continue to take place over the next few months with the refinery expected to be in production by the end of this year.

Goro is a nickel laterite project with an estimated annual nominal capacity to produce 58,000 metric tons of nickel and 4,000 metric tons of cobalt as a by-product.

[mickefett]

Antwort auf Beitrag Nr.: 39.958.756 von mickefett am 10.08.10 14:23:29

Vale to develop a copper project in Zambia

Rio de Janeiro, August 27, 2010 - Vale S. A. (Vale) announces that its strategic 50:50 joint venture with African Rainbow Minerals Limited (ARM), a company listed on the Johannesburg Stock Exchange, will release the development of the Konkola North copper project in Zambia.



The project has an estimated capital expenditure of approximately US$ 400 million, and is expected to start up production in 2013 and to reach full capacity in 2015. Konkola North estimated nominal capacity is 45,000 metric tons per year of copper in concentrate, which will be toll smelted in Zambia.



The expected mine life is 28 years, including a three-year exploration program to evaluate area A, which has the potential to increase output to 100,000 metric tons per year of copper in concentrate from 2020 onwards. Initially, the South and East Limb mines will be developed, after which the deeper, higher grade and wider reef areas will be mined.



Our investment in Konkola North, located in the wealthy Zambian Copper Belt, will be leveraged by Vale´s extensive track record in developing successful large-scale mining projects in tropical environments. The project development is consistent with our goal to become one of the largest copper producers in the world and it is expected to create significant shareholder value.

[mickefett]

Vale acquires additional stake in Vale Fertilizantes

Rio de Janeiro, September 29, 2010 - Vale S.A. (Vale) announces that it concluded the acquisition from The Mosaic Company (Mosaic) of an additional stake of 20.27% in the equity capital of Vale Fertilizantes S.A. (Vale Fertilizantes) - previously named Fertilizantes Fosfatados S.A. Fosfertil - for US$ 1,029,811,129.77.



Through its wholly-owned subsidiary Mineração Naque S.A., Vale exercised, a call option pursuant to a contract with Mosaic on February 10, 2010. This contract was part of the process of acquisition of 100% of Bunge Participações e Investimentos, publicly announced on January 27, 2010.



The acquisition of 20.27% in Vale Fertilizantes, which corresponds to 27.27% of the common shares and 16.65% of the preferred shares of such firm, was held at a price of US$ 12.0185 per shares, the same price per shares paid to Bunge Fertilizantes S.A., Fertilizantes Heringer S.A., Fertilizantes do Paraná Ltda and Yara Brasil Fertilizantes S.A., when consolidated the acquisition of these direct and indirect stakes in Vale Fertilizantes, as publicly announced on May 27, 2010, "Vale concludes important steps of the fertilizer assets acquisition".



As a consequence of the conclusion of the acquisition, Vale now owns 78.90% of Vale Fertilizantes, which corresponds to 99.81% of its common shares and 68.24% of preferred shares.



According to our press release of May 27, 2010, Vale submitted to the Brazilian Securities Commission (CVM) approval the registration of a mandatory public offer to acquire 0.19% of the common shares held by the minority shareholders of Vale Fertilizantes.



The acquisition is consistent with our goal to become a global leader in the fertilizer business. In order to achieve this position, we have the availability of a large pipeline of projects involving potash and phosphates assets in Brazil, Argentina, Peru, Canada and Mozambique, currently under different stages of development. In July 2010, the phosphate rock mine of Bayóvar, Peru, came on stream. It is a world-class asset and the first greenfield project completed by Vale in the fertilizer business.

[mickefett]

Antwort auf Beitrag Nr.: 40.236.357 von mickefett am 29.09.10 23:19:57

Vale - 3Q10 Production Report

HIGH PERFORMANCE

Rio de Janeiro, October 18, 2010 - Vale S.A. (Vale) operations performed very well in 3Q10, as shown by the continuous output increase of the majority of its products, and the recording of all-time high volumes for pellets, coal and bauxite.

We concluded three projects - Additional 20Mt, Bayóvar and CSA - in the first seven months of the year and others are being delivered in 4Q10 - Onça Puma, Tres Valles and Oman. VNC, formerly Goro, is being successfully commissioned and has already started to produce an intermediate nickel and cobalt product, nickel hydroxide cake. A total of US$ 12.6 billion was invested in these projects, which are beginning to generate cash flow and superior returns to shareholders.

The improvement in operational performance of the existing assets and the delivery of new projects amidst a scenario of growing global demand for minerals, metals and fertilizers are adding significant strength to our financial results.

The production of iron ore reached 82.6 Mt, the second largest quarterly output in Vale's history and the best performance since the record of 85.8 Mt achieved in 3Q08. The operational issues at the discharge in the Ponta da Madeira maritime terminal were solved, allowing Carajás production to rise to a record level. In another important achievement, the performance of our iron ore operations was sufficient to feed the all-time high pellet output of 13.6 Mt in 3Q10.

In the first nine months of 2010, Vale produced 227.5 Mt of iron ore and 36.8 Mt of pellets, increasing 30.4% and 143.5%, respectively, over the same period last year.

Coal production attained a record level of 1.9 Mt in 3Q10 as did bauxite with 3.8 Mt.

The Canadian nickel operations were returning to normalcy during 3Q10 and are reaching full capacity in October. Mining as well as smelting and refining operations at Sudbury, the precious metals plant of Port Colborne, and Voisey's Bay mining and processing operations were ramped up. The 3Q10 numbers already showed some improvement in nickel and copper output, but the bulk of output growth of nickel and its by-products will be reflected in the 4Q10 report.

In 3Q10, the first quarter in which their production volumes are reported for the full three-month period, the recently acquired phosphate fertilizer assets delivered a strong performance. Bayóvar, our phosphate rock mine in Peru, came on stream in July 2010, and its first production of 209,000 metric tons was recorded in 3Q10.

Click here to view Vale's 3Q10 Production Report

[mickefett]

Antwort auf Beitrag Nr.: 40.344.759 von mickefett am 18.10.10 21:19:02

Performance of Vale in 3Q10



Rio de Janeiro, October 27, 2010 - Vale S.A. (Vale) reports a stellar performance in the third quarter of 2010 (3Q10). It is Vale's best ever financial result, marked by records in gross revenue, operational income and margin, net earnings and cash generation. This performance stems from discipline in capital allocation, quality of our assets and efforts to maximize operational efficiency amid a scenario of strong demand for minerals and metals.

Alongside the all-time high quarterly figures for revenues, margins, earnings and cash flow, Vale invested US$ 14.0 billion in the first nine months of 2010 (9M10), and is returning US$ 5.0 billion to shareholders while deleveraging the balance sheet, which highlights the quality of the results being reported. We continue to pursue sustainable shareholder value creation, implementing the growth strategy with discipline in capital allocation, consistent with a long-term vision of the mining business.

The main highlights of Vale's performance in 3Q10 were:

* Record operating revenue of US$ 14.5 billion in 3Q10, 19.6% above the previous record of US$ 12.1 billion in 3Q08 and 46.0% more than the US$ 9.9 billion in 2Q10.
* Record operating income, as measured by adjusted EBIT (earnings before interest and taxes), of US$ 7.8 billion in 3Q10, 69.2% above the US$ 4.6 billion in 2Q10.
* Record operational margin, as measured by adjusted EBIT margin, increased to 55.6% in 3Q10 from 47.9% in 2Q10.
* Record cash generation, as measured by adjusted EBITDA (earnings before interest, taxes, depreciation and amortization): US$ 8.8 billion in 3Q10, US$ 2.4 billion above the previous record in 3Q08 and US$ 3.2 billion above 2Q10.
* Record net earnings of US$ 6.0 billion, equal to US$ 1.13 per share on a fully diluted basis, 63.0% above the US$ 3.7 billion in 2Q10.
* Investments - excluding acquisitions - reached US$ 3.1 billion, with US$ 2.2 billion spent on organic growth.
* Dividend of US$ 1.75 billion, including the second tranche of the minimum dividend of US$ 1.25 billion and additional dividend of US$ 500 million, to be paid on October 29, 2010. Total dividend distribution of US$ 3.0 billion in 2010 will be the highest in a single year.
* Return of capital to shareholders of US$ 5.0 billion in 2010, another record figure, which includes US$ 2.0 billion returned through the execution of the share buyback program.
* Total debt/LTM EBITDA ratio of 1.3x, at the end of 3Q10, against 1.8x in 2Q10 and 2.2x in 3Q09.

[mickefett]

Antwort auf Beitrag Nr.: 40.411.694 von mickefett am 28.10.10 22:04:54

Vale to invest US$ 24 billion in 2011

Rio de Janeiro, October 28, 2010 - Vale S.A. (Vale) announces that its Board of Directors has approved the investment budget for 2011, involving capital expenditures of US$ 24.0 billion. dedicated to sustaining existing operations, research and development (R&D) and project execution.

The capex budget for 2011 represents an increase of 125.1% over the US$ 10.662 billion invested in the last twelve-month period ended on September 30, 2010. Our investment plan reinforces the focus on organic growth as a priority: 81.3% of the budget is allocated to finance R&D and greenfield and brownfield projects against an average of 74.4% over the last five years.

Confidence in long-term global fundamentals supports our strategy of strong growth and shareholder value creation. During 2011 we will invest in the development of a large number of world-class projects, fifteen of which have already been approved by the Board of Directors. The approved projects include Carajás Additional 30 Mtpy, Conceição Itabiritos, Vargem Grande Itabiritos, Oman, Tubarão VIII, CLN 150, Salobo, Salobo II, Konkola North, Long Harbour, Totten, Moatize, Biofuels, Estreito and Karebbe.

To enhance the competitiveness of our operations, we will continue to make sizeable investments in our railroads, maritime terminals, shipping and power generation, while acting as a catalyst of local development, contributing to build a sustainable regional legacy in those communities where we are present and ultimately to global sustainability.

Consistently with our commitment to strong discipline in capital allocation, we will be continuously monitoring costs of project development and reassessing expected returns in order to maximize shareholder value creation.

18 large projects are coming on stream in 2010-2012, creating cash flow generation from the US$ 26 billion of capital invested over time in their development. The delivery of these projects enhance our capacity to finance profitable growth initiatives without leveraging the balance sheet and lays the foundations for the building of new value creation platforms through the development of low-capex brownfield projects.

[mickefett]

Vale announces listing of its shares at HKEx

Rio de Janeiro, December 08, 2010 - Vale S.A. (Vale) announces the secondary listing of its common shares and Class A preferred shares in the form of Hong Kong depositary receipts (HDRs) on The Stock Exchange of Hong Kong Limited (HKEx) by way of introduction.



The common HDRs (stock code: 6210) and Class A preferred HDRs (stock code: 6230) started to be traded on HKEx today at 09:30 a.m. (Hong Kong time).

[mickefett]

Antwort auf Beitrag Nr.: 40.676.918 von mickefett am 08.12.10 23:12:50

Brazil Vale has 3rd biggest Jul-Sep profit in Latam, US - consultancy

Brazilian mining giant Vale had in the third quarter the third-biggest profit among publicly traded companies in Latin America and U.S., according to a survey published Wednesday by Brazilian consulting firm Economática.
Vale, the world's second-largest miner and the No. 1 iron ore producer, posted a $6.229 billion net profit for July through September. It was behind only AT&T ($12.339 billion) and Exxon Mobil ($7.35 billion).
Brazilian government-controlled oil company Petrobras ranked fifth, with third-quarter earnings of $5.056 billion.
In the third quarter of 2009, Petrobras had ranked second among 2,335 companies surveyed by Economática, while Vale had taken the 22nd position. (AE Brazil Newswire staff)
(c) 2010 Agência Estado - Todos os direitos reservados
AE Brazil Newswire - Financial and Corporate News Service

[mickefett]

Antwort auf Beitrag Nr.: 40.750.629 von mickefett am 22.12.10 14:30:12

Vale on extraordinary dividend payment

Rio de Janeiro, December 30, 2010 - Vale S.A. (Vale) ratifies the announcement made on September 23, 2010 that its Executive Board has approved and will submit to the Board of Directors the proposal for payment of an extraordinary dividend of US$ 1 billion.



The proposal will be submitted for approval to the Board of Directors in the meeting scheduled for January 14, 2011 and, if approved, the payment will be made on January 31, 2011. The holders of American Depositary Receipts (ADRs) and Hong Kong Depositary Receipts (HDRs) will receive the payment through JP Morgan, as the depositary agent, on February 7, 2011 and February 9, 2011, respectively.



The proposed gross amount of US$ 1 billion is equal to US$ 0.191634057 per common or preferred share outstanding, based on the number of shares on November 30, 2010. The amount in Brazilian reais will be calculated using the Brazilian real/US dollar exchange rate (Ptax-Option 5) published by the Central Bank of Brazil on January 13, 2011. The amount will be subject to appropriate adjustments for withholding tax if the distribution is classified for tax purposes as interest on shareholders' equity. Other fees and/or charges may also be applicable.



If the proposal is approved by the Board, all investors who hold Vale shares at the record dates will have the right to the dividend payment. The record date for the owners of shares traded on the BM&FBovespa is January 14, 2011. The record date for the holders of ADRs traded on the New York Stock Exchange (NYSE) and Euronext Paris is January 19, 2011 Eastern Standard Time and for the holders of HDRs traded on the Hong Kong Stock Exchange (HKEx) is at the close of business in Hong Kong on January 19, 2011.



Vale shares will be traded ex-dividend on BM&FBovespa as of January 17, 2011, on NYSE and Euronext Paris as of January 14, 2011 and on HKEx as of January 18, 2011.

[mickefett]

Antwort auf Beitrag Nr.: 40.779.226 von mickefett am 30.12.10 14:41:16

Vale pays extraordinary dividend

Rio de Janeiro, January 14, 2011 - Vale S.A. (Vale) informs that its Board of Directors approved today the payment of the extraordinary dividend to shareholders amounting to US$ 1 billion (R$ 1,670,100,000.00), equivalent to US$ 0.191634056 (R$ 0.320048038) per outstanding common or preferred share (5,218,279,144).



Vale's Executive Board proposal for the dividend to be paid to its shareholders was publicly disclosed on September 23 and December 30, 2010.


Form of payment



The extraordinary dividend will be made as follows:



1. Distribution of R$ 1,670,100,000.00 equivalent to R$ 0.320048038 per outstanding common or preferred share, in the form of interest on capital.



The values were obtained from the conversion of the US dollar value into Brazilian reais using the exchange rate for the sale of US dollar (Ptax - option 5 code), as informed by the Central Bank of Brazil on January 13, 2011, of R$ 1.6701 per US dollar, as announced on September 23 and December 30, 2010.



2. The payment will be made from January 31, 2011 onwards. The holders of American Depositary Receipts (ADRs) and Hong Kong Depositary Receipts (HDRs) will receive the payment through JP Morgan, as the depositary agent, on February 7 and 9, 2011, respectively. A withholding income tax will be levied on the amount distributed as interest on capital, in accordance with prevailing tax code in Brazil.



3. The record date for the owners of shares traded on the BM&F Bovespa is January 14, 2011. The record date for the holders of ADRs traded on the New York Stock Exchange (NYSE) and Euronext Paris is January 19, 2011 and for the holders of HDRs traded on the Hong Kong Stock Exchange (HKEx) is at the close of business in Hong Kong on January 19, 2011. All shareholders on these respective record dates will have the right to the dividend payment.



4. Vale shares will start trading ex-dividend on NYSE and Euronext Paris as of January 14, 2011, on BM&F Bovespa as of January 17, 2011, and on HKEx as of January 18, 2011.

[mickefett]

Vale on market rumors

Rio de Janeiro, January 21, 2011 - Vale S. A. (Vale) informs that rumors about a bid to acquire a fertilizers company or about negotiations with the purpose of making a bid to acquire such company are totally unfounded.

We continue to focus on our multiple opportunities of organic growth. Our multi-billion investment plan for 2011, of US$ 24 billion, is anchored in a rigorous discipline in capital allocation and reinforces the confidence in long-term global fundamentals to generate shareholder value.

[mickefett]

Vale announces the release date for 4Q10 results

Rio de Janeiro, January 24, 2011 - Vale S.A. (Vale) will release its 4Q10 results on Thursday, February 24, 2011, after markets closing. Due to the different time zones, for Hong Kong 4Q10 results will be released on Friday, February 25, before markets opening.



Vale will release simultaneously consolidated financial statements in US GAAP (generally accepted accounting principles in the United States) and BR GAAP (generally accepted accounting principles in Brazil).



Vale will host a conference call and webcast on Friday, February 25, 12:00 p.m. Rio de Janeiro time, 10:00 a.m. US Eastern Standard Time, 3:00 p.m. British Standard Time, and 11:00 p.m. Hong Kong time.

[mickefett]

Vale proposes US$ 4 billion for 2011 minimum dividend

Rio de Janeiro, January 31, 2011 - Vale S.A. (Vale) announces that its Executive Board has approved and will submit to the Board of Directors a proposal for the distribution of a minimum dividend of US$ 4 billion in 2011, equivalent to US$ 0.766536226 per share for both common and preferred shares outstanding, to be distributed in two installments, on April 29 and October 31, 2011.



The Board of Directors will evaluate the proposal submitted by senior management, regarding each installment, in the meetings scheduled for April 13 and October 14, 2011.



If the proposal is approved by our Board of Directors, the payment of each installment will be made in Brazilian reais, calculated on the basis of the Brazilian real/US dollar exchange rate (Ptax - option 5) published by the Central Bank of Brazil on the business day prior to the Board of Directors meeting that approves the dividend proposal.

The minimum dividend of US$ 4 billion represents an increase of 60% compared to the minimum dividend announced in 2010. Considering the extraordinary dividend of US$ 1 billion being distributed today, the total minimum dividend in 2011 will be 66.7% higher than the amount distributed last year, US$ 3.0 billion.

The proposed minimum dividend is consistent with Vale's financial policy, which aims to provide a strong support to the exploitation of profitable growth opportunities alongside the preservation of a sound balance sheet.

For further information, please contact:
[phone]
Roberto Castello Branco: [e-mail]
Viktor Moszkowicz: [e-mail]
Carla Albano Miller: [e-mail]
Andrea Gutman: [e-mail]
Fernando Frey: [e-mail]
Marcio Loures Penna: [e-mail]
Samantha Pons: [e-mail]
Thomaz Freire: [e-mail]


This press release may include declarations about Vale's expectations regarding future events or results. All declarations based upon future expectations, rather than historical facts, are subject to various risks and uncertainties. Vale cannot guarantee that such declarations will prove to be correct. These risks and uncertainties include factors related to the following: (a) the countries where Vale operates, mainly Brazil and Canada; (b) the global economy; (c) capital markets; (d) the mining and metals businesses and their dependence upon global industrial production, which is cyclical by nature; and (e) the high degree of global competition in the markets in which Vale operates. To obtain further information on factors that may give rise to results different from those forecast by Vale, please consult the reports filed with the Brazilian Comissão de Valores Mobiliários (CVM), the French Autorité des Marchés Financiers (AMF), and with the U.S. Securities and Exchange Commission (SEC), including Vale's most recent Annual Report on Form 20F and its reports on Form 6K.
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[mickefett]

Betreff: Performance of Vale in 2010

Performance of Vale in 2010

A YEAR OF EXTRAORDINARY PERFORMANCE

Rio de Janeiro, February 24, 2011 - Vale S.A. (Vale) reports a stellar performance in 4Q10 and 2010. It is our best ever annual result, characterized by all-time high figures for operating revenues, operating income, operating margin, cash generation and net earnings. Net earnings for 2010 were the greatest ever in the mining industry. At the same time, we allocated the greatest amount of resources in the global mining industry to fund the creation of new platforms for future growth to sustain high performance.

Roger Agnelli, our Chief Executive Officer, has commented: "We are living through our best days. However, given the size and quality of our pipeline of growth projects amid a scenario of sustained global demand growth for our products, I strongly believe that even better days are ahead of us".

2009 was a transition year, marked by weaker but still robust performance. 2010 was a year of strong recovery and striking performance due to the combination of two powerful forces. On the one hand, the initiatives developed by the company in response to the global economic downturn, embracing change and structural transformation, began to bear fruits. On the other hand, the global economy, led by emerging economies, the main drivers of the demand for minerals and metals, showed an above-trend growth, rallying from the depressed levels of late 2008/early 2009.

Our powerful cash generation and rigorous discipline in capital allocation allowed us to overcome once again the challenge posed to growth companies by the classical trilemma involving growth financing, soundness of the balance sheet and meeting shareholders' aspirations for capital return.

Vale has invested US$ 12.7 billion in maintenance of existing assets and the exploitation of multiple organic growth opportunities. Six projects were delivered in 2010: (a) Additional 20 Mtpy, an iron ore expansion of Carajás operations; (b) TKCSA, a steel slab plant; (c) Bayóvar, a phosphate rock mine; (d) Tres Valles, a copper operation; (e) Onça Puma, a ferronickel operation; and (f) Oman, an iron ore pellet operation.

Moreover, we spent US$ 6.7 billion to finance acquisitions, including fertilizer assets in Brazil. In total, Vale's investment in 2010 reached US$ 19.4 billion, the largest in the world's mining industry.

Simultaneously, we have returned US$ 5.0 billion to shareholders, a record amount, being US$ 3.0 billion of dividend distribution and US$ 2.0 billion through a share buyback. In addition, an extraordinary dividend of US$ 1 billion was distributed to shareholders on January 31, 2011.

After spending almost US$ 25 billion with investments and cash returns to shareholders, we were able to deleverage the balance sheet, ending the year with a total debt/adjusted EBITDA ratio of 1.0x.

In December 2010, our shares were listed for trading on the Main Board of The Stock Exchange of Hong Kong Limited (HKEx). With the listing in one of the most important stock exchanges in Asia, we offer now to investors all over the world the option of trading our shares around the clock, in the Americas, Europe and Asia, consolidating Vale's position as a major global company.

Over the last ten years, Vale created US$ 154.5 billion of value to shareholders and distributed US$ 17.4 billion in dividends. Total shareholder return was 38.2% per annum for 2001-2010, the highest among our peers.

As an agent of global sustainability, we invested US$ 737 million in environmental protection and conservation and US$ 399 million in social projects, totaling expenditures of US$ 1.136 billion in corporate social responsibility. We continued to develop technological solutions to reconcile excellence in operational and financial performance with sustainability, creating opportunities for social and economic mobility for the communities where we have our operations.

The main highlights of Vale's performance were:

* Record operating revenues of US$ 15.2 billion in 4Q10 and US$ 46.5 billion in 2010.
* Record annual operating income, as measured by adjusted EBIT(a) (earnings before interest and taxes), of US$ 21.7 billion in 2010. Operating income totaled US$ 7.2 billion in 4Q10.
* Record operational margin, as measured by adjusted EBIT margin, of 47.9% in 2010, which was the best among peers. In 4Q10, the operational margin reached 48.0%.
* Record cash generation, as measured by adjusted EBITDA(b) (earnings before interest, taxes, depreciation and amortization) of US$ 26.1 billion in 2010 and US$ 8.9 billion in 4Q10.
* Record annual net earnings of US$ 17.3 billion, the largest ever in the mining industry, equal to US$ 3.25 per share on a fully diluted basis. Net earnings of US$ 5.9 billion in 4Q10, an all-time high figure in a fourth quarter.
* Record capital expenditures - excluding acquisitions - of US$ 12.7 billion in 2010 and also the largest capex in the global mining industry.
* Record return of capital to shareholders of US$ 5.0 billion in 2010, through a dividend distribution of US$ 3.0 billion, equal to US$ 0.57 per share, and the execution of the share buyback program of US$ 2.0 billion.
* Total debt/adjusted EBITDA ratio of 1.0x, at the end of 2010, against 2.5x in December 2009.

[mickefett]

Kürzlich beklagte sich hier ein User, dass es einfach oder gar zu einfach sei, nur englische Texte hier einzustellen. Dazu kann ich nur sagen: Entweder englisch oder gar nichts, die zusätzliche Zeit für die Übersetzung, die ich selbst nicht benötige, kann ich leider nicht aufbringen. Also, für alle, die auch mit englischen Texten etwas anfangen können:






Vale concludes aluminum portfolio management

Rio de Janeiro, February 28, 2011 - Vale S.A. (Vale) informs that it has concluded the transaction announced on May 2, 2010, with Norsk Hydro ASA (Hydro), a company listed on the Oslo Stock Exchange and the London Stock Exchange (ticker symbol: NHY), transferring its stakes in Albras - Alumínio Brasileiro S.A. (Albras), Alunorte - Alumina do Norte do Brasil S.A. (Alunorte) and Companhia de Alumina do Pará (CAP), along with its respective off-take rights and outstanding commercial contracts and net debt of US$ 655 million for 22% of Hydro's common shares outstanding after the shares issued by Hydro today, and US$ 503 million in cash, after adjustments.

In addition, Vale formed a newly incorporated Mineração Paragominas S.A (Paragominas) and transferred the Paragominas bauxite mine and all its other Brazilian bauxite mineral rights to this new company. As part of the transaction, Vale sold 60% of Paragominas to Hydro for US$ 578 million in cash, after working capital adjustments, and the remaining 40% will be sold in two equal tranches of 20% in 2013 and 2015, for US$ 200 million in cash each.

Under the terms of the agreement, Vale, through its wholly owned subsidiaries, transferred to Hydro: (i) 51% of the total capital of Albras; (ii) 57% of the total capital of Alunorte; (iii) 61% of the total capital of CAP; and sold (iv) 60% of the total capital of Paragominas, in which Vale remains with 40% equity interest until it is fully divested until 2015.

Vale, through its wholly owned subsidiaries, subscribed 447,834,465 Hydro shares or 22% of the 2,035,611,206 shares outstanding, valued at approximately US$ 3.5 billion according to Hydro's closing share price and NOK exchange rate on February 25, 2011. Pursuant to the transaction agreements, Vale cannot divest its shares during a two-year lock-up period after the closing or increase its ownership in Hydro beyond its 22% stake.

As part of the agreement, Vale is entitled to have one representative on Hydro's Board of Directors. Tito Martins, our Executive Officer of Base Metals Operations, has been elected as a board member and joined Hydro's board with the completion of the transaction.

The combination of Vale and Hydro assets creates one of the world's largest and most competitive integrated aluminum companies, with growth potential and access to large bauxite reserves, captive power generation at competitive prices and technological expertise.

Vale is engaged in active portfolio asset management, which is one of the pillars of our strategy to create value on a sustainable basis. Given that Vale remains exposed to the aluminum business through a significant stake in the combined company, we strongly believe that this transaction will create substantial value for our shareholders.

[mickefett]

Antwort auf Beitrag Nr.: 41.120.890 von mickefett am 28.02.11 20:47:49

Vale lukratives Oligopol bringt Milliardengewinne

28.02.11 13:47
EURO am Sonntag

München (aktiencheck.de AG) - Die Experten der "EURO am Sonntag" empfehlen die Vale-Aktie zur Beimischung.

Der brasilianische Rohstoffkonzern Vale dominiere gemeinsam mit den australischen Wettbewerbern BHP Billiton (ISIN AU000000BHP4 / WKN 850524) und Rio Tinto den Markt für Eisenerz. Das lukrative Oligopol beschere dem Unternehmen Milliardengewinne.

Im 4. Quartal 2010 habe Vale den Profit im Vorjahresvergleich auf knapp 6 Mrd. USD vervierfacht.

Die Experten der "EURO am Sonntag" halten Vale für günstig bewertet und empfehlen die Aktie zur Beimischung. Das Kursziel werde bei 28,00 Euro gesehen. Ein Stoppkurs sollte bei 18,10 Euro gesetzt werden. (Ausgabe 09)
(28.02.2011/ac/a/a)

[mickefett]

Vale starts nickel production at Onça Puma

Rio de Janeiro, March 11, 2011 - Vale S.A. (Vale) informs that it started production at Onça Puma, a nickel operation (mine and processing plant) in the Brazilian state of Pará with nominal capacity of 53,000 tons per year of nickel contained in ferro-nickel, its final product.



On March 4, 2011, we produced the first metal from the first of two ferro-nickel production lines, and the second line is expected to start in the second half of the year. Onça Puma is built on lateritic nickel deposits of saprolitic ore and total investment is estimated at US$ 2.841 billion, with US$ 146 million to be spent in 2011 during the ramp-up.



Our confidence in the long-term global fundamentals supports our strategy of developing organic growth opportunities through the implementation of world-class projects to generate shareholder value. From 2011 to 2015, 33 major projects will be delivered, enhancing our capacity to finance profitable growth initiatives without leveraging the balance sheet and laying the foundations for building new value creation platforms through the development of low-capex brownfield projects.

[mickefett]

Vale to acquire assets in the African copperbelt
Rio de Janeiro, April 8, 2011 - Vale S.A. (Vale) announces that it has agreed the terms of an offer to acquire, through a wholly-owned subsidiary, the total share capital of Metorex Limited (Metorex) for the amount of 7.35 South African rands (ZAR) per share on the Johannesburg Stock Exchange (JSE), totaling ZAR 7,524 million on a fully diluted basis, and equivalent to US$ 1,125 million at last closing's USD/ZAR exchange rate, to be paid in cash.

About Metorex

Metorex is a producer of copper and cobalt, with operations in the African copperbelt. It is listed on the JSE (ticker: MTX SJ), with a secondary listing on the Frankfurt Stock Exchange, and American Depositary Receipts (ADRs) traded over-the-counter in the United States. Metorex holds operations and projects in the African copperbelt through its subsidiaries.

Metorex has two operating mines, Chibuluma located in Zambia, in which it holds an 85% interest, and Ruashi in the DRC, in which it holds a 75% interest. Chibuluma has an estimated capacity of 18,600 metric tons per year of copper contained in concentrates and proven and probable reserves of 3.5 million metric tons (Mt) @3.8% Cu. The Ruashi operations, which are also comprised of a hydrometallurgical SX-EW plant, have an estimated capacity of 36,000 metric tons per year of copper cathodes and 4,500 metric tons per year of cobalt, based on proven and probable reserves of 22.2 Mt @2.4% Cu. In addition, Metorex has three projects in the DRC, one in the development phase and two in the exploration phase.

In 2010, Metorex produced 51,569 metric tons of copper and 3,622 metric tons of cobalt. Its gross revenue reached US$ 432 million and the net debt totaled US$ 63 million on December 31, 2010.

About the offer

The offer to acquire the entire share capital of Metorex has been approved by Vale's Board of Directors and the terms of the proposal have been agreed by the board of directors of Metorex. Metorex shareholders will be called to vote on the proposed acquisition, which will be implemented through a scheme of arrangement as defined in South Africa's Companies Act.

The acquisition of 100% of the share capital requires the approval by at least 75% of Metorex voting rights exercised at the shareholders' meeting. Vale has already received irrevocable undertakings from certain Metorex shareholders representing in aggregate 25.4% of the existing issued ordinary share capital of Metorex to vote in favor of the offer. Following the acquisition of the entirety of the share capital, application will be made by Metorex to the stock exchanges to terminate the listings of Metorex shares.

The acquisition is conditional on the applicable government and regulatory approvals, consents and waivers in South Africa, Zambia and the DRC, and approval by minority holders in the subsidiary companies, as well as to customary closing conditions. In addition, the sale or transfer of Sable Zinc Kabwe Limited, a processing operation in Zambia that produces copper cathodes and cobalt, by Metorex to a third party is also a condition.

The strategic rationale

The proposed acquisition is consistent with our goal to become one of the largest copper producers in the world. Moreover, the majority of Metorex assets are located near two of our Central African copper projects1 - Konkola North under development in Zambia and Kalumines under feasibility study in the DRC - which will enable Vale to exploit synergies.

Currently, we are developing the first phase of the Salobo copper mine in the Carajás mineral province in the state of Pará, Brazil, with an annual nominal capacity of 100,000 metric tons of copper in concentrates. Given our portfolio, comprised by copper operations and projects in Carajás, the operations in Canada and Chile and the enlarged growth platform in the African copperbelt, we expect to create significant shareholder value.



1 The Konkola North and Kalumines projects are part of our joint venture with African Rainbow Minerals Limited (ARM).

[mickefett]

Vale pays first tranche of the 2011 dividend

Rio de Janeiro, April 13, 2011 - Vale S.A. (Vale) informs that its Board of Directors approved today the payment of the first installment of the 2011 dividend to shareholders amounting to US$ 2 billion (R$ 3,174,000,000.00), equivalent to US$ 0.383268113 (R$ 0.608246495) per outstanding common or preferred share (5,218,279,144).

Vale´s Executive Board proposal for the dividend to be paid to its shareholders in 2011, publicly disclosed on January 31, 2011, established a minimum amount for the year of US$ 4 billion, equivalent to US$ 0.766536226 per outstanding common or preferred share, to be paid in two installments, on April 29 and October 31, 2011. The dividend was proposed in accordance with Vale´s dividend policy.


Form of payment

Payment of the first tranche of the minimum dividend will be made as follows:

1. Distribution of R$ 3,174,000,000.00 equivalent to R$ 0.608246495 per outstanding common or preferred share, in the form of interest on capital.

The values were obtained from the conversion of the US dollar value into Brazilian reais using the exchange rate for the sale of US dollar (Ptax - option 5 code), as informed by the Central Bank of Brazil on April 12, 2011, of R$ 1.5870 per US dollar, as announced on January 31,2011.

2. The payment will be made from April 29, 2011 onwards. The holders of American Depositary Receipts (ADRs) and Hong Kong Depositary Receipts (HDRs) will receive the payment through JP Morgan, the depositary agent for the ADRs and HDRs, on May 6 and 9, 2011, respectively. A withholding income tax will be levied on the amount distributed as interest on capital, in accordance with Brazil's tax code.

3. The record date for the owners of shares traded on the BM&F Bovespa is April 13, 2011. The record date for the holders of ADRs traded on the New York Stock Exchange (NYSE) and Euronext Paris is April 18, 2011 and for the holders of HDRs traded on the Hong Kong Stock Exchange (HKEx) is at the close of business in Hong Kong on April 20, 2011. All shareholders on these respective record dates will have the right to the dividend payment.

4. Vale shares will start trading ex-dividend on BM&F Bovespa , NYSE and Euronext Paris as of April 14, 2011, and on HKEx as of April 19,2011.

[mickefett]

Vale Mining Continues Expansion into Cobalt Markets
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Thu, Apr 14, 2011
Cobalt Articles, Feature Articles

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By Damon van der Linde – Exclusive to Cobalt Investing News

Brazilian mining giant Vale (NYSE:VALE) has just acquired the South African-based Metorex, a producer of copper and cobalt, with operations in the African copperbelt of Zambia and the Democratic Republic of Congo. The takeover is the latest in a series of high-profile moves into Africa by firms in Brazil, a nation emerging as a giant in the mining market.

On April 8, Vale announced that it has agreed to the terms of an offer to acquire Metorex for the amount of 7.35 South African Rands per share, totaling ZAR 7,524 million on a fully diluted basis, which is equivalent about to US $1.125 million.

Vale’s price is too low, considering the “limited number” of available copper producers, said Peter Yandle, a spokesman for London-based Fidelity, which manages about $246 billion of assets and owns 2.4 percent of Metorex, in an article with Business Day.

Metorex CEO Terence Goodlace responded by e-mailed to questions submitted by Reuters, saying:

“If there are other serious and ‘firm’ offers for Metorex, the company has a duty to consider them and will of course consider any such offers in the best interests of its shareholders.”

Vale was contacted by Cobalt Investing News for an interview, but the Department of Corporate Communications and Press said they do not have a spokesperson to talk about the Metorex bid at the moment.

Metorex has two operating mines, Chibuluma located in Zambia, in which it holds an 85 percent interest, and Ruashi in the DRC, in which it holds a 75 percent interest. The Ruashi operation has an estimated 4,500 metric tons per year of cobalt, based on proven and probable reserves. In 2010, Metorex produced 51,569 metric tons of copper and 3,622 metric tons of cobalt. In addition, Metorex has three projects in the DRC, one in the development phase and two in the exploration phase.

Vale already owns two nearby Central African copper and cobalt projects – Konkola North under development in Zambia and Kalumines under feasibility study in the DRC.

Vale has mining operations on every continent and in addition to being the second-largest mining company in the world, is also the largest producer of iron ore, and the second largest producer of nickel.

Last year Vale announced its plans to boost copper output by 45 percent, up to 1 million tons by 2015, as it seeks to diversify away from iron ore and into other markets.

Currently, Vale recovers cobalt as a by-product of nickel operations in Canada. In 2008, it produced 1472 metric tons of cobalt metal at it Port Colborne, ON refinery and 728 metric tons of cobalt hydrate at the nickel operations in Thompson, ON.
inShare

[mickefett]

21.04.2011 - 13:07 Uhr von Janne Joerg Kipp
Spezialaktie Vale beteiligt Sie zum Frühjahr 2011 am Rohstoffboom
Lupen-Symbol

Ist spezialisiert auf Fundamentalanalysen - Chefanalyst Andreas Dröge vom Research-Team für "Strategisches Investieren". Aktien wie "Vale" stehen ganz oben - auch bei uns.

Das Schwellenland Brasilien hält zahlreiche Chancen bereit. Am eindrucksvollsten jedoch sind Unternehmen und Branchen, die wir Ihnen für 2011 bereits empfohlen haben. Diese Empfehlung jedoch wiederholen wir als "Ostergeschenk" 2011.
Vale: Niedriges Kurs-Gewinn-Verhältnis

Der Rohstoffkonzern Vale hat, wie berichtet, 2011 immer noch ein niedriges KGV (Kurs-Gewinn-Verhältnis) von weniger als 8. Je nachdem, welche Gewinne Sie zugrundelegen, kann das KGV sogar auf weniger als 7,5 rutschen. Ein klares Investment.

Vale fördert und verarbeitet genau die Rohstoffe, die jetzt stark gefragt sind. Unter anderem Kupfer ist einer der Hauptumsatzträger.
Kupfer und Co direkt in Förderung und Vertrieb

Näher können Sie am Konjunkturaufschwung kaum sein. 2011 wird das Jahr des "zarten" internationalen Aufschwungs.

Vale ist an deutschen Börsen handelbar. Ihr Vorteil: Sie können den Wert jederzeit liquidieren.

GeVestor.de meint: Vale ist und bleibt ein hervorragendes Investment. Nutzen Sie den Osterhandel mit schwächeren Umsätzen, um mit einem guten Limit an die Aktie zu kommen.

[mickefett]

Vale approves the acquisition of a stake in Belo Monte

Rio de Janeiro, April 28, 2011 - Vale S.A. (Vale) informs that the Board of Directors has approved the acquisition of up to 9% of Norte Energia S.A. (NESA), which is currently held by Gaia Energia e Participações S.A. (Gaia), subject to certain conditions. NESA was established with the sole purpose of implementing, operating and exploring of the Belo Monte hydroelectric plant.



Vale will reimburse Gaia for their capital invested into NESA and will assume future capital investment commitments related to the acquired stake, which are estimated at R$ 2.3 billion, equivalent to US$ 1.4 billion, converted at the BRL/USD average exchange rate for the last 30 days.



Vale is a major consumer of electricity and invests in power generation assets according to its consumption needs, seeking to permanently reduce operational costs and to minimize price and supply risks. To this effect, Vale invested in power generation in Brazil and other countries for the last eleven years. Likewise, Vale is a shareholder of nine hydroelectric plants in Brazil and owns three plants in Indonesia. In addition, the Estreito plant, in Brazil, recently started generating power and the Karebbe plant, in Indonesia, is in the final phase of construction and is expected to start production this year. We also own four small hydroelectric plants in Brazil and five others in Canada. As a result, 45% of Vale's global energy consumption is satisfied by its own power generation.



As a consequence of significant mining investments in Brazil - especially in iron ore, pellets, nickel, copper and fertilizers - our electricity consumption will expand considerably in the next few years, which will increase the imbalance between our demand and supply through self-generation. The acquisition of a stake in the Belo Monte project will increase the percentage of our energy consumption that is met by our own power generation and will reduce the marginal cost of energy for Vale, as the price of energy to be bought from NESA will be lower than the alternative cost, which is given by the market price plus charges. In this way, Vale's expected return from the Belo Monte investment is higher than our capital cost and in line with the estimate made when Vale participated in the auction process. In addition, the investment contributes to mitigate the risks associated to energy supply for our operations in Brazil.


Roger Agnelli, Vale's Chief Executive Officer has commented that "the acquisition of a stake in the Belo Monte project is consistent with our growth strategy, contributes to Vale's energy security and creates significant value for our shareholders as a self-producer".

[mickefett]

Vale approves expansion of Samarco

Rio de Janeiro, April 29, 2011 - Vale S.A. (Vale) informs that its Board of Directors has approved Samarco's fourth pellet plant project.



The project encompasses the construction of a fourth pellet plant with capacity of 8.3 Mtpy, increasing Samarco's iron ore pellets capacity to 30.5 Mtpy, the enlargement of the Ponta Ubu maritime terminal in the state of Espírito Santo, Brazil, and of mining and processing capacity at the Germano mine, in the state of Minas Gerais, Brazil, and a third line of the 396-kilometer iron ore pipeline linking the mine to the pellet plant. The start-up is scheduled for the first half of 2014 and the total investment is estimated at US$ 3.0 billion1, which is not part of Vale's own capital expenditures program.



The third line of the slurry pipeline will add 20 Mtpy to the current capacity, which will not only provide transportation for the project but will leave room for further expansions. All installation licenses required to proceed with the project implementation were already granted by the competent government authorities.



1 Capex estimate based on Vale´s assumptions, including the evolution of the BRL/USD exchange rate. Vale has a 50% interest in Samarco, with the remaining 50% held by BHP Billiton

[mickefett]

Von: Vale Investor Relations <[e-mail]> An: KARSTEN LUDWIG<[e-mail]>
Kopie:
Empfangen: Fr 06 Mai 2011 00:08:09 CEST

Betreff: Performance of Vale in 1Q11

Performance of Vale in 1Q11

A ROBUST PERFORMANCE

Rio de Janeiro, May 5, 2011 - Vale S.A. (Vale) reports a solid performance in the first quarter of 2011 (1Q11). This is the result of the execution of our strategy of expanding production primarily through organic growth, developing world-class assets anchored on the optimization of capital allocation, against a backdrop of a strong global demand for minerals and metals.

Operational and financial performance for the first quarter of each year tend to be weaker in the face of weather related events which impart a downward bias to production and sales.

Specifically compared to 1Q10, Vale has improved its operational performance in almost all products, such as iron ore, pellets, manganese, ferroalloys, coal, nickel, copper and cobalt, allowing us to continue to benefit from the benign global environment. After excluding the impact of a non-recurring capital gain of US$ 1.5 billion, financial performance was the best ever for a first quarter.

Vale returned US$ 1 billion to shareholders as extraordinary dividend, equal to US$ 0.1916 per share, paid on January 31, 2011. The first tranche of the minimum dividend for 2011 of US$ 4.0 billion, equal to US$ 2.0 billion or US$ 0.3833 per share, was paid on April 29, 2011.

We delivered one of the four projects scheduled to start operations in 2011, the hydroelectric power plant of Estreito, in Brazil. The first of the nineteen very large ore carriers (the Valemax class of ship) ordered from Asian shipyards, named "Vale Brasil", was delivered. The operation of these vessels will cause a permanent reduction in the costs of shipping iron ore from Brazil to Asia, leveraging our competitiveness. Three other projects are expected to come on stream this year: Moatize (coal), Karebbe (energy) and Salobo (copper).

The main highlights of Vale's performance were:

* Operating revenues of US$ 13.548 billion in 1Q11, the highest level for a first quarter.
* Operating income, as measured by adjusted EBIT (earnings before interest and taxes), reached a record mark of US$ 7.969 billion. After excluding the non-recurring gain, the adjusted EBIT of US$ 6.456 billion is the highest for a first quarter.
* EBIT margin, after excluding the non-recurring gain, reached 48.9%, the highest for a first quarter.
* Record net earnings of US$ 6.826 billion, equal to US$ 1.29 per share on a fully diluted basis, 13.1% higher than US$ 6.038 billion, the previous record in 3Q10. Even after excluding the non-recurring gain stemming from the transaction with aluminum assets, 1Q11 earnings are the highest for a first quarter.
* Record cash generation, as measured by adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of US$ 9.176 billion in 1Q11, 3.5% up from previous record in 4Q10. Excluding the non-recurring gain, the adjusted EBITDA of US$ 7.663 billion is also the highest for a first quarter.
* Sales of ferrous minerals products - iron ore, pellets, manganese and ferroalloys - of US$ 9.365 billion in 1Q11, show the highest figure for a first quarter.
* A strong balance sheet, supported by large cash holdings of US$ 11.8 billion, low debt leverage, measured by total debt/LTM adjusted EBITDA, equal to 0.73x, and long average debt maturity, of 10.1 years.

[mickefett]

Nickel Prices Falling on Weak Demand
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Wed, May 18, 2011
Feature Articles

By Michael Montgomery—Exclusive to Nickel Investing News

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Nickel prices on the London Metals Exchange have been falling since March when the metal hit a high of approximately $29,000 per tonne. Since that high point prices have been in a steady decline down to $24,405 per tonne as of May 17th. Several factors at play in this down turn may not be alleviated anytime soon. Due to the increasing use of substitutes for nickel in steel production, as well as new, large scale nickel production, a surplus may develop in 2011.

Approximately 60 percent of the demand for nickel is used in stainless steel. Demand for stainless steel has weakened slightly from the double digit growth seen in China over the last few years, while substitutes for nickel in China have grown. Seeking cheaper production costs, China has increased its production of nickel pig iron (NPI). As a result, China will continue to reduce imports of refined nickel over the next few years.

“China, the world’s leading nickel consuming nation, is expected to produce more than 200,000 tonnes of nickel in the form of nickel pig iron, or NPI, this year, compared to 160,000-170,000 tonnes last year,” stated the report from the Economic Times.

China is also seeking to eliminate small production facilities, replacing them with larger, yet more energy efficient plants. This could result in NPI output increasing to nearly 1 million tonnes by 2013 if the currently planned operations are built. This cheaper substitute plays into the supply and demand fundamentals that are controlling the nickel market currently.

Driven by higher prices nickel producers have increased production at existing mines, and some major players have opened new nickel plants worldwide.

While stainless steel demand has grown, nickel is likely to be in surplus in 2011 and beyond. Demand for nickel is set to “rise 7.7% to 1.58 million tonnes this year, while supply growth is expected at 10.1%, leaving the market with a supply surplus of 10,000 tonnes,” reported Yue Li, for Dow Jones Newswires. This surplus is not likely to be alleviated in the short term as new large nickel operations are coming online.

One new operation from is from mining giant Vale SA. The operation is Brazil’s first nickel production plant, slated to be one of the largest ferronickel plants in the world. Vale has stated that annual production from this facility could reach 220,000 tons of ferronickel, containing 53,000 tons of nickel.

There are positive factors that could mitigate the oversupply of nickel. Japan will soon have to rebuild and retrofit the areas affected by the earthquake and subsequent tsunami. Automotive production in Japan slowed after the quake, but should return to normal output levels. The rebuilding efforts in japan should require a large amount of steel, and therefore put upward pressure on nickel demand.

Worldwide steel demand is still set to grow as western economies improve. Growth for steel demand in Europe and the United States is expected to grow by 4.1 and 6 percent respectively. China and India continue to urbanize albeit at a slower pace than the double digit figure over the last few years. This urbanization of China and India should increase the automotive demand, a large consumer of stainless steel. With new production of nickel coming online, only robust steel demand will consume the expected surplus, especially if manufactures seek nickel pig iron as a substitute.

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Vale announces Murilo Ferreira as Chief Executive Officer

Rio de Janeiro, May 19, 2011 - Vale S.A. (Vale) informs that its Board of Directors approved, at the extraordinary meeting held today, the nomination of Murilo Pinto de Oliveira Ferreira to succeed Roger Agnelli as Vale's Chief Executive Officer (CEO), starting on May 22, 2011, at the conclusion of Mr. Agnelli's term.

Murilo Ferreira, 58 years old, has a degree in Business Administration from Fundação Getúlio Vargas (FGV) in São Paulo, a post-graduate degree in Business Administration and Finance from FGV in Rio de Janeiro, and an executive education program in M&A at the IMD, Lausanne, Switzerland. Murilo has more than 30 years of experience in the mining industry. He begun to work for Vale in 1998 as Director of Vale do Rio Doce Alumínio - Aluvale, acting in several senior management positions until his leave in 2008, when he was Chief Executive Officer of Vale Inco (currently Vale Canada) and Executive Director of Nickel and Base Metals Sales of Vale.

Vale informs, additionally, that in the minutes of the same extraordinary meeting, the Board of Directors reiterated its appreciation of Roger Agnelli for his successful performance as CEO of Vale during the last ten years, contributing to reach the prominent position Vale enjoys today around the world.

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Vale announces a proposal for a public offer to buy shares of Vale Fertilizantes

Rio de Janeiro, June 22, 2011 - Vale S.A. (Vale) announces that, as a result of the studies to choose the best option of corporate structure for its fertilizer assets, the Executive Board has decided to submit to the Board of Directors a proposal for a public offer to acquire up to 100% of the free float of its subsidiary Vale Fertilizantes S.A. (Vale Fertilizantes), a company listed on the BM&FBovespa. The next step will be to take Vale Fertilizantes private. Therefore, Vale is not considering an eventual listing of a subsidiary holding its fertilizer assets.

The free float of Vale Fertilizantes represents 15.66% of its total capital, with the common shares owned by minority shareholders representing 0.09% of total common shares while the preferred shares account for 31.77% of total preferred shares issued by Vale Fertilizantes.

The public offer to acquire shares involves a cash price of R$ 25.00 per share, for both the common and preferred shares, amounting to a total disbursement by Vale of up to R$ 2.22 billion (equivalent to US$ 1.39 billion at the BRL/USD exchange rate of 1.5910 for June 21, 2011). The price of R$ 25.00 per share implies a 41% premium over the average price of preferred shares traded in the last 20 trading days on the BM&FBovespa.

The proposal will be submitted to the Board of Directors in its meeting of Thursday, June 30, 2011. If it is approved, Vale will request the filing of the public offer with the Comissão de Valores Mobiliários (CVM), Brazil's securities commission.

The proposal is a good opportunity for the minority shareholders of Vale Fertilizantes to monetize their shares. At the same time, it is aligned with Vale's strategy to maximize shareholder value by consolidating the fertilizer assets in order to capture the existing synergies within Vale´s asset portfolio and ensuring the same high standards of corporate governance followed by Vale for all its assets and subsidiaries.

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Vale announces the release date for 2Q11 results

Rio de Janeiro, June 29, 2011 - Vale S.A. (Vale) will release its 2Q11 results on Thursday, July 28, 2011, after markets closing. Due to the different time zones, for Hong Kong 2Q11 results will be released on Friday, July 29, before markets opening.

Vale will release simultaneously consolidated financial statements in US GAAP (generally accepted accounting principles in the United States) and BR GAAP/IFRS (generally accepted accounting principles in Brazil).

Vale will host a conference call and webcast on Friday, July 29, 12:00 p.m. Rio de Janeiro time, 11:00 a.m. US Eastern Daylight Time, 4:00 p.m. British Standard Time, and 11:00 p.m. Hong Kong time.

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Zwar nicht Vale, aber Rio Tinto ist gewinnmäßig wohl in ähnlicher Lage:

Rio Tinto gnadenlos günstig

30.06.11 11:05
FOCUS-MONEY

München (aktiencheck.de AG) - Für die Experten des Anlegermagazins "FOCUS-MONEY" ist der Rohstoffriese Rio Tinto PLC (ISIN GB0007188757 / WKN 852147) eine Geldmaschine, die es an der Börse mit einem Rabatt von über 30 Prozent zu kaufen gebe.

Auch ohne olympischen Wettbewerb seien die Erträge des britisch-australischen Rohstoffkonzerns reif fürs Siegertreppchen. 122 Prozent mehr als im Vorjahr habe Rio Tinto in 2010 verdient, netto rund 10 Mrd. EUR. Das Ertragswachstum würde sich auch in 2011 fortsetzen, solle um mindestens ein Drittel steigen und die Bestmarke aus dem Jahr 2010 übertreffen.

Trotz einer fast Vervierfachung des Aktienkurses seit 2009 sei Rio Tinto nach einer Studie der Citigroup noch immer das günstigste große Bergbauunternehmen der Welt. 44 Prozent über dem aktuellen Kurs oder bei knapp 68 EUR müsse die Aktie, bezogen auf das Durchschnitts-KGV (9,9) der letzten sechs Jahre, stehen. Aktuell würde das KGV auf Basis der Ergebnisschätzungen für 2011 bei 6,8 liegen.

Die Unterbewertung könne fundamental nicht begründet werden. Rio Tinto sei nach BHP Billiton (ISIN GB0000566504 / WKN 908101) der weltweit zweitgrößte Eisenerzförderer und habe 2010 zwei Drittel des Gewinns mit Eisenerz erwirtschaftet. Die Nachfrage nach Eisenerz, Rohstoff für Stahlträger, Eisenbahnschienen, Autos oder auch Töpfe, solle bis 2014 um 12% steigen. China bleibe die nächsten Jahre größter Abnehmer (bis 2025 benötige China etwa 50.000 neue Hochhäuser) und habe rund 28% zum Konzernumsatz beigesteuert.

Massiver Kapazitätsausbau bei Rio Tinto sei somit kein Wunder. Ab dem ersten Halbjahr 2015, ein halbes Jahr früher als geplant, wolle das Unternehmen 333 Mio. Tonnen Eisenerz in der Region Pilbara in Westaustralien fördern und würde dafür umgerechnet 474 Mio. EUR in diese Region pumpen. Der Ausbau sei Teil des Programms, die Kapazität in Pilbara bis 2015 um 50% zu steigern.

Eine ausgeglichen Nachfrage und Angebot am Eisenerzmarkt bis 2014 sei das Ergebnis einer Berechnung der Experten der Citigroup. Auf kurze Sicht dürfte die starke saisonale Nachfrage zu Preissteigerungen von derzeit rund 175 USD/t wieder auf 190 USD/t führen. "Rio Tinto ist stark von den Rohstoffpreisen abhängig", habe Matthias Müller, Analyst bei der Credit Suisse, gesagt. Kletternde Preise - mehr Gewinn, das sei im Moment ein glänzendes Geschäft, denn die derzeitigen Weltmarktpreise von Eisenerz würden die Produktionskosten der Bergbauunternehmen um das Fünffache übersteigen.

Neben Eisenerz befänden sich im Portfolio von Rio Tinto nach Ansicht der Experten von "FOCUS-MONEY" weitere Preistreiber, wie beispielsweise Kupfer. Der Kupferpreis habe sich seit 2009 fast verdreifacht und Experten würden weitere Steigerungen erwarten. Müller (CS) habe gelobt, dass das Unternehmen nicht nur gut positioniert sei, sondern auch einige Wachstumsprojekte betreibe, wie im Bereich Kupfer in der Mongolei, Peru und Arizona. Die Thermalkohleproduktion zur Stromerzeugung wolle der Konzern bis 2015 um 70% steigern.

Wachstum habe der Konzern auch durch Zukäufe generiert. Nachdem Rio Tinto in 2007 den bis dahin drittgrößten Aluminiumproduzenten Alcan geschluckt habe, habe dieser Bereich in 2010 bereits sechs Prozent des Gewinns ausgemacht. Zudem habe Rio Tinto vor Kurzem den Anteil an Riversdale (ISIN AU000000RIV6 / WKN A0B77U), die vor allem Kohle in Afrika abbauen würden, auf 99,7% aufgestockt.

Die Basis für künftige Erträge sei, bei der Annahme eines Weltwirtschaftswachstums in den kommenden Jahren von 4,6% p.a., gelegt. Der Cashflow sei 2010 um 70% auf rund 16 Mrd. EUR geklettert, wobei der Konzern parallel die Nettoverschuldung von 13 auf 3 Mrd. EUR gesenkt habe. Analyst Müller habe dazu erklärt: "Die großen Minenunternehmen haben vom Rohstoffboom profitiert und sind jetzt nahezu schuldenfrei".

Für die Experten von "FOCUS-MONEY" sei es nur eine Frage der Zeit, wann sich die Aktie von Rio Tinto wieder an das historische KGV anpasse. Zudem wolle das Unternehmen bis 2012 Aktien im Wert von 3,5 Mrd. EUR zurückkaufen. (Ausgabe 27) (30.06.2011/ac/a/a)


Offenlegung von möglichen Interessenskonflikten:

Mögliche Interessenskonflikte können Sie auf der Site des Erstellers/ der Quelle der Analyse einsehen.

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Vale announces share buy-back program

Rio de Janeiro, June 30, 2011 - Vale SA (Vale) announces that its Board of Directors has approved today a proposal from the Executive Board to establish a share buy-back program for common and preferred class A shares and their respective American Depositary Receipts. The buyback is limited to a maximum of US$ 3.0 billion. The shares repurchased by Vale will be cancelled after the expiration of the program.

The program includes the buyback of up to 84,814,902 common shares and 102,231,122 preferred shares, representing up to 5.9% of the total number of shares outstanding (free float), based on the shareholding position of May 31, 2011. The program will be executed during a period involving up to 180 days, extended from May 31, 2011 to November 25, 2011.

The strong cash flow and the positive outlook for our operational and financial performance give support to the financing of a large volume of investments, focused on the exploitation of multiple organic growth opportunities and anchored in rigorous discipline in capital allocation, allowing Vale to maintain simultaneously a healthy balance sheet, with a low-risk debt portfolio. The share repurchase is an important tool for returning capital to shareholders, helping to improve the capital allocation and hence maximizing shareholders' value.

The buy-back program complies with Brazilian capital markets regulation and it will be executed on stock exchanges at market prices through the following financial institutions:

a) Bradesco S.A. CTVM - 72 (Matriz), Avenida Paulista, 1450 - 7° andar, São Paulo/SP, CEP: 01310-100,
b) Itaú CV S.A. - 114 (Matriz), Avenida Brigadeiro Faria Lima, 3400 - 10° andar, São Paulo/SP, 04538-132
c) Ágora CTVM S.A. - 39 (Matriz), Praia de Botafogo, 300 - 6° andar, Rio de Janeiro/RJ, CEP: 22250-040
d) Fator S.A. CV - 131 (Matriz), Rua Doutor Renato Paes de Barros, 1017 - 11° e 12° andares, São Paulo/SP, CEP: 04530-001
e) Credit Suisse Brasil S.A. CTVM - 45 (Matriz), Avenida Brigadeiro Faria Lima 3064, 13º andar, São Paulo/SP, CEP: 01451-000
f) Santander CCVM S.A. - 27 (Matriz), Avenida Presidente Juscelino Kubitschek, 2041, 2235 - 24º andar, São Paulo/SP, CEP: 04543-011
g) J. P. Morgan CCVM S.A. - 16 (Matriz), Avenida Brigadeiro Faria Lima 3729, 13º andar, São Paulo/SP, CEP: 04538-905

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Vale agrees to terminate the agreement to acquire assets in the African copperbelt


Rio de Janeiro, July 11, 2011 - Vale S.A. (Vale) announces that it has agreed to the request by Metorex Limited (Metorex) to terminate the agreement in relation to the previously announced offer to acquire the total share capital of Metorex, subject to Metorex paying the agreed break up fee. Vale has no intention to match the terms of the recently announced offer for Metorex.

The decision is consistent with Vale's rigorous discipline in capital allocation, which is one of the pillars of our strategy to create shareholder value on a sustainable basis. Vale's commitments in the resource-rich African continent continue to advance. Vale is currently in the final stages of the Moatize coal project in Mozambique, implementing the first phase of Simandou iron ore project in Guinea, and investing in two copper projects¹ - Konkola North under development in Zambia and Kalumines under feasibility study in the DRC.

Vale continues to pursue its strategy to become a leading global player in the copper business, focusing on the significant growth opportunities in the portfolio. In addition to the projects in Africa, Vale is implementing the first phase of the Salobo copper mine in the Carajás mineral province in the state of Pará, Brazil, with an annual nominal capacity of 100,000 metric tons of copper in concentrates.

¹ The Konkola North and Kalumines projects are part of our joint venture with African Rainbow Minerals Limited (ARM).


--------------------------------------------------------------------------------

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Vale signs agreement to exploit the concession of a maritime terminal


Rio de Janeiro, July 14, 2011 - Vale S.A. (Vale) announces that it has signed an agreement to form a joint venture with its subsidiary Vale Fertilizantes S.A. to exploit the concession of the maritime terminal, Terminal Ultrafertil (TUF), located near Santos, in the coastal area of the state of São Paulo. The maritime terminal handles imported cargo such as sulfur, ammonia and fertilizers in general, being strategically linked to Vale's railway system.

Vale will pay R$ 150 million (US$ 95 million) for the acquisition of 51% of the joint venture and will invest R$ 432 million (US$ 274 million) to finance the investment program of TUF.

The joint venture positions Vale to meet the growth of agribusiness in Brazil, while contributing to enhance the logistics infrastructure for our fertilizer business paving the way for its expansion over the next few years. Therefore, we expect this transaction to create significant value for our shareholders.

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Vale proposes additional dividend


Rio de Janeiro, July 28, 2011 - Vale S.A. (Vale) informs that its Executive Board has approved and will submit to the Board of Directors the proposal for payment of an additional dividend to shareholders amounting to US$ 3 billion, equivalent to US$ 0.574902169 per outstanding common or preferred share as of June 30, 2011 (5,218,279,144).

The proposal will be submitted for approval to the Board of Directors in the meeting scheduled for August 11, 2011 and, if approved, the payment will be made on August 26, 2011. The amount in Brazilian Reais will be calculated using the Brazilian Real/US dollar exchange rate (Ptax-Option 5) published by the Central Bank of Brazil on August 10, 2011. All investors who hold Vale shares at the record dates will have the right to the dividend payment. The record date for the owners of shares traded on the BM&FBovespa is August 11, 2011. The record date for the holders of ADRs traded on the New York Stock Exchange (NYSE) and Euronext Paris is August 16, 2011 Eastern Standard Time and for the holders of HDRs traded on the Hong Kong Stock Exchange (HKEx) is at the close of business in Hong Kong on August 16, 2011.

Vale shares will start trading ex-dividend on BM&F Bovespa, NYSE and Euronext Paris as of August 12, 2011 and on HKEx as of August 15, 2011.

The strategic rationale

The approval of this proposal by our Board of Directors along with other decisions taken so far will imply in a record return of cash to shareholders in 2011, including dividend payment and a share buyback, which demonstrates Vale's commitment to the optimization of capital allocation.

Vale's strong cash generation and its excellent performance perspectives allow the financing of growth opportunities and the return of capital to shareholders while maintaining a healthy balance sheet, contributing to the creation of shareholder value.

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Performance of Vale in 2Q11


A SUPERB PERFORMANCE

Rio de Janeiro, July 28, 2011 - Vale S.A. (Vale) reports a superb performance in the second quarter of 2011 (2Q11), which reflects our superior asset quality in a global environment of strong demand and high prices of minerals and metals.

Our 2Q11 operational and financial performance demonstrates a significant improvement when compared to the previous quarter, and has generated a positive momentum. Given the normalization of our existing operations and the successful ramp up of projects recently delivered against a backdrop of benign seasonal and cyclical factors, we are positioned to obtain even further improvements in Vale's performance.

Revenues and cash generation reached all-time high levels, while operating income, operating margin and net earnings were the highest for a second quarter.

The strong cash generation allows Vale to deal successfully with the trilemma faced by growth companies, which is to satisfy simultaneously the demand for financing investment opportunities, maintain a sound balance sheet and return excess free cash flow to shareholders.

The commitment to discipline in capital allocation and shareholder value creation was evidenced once again by decisions made up to now to return to shareholders a record amount of cash in 2011. The Board of Directors has approved a buyback program of up US$ 3.0 billion to be concluded until November 25th, 2011. In addition to the US$ 3.0 billion already paid in 1H11 and a minimum of US$ 2.0 billion to be approved and paid in October, we announced today a proposal by Vale's Executive Directors to the Board of Directors to distribute US$ 3.0 billion as an additional dividend. By the same token, our senior management decided for the termination of a deal to acquire African copper assets.

As a consequence of a Brazilian court decision in a case related to the exemption of Social Contribution tax ("Contribuição Social sobre o Lucro Liquido"), at a rate of 9% on earnings generated from exports, on July 29, 2011, Vale will make a payment of R$ 5.83 billion, equivalent to approximately US$ 3.8 billion, corresponding to the tax obligation due. There will be no impact on net earnings as the value of the tax payment was already provisioned in our books.

The main highlights of Vale's performance in 2Q11 were:
•Record operating revenues of US$ 15.345 billion in 2Q11, the highest quarterly result in Vale's history.
•Operating income, as measured by adjusted EBIT (earnings before interest and taxes) (a), reached US$ 7.747 billion, being the highest for a second quarter.
•EBIT margin reached 51.7%, up from 48.9%, in 1Q11, the highest for a second quarter.
•Net earnings of US$ 6.452 billion, equal to US$ 1.22 per share on a fully diluted basis, 74.1% higher than 2Q10, a record figure for a second quarter.
•Record cash generation, as measured by adjusted EBITDA(b) (earnings before interest, taxes, depreciation and amortization) of US$ 9.069 billion. The last 12-month adjusted EBITDA of US$ 35.929 billion also reached a new all-time high mark.
•Record sales of bulk materials - iron ore, pellets, manganese, ferroalloys and metallurgical and thermal coal - of US$ 11.681 billion in 2Q11, 22.7% above 1Q11.
•Investments reached US$ 4.0 billion, with US$ 3.1 billion spent on project execution and R&D.
•Large cash holdings of US$ 13.2 billion, supporting a healthy balance sheet with low debt leverage, measured by total debt/LTM adjusted EBITDA, equal to 0.68x, and long average debt maturity, of 9.8 years.

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Vale pays dividend to shareholders


Rio de Janeiro, August 11, 2011 - Vale S.A. (Vale) informs that its Board of Directors approved today the payment of the additional dividend to Vale's shareholders amounting to US$ 3 billion (R$ 4,854,900,000.00), equivalent to US$ 0.576780063 (R$ 0.933403176) per outstanding share.

The decision of our Board of Directors in addition to other decisions taken so far implies a record breaking return of cash to shareholders in 2011, including payment of dividends/interest on shareholders' equity and share buyback, which shows Vale's very clear commitment to the optimization of capital allocation.

Our strong cash generation and its excellent performance perspectives allow the financing of growth opportunities and the return of capital to shareholders while maintaining a healthy balance sheet, contributing to the creation of shareholder value.


Form of payment

Payment of the additional dividend will be made as follows:

1. Distribution of R$ 4,854,900,000.00 equivalent to R$ 0.933403176 per outstanding common or preferred share, in the form of dividend, based on the number of shares on August 11, 2011 (5,201,289,353).

The values were obtained from the conversion of the US dollar value into Brazilian reais using the exchange rate for the sale of US dollar (Ptax - option 5 code), as informed by the Central Bank of Brazil on August 10, 2011, of R$ 1.6183 per US dollar, as announced on July 28,2011.

2. The payment will be made from August 26, 2011 onwards. The holders of American Depositary Receipts (ADRs) and Hong Kong Depositary Receipts (HDRs) will receive the payment through JP Morgan, the depositary agent for the ADRs and HDRs, on September 2 and 5, 2011, respectively.

3. All shareholders on these respective record dates will have the right to the dividend payment. The record date for the owners of shares traded on the BM&F Bovespa is August 11, 2011. The record date for the holders of ADRs traded on the New York Stock Exchange (NYSE) and Euronext Paris is August 16, 2011 and for the holders of HDRs traded on the Hong Kong Stock Exchange (HKEx) is at the close of business in Hong Kong on August 16, 2011.

4. Vale shares will start trading ex-dividend on BM&F Bovespa, NYSE and Euronext Paris as of August 12, 2011, and on HKEx as of August 15, 2011.


--------------------------------------------------------------------------------


For further information, please contact:
[phone]
Roberto Castello Branco: [e-mail]

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9/8/2011 19h14
Reuters
Brian Ellsworth and Sabrina Lorenzi
Interview - Iron ore market remains strong - Vale CEO

Brazilian mining giant Vale is not seeing any slowdown in the global iron ore market despite a growing crisis in Europe and a weak U.S. economy, Chief Executive Murilo Ferreira said in an interview on Thursday.

Ferreira told Reuters he expects prices to remain strong as
rising incomes and infrastructure spending in emerging markets,
particularly China, keep driving demand for the steel ingredient.

As president of the world's top iron producer, his comments
support the view that demand from China and other developing
nations is compensating for weakness in Western economies.

"Life continues as normal for us," said Ferreira during an interview at the Rio de Janeiro-based company's headquarters.
"That issue of the crisis in Europe and the United States has
until now not touched iron ore markets."

Ferreira said the company has not had to cancel any iron
ore shipments. He noted that spot market prices for iron ore have risen above $180 per tonne despite slipping in the wake of market turmoil that began in early August.

"China enacted various macroprudential measures and raised
interest rates three times -- and despite that, growth was
around 9.5 in the second quarter," he said, highlighting China's booming construction industry as a driver of demand.

He said the giant Carajas mine in northern Brazil will boost production to 140 million tonnes per year by 2013 from 100 million tonnes per year now, and to 230 million tonnes by 2015. Quarterly iron ore prices, based on average spot prices earlier in the year, should stay steady in the fourth quarter from the third quarter, Ferreira said.

The New Caledonia nickel project, formerly known as Goro, will begin producing finished nickel in the last quarter of 2011, Ferreira said, after technical problems left Vale producing an intermediate product.

The company has said its ambitious $24 billion investment plan originally slated for this year will not be completed until the end of the first quarter of 2012 due in large part to slow acquisition of environmental licenses.

"Vale's year will have 15 months instead of 12," Ferreira said. The firm is still completing its 2012 investment budget.

GOV'T TIES
Ferreira, 58, took his position in May after President Dilma Rousseff led a campaign to push out former CEO Roger Agnelli following complaints by government officials that Vale was not investing enough at home to build steel mills and help Brazil's economy.

Agnelli's ouster stoked concerns that investors' interests would lose out to those of the center-left government, which has boosted the state's role in key areas of the economy.

Though Vale is a private company, the state has influence through state development bank BNDES and state-linked pension
funds, which are important shareholders.

Investors applauded Ferreira's designation, but the company's stock is nonetheless down nearly 19 percent from highs in January, in part on concerns of state interference.

He said government leaders are pleased Vale is contributing
to Latin America's largest economy, but declined to confirm that relations with the government have thawed since Agnelli, a brash investment banker, pleased investors with hard-charging deal-making but struck state leaders as arrogant and aloof.

"Vale has a range of services that it offers Brazil, in helping the trade balance, in paying taxes, in the projects that it develops," Ferreira said.

"I'm convinced that the government is also happy with what's happening. Those occasional conflicts of the past cannot overshadow all of the benefits that Vale provides Brazil."

Ferreira has spent his first four months globe-trotting to Vale operations, meeting government leaders in Africa and chatting with workers at Carajas, where he watched thousands of workers as they changed shift after dawn last Saturday.

That contrasts with his previous job as partner at a hedge fund that was walking distance from his house. But Ferreira says he still finds time to get his work done and stay fit by maintaining firm discipline and insisting on punctuality despite Brazilians' penchant for being fashionably late.

Vale, the world's second-largest mining company and Brazil's second-largest firm by market capitalization, is a key stock for emerging market investors seeking to take advantage of strong commodities prices.

send to a friend print back

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8/25/2011 18h16
Business News Americas
BNAmericas.com
Vale to process 80Mt of tailings for revenues of US$4.5bn

Brazilian miner Vale (NYSE: VALE) will process 80Mt of iron ore waste from tailings dams in Minas Gerais state, paper Folha de S Paulo reported.

The company announced a plan to recover 31Mt of ore that has been lying for decades in eight tailings dams in the state. At a current international iron ore price of US$147.30/t, the project could bring in revenues of US$4.5bn, according to the report, which Vale published on its website.

Waste removal will start in 2013 with the extraction of 1Mt and the pace will increase in subsequent years.

The material contained in the tailings has an average grade of 35%, which will rise to 62% after processing. The end product will be sold as iron ore dust to be used in the sintered parts industry or converted into pellets for blast furnaces.

The recovery process will increase the longevity of Vale's tailing dams.

Rio de Janeiro-based Vale is the world's largest iron ore producer and exporter.

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Vale proposes payment of dividend to shareholders

Rio de Janeiro, September 26, 2011 - Vale S.A. (Vale) informs that its Executive Board has approved and will submit to the Board of Directors the proposal for payment of the second installment of the minimum dividend of US$ 2.0 billion, as publicly announced on January 31, 2011, and an additional dividend of US$ 1.0 billion. Thus, the proposal entails a distribution of US$ 3.0 billion to shareholders, equal to US$ 0.579472982 per common or preferred share in circulation, as of August 31, 2011 (5,177,117,992).



The proposal will be submitted for approval to the Board of Directors in the meeting scheduled for October 14, 2011 and, if approved, the payment of US$ 3.0 billion will be made on October 31, 2011. The amount in Brazilian reais will be computed using the Brazilian real/US dollar exchange rate (Ptax-Option 5) published by the Central Bank of Brazil on October 13, 2011.



Once the proposal is approved by the Board, all investors who hold Vale shares at the record dates will have the right to the dividend payment. The record date for the owners of shares traded on the BM&FBovespa is October 14, 2011. The record date for the holders of ADRs traded on the New York Stock Exchange (NYSE) and Euronext Paris is October 19, 2011 Eastern Standard Time and for the holders of HDRs traded on the Hong Kong Stock Exchange (HKEx) is at the close of the business day in Hong Kong on October 19, 2011.



Vale shares will be traded ex-dividend on BM&FBovespa, NYSE and Euronext Paris as of October 17, 2011 and on the HKEx as of October 18, 2011.



If the proposal is approved by the Board of Directors Vale will distribute to its shareholders US$ 9.0 billion in 2011 -including the extraordinary amount paid as of January 31, the first tranche of minimum dividend paid as of April 29 and the additional remuneration paid as of August 26 - which implies a relatively high dividend yield. The amount of US$ 9.0 billion is the largest ever distributed to shareholders and it is three times last year's US$ 3.0 billion.



In addition to the dividend distribution, there is an ongoing share buyback program of up to US$ 3.0 billion, expected to run until November 25, 2011. The return of cash to shareholders of up US$ 12.0 billion shows our commitment to the optimization of capital allocation and maximization of shareholders return.

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Vale announces the release date for 3Q11 results

Rio de Janeiro, September 27, 2011 - Vale S.A. (Vale) will release its 3Q11 results on Wednesday, October 26, 2011, after markets closing. Due to the different time zones, for Hong Kong 3Q11 results will be released on Thursday, October 27, before markets opening.



Vale will release simultaneously consolidated financial statements in US GAAP (generally accepted accounting principles in the United States) and BR GAAP/IFRS (generally accepted accounting principles in Brazil).



Vale will host two conference calls and webcasts on Thursday, October 27. The first, in Portuguese (non-translated), will begin at 10:00 a.m. Rio de Janeiro time. The second, in English, at 12:00 p.m. Rio de Janeiro time, 10:00 a.m. US Eastern Daylight Time, 3:00 p.m. British Standard Time, and 10:00 p.m. Hong Kong time.

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Expanding Iron Ore Supply Weighs on Price
email Email Print Print Copying
Wed, Sep 28, 2011
Feature Articles, Uncategorized
Post by Michael Montgomery, Resource Reporter

By Michael Montgomery—Exclusive to Iron Investing News

inShare

There is a growing rift between the major mining companies and investor forecasts for the future of iron ore prices. Investors are worried that a faltering economic recovery, a slowing Chinese economy coupled with increasing supply of iron ore will cause a drop in price. While mining companies, the likes of BHP Billiton (ASX:BHP), Rio Tinto (LON:RIO) and Vale SA (NYSE:VALE) are still confident that demand will remain high supporting prices through 2015.

Most analysts point to flattening demand from China, the world’s largest producer and consumer of steel as a major factor. Iron ore makes up the bulk of revenue for these major mining firms. However, the lack of investor confidence concerning the Chinese and global economy is affecting steel demand, and the share prices for iron ore mining firms are on a downward trajectory.

Iron Ore Supply Increases

The increased supply of iron ore will come from Brazil and Australia. For instance, BHP’s Pilabra projects in Western Australia are set to increase production dramatically over the next decade.

Ian Ashby, President of BHP’s iron ore division stated his company is “setting a long-term production target of 450 million tonnes of iron ore a year to full exploit the potential of his division’s assets.” He added that BHP is well positioned for a drop in prices as the company’s production costs remain below $40 per tonne.

Rio Tinto’s has targeted increasing production in the region to 433 million tonnes from an existing capacity of 225 million tonnes per year.

Price Outlook

The increase in supply, estimated to increase 53 percent by 2015 has prompted analysts to take a bearish outlook for iron ore prices, and consequentially the earnings potential for the mining firms.

“Global prices may fall 29 percent to an average $123 a metric ton in 2015 from a record $173 this year, according to the median estimates of 10 analysts surveyed by Bloomberg News. The survey also stated that reduced ore prices will cut the income of BHP and Vale as much as 50 percent by mid-decade.

However, the dramatic increases in supply have not changed the optimistic outlook of the mining companies.

Sam Walsh, head of Rio Tinto’s iron ore division recently commented on the demand for iron ore “They are still very good price and we are shipping flat out.” He added that he has had to smile at recent reports pointing to falling iron ore prices. Walsh also cited that the bulk of the new capacity will not come online until 2015, supporting prices over the next four years.

Analysts with Goldman Sachs expect the price for iron ore to remain high through 2013, only dropping as the new supply comes online. Standard Chartered shares this outlook, expecting prices remain high, over $180 in the same period. The bank stated the iron market to “move into balance in 2015, iron ore should average at $123/ton between 2018 and 2026,” said analyst Judy H. Zhu.

China Initiates Iron Ore Index

Chinese steel manufacturers have been unhappy with the changes to iron ore pricing instituted by the major mining firms. Last year, the companies changed the annually pricing system to a quarterly and even monthly system they said better reflected market conditions. This is a major issue in China because the country is reliant on foreign sources of ore, importing over 62 percent of its supply.

In an effort control iron ore prices in China, the country has started its own index that measures both domestically produced and imported iron ore. The index will be compiled by the China Iron and Steel Association (CISA), the China Chamber of Commerce of Metals, Minerals and Chemical Importers and Exporters, and the Metallurgical Mines’ Association of China. The import price data will be taken from 8 ports, domestic prices will include 14 iron producing provinces.

“Chinese analysts and experts welcomed the creation of the China Iron Ore Prices Index, noting the mechanism will more precisely reflect and forecast price movements and changes, including giving better information systems for steel businesses,” reported the International Business Times.

Currently the trade of iron ore is based on three indexes; The Steel Index, the Metal Bulletin Iron Ore Index, and the Platts Iron Ore Index. It is still unclear how long it will take the new Chinese index to gain acceptance on the international market. However, Chinese steel producers are hoping that it will help in negotiations for iron ore contracts.



I, Michael Montgomery, hold no positions in any of the companies mentioned in this article.

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Vale neues Kursziel

18.10.11 09:18
Barclays Capital

London (aktiencheck.de AG) - Leonardo Correa, Analyst von Barclays Capital, stuft die Aktie von Vale (ISIN BRVALEACNPA3 / WKN 897998) unverändert mit "overweight" ein. Das Kursziel werde bei 42,00 USD gesehen. (Analyse vom 17.10.2011) (18.10.2011/ac/a/a)

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Vale´s credit risk upgraded to A-


Rio de Janeiro, November 23, 2011 - Vale S.A. (Vale) informs that Standard & Poor´s (S&P) announced today its decision to upgrade Vale´s credit risk to A- from BBB+. Pursuant to the S&P credit risk rating scale, an A rating indicates strong capacity to meet financial commitments.



Chief Executive Officer Murilo Ferreira has commented: "We are happy to have the robustness of our performance and commitment to financial prudence being recognized. The rating upgrade is very important in light of the current environment of higher risk perception of macroeconomic risks and financial markets volatility".



Vale Chairman Ricardo Flores added that "The upgrading of Vale´s rating strengthens its competitiveness and capacity to create value for Brazil and its shareholders".



Vale received the investment grade-rating in July 2005 and since then its credit rating has been gradually upgraded. The minimization of the cost of capital is a permanent focus of our company. This goal is particularly important given the capital intensiveness of the mining industry, which requires investment of significant amount of resources to finance the maintenance of the existing operations, research and development and project execution.

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Trotz Volatilität in der ersten Jahreshälfte Rio Tinto – Eisenerzausblick von robuster Nachfrage geprägt


Autor: Björn Junker
| 21.02.2012, 13:42 | 29 Aufrufe | 0 |


Rio Tinto (WKN 852147), der zweitgrößte Eisenerzexporteur der Welt, rechnet mit volatilen Preisen für den zur Stahlherstellung verwendeten Rohstoff im ersten Halbjahr 2012. Die sich verlangsamende Nachfrage von chinesischen Hüttenwerken und die möglichen Auswirkungen der europäischen Schuldenkrise auf die Weltwirtschaft trüben nach Ansicht des Konzerns die Aussichten.

Man glaube, dass in den ersten sechs Monaten des laufenden Jahres eine Periode der Unsicherheit mit hoher Volatilität durchlaufen werde, bevor die Entwicklung in der zweiten Jahreshälfte 2012 ruhiger verlaufen werde, erklärte Sam Walsh, CEO der Eisenerz- und australischen Division des Konzerns. Viele Marktteilnehmer würden darauf warten, dass insbesondere die Krise in Europa gelöst werde, dass zu erkennen sei, wohin sich die Weltwirtschaft bewegen wird.

Der Preis für Eisenerz, der seit Beginn des Jahres um 2,3% gefallen ist, könnte weiter zurückgehen, bevor die Nachfrage im zweiten Halbjahr 2012 wieder anzieht, hatte Rios Konkurrent Anglo American bereits im Januar erklärt. China, der größte Stahlhersteller der Welt, habe seinen Jahresausstoß 2011 so langsam gesteigert wie in den letzten drei Jahren nicht. Einige Hüttenwerke hätten Einbrüche beim Jahresgewinn von mehr als 50% gemeldet. Daran sei zu erkennen, so Walsh, dass es Probleme gebe.

Und die Stahlproduzenten hätten auch ihre Lagerbestände nach Ende des chinesischen Neujahrsfestes nicht wie sonst üblich aufgestockt, da sie sich Sorgen machen würde, dass die Regierung die Stahl intensiven Behausungs- und Infrastrukturprojekte nicht im gleichen Ausmaß wie bisher unterstützen werde, erläuterten die Analysten der UBS AG in Sydney.

Vale SA, der größte Eisenerzproduzent der Welt, hatte in der vergangenen Woche gemeldet, dass der Gewinn des vierten Quartals um 21% gefallen war, womit man die Erwartungen der Analysten verfehlte. Als Grund für die negative Entwicklung führte der brasilianische Konzern die niedrigeren Preise und die auf Grund der Schuldenkrise gesunkenen Transporte nach Europa an. Vale erklärte, man rechne mit einem „engen“ markt für Eisenerz im laufenden Jahr – auf Grund der steigenden chinesischen Nachfrage und einer begrenzten Angebotsexpansion.

Rio Tintos Walsh erklärte, dass der Ausblick für Eisenerz von einer robusten Nachfrage geprägt sei, auch wenn es auf Grund der schwierigen Wirtschaftslage in Europa und den USA Grund zur Vorsicht gebe. Es sei ein Glück, dass China eine gelenkte Wirtschaft habe und die Regierung sich verpflichtet habe, in die Grundlagen für die Urbanisierung und Industrialisierung des Landes zu investieren. Walsh erwartet trotz des abnehmenden Wachstumstempos in China mit einer „sanften Landung“ der dortigen Wirtschaft mit rund 8% Wachstum im laufenden Jahr.

Daten von Bloomberg zeigen, dass Rio Tinto im vergangenen Jahr rund 78% seines Nettogewinns aus dem Geschäft mit Eisenerz machte. Das Unternehmen arbeitet derzeit daran, seinen Eisenerzausstoß in der australischen Pilbara-Region bis zum nächsten Jahr um mehr als 50% auf 283 Mio. Tonnen zu erhöhen.


Die hier angebotenen Artikel stellen keine Kauf- bzw. Verkaufsempfehlungen dar, weder explizit noch implizit sind sie als Zusicherung etwaiger Kursentwicklungen zu verstehen. Die GOLDINVEST Media GmbH und ihre Autoren schließen jede Haftung diesbezüglich aus. Die Artikel und Berichte dienen ausschließlich der Information der Leser und stellen keine wie immer geartete Handlungsaufforderung dar. Zwischen der GOLDINVEST Media GmbH und den Lesern dieser Artikel entsteht keinerlei Vertrags- und/oder Beratungsverhältnis, da sich unsere Artikel lediglich auf das jeweilige Unternehmen, nicht aber auf die Anlageentscheidung, beziehen. Wir weisen darauf hin, dass Partner, Autoren und Mitarbeiter der GOLDINVEST Media GmbH Aktien der jeweils angesprochenen Unternehmen halten oder halten können und somit ein möglicher Interessenkonflikt besteht. Wir können nicht ausschließen, dass andere Börsenbriefe, Medien oder Research-Firmen die von uns empfohlenen Werte im gleichen Zeitraum besprechen. Daher kann es in diesem Zeitraum zur symmetrischen Informations- und Meinungsgenerierung kommen.

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中文版

Vale pays first tranche of the 2012 dividend












Rio de Janeiro, April 13, 2012 – Vale S.A. (Vale) informs that its Board of Directors approved today the payment of the first installment of the 2012 dividend to shareholders amounting to US$ 3 billion (R$ 5,481,000,000.00), equivalent to US$ 0.588547644 (R$ 1.075276545) per outstanding common or preferred share (5,097,293,366).

Vale’s Executive Board proposal for the dividend to be paid to its shareholders in 2012, publicly disclosed on January 16, 2012, established a minimum amount for the year of US$ 6 billion, equivalent to US$ 1.177095354 per outstanding common or preferred share, to be paid in two installments, on April 30 and October 31, 2012. The dividend was proposed in accordance with Vale’s dividend policy.


Form of payment



Payment of the first tranche of the minimum dividend will be made as follows:

1. Distribution of R$ 5,481,000,000.00 equivalent to R$ 1.075276545 per outstanding common or preferred share (5,097,293,366), in the form of interest on capital.

The values were obtained from the conversion of the US dollar value into Brazilian reais using the exchange rate for the sale of US dollar (Ptax – option 5 code), as informed by the Central Bank of Brazil on April 12, 2012, of R$ 1.8270 per US dollar, as announced on January 16,2012.



2. The payment will be made from April 30, 2012 onwards. The holders of American Depositary Receipts (ADRs) and Hong Kong Depositary Receipts (HDRs) will receive the payment through JP Morgan, the depositary agent for the ADRs and HDRs, on May 7 and 8, 2012, respectively. A withholding income tax will be levied on the amount distributed as interest on capital, in accordance with Brazil’s tax code.



3. The record date for the owners of shares traded on the BM&F Bovespa is April 13, 2012. The record date for the holders of ADRs traded on the New York Stock Exchange (NYSE) and Euronext Paris is April 18, 2012 and for the holders of HDRs traded on the Hong Kong Stock Exchange (HKEx) is at the close of business in Hong Kong on April 18, 2011. All shareholders on these respective record dates will have the right to the dividend payment.



4. Vale shares will start trading ex-dividend on BM&F Bovespa , NYSE and Euronext Paris as of April 16, 2012, and on HKEx as of April 17,2012.







For further information, please contact:
[phone]

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Vale proposes payment of dividend to shareholders

Rio de Janeiro, October 1, 2012 – Vale S.A. (Vale) informs that its Executive Board has approved and will submit to the Board of Directors the proposal for payment of the second installment of the minimum dividend of US$ 3.0 billion, as publicly announced on January 16, 2012, equal to US$ 0.582142779 per common or preferred share in circulation, as of August 31, 2012 (5,153,374,926).

The proposal will be submitted for approval to the Board of Directors in the meeting scheduled for October 16, 2012 and, if approved, the payment of US$ 3.0 billion will be made on October 31, 2012. The amount in Brazilian reais will be computed using the Brazilian real/US dollar exchange rate (Ptax-Option 5) published by the Central Bank of Brazil on October 15, 2012.

Once the proposal is approved by the Board, all investors who hold Vale shares at the record dates will have the right to the dividend payment. The record date for the owners of shares traded on the BM&FBovespa is October 16, 2012. The record date for the holders of ADRs traded on the New York Stock Exchange (NYSE) and Euronext Paris is October 19, 2012 Eastern Standard Time and for the holders of HDRs traded on the Hong Kong Stock Exchange (HKEx) is at the close of the business day in Hong Kong on October 19, 2012.

Vale shares will be traded ex-dividend on BM&FBovespa, NYSE and Euronext Paris as of October 17, 2012 and on the HKEx as of October 18, 2012.

If the proposal is approved by the Board of Directors Vale will distribute to its shareholders US$ 6.0 billion in 2012 – including the first tranche of minimum dividend paid as of April 30.

For further information, please contact:

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FACING THE CHALLENGESRio de Janeiro, October 17, 2012 - Vale S.A. (Vale) delivered a solid operational performance in 3Q12, dealing successfully with a challenging environment through operational flexibility and our wealthy endowment of mineral resources. Production of iron ore in 3Q12 was 83.9 Mt¹, 4.2% above 2Q12, with gains in all mining sites. Over the last twelve-month period ended on September 30, 2012 output reached 317.4 Mt.Pre-stripping in the N5 South mine in Carajás was initiated in 1H12 and production is expected to start by the end of the year. It has over one billion metric tons in proven and probable reserves with an average Fe content of 67.1%. The mine will contribute to improve the quality of our iron ore supply in the coming years, thus enhancing one of our main competitive advantages in the global marketplace.As previously disclosed, we are reallocating an additional portion of our iron ore production from the pelletizing process to the supply of sinter feed. This is to come in line with the cyclical behavior of the demand for raw materials by the steel industry, which is for more sinter feed and less blast furnace pellets at this stage of the cycle.To implement the change, operations at the São Luís, Tubarão I and Tubarao II pellet plants are being temporarily halted.The ramp-up of Moatize and Bayóvar led to all-time quarterly output figures for metallurgical coal, at 1.2 Mt, and phosphate rock, 2.1 Mt. On October 4, the Lubambe operations - the Konkola North project - produced the first copper concentrate. It is located in the African Copperbelt, Zambia, and is our second project to start-up in the natural resources-rich African continent. The Lubambe operations, which are controlled by a 50%-owned JV, have an estimated nominal capacity to produce 45,000 t of copper in concentrates per year.
¹ Mt = million metric tons, t = metric tons

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Rio de Janeiro, October 31, 2012 - Vale S.A. (Vale) informs that it has concluded the sale its manganese ferroalloys operations in Europe to subsidiaries of Glencore International Plc., a company listed on the London and Hong Kong Stock Exchanges, for US$ 160 million in cash. Vale also contracted Glencore as its marketing agent for metallurgical manganese ore outside Brazil for a period of five years.

The manganese ferroalloys operations in Europe consist of: (a) 100% of Vale Manganèse France SAS, located in Dunkerque, France; and (b) 100% of Vale Manganese Norway AS, located in Mo I Rana, Norway.

The sale of the manganese ferroalloys operations in Europe is part of our continuous efforts to optimize the asset portfolio. Vale's growth and sustainable value creation strategy encompasses a multilane road, in which active portfolio asset management is a very important tool to optimize capital allocation and focus management attention.

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News

10/25/2012 12h06
Dow Jones
Jeff Fick
Brazil's Vale: Iron-Ore Price Outlook Better Now Than in Third Quarter
The outlook for iron-ore prices is better now than in the third quarter, when the global economic slowdown undercut prices and caused third-quarter earnings at Brazilian mining giant Vale SA (VALE, VALE5.BR) to slide 66%, the company's ferrous and strategy director said Thursday.

The current price scenario "is not brilliant, but positive," Vale's Jose Carlos Martins said during a conference call with analysts. According to Mr. Martins, the 45% drop in Vale's average iron-ore sales price had more to do with higher supplies of the key steelmaking raw ingredient than reduced demand from China. Chinese steelmakers are Vale's key customers, representing nearly half of the company's sales in the third quarter.

The global economic slowdown reduced demand in areas such as Europe and North America, meaning more iron ore was available on the spot market. That caused iron-ore prices to plummet, Mr. Martins said.

But with stocks of iron ore and steel products at low levels, iron-ore prices are rebounding amid a restocking of the system, he said. Chinese steel mills that were shuttered for maintenance are now restarting blast furnaces, Mr. Martins said. That means demand for iron ore should rise with increased steel output, causing iron ore prices to climb.

The variable in iron-ore prices, however, remains Chinese miners. Chinese miners produce a lower-quality iron ore and need spot-market prices at elevated levels in order to make production profitable, Mr. Martins said.

Mr. Martins said that iron-ore prices could see a great deal of volatility in 2013 on a quarterly basis because of the entrance and exit of Chinese miners into the spot market. "We could see prices around $140 a ton, or lower than $100 a ton," depending on Chinese stocks of iron ore, he said.

On an average basis, iron ore prices should settle around current fourth-quarter levels of about $115 a ton, Mr. Martins said.

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Rio de Janeiro, November 6, 2012 - Vale S.A. (Vale) informs that it has obtained the operation license (LO) for the copper project Salobo, located in the Pará state, in Brazil, from the Instituto Brasileiro do Meio Ambiente e dos Recursos Naturais Renováveis (IBAMA). Salobo is the second greenfield project developed by Vale in Brazil and has nominal capacity of 100,000 tons of copper in concentrate.
Salobo initiated its ramp-up with the two lines running since June and it involves an integrated operation of open pit mining, beneficiation, transportation and loading. Output will be transported by road from the mine to Vale's existing rail terminal in Parauapebas, from where it is carried through the Carajás railroad to the Ponta da Madeira maritime terminal.
Investments in Salobo total $ 2.507 billion. Simultaneously, Vale invests in its expansion - Salobo II - that will come on-stream in the first half of 2014 with expected capex of $ 1.707 billion, increasing production capacity to 200,000 tons per year of copper in concentrate. Salobo encompasses 1.112 billion tons of proven and probable reserves, with an average grade of 0.69% of copper and 0.43 grams of gold per ton.

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Interessanter Artikel aus dem Economist über das Engagement brasilianischer Unternehmen, insbesondere Vale, in Afrika, vor allem auch der Unterschied dabei zu chinesischen Unternehmen:




Brazil in Africa
A new Atlantic alliance
Brazilian companies are heading for Africa, laden with capital and expertise
Nov 10th 2012 | MOATIZE | from the print edition


IN THE sweaty heat of northern Mozambique, Vale, a Brazilian mining giant, is digging up coal at its mine near the village of Moatize. A 400,000-tonne mound sits ready to burn. The mine can churn out 4,000 tonnes an hour but the railways and ports cannot cope. Vale is working to improve a line through Malawi to take the coal for export. OAS Construtora, another Brazilian firm, has signed a deal with the miner to build part of a new port at Nacala, 1,000km (620 miles) to the north-east, to do the same.

The continent is an important part of Vale’s future, enthuses Ricardo Saad, the firm’s Africa boss. He is not alone in his excitement about Brazil’s prospects. Relations with Africa flourished during the presidency of Luiz Inácio Lula da Silva. He travelled there a dozen times and African leaders flocked to Brazil. His zeal was in part ideological: he devoted much of his diplomacy to “south-south” relations—at the cost, critics say, of neglecting more powerful (and richer) trade partners, such as the United States.

In this section
Making it through the storm
Uncoupling the trains
The good, the bad and the ugly
Burmese haze
Legal language
»A new Atlantic alliance
No vacancy
More than just a game
Reprints
Related topics
Angola
Africa
Brazil
Lula stressed his country’s “historic debt” to Africa, a reference to the 3.5m Africans shipped to Brazil as slaves. Outside Nigeria, Brazil has the world’s biggest black population. Dilma Rousseff, Brazil’s current president, is continuing those policies—though with more emphasis on how the relationship benefits Brazil. There are many ways that it can. Africa needs infrastructure and Brazil has lots of construction firms. Africa sits on oil and minerals in abundance; Brazil has the firms to get them out. Its agribusiness giants are also eyeing up Africa. If the continent’s economy continues to grow as it has in recent years, it will produce millions of customers much like Brazil’s new middle class.

Brazilian businesses seem keen. In 2001 Brazil invested $69 billion in Africa. By 2009, the latest figures available, that had swelled to $214 billion. At first Brazilian firms focused their efforts on Lusophone Africa, Angola and Mozambique in particular, capitalising on linguistic and cultural affinity to gain a foothold. Now they are spreading across the continent.

So far a few large firms dominate. Vale’s coal mine in Mozambique is its biggest operation outside Brazil. Odebrecht has been building things in Africa since the 1980s. Early on it was involved in construction of the vast Capanda dam in Angola. It erected the country’s first shopping mall in the capital, Luanda. In Ghana, where demand for homes is so fierce that tenants have to pay up to two years’ rent in advance, OAS, a contractor of Camargo Corrêa, a big conglomerate, is putting up social housing.

Andrade Gutierrez, another construction firm, works on everything from ports to housing and sanitation projects in Angola, Algeria, Congo and Guinea. Petrobras, Brazil’s state-owned oil behemoth, is already pumping oil in Angola and Nigeria and is on the hunt for more in Benin, Gabon, Libya, Nigeria and Tanzania. Consumer companies are setting their sights on a growing market, too. O Boticário, a Brazilian cosmetics firm, has been peddling its products in Angola since 2006.

Brazil v China

Since Brazil cannot compete with the likes of China in the scale of its investment, it has to offer something extra: in particular, technical expertise. With similar climates, agriculture has been a fruitful field of collaboration. In 2008 Embrapa, a Brazilian agricultural-research institute, set up an office in Ghana. Through Embrapa, Brazil has provided technical assistance to the cotton industry in Benin, Burkina Faso, Chad and Mali. Brazilian companies that produce soya, sugar cane, corn and cotton were sniffing out investments in Tanzania earlier this year.

Brazilian firms hope that their reputation will ensure that opportunities keep coming. They are keen to distinguish themselves from competitors, especially the Chinese. They do not want to be seen as grabbing everything they can, says Rodrigo da Costa Fonseca, Andrade Gutierrez’s president in Africa. Whereas Chinese firms are lambasted for their working practices, their Brazilian counterparts emphasise that they play by the rules, are good employers and want to build enduring relationships by offering development aid as well as private investment.

In particular, Brazilians stress that in Africa they employ Africans (Chinese firms are often criticised for shipping in their own people). Around 90% of Odebrecht’s employees in Angola are locals, as are 85% of Vale’s employees in Mozambique.

The Brazilians have not managed to avoid all criticism. Vale has come under fire for its resettlement of over 1,000 families to make way for its coal mine. Most have been moved to a brand-new village at Cateme, 40km away from Moatize. Disgruntled villagers say the cost of living has soared because of the added expense of getting to Tete, the provincial capital. The ground is less fertile and water less plentiful at the new location, say inhabitants, and the houses provided by Vale are shoddily built. In January angry villagers blocked a nearby railway line in protest.

Vale says it is dealing with these problems—fixing the houses and putting on a bus into town. The company is paying the price for being first in, says Altiberto Brandão, who runs Vale’s mine at Moatize. Vale has a 35-year concession so it needs to keep locals on its side: “we don’t want 35 years of problems,” Mr Brandão insists.

Brazil is still enjoying its honeymoon in Africa, says Oliver Stuenkel of the Global Public Policy Institute, a think-tank. Still, Brazil should learn from the mistakes of others, he says. With its prominence in mining, there is always a danger that Brazil is seen as a new colonial power. Though its presence is growing, it is still paltry compared with China’s. Unlike China, Brazil does not need Africa’s resources but is more interested in diversifying its markets. There is no construction in Europe—there is nothing left to build there, laughs OAS’s Africa head, Leonardo Calado de Brito. “Africa is the place to be.”

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Rio de Janeiro, November 19, 2012 -Vale S.A. (Vale) informs that it has received the installation license (LI), issued by the Instituto Brasileiro do Meio Ambiente e dos Recursos Naturais Renováveis (IBAMA), for the expansion of the Carajás railroad (EFC), which connects Vale's mining operations in the state of Pará to the Ponta da Madeira maritime terminal in the state of Maranhão, Brazil.The LI, along with the simultaneously issued Authorization of Removal of Vegetation (ASV), permits the beginning of capacity expansion of the EFC to 230 million metric tons per year (Mtpy), an important component of the CLN S11D project, which in turn will provide the extension of the logistics infrastructure required to support the 90 Mtpy Carajás Serra Sul S11D iron ore project.
The LI enables railworks of 786 km and includes, among others, the duplication of 559.7 km of railway. The conclusion of the project is expected for 2017.
In this way, the issuance of the LI is a landmark in S11D's execution process, which involves US$ 19.5 billion in total investments, of which US$ 8.1 billion for the iron ore mine and trimodular processing plant, and US$ 11.4 billion for the expansion of railway and maritime terminal logistics infrastructure.
The initial ramp up of iron ore production is expected for the second half of 2016 and operation at full capacity should occur at the end of 2017. The additional 90 Mtpy capacity's operational cost - mine, plant, railway and port - should be extremely low and will create future brownfield expansion opportunities with likewise very low investment costs.
The more than 90 environmental licenses obtained by Vale this year are allowing not only the continuation of the company's mining and logistics operations in Brazil, but more importantly enable an step change in the quality and quantity of its future iron ore production at operational costs below current levels. Such developments will guarantee the unchallenged leadership of Vale in the global iron ore market.

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Im folgenden Artikel ist auch die Rede von den Investitionen für die
Moatize-Kohlemine, die von Vale gebaut wird:


Milliardenschwere Investitionen
Mosambik will Kohle-Exporte stark ausweiten
Autor: Björn Junker | 21.11.2012, 16:30 | 115 Aufrufe | 0 |

Der südostafrikanische Staat beherbergt viele unerschlossene Rohstoffvorkommen, unter anderem im Bereich Kohle. Die Regierung in Maputo will mit Großprojekten die Exportkapazitäten in den kommenden Jahren massiv vergrößern.

Zwei Jahrzehnte nach einem langen Bürgerkrieg gilt Mosambik als einer der interessantesten Staaten Afrikas für die Bergwerksbranche. Die ehemalige portugiesische Kolonie, die 1975 unabhängig wurde und anschließend in langen kriegerischen Auseinandersetzungen versank, beherbergt große Vorkommen unter anderem an Erdgas und Steinkohle. In dem Land liegen einige der weltweit größten Reserven an Kohle für die Stahlerzeugung, die bislang unangetastet sind. Auch Vorkommen der begehrten Seltenen Erden sind dort zu finden.

Dass die Vorkommen, unter anderem in der nordwestlich gelegenen Provinz Tete, bisher unangetastet sind, hat seinen Grund. In dem extrem armen afrikanischen Land, das Bruttoinlandsprodukt 2011 lag bei 12,8 Milliarden US-Dollar, was einem Pro-Kopf-Einkommen von 583 US-Dollar pro Jahr entspricht, liegt vor allem die Infrastruktur noch immer weitgehend brach. Investitionen müssen ins Land geholt werden, unter anderem um Eisenbahnverbindungen und große Tiefseehäfen wie den in der Hauptstadt Maputo auf- und auszubauen oder zu modernisieren.

Bisher liegt darin eines der größten Hemmnisse für die Entwicklung der Bergbauindustrie, die auf eine gut ausgebaute Logistik angewiesen ist. Der Wirtschaftssektor könnte für das Land in Zukunft von großer Bedeutung werden. Experten rechnen damit, dass der Rohstoffreichtum helfen könnte, die Armut der Bevölkerung zu überwinden oder zumindest zu lindern.

Der Staat bemüht sich allerdings darum, die notwendigen Voraussetzungen zu schaffen. Mosambiks Regierung will im Dezember international um Angebote für ein zwei Milliarden US-Dollar schweres Infrastrukturprojekt werben. Gegenstand ist zum einen eine 525 Kilometer lange Eisenbahnverbindung, mit der Kohle aus der Provinz Tete an die Küste der Provinz Zambezia des südostafrikanischen Landes transportiert werden soll. Zum anderen will man dort neue Hafenanlagen errichten, die die Verschiffung von 20 Millionen Tonnen Kohle pro Jahr ermöglichen sollen.

Der verzögerte Ausbau einer anderen Eisenbahnlinie, die die kohlreiche Gegend des Moatize-Beckens mit der Küste verbinden soll, neigt sich zudem dem Ende zu und wird die Transportkapazitäten auf 6,5 Millionen Tonnen pro Jahr mehr als verdoppeln. Bis Ende 2014 will man auf dieser Route sogar Kapazitäten für 20 Millionen Tonnen schaffen. Alles in allem rechnet man in Regierungskreisen damit, dass die Exportkapazitäten für Kohle aus dem Moatize-Becken auf 120 Millionen Tonnen pro Jahr steigen werden. Die Investitionen hierfür veranschlagt man in Mosambiks Hauptstadt Maputo auf 12 Milliarden US-Dollar binnen fünf Jahren.


Hinweis: Die hier angebotenen Artikel stellen keine Kauf- bzw. Verkaufsempfehlungen dar, weder explizit noch implizit sind sie als Zusicherung etwaiger Kursentwicklungen zu verstehen. Die GOLDINVEST Media GmbH und ihre Autoren schließen jede Haftung diesbezüglich aus. Die Artikel und Berichtedienen ausschließlich der Information der Leser und stellen keine wie immer geartete Handlungsaufforderung dar. Zwischen der GOLDINVEST MediaGmbH und den Lesern dieser Artikel entsteht keinerlei Vertrags- und/oder Beratungsverhältnis, da sich unsere Artikel lediglich auf das jeweiligeUnternehmen, nicht aber auf die Anlageentscheidung, beziehen. Wir weisen darauf hin, dass Partner, Autoren und Mitarbeiter der GOLDINVEST Media GmbH Aktien der jeweils angesprochenen Unternehmen halten oder halten können und somit ein möglicher Interessenkonflikt besteht. Wir können nicht ausschließen, dass andere Börsenbriefe, Medien oder Research-Firmen die von uns empfohlenen Werte im gleichen Zeitraum besprechen. Daher kann es in diesem Zeitraum zur symmetrischen Informations- und Meinungsgenerierung kommen.

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Rio de Janeiro, December 03, 2012 - Vale S.A. (Vale) announces that its Board of Directors has approved the investment budget for 2013, involving capital expenditures of US$ 10.1 billion for project execution and US$ 5.1 billion dedicated to sustaining existing operations, as well as US$ 1.1 billion for research and development (R&D) expenditures. Capital and R&D expenditures in 2012 are estimated to reach US$ 17.5 billion, lower than the US$ 18.0 billion for 2011, the peak expected for the foreseeable future.

The prospects of a moderate expansion of the global demand for minerals and metals over the medium-term do require a stricter discipline in capital allocation and a stronger focus on maximizing efficiency and minimizing costs. Our priority has shifted from the marginal volume to the capital efficient volume, a move that has deep implications for the way we manage capital.

"A lean management organization, excellence in execution and the commitment to transparency and shareholder value creation are principles of paramount importance to guide our decision-making process", said Murilo Ferreira, CEO. "We are now more than ever strongly committed to investing only in world-class assets, with long life, low cost, expandability and high quality output, capable of creating value through the cycles. The optimization of capital management is underpinned by relentless efforts to reduce our cost structure on a permanent basis".

"The preservation of our current investment-grade ratings is of course one of our main permanent commitments", Mr. Ferreira concluded.

We were granted around 100 environmental licenses in 2012, which highlights enormous progress in environmental permitting, removing obstacles for the development of our world-class projects, such as Carajás S11D, the largest and the best iron ore project in the world. Simultaneously, we are gradually solving the issues related to tax litigations, an important step change, as it eliminates financial risks and frees resources to focus our attention on managing the business.

Click here to download the press releaseClick here to watch the Vale Day at NYSE live video webcast - 10:00 AM Eastern.

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Eisenerzproduzent Vale streicht Ausgabenplan zusammen
Autor: shareribs | 05.12.2012, 16:08 | 78 Aufrufe | 0 |
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Sao Paulo 05.12.12 - Der brasilianische Eisenerzproduzent Vale hat die Ausgabenpläne für das kommende Jahr massiv zusammengestrichen. Zwar liegen die Ausgaben höher als erwartet, aber dennoch deutlich unter jenen der vergangenen Jahre.

Das Unternehmen teilte mit, dass man im kommenden Jahr insgesamt 16,3 Mrd. USD investieren wolle. Damit wurden die ursprünglichen Planungen um 24 Prozent gekürzt. Das Unternehmen hat auch im laufenden Jahr die Kosten senken müssen. Von den ursprünglich geplanten 21,4 Mrd. USD sind noch 17,5 Mrd. USD geblieben. Im Jahr 2011 investierte Vale 18,0 Mrd. USD. Ein Grund für die Ausgabenkürzung ist der Wille des Unternehmens, den bestehenden Investmentgrad beizubehalten.

CEO Murilo Ferreira sagte, dass man sich zukünftig auf Projekte höchster Güte konzentrieren wolle, die eine lange Laufzeit, geringe Kosten und hohe Erträge mit sich bringen. Rund 85 Prozent, der mehr als zehn Milliarden US-Dollar für Projektinvestitionen, will das Unternehmen in den Ausbau der Carajas- und Itabiritos-Projekte, den Ausbau des Vertriebsnetzes, Kohleprojekte und weitere Projekte stecken. Vale teilte zudem mit, dass man den Verkauf seines Anteils von 22 Prozent am Aluminiumproduzenten Norsk Hydro prüfe.

Ein Vertreter von Vale sagte auf einer Konferenz in New York, dass man die Entwicklung eines großen Derivatemarktes für Eisenerz erwarte. Dieser würde von den Marktteilnehmern genutzt, um die Preisrisiken bei Eisenerz zu senken. Der Preis für Eisenerz war im September auf unter 100 USD/Tonne gesunken und hat sich seither um rund 25 Prozent erholt.

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Rio de Janeiro, December 13, 2012 - Vale S.A. (Vale) announces that it has launched its Vale Investors & Media iPad app. The app allows investors to access in a very easy way press releases, quarterly performance reports, annual reports, presentations, investors' and media webcasts, Vale's share price performance on the BM&FBovespa, NYSE and HKEx, and financial and operational performance indicators, as well as offering photos, videos, an events calendar and information on the company's history.
The app is available for free download on the Apple Store. The use of modern information technology is another tool to enhance our commitment to transparency.

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Vale to sell fertilizers asset
Rio de Janeiro, December 18, 2012 - Vale S.A. (Vale) informs that it has signed with Petróleo Brasileiro S.A (Petrobras) an agreement to sell Araucária, operation for production of nitrogens, located in Araucária, in the Brazilian state of Paraná, for US$ 234 million. The purchase price will be paid by Petrobras through installments accrued quarterly, adjusted by 100% of the Brazilian interbank interest rate (CDI), in amounts equivalent to the royalties due by Vale related to the leasing of potash assets and mining rights of Taquari-Vassouras and of the Carnalita project.

The sale is subject to the fulfillment of precedent conditions, including the approval by the Conselho Administrativo de Defesa Econômica (CADE), the Brazilian anti-trust authority.

Araucária has annual production capacity of approximately 1.1 million tons of ammonia and urea.

The divestment of assets such as Araucária, which does not have synergies with the rest of our portfolio, is consistent with our efforts to improve capital allocation and resources to generate additional funding for investments in priority projects with high potential for value creation. The sale of Araucária also contributes to an annual reduction of investments in sustaining operations of approximately US$ 50 million.

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Rio de Janeiro, December 20, 2012 - Vale S.A. (Vale) informs that it has concluded the annual assessment of Onça Puma and aluminum assets, which will imply the recognition of an impairment charge before tax of US$ 4.2 billion, thus affecting our earnings in the fourth quarter of 2012.

The issues with the two furnaces of Onça Puma determined the total stoppage of its ferronickel operations since June 2012. After analyzing the case, Vale decided to rebuild one of the furnaces, at an estimated cost of US$ 188 million in 2013, and plans its start up in the fourth quarter of 2013. Given this event and in face of the current market environment for ferronickel, the valuation of Onça Puma determined the need to recognize an impairment charge before tax of US$ 2.848 billion. The book value of Onça Puma was US$ 3.778 billion as of September 30, 2012.

The downward volatility of aluminum prices and the macroeconomic uncertainties about the European economy have contributed to reduce the market value of our 22% stake in Hydro ASA (Hydro), a Norwegian aluminum producer, to a level below the book value of our investment. Based on Hydro share prices at September 30, 2012, we are recognizing an impairment charge before tax of US$ 1.3 billion, which will impact our 4Q12 net earnings.

Despite these charges, we remain confident on the long-term market fundamentals of the global nickel market. At the same time, we believe on the potential of Hydro's assets to create significant shareholder value as a consequence of a unique combination of a rich endowment of natural resources and technological leadership in aluminum.

Both impairments will not have any cash flow impact and will be treated as exceptional items. Our annual asset review will be completed in conjunction with the disclosure of our 2012 financial statements in February 27, 2013.

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Sao Paulo 21.12.12 - Der brasilianische Eisenerzproduzent Vale wird im vierten Quartal 2012 Abschreibungen in Höhe von mehreren Milliarden US-Dollar vornehmen, womit der Nettogewinn im vierten Quartal stark beeinträchtigt werden dürfte.

Vale teilte gestern mit, dass auf die Aluminium- und Nickelbeteiligungen Abschreibungen in Höhe von 4,2 Mrd. USD vorgenommen werden sollen, was als Vorsteuerbelastung im vierten Quartal 2012 verbucht werden soll. Weiterhin wurde der Wert der 22 Prozent-Beteiligung am norwegischen Aluminiumproduzenten Hydro um 1,3 Mrd. USD und damit unter den Buchwert der Investition gesenkt. Dies dürfte den Nettogewinn im vierten Quartal 2012 schmälern.

Bedingt durch Steuerprobleme in der Schweiz und Brasilien werden sich die Abschreibungen im vierten Quartal auf insgesamt 4,65 Mrd. USD belaufen. Im dritten Quartal belief sich der Nettogewinn von Vale lediglich auf 1,67 Mrd. USD. Dennoch geht das Unternehmen nicht davon aus, dass die Abschreibungen den Cash Flow beeinträchtigen.

Die Aktien von Vale rutschten korrigieren heute in Sao Paulo um 2,3 Prozent auf 41,26 Real. �

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Vale to sell stake in oil and gas concession
Rio de Janeiro, December 26, 2012 - Vale S.A. (Vale) informs that it has signed an agreement with Statoil Brasil Óleo e Gás Ltda (Statoil) to sell its 25% participation in the concession BM-ES-22A in the Espírito Santo Basin, Brazil, for US$ 40 million in cash. The sale also exempts Vale from committed expenditures of approximately US$ 80 million until the end of 2013. The closing of the transaction is subject to usual precedent conditions and approvals.

Our growth and sustainable value creation strategy encompasses a multilane road, in which active portfolio asset management is a very important tool to optimize capital allocation and focus management attention.

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Dividendenzahlung in 2013

Rio de Janeiro, January 28, 2013 - Vale S.A. (Vale) announces that its Executive Board has approved and will submit to the Board of Directors a proposal for the distribution of a minimum dividend of US$ 4 billion in 2013, equivalent to US$ 0.776190372 per share for both common and preferred shares outstanding, to be distributed in two installments, on April 30 and October 31, 2013.
The Board of Directors will evaluate the proposal submitted by the senior management, regarding each installment, in the meetings scheduled for April 16 and October 17, 2013.
If the proposal is approved by our Board of Directors, the payment of each installment will be made in Brazilian reais, calculated on the basis of the Brazilian real/US dollar exchange rate (Ptax - option 5) published by the Central Bank of Brazil on the business day prior to the Board of Directors meeting that approves the dividend proposal.
The proposed minimum dividend is consistent with Vale's financial policy, which aims to provide a strong support to the exploitation of profitable growth opportunities alongside the preservation of a sound balance sheet simultaneously with the focus on discipline in capital allocation.

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Am 1.Februar kommen die Produktionszahlen für 2012 und am 27.2. gibt es dann den Finanzbericht für 2012.

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Vale to conclude purchase option of Belvedere, exercised in 2010, after independent valuation
Rio de Janeiro, January 31, 2013 - Vale S.A. (Vale) informs that it has entered into agreements to complete a purchase option exercised by Vale in June 2010, by which it will acquire an additional 24.5% stake in the Belvedere coal project (Belvedere) from Aquila Resources Limited (Aquila). The purchase price of A$ 150 million (US$ 156 million using AUD/USD of 1.04) is equivalent to the fair market value recently determined by a third party expert engaged by Vale and Aquila.







The acquisition is subject to Queensland Government indicative approvals. As an outcome of this transaction, Vale will increase its participation in Belvedere to 100%. Vale also agreed to settle Belvedere litigation and disputes with Aquila for A$ 20 million (US$ 21 million).







Overall, Vale will have paid approximately US$ 338 million for 100% of Belvedere. The Belvedere underground coal project is a future growth option located in the southern Bowen Basin region, near the city of Moura, in the state of Queensland, Australia. The project is still in early stage of development and, consequently, its implementation is subject to Board approval. According to our preliminary estimates, Belvedere has the potential to reach a production capacity up to 7.0 million metric tons per year of mainly coking coal.

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A STRONG IRON ORE PERFORMANCE

Rio de Janeiro, February 1, 2013 - Vale S.A. (Vale) delivered a very good operational performance in 4Q12. Iron ore production reached the highest level for a fourth quarter, at 85.5 Mt, allowing for a larger exposure to the price rally of the final months of last year.

Due to seasonality, iron ore output in the last quarter of each year is normally lower than in the third quarter. This was the first time since 2003 that the performance in a fourth quarter was better than in 3Q, being 1.9% higher.

Two factors were instrumental to this achievement: (a) after the conclusion of the pre-stipping the operation of the N5 South mine in Carajás contributed not only to the output increase, but to better quality and lower costs; (b) below normal rainfall during the quarter.

Coal production also reached a quarterly all-time high mostly due to the successful ramp-up of Carborough Downs, after the issues which determined its shutdown in 2Q12.

2012 was a challenging year in view of the adverse weather conditions which affected iron ore production in Brazil in the first quarter, and the stoppages of Sudbury, Carborough Downs, VNC and Onça Puma caused by safety and operational problems. With the exception of Onça Puma, all of them returned to operation.

Our iron ore production was 320.0 Mt in 2012, slightly lower than 2011. Nickel output, at 237,000 t, fell 1.9% in relation to the previous year.

On the other hand, three annual production records were achieved - pellets (55.1 Mt), coal (7.1 Mt) and phosphate rock (8.0 Mt).

At the moment, there are four operations ramping up: Salobo I, copper and gold, Lubambe, copper, VNC, nickel oxide and Moatize, coal.

Salobo I and Lubambe are ramping up smoothly, according to the plans. VNC produced 1,200 t of its final product, nickel oxide, in December. Repairs to the acid plant and the installation of the refining columns of the solvent extraction circuit were concluded. As planned, the output of VNC is processed at the Dalian refinery, in China, into finished nickel. Moatize delivered 3.768 Mt of coal in its first year of operation.

In 2H13, two iron ore projects will come on stream: Carajás Additional 40 Mtpy and Conceição Itabiritos, which will contribute to the enhancement of our iron ore operations, through production increase, higher average Fe grade and lower costs. These effects on our performance will be material from 2014 onwards.

The prospects of a moderate expansion of the global demand for minerals and metals over the medium-term do require a stricter discipline in capital allocation and a stronger focus on maximizing efficiency and minimizing costs. Our growth plans reflect the priority shifting from the marginal volume to the capital efficient volume, a move that is expected to have significant positive implications for our operating and financial performance.

In this scenario, innovation, such as CORe, implemented in 4Q12 in our Sudbury operations, and truckless mining, to be employed in the Carajás S11D project, became an important driver of competitiveness in the mining industry.

Mt= million metric tons.
Kt = thousand metric tons
t = metric tons

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Quelle, und hier findet man auch die Tabellen mit den Produktionsergebnissen:

http://www.vale.com/EN/investors/home-press-releases/Press-R…

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Rio de Janeiro, February 5, 2013 - Vale S.A. (Vale) informs that it has entered into an agreement with Silver Wheaton Corp. (SLW), a Canadian company traded on the TSX and NYSE, to sell 25% of the payable gold by-product stream from the Salobo copper mine for the life of the mine and 70% of the payable gold by-product stream from its Sudbury nickel mines - Coleman, Copper Cliff, Creighton, Garson, Stobie, Totten and Victor - for 20 years.
The transaction
Vale will receive an initial cash payment of US$ 1.9 billion plus 10 million warrants of SLW with a strike price of US$ 65 and a 10-year term, valued at US$ 100 million. US$ 1.33 billion will be paid for 25% of the gold by-product stream from Salobo while US$ 570 million plus 10 million SLW warrants will be paid for 70% of the Sudbury gold by-product stream.
In addition, Vale will also receive future cash payments for each ounce (oz) of gold delivered to SLW under the agreement, equal to the lesser of US$ 400 per oz (plus a 1% annual inflation adjustment from 2016 in the case of Salobo) and the prevailing market price.
Vale may also receive an additional cash payment contingent on its decision to expand the capacity to process Salobo copper ores to more than 28 Mtpy before 2031. Salobo I, which is ramping up, and Salobo II, coming on stream in 1H14, will have a total capacity to process 24 Mtpy of run-of-mine (ROM). The additional amount would range from US$ 67 million to US$ 400 million depending on timing and size of the expansion.
There is no firm commitment from Vale to quantities of gold delivered - SLW is entitled not to specific volumes but to a percentage of the gold by-product stream from Salobo and Sudbury and thus bears the production risk, both on the upside and on the downside. As for the risk of price volatility, Vale is subject to gold price risk for the SLW´s deliveries only if the price of gold drops below the US$ 400/oz trailing payment.
The transaction is still subject to the settlement of definitive agreements and the approval of our Board of Directors. Scotiabank acted as the sole financial advisor to Vale.
The strategic background and value creation
The deal unlocks substantial value from our high quality base metals operations as it values the Salobo payable gold stream at US$ 5.32 billion plus payments of US$ 400 per oz upon delivery, given that no additional costs will be incurred by Vale to extract gold from copper concentrates produced by Salobo. The estimated capex for Salobo - Salobo I and Salobo II - with a nominal capacity to deliver 200,000 tpy of copper in concentrates plus gold by-product is US$ 4.2 billion, of which US$ 3.05 billion was spent until Dec 31, 2012. Salobo I is currently ramping up as planned while Salobo II will come on stream in 1H14.
Our base metals business is undergoing changes in order to achieve significant performance improvement and to deliver shareholder value on a sustainable basis. Alongside the efforts to unlock value from its operations such as the gold streaming transaction and the potential divestiture of non-core assets, Vale is pursuing lower costs and higher productivity arising from the simplification of its flowsheet, the idling of loss making operations, the feeding of smelters only with high value concentrates resulting from the optimization of mining plans and the use of technological innovation, such as the implementation of the CORe (Challenging Ore Recovery) project at the Clarabelle mill and the fully integrated hydrometallurgical flowsheet of Long Harbour, coming on stream in 2H13.
The execution of our strategic plan leads us to remain strongly confident on the potential of our world-class base metals assets to create sizeable shareholder value through the cycles.

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1,9 Mrd. USD schwerer Royalty-Deal mit Vale SA Silver Wheaton setzt jetzt auch auf Gold


Autor: Björn Junker
| 06.02.2013, 13:12 | 78 Aufrufe | 0 |

Die Royalty-Gesellschaft Silver Wheaton (WKN A0DPA9) hat eine bindende Vereinbarung mit einer Tochter des Minengiganten Vale SA (WKN 897136) abgeschlossen, sodass man nun einen Teil der zukünftigen Goldproduktion von Vales Minen in Brasilien und Sudbury in der kanadischen Provinz Ontario erhält.






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Wie Silver Wheaton erläuterte, wird man 25% der Goldproduktion von Vales Salobo-Mine in Brasilien über deren gesamtes Minenleben hinweg erhalten. In der Vereinbarung enthalten sind zudem 70% der Goldproduktion von Vales in Sudbury gelegenen Minen über einen Zeitraum von 20 Jahren.

Bei Ratifizierung der Vereinbarung wird Silver Wheaton 1,9 Mrd. USD in bar zahlen, sowie 10 Mio. Warrants mit einem Ausübungspreis von 65 CAD und einer Laufzeit von zehn Jahren ausgeben. Darüber hinaus wird das Unternehmen bis zu 400 USD pro gelieferter Unzen Gold zahlen, angepasst an die Inflationsrate und den aktuellen Marktpreis.

Silver Wheatons CEO Randy Smallwood ist von dem Deal überzeugt. Denn, so führt er aus, die Zusammenarbeit mit Vale stelle einen wichtigen Schritt für sein Unternehmen dar, da man nicht nur die Goldunzen erhalte, um das Unternehmen zu diversifizieren und weiter zu wachsen, sondern die Vereinbarung auch bedeute, dass ein weiterer der weltweit größten Minenkonzerne das Geschäftsmodell seines Unternehmens unterstütze.

Auf Grund der Vereinbarung mit Vale erhöhte Silver Wheaton dann auch gleich seine Produktionsprognose auf Sicht von einem und fünf Jahren. Das kanadische Unternehmen geht davon aus, dass die anrechenbare Silberäquivalentproduktion 2013 bei 33,5 Mio. Unzen liegen wird, davon 145.000 Unzen Gold. 2017 soll die anrechenbare Produktion dann rund 53 Mio. Unzen Silberäquivalent mit 180.000 Unzen Gold betragen und damit mehr als 80% über dem Niveau von 2012 liegen.

Silver Wheaton erklärte zudem, dass man die Scotiabank und BMO Capital Markets engagiert habe, um die Finanzierung des Vale-Deals zu organisieren.

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Brasiliens Vale will 7 Mrd. USD in Afrika investieren
Autor: shareribs | 06.02.2013, 16:29 | 123 Aufrufe | 0 |
Sao Paulo 06.02.13 - Der brasilianische Minenkonzern Vale plant umfangreiche Investitionen in Afrika. Wie das Unternehmen mitteilte, wolle man sich auf die Produktion von Eisenerz, Kupfer und Bauxit konzentrieren.

Der Chef für Unternehmensangelegenheiten von Vale sagte in Kapstadt, dass man insgesamt 7 Mrd. USD in sieben afrikanischen Staaten investieren werde. So soll in Mosambik Kohle gefördert werden, in Guinea plant man die Produktion von Bauxit und Eisenerz und in Sambia, Angola und der Demokratischen Republik Kongo soll Kupfer gefördert werden.

In Sambia betreibt das Unternehmen ein Joint Venture mit African Rainbow Minerals und der staatlichen ZCCM, wo jährlich 45.000 Tonnen Kupferkonzentrat produziert werden sollen. In Mosambik will man mit der Investition von mehr als 2 Mrd. USD die Kohleförderung auf 22 Mio. Tonnen steigern.

Vale ist einer der weltweit größten Eisenerzproduzenten.

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Silver Wheaton & Co. machen das Geschäft ihres Lebens
Autor: Björn Junker | 07.02.2013, 11:25 | 116 Aufrufe | 0 |
Während viele Bergbaufirmen unter den schwierigen Marktbedingungen leiden, profitieren die so genannten Royalty- und Streaming-Firmen und schließen die größten Deals ihrer Geschichte ab.

Diese Gesellschaften stellen den Bergbaufirmen vorab Kapital zur Verfügung und erhalten dafür das Recht an (Teilen) der zukünftigen Produktion von Minen der Transaktionspartner. Und insbesondere Branchenprimus und Pionier Silver Wheaton (WKN A0DPA9) ist nach Aussage von CEO Randy Smallwood so ausgelastet wie nie zuvor. Und, das betonte Smallwood besonders, die Qualität der Projekte, die an sein Unternehmen herangetragen würden, sei ebenfalls besser als in der Vergangenheit.

Erst gestern kündigte Silver Wheaton einen Gold-Streaming-Deal mit dem Bergbaugiganten Vale SA (WKN 897136) im Wert von 1,9 Mrd. USD an – bei Weitem der größte solche Deal, der je abgeschlossen wurde. Vor weniger als sechs Monaten hatte Wettbewerber Franco-Nevada (WKN A0M8PX) bereits einen Deal im Wert von 1 Mrd. USD mit Inmet Mining (WKN 873251) abgeschlossen.

Die Minenfirmen wenden sich aus mehreren Gründen verstärkt an Firmen wie Silver Wheaton und Franco-Nevada. Zum einen ist es äußerst schwierig und führt zu einer enormen Verwässerung, im aktuellen Marktumfeld Kapital über die Ausgabe von Aktien einzunehmen. Zum anderen aber machen die hohen Investitionskosten es wichtiger als je zuvor, das Finanzierungsrisiko insbesondere für größere Projekte aufzuteilen. Die Tatsache, dass ein gigantischer Konzern wie Vale zukünftigen Cashflow aufgibt, um sich Kapital zu sichern, zeigt, mit was für Problemen die Branche derzeit zu kämpfen hat.

So war es allerdings nicht immer. Als Smallwood im April 2011 bei Silver Wheaton seinen CEO-Posten antrat, konnte das Unternehmen keinerlei Deals festzurren. Die Edelmetallpreise befanden sich zu diesem Zeitpunkt im Höhenflug und die Unternehmen wollten ihre zukünftige Silber- und/oder Goldproduktion wenn überhaupt nur viel zu teuer verkaufen. Damals hatten die Unternehmen einfach besser Finanzierungsoptionen, meint denn auch Smallwood.

Doch als die Märkte drehten und die „normalen“ Finanzierungsquellen austrockneten, waren die Minenfirmen auf einmal deutlich eher bereit, ihre Beiproduktion an Gold und Silber im Tausch für dringend benötigtes Kapital abzugeben.

Zwar waren Franco-Nevada und Silver Wheaton auch damals schon große und angesehene Unternehmen, doch die jüngsten Mega-Deals könnten ein entscheidender Schritt nach vorn sein und die Branche auf ein ganz neues Niveau heben. Denn bis 2004, bis zur Gründung von Silver Wheaton, existierte das Streaming-Geschäft noch nicht einmal.

Auch Analysten bewerten den neuesten Deal des Unternehmens sehr positiv. So sind die Experten von TD Securities beispielsweise der Ansicht, dass Silver Wheaton sich mit dieser Transaktion den Markt für Streaming Deals mit den ganz Großen der Bergbaubranche erschlossen haben könnte. Silver Wheaton sei ein Pionier in dieser Hinsicht und man glaube, dass dieser Schritt dem Unternehmen eine mögliche signifikante Quelle neuer Deals eröffne.

Die Analysten weisen zudem darauf hin, dass der Deal auch für Vale Bedeutung über die reine Kapitalbeschaffung hinaus habe. Denn er demonstriere den Wert der Bunt- und Edelmetallprojekte des Konzerns. Vale werde von den Investoren als Eisenerzfirma betrachte, während die anderen Projekte mehr oder weniger ignoriert würden.

Schließlich habe sich der brasilianische Konzern wegen dieses Deals an Silver Wheaton gewendet, was zeige, dass man sehr interessiert gewesen sei, eine Transkation abzuschließen. Deshalb könnte Vales Schritt dazu führen, dass die großen Wettbewerber der Brasilianer ihre Strategie überdenken, meinen die Analysten von BMO Capital Markets.

Silver Wheatons CEO ist zuversichtlich, dass, sollten sich die Marktbedingungen weiter als schwierig erweisen, der Deal mit Vale im laufenden Jahr nur einer von vielen für Silver Wheaton sein wird. Bislang, so Smallwood, sei das Problem immer gewesen, Assets zu finden, die man in Betracht ziehen könnte und nicht die Finanzierung der Deals. Nun aber, zum ersten Mal überhaupt, beginne er, sich zu fragen, ob man überhaupt alle Transaktionen finanzieren könne, die möglich seien.

[mickefett]

Vale declares force majeure on coal shipments in Mozambique
Rio de Janeiro, February 18, 2013 - Vale S.A. (Vale) informs that it has declared force majeure (FM) on a number of its coal sales contracts on February 15, 2013. We are communicating with customers as required under our agreements with them.


High rainfall since early February 2013 and continuing over the last few days in Tete, Mozambique, has created serious challenges to the Linha do Sena railway, thus impacting the transportation of our coal products. So far, we estimate a loss of approximately 250,000 metric tons in metallurgical coal shipments.
Caminhos de Ferro Moçambique (CFM), owner of Serra-Beira railway, is taking all the necessary measures to restore the railway traffic and the situation is expected to be normalized by the end of this month.

We will disclose further information related to the evolution of these events until the situation has been normalized.

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http://www.vale.com/EN/investors/home-press-releases/Press-R…

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Vale suspends implementation of the Rio Colorado project
Rio de Janeiro, March 11, 2013 - Vale S.A. (Vale) informs that it communicated today to the Argentinean government that is suspending the implementation of the Rio Colorado project, in Argentina, as in the current macroeconomic environment the economics of the project are not in line with Vale's commitment to discipline in capital allocation and value creation. In case of resuming the implementation, preference will be given to the project's current employees.

Vale will keep honoring the commitments related to the concessions and searching alternatives that enhance the economics of the project, to then evaluate its resumption.

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Vale lifts force majeure on coal shipments in Mozambique
Rio de Janeiro, March 20, 2013 - Vale S.A. (Vale) informs that effective today it has lifted force majeure (FM) on a number of its coal sales contracts in Mozambique. FM was declared on February 15, 2013 following heavy rainfall since early February in Tete, Mozambique, creating serious challenges to the Linha do Sena railway, thus impacting shipments of metallurgical coal at approximately 500,000 metric tons.

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Vale proposes payment of dividend to shareholders
Rio de Janeiro, April 01, 2013 - Vale S.A. (Vale) informs that its Executive Board has approved and will submit to the Board of Directors the proposal for payment of the first installment of the minimum dividend of US$ 2.250 billion, as publicly announced on January 28, 2013, equal to US$ 0.436607084 per common or preferred share in circulation, as of February 28, 2013 (5,153,374,926).

The proposal will be submitted for approval to the Board of Directors in the meeting scheduled for April 16, 2013 and, if approved, the payment of US$ 2.250 billion will be made on April 30, 2013. The amount in Brazilian reais will be computed using the Brazilian real/US dollar exchange rate (Ptax-Option 5) published by the Central Bank of Brazil on April 15, 2013.

Once the proposal is approved by the Board, all investors who hold Vale shares at the record dates will have the right to the dividend payment. The record date for the owners of shares traded on the BM&FBovespa is April 16, 2013. The record date for the holders of ADRs traded on the New York Stock Exchange (NYSE) and Euronext Paris is April 19, 2013 Eastern Standard Time and for the holders of HDRs traded on the Hong Kong Stock Exchange (HKEx) is at the close of the business day in Hong Kong on April 19, 2013.

Vale shares will be traded ex-dividend on BM&FBovespa, NYSE and Euronext Paris as of April 17, 2013 and on the HKEx as of April 18, 2013.

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Vale files Form 20-F report for the fiscal year ended 2012
Rio de Janeiro, April 2, 2013 - Vale S.A. (Vale) announces that it has filed with the U.S. Securities and Exchange Commission (SEC) its Form 20-F report for the fiscal year ended 2012. The report is available on the SEC's website, at http://www.sec.gov, on Vale's website, at http://www.vale.com (Investors / Annual reports), and on Vale Investors & Media iPad app.

Investors can receive a printed copy of the report, free of charge, by calling our ADR depositary, JPMorgan, at [phone].

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An die MODs:

Kann man wohl diesen Thread umbenennen in "Vale"? Die frühere Abkürzung CVRD für Companhia de Vale Rio Doce ist schon länger nicht mehr gebräuchlich für den größten Eisenerzlieferanten der Welt.

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Vale announces dates for reporting of 1Q13 performance
Rio de Janeiro, April 5, 2013 - Vale S.A. (Vale) will release its 1Q13 production report on Wednesday, April 17, 2013, and the financial performance report on Wednesday, April 24, 2013, both after markets close. Due to the different time zones, for Hong Kong 1Q13 production report will be released on Thursday, April 18, and financial results will be released on Thursday, April 25, both before markets opening.

Vale will release simultaneously consolidated financial statement in IFRS (International Financial Reporting Standards), in USD and BRL.

Vale will host two conference calls and webcasts on Thursday, April 25. The first, in Portuguese (non-translated), will begin at 10:00 a.m. Rio de Janeiro time. The second, in English, at 12:00 p.m. Rio de Janeiro time, 11:00 a.m. US Eastern Standard Time, 4:00 p.m. British Standard Time, and 11:00 p.m. Hong Kong time.

Dial in to conference calls/webcasts:

In Portuguese:
Participants from Brazil: (55 11) 4688-6341
Participants from the US: (1 855) 281-6021
Participants from other countries: (1 786) 924-6977
Access code: VALE

In English:
Participants from Brazil: (55 11) 4688-6341
Participants from USA: (1 866) 262-4553
Participants from other countries: (1 412) 317-6029
Access code: VALE

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Vale obtains operating permit for CLN 150
Rio de Janeiro, April 08, 2013 - Vale S.A. (Vale) informs that it has been granted the operational license (LO) of Pier IV in the Ponta da Madeira (PDM) maritime terminal in the state of Maranhão, Brazil, issued by the state environmental authority (SEMA). The LO encompasses the onshore and offshore parts of Pier IV.

The onshore part comprises two car dumpers, two stockyards, one stacker, two reclaimers and conveyor belts. The offshore part contains the South berth of Pier IV, an access bridge (1.6 km), a ship loader with the respective loading line (16,000 tons per hour), environmental monitoring system, a tugboat pier and other equipment.

The LO represents a crucial step of the logistical support towards growth of the Carajás iron ore production, to the extent that Vale has all the environmental licenses required for the port operations of CLN 150.

CLN 150 allows the expansion of Carajás logistics capacity to 150 million metric tons of iron ore per year (Mtpy), involving the duplication of 125 km of the Carajás railroad, and the construction of a rail terminal, in addition to Pier IV of PDM.

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Vale pays first tranche of the 2013 minimum dividend
Rio de Janeiro, April 16, 2013 - Vale S.A. (Vale) informs that its Board of Directors approved today the payment of the first installment of the 2013 minimum dividend to shareholders amounting to US$ 2.250 billion (R$ 4,452,750,000.00), equivalent to US$ 0.436607084 (R$ 0.864045420) per outstanding common or preferred share (5,153,374,926).

Vale's Executive Board proposal for the dividend to be paid to its shareholders in 2013, publicly disclosed on January 28, 2013, established a minimum amount for the year of US$ 4 billion, equivalent to US$ 0.776190372 per outstanding common or preferred share, to be paid in two installments, on April 30 and October 31, 2013. The dividend was proposed in accordance with Vale's dividend policy.


Form of payment

Payment of the first tranche of the minimum dividend will be made as follows:

1. Distribution of R$ 4,452,750,000.00 equivalent to R$ 0.864045420 per outstanding common or preferred share, based on the number of shares on April 15, 2013 (5,153,374,926), being R$ 3,661,150,000.00 in the form of interest on capital and R$ 791,600,000.00 in the form of dividends, equivalent to, per share, US$ 0,358988047 (R$ 0.710437345) as interest on capital and US$ 0.077619037 (R$ 0.153608075) as dividends.

The values were obtained from the conversion of the US dollar value into Brazilian reais using the exchange rate for the sale of US dollar (Ptax - option 5 code), as informed by the Central Bank of Brazil on April 15, 2013, of R$ 1.9790 per US dollar, as announced on January 28,2013.

2. The payment will be made from April 30, 2013 onwards. The holders of American Depositary Receipts (ADRs) and Hong Kong Depositary Receipts (HDRs) will receive the payment through JP Morgan, the depositary agent for the ADRs and HDRs, on May 7 and 10, 2013, respectively. A withholding income tax will be levied on the amount distributed as interest on capital, in accordance with Brazil's tax code.

3. The record date for the owners of shares traded on the BM&F Bovespa is April 16, 2013. The record date for the holders of ADRs traded on the New York Stock Exchange (NYSE) and Euronext Paris is April 19, 2013 and for the holders of HDRs traded on the Hong Kong Stock Exchange (HKEx) is at the close of business in Hong Kong on April 19, 2013. All shareholders on these respective record dates will have the right to the dividend payment.

4. Vale shares will start trading ex-dividend on BM&F Bovespa, NYSE and Euronext Paris as of April 17, 2012, and on HKEx as of April 18, 2013.

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BASE METALS: DELIVERING A GOOD PERFORMANCE
Rio de Janeiro, April 17, 2013 - Vale S.A. (Vale) production in 1Q13 was marked by a strong operational performance of the base metals assets. Output of copper and cobalt reached all-time high figures while nickel had its best first quarter of the last three years.

Three base metals projects are ramping up production and all of them are doing well, according to plan.

Salobo I - copper and gold - operated at 65% of its nominal capacity in March, the sixth month after the start-up. Lubambe, our Zambian copper JV, produced 4,600 metric tons of copper in concentrates - 100% basis - in its first full quarter of operation.

VNC started the operation of the second of its three lines in February and its total production in the quarter was 5,100 t of nickel contained in NHC (nickel hydroxide cake) and NiO (nickel oxide), 3,900 t higher than 4Q12. VNC also produces cobalt as a by-product, and its output reached 372 t, almost four times the volume delivered in 4Q12.

Due to seasonal factors, the first quarter is the weakest of the year as production is affected by the rainy season in the Southern Hemisphere, particularly causing negative impacts on iron ore, manganese and copper (Brazil) and coal (Australia and Mozambique) output performance.

This year, rainfall in our iron ore mining sites in Brazil was in line with its seasonal pattern, being more concentrated on the coastal regions, raising challenges for the operation of our maritime terminals, Ponta da Madeira, Tubarão, Guaíba Island and Itaguai. Similarly to 1Q12, production dropped on a year-on-year basis, this time influenced by constraints related to permits and other operational issues.

Despite the 3.5% year-on-year drop, we maintain the production guidance of 306 Mt of iron ore for 2013 (excluding Samarco).

The operational license (LO) for the port operations of the CLN 150 project was granted. CLN 150 was designed to enable the expansion of Carajás logistics capacity to 150 million metric tons of iron ore per year (Mtpy). Its other sections, the duplication of 125 km of the Carajás railroad and the construction of a rail terminal at Ponta da Madeira, are underway and expected to come on stream by 1H14.

Coal production had its best first quarter, at 1.7 Mt, rising 16.6% against 1Q12. The performance of our Australian operations, in particular Carborough Downs, more than offset the fall in Moatize´s output.

On February 18, 2013, Vale declared force majeure - cancelled on March 20 - following heavy rainfall in Mozambique. This created serious challenges to the Linha do Sena railway, which caused an estimated loss of 500,000 t in our coal shipments. As a consequence, the production of Moatize was 16.8% below 1Q12.

Manganese output, at 501,000 t, recorded the best performance of a first quarter since 1Q08.

Production of phosphate rock was 2.0 Mt, a record for a first quarter, helped by the good performance of Bayóvar.

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Produktionsdaten für das 1. Quartal 2013

http://www.vale.com/EN/investors/home-press-releases/Press-R…

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Performance of Vale in 1Q13
CONTINUING THE TURNAROUND
Costs and expenses as a major source of improvement

Rio de Janeiro, April 24, 2013 - Vale S.A. (Vale) had a solid financial performance in the first quarter of 2013 (1Q13), showing sequential increases in operating income, operating margin, earnings and cash generation.

Operating income, at US$ 4.2 billion, was 41.4% higher than in 4Q12, while operating margin surged to 38.0%, 1,400 basis points higher. Underlying earnings were US$ 3.2 billion, US$ 1.2 billion above last quarter.

Cash generation, measured by adjusted EBITDA, was 18.1% higher, reaching US$ 5.2 billion. It was second only to the figure for a 1Q in 2011, when iron ore, nickel and copper prices peaked on the back of the sharp recovery from the Great Recession of 2008-2009. It is worthwhile to notice that out of the US$ 1.9 billion cash received in 1Q13 as part of the gold streaming transaction - which has unlocked substantial value hidden in our base metals assets - only US$ 244 million was accrued as adjusted EBITDA due to accounting rules.

The quality of our financial performance is highlighted by the fact that cost and expenses were an important source of improvement, for the first time in many years. Operating costs as well as SG&A and other expenses were meaningfully reduced as an outcome of several initiatives being implemented. It is not an one-off event and we remain strongly committed to pursue further significant decreases in operating costs, SG&A and other expenses.

Despite the progress achieved, there is still a long road towards the transformation of the cost structure to guarantee shareholder value creation through the cycles, mitigating the influence of price gyrations.

The base metals operations are being revamped. Operating margins and cash generation have improved and the three projects in ramp-up - VNC, Salobo and Lubambe - are running as planned. The ramp-up of Salobo and VNC is reflected on the significant reduction of pre-operating and idle capacity expenses. Moreover, the first review of VNC in 2013 leaves us confident in its feasibility.

As previously reported, 1Q13 was marked by a strong operational performance of the base metals assets, with copper and cobalt posting record production and nickel presenting its best first quarter since 2009.

Even in face of an output fall, we managed to maintain shipments of iron ore slightly above the level of 1Q12, employing our distribution network to use inventories to continue to maximize our exposure to the price recovery.

Realized iron ore prices have risen, but the increase was smoothed due to materially lower prices on contracts priced referencing price indices average for the past quarter with a one month lag.

Capital and R&D expenditures were US$ 4.0 billion, 8.4% higher than 1Q12 and in line with the US$ 16.3 billion budgeted for this year. R&D expenditures continued to drop, reflecting discipline in capital allocation, a key strategic priority.

A new milestone in the expansion of Carajás iron ore operations was attained with the environmental license to operate the port facilities of the CLN 150, which was structured to expand logistics capacity to 150 Mtpy of iron ore.

On April 30, the first tranche of the minimum dividend announced in January will be paid. This amounts to US$ 2.25 billion, equivalent to US$ 0.4366 per share.

Financial highlights in 1Q13:

Operating revenues totaled US$ 11.2 billion, decreasing 10.7% over 4Q12. The reduction was primarily due to the effect of lower volumes.
Income from existing operations, as measured by adjusted EBIT(a) (earnings before interest and taxes), was US$ 4.2 billion, rising from an adjusted EBIT - excluding the effects of non-cash non-recurring items - of US$ 2.9 billion in 4Q12 and US$ 3.9 billion in 1Q12.
Operating income margin of 38.0%, as measured by adjusted EBIT margin.
Underlying earnings in 1Q13 were US$ 3.2 billion, equal to US$ 0.62 per share on a fully diluted basis, against US$ 2.0 billion in 4Q12, net of the accounting effects of non-cash non-recurring items and US$ 3.6 billion in 1Q12. Higher tax payments and lower monetary and exchange variations are the main reasons for the yearly decrease in underlying earnings, more than offsetting the higher adjusted EBIT.
Cash generation, as measured by adjusted EBITDA(b) (earnings before interest, taxes, depreciation and amortization) - excluding the effects of non-cash non-recurring items - of US$ 5.2 billion, 18.2% above 4Q12.
Capex - excluding acquisitions - in 1Q13 equaled to US$ 4.0 billion, 8.4% higher than 1Q12.
Investments in corporate social responsibility reached US$ 210 million, US$ 163 million of which was destined to environmental protection and conservation and US$ 47 million to social projects.
Maintenance of a strong balance sheet, with low debt leverage, measured by total debt/LTM adjusted EBITDA, equal to 1.6x, long average maturity, 10.0 years, and low average cost, 4.6% per year as of March 31, 2013.

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Unsicherheiten bei der Prognose
Vielfältige Erwartungen beim Eisenerz
Autor: Björn Junker | 26.04.2013, 16:02 | 256 Aufrufe | 0 |
Die Preise für Eisenerz sind in den vergangenen Wochen weiter zurückgegangen. Über die künftige Preisgestaltung herrscht am Markt eine gewisse Uneinigkeit.

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159 Dollar kostete eine Tonne Eisenerz im laufenden Jahr in der Spitze. Seitdem hat sich der für die Produktion von Eisen so wichtige Rohstoffe klar verbilligt. Zuletzt wurden rund 135 Dollar je Tonne bezahlt. Über die Preisgestaltung in den kommenden Wochen gibt es am Markt verschiedene Meinungen.

Klar scheint, dass zumindest in der kommenden Woche die Nachfrage nach Eisenerz sinken wird. In China, dem wichtigsten Markt für Eisenerz, gibt es mehrere Feiertage. Von Montag bis Mittwoch wird in der Stahlproduktion kaum etwas laufen, ob am Donnerstag wieder Routine eintreten wird, darf bezweifelt werden. Somit sollte zumindest kurzfristig auch der Erzpreis weiter gedrückt bleiben.

Gedrückt wird der Preis in den kommenden Monaten zudem durch höhere Kapazitäten der Erzproduzenten. So wird der brasilianische Erzgigant Vale (WKN: 897998) in Australien seine Kapazitäten ausweiten. Das wird im zweiten Halbjahr für 30 bis 40 Millionen weitere Tonnen Erz am Markt sorgen und den Preisdruck verschärfen. Bei Vale hält man daher zunächst auch Preise von 110 Dollar je Tonne für wahrscheinlich. Man zeigt sich jedoch zuversichtlich, dass der Markt die zusätzliche Menge nach einer kurzen Schockphase aufnehmen wird. Denn man sieht in China eine Reihe von Hinweisen für ein besseres Marktumfeld. Auch der indische Markt wird von den Verantwortliche bei Vale inzwischen etwas positiver gesehen. Die Stahlproduktion für den inländischen Markt wird auf dem Subkontinent voraussichtlich anziehen, die Exportzahlen werden davon jedoch nicht profitieren.

Dementsprechend weit gefasst ist die Vale-Schätzung für die Entwicklung des Erzpreises. Sie reicht von 110 Dollar bis 160 Dollar. Bei der Standard Bank hält man im zweiten Quartal Preise zwischen 129 Dollar und 138 Dollar für wahrscheinlich. Hier verweist man auf niedrige Lagerbestände in China. Die dortigen Stahlproduzenten haben ihre Lagerbestände verringert und kaufen eher kurzfristig nach Bedarf als auf lange Sicht ein. Die Analysten fürchten jedoch, dass die chinesische Regierung auf dem dortigen Markt bald regulierend eingreifen könnte. Peking will demnach Überkapazitäten vermeiden und könnte einige Produktionsanlagen „aus Umweltgründen” stilllegen. Dies hätte einen negativen Einfluss auf die Nachfrage nach Erz und somit auf den Preis.

Chinesische Experten halten daher auch niedrigere Preise für möglich. Die „China Iron and Steel Association” geht für 2013 von einem durchschnittlichen Erzpreis von 115 Dollar je Tonne aus. Das wäre für viele Erzförderer ein schwerer Schlag und würde die Gewinne drücken.

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Vale obtains installation license for railway spur
Rio de Janeiro, May 6, 2013 - Vale S.A. (Vale) informs that it has been granted the installation license (LI) and vegetation clearing permit for the rail spur that will connect the Southern Range of Carajás mining district to the Carajás railway (EFC), in state of Pará, Brazil, issued by the Instituto Brasileiro do Meio Ambiente e dos Recursos Naturais Renováveis (IBAMA).

The licenses allows us to start the construction of the 101 km rail spur that will connect S11D stockyard to EFC, of which 85 km refers to the main line and 16 km to the rail loop. The rail spur is part of the CLN S11D project, which will allow the expansion of Carajás logistics capacity to 230 million metric tons per year of iron ore.

S11D is the largest project in Vale's history and also in the iron ore industry, being our major lever for production capacity growth and for maintaining Vale's undisputed leadership in the global market in terms
of volume, cost and quality.

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Brazil's Vale CEO: 12 Groups Interested In Logistics Unit


RIO DE JANEIRO--Brazilian mining company Vale SA (VALE) has heard from 12 groups, many of them based in Asia, that interested in buying stakes in its VLI logistics unit as the company seeks partners, Chief Executive Murilo Ferreira said Thursday.

Vale's board will likely discuss the proposals at its next meeting, in June, Mr. Ferreira said on the sidelines of the Brazilian Steel Congress.

VLI, which stands for Vale Logistica Integrada, includes a number of railroads, ports and terminals across Brazil. Late last year, Vale disclosed it was seeking partners to buy up to a 50% stake in the unit.



Write to Paul Kiernan at [e-mail].


Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

May 09, 2013 08:54 ET (12:54 GMT)

Copyright (c) 2013 Dow Jones & Company, Inc.

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Veränderungen nahen Brasilien erhält neues Bergbaugesetz


Autor: Björn Junker
| 18.06.2013, 15:52 | 213 Aufrufe | 0 | druckversion

46 Jahre lang hat sich das Bergbaugesetz in Brasilien nicht wesentlich verändert. Jetzt wird eine neue Version vorgelegt, die Auswirkungen sind noch unklar.

Möglicherweise noch heute stellt die brasilianische Präsidentin Dilma Rousseff ein neues Bergbaugesetz vor. Seit 2009 arbeiten Experten an einer neuen Version des zuletzt 1967 aufgelegten Gesetzes. Dass die Zeiten sich geändert haben und die alte Version angepasst werden muss, ist bei allen Beteiligten unbestritten. Doch die ersten Arbeiten für das neue Gesetz fallen noch in eine Zeit, da die Gewinne der Bergbaubranche sprudelten. 2009 war die Welt noch eine andere, inzwischen drehen Bergbaugesellschaften jeden Dollar zwei Mal um.

Ob das Gesetz auch die neuen Zeichen der Zeit erkannt hat, ist unklar. Manch ein Beobachter verweist darauf, dass Dilma Rousseff vor der Übernahme der Präsidentschaft schon an einem neuen Öl- und Stromgesetz mitgewirkt hat. In der Folge haben sich die Kosten deutlich erhöht, die Umsätze der Konzerne sind gesunken, die Aktienkurse wurden belastet. Es gibt Gerüchte, dass auch das neue Gesetz nicht unbedingt industriefreundlich ausfällt.

Doch die Präsidentin braucht die internationalen Konzerne und Investoren im Land, sie kann sie nicht verprellen. Die jüngsten sozialen Unruhen machen deutlich, dass die Bevölkerung eine Veränderung der Situation befürwortet. Der Bergbau kann durch neue Arbeitsplätze dabei helfen. Daher vermuten viele, dass die neuen Regeln eine Brücke zwischen allen Beteiligten bauen werden, dass sie moderater als befürchtet ausfallen könnten. Demnach sollen die Bergbauroyalties nur auf 4 Prozent verdoppelt werden, um Investoren nicht zu verschrecken oder gar aus dem Land zu vertreiben.

Es soll ferner eine Bergbauagentur entstehen, die sich um die Belange der Branche kümmern soll, zudem sollen Bergbaurechte versteigert werden. In Brasilien gibt es die Regelung, dass nur die Regierung über die Rohstoffe entscheiden kann, die unter der Erdoberfläche liegen, die Besitzer des Landes haben darauf keinen Einfluss. Besitzer von Lizenzen sollen mit der Exploration starten, ansonsten könnten sie ihre Rechte verlieren. Die Regierung will also aufs Tempo drücken.

Seit mehr als einem Jahr hat die Regierung jedoch keine neuen Lizenzen mehr vergeben. Man wollte das neue Gesetz abwarten. Dies hat die Arbeiten der gesamten Bergbaubranche negativ beeinflusst, teils ist es zu einem Stillstand gekommen. Das neue Gesetz wird demnach auf jeden Fall für eine Aufbruchstimmung sorgen, nimmt es doch eine gewisse Unsicherheit weg, so dass Konzerne wieder besser planen können – wenn die Rahmenbedingungen stimmen.

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DJ TOP DE: Vale fordert Entschädigung von ThyssenKrupp - Zeitung



Dem Stahl- und Technologiekonzern ThyssenKrupp droht bei seinem Stahlwerk in Brasilien weiterer Ärger. Das Bergbauunternehmen Vale fordert offenbar von seinem deutschen Joint-Venture-Partner eine Entschädigung von 300 Millionen Real, umgerechnet etwa 112 Millionen Euro. Vale wirft Thyssen Missmanagement bei dem gemeinsamen Stahlwerk in Rio de Janeiro vor, berichtet die Zeitung O Estado de S. Paulo.

Damit aber nicht genug. Dem Bericht zufolge will die Vale SA darüber hinaus, dass Thyssen dem Joint Venture, Companhia Siderurgica do Atlantico (CSA), 800 Millionen Real Schulden erlässt. Unter anderem moniere Vale, dass der Koksofen nach Fertigstellung beschädigt worden sei, und so weitere Kosten verursacht worden seien.

Mit 8,2 Milliarden US-Dollar seien die Projektkosten bei CSA deutlich höher ausgefallen als die veranschlagten 3 Milliarden, so die Zeitung. Vale hatte den CSA-Anteil, auch wegen Problemen des Gemeinschaftsunternehmens, von 10 Prozent auf 26,87 Prozent erhöht.

Vertreter von Vale waren zunächst nicht für einen Kommentar erreichbar. Ein ThyssenKrupp-Sprecher lehnte auf Anfrage einen Kommentar zu dem Bericht aus Brasilien ab. Er sagte lediglich: "Die Gespräche über einen Verkauf von Steel Americas laufen weiter." Darin sei auch der Partner Vale einbezogen. Es sei im Übrigen weiter Ziel von ThyssenKrupp, zeitnah eine Einigung über den Verkauf zu erzielen.

Die amerikanischen Stahlwerke von ThyssenKrupp sind bereits ein Milliardengrab für den DAX-Konzern. Allein im vergangenen Geschäftsjahr haben die Duisburger 3,6 Milliarden Euro auf die Anlagen abgeschrieben, im zweiten Geschäftsquartal kamen dann nochmal mehr als 680 Millionen Euro hinzu. Nach den jüngsten Wertkorrekturen stehen die amerikanischen Stahlwerke nur noch mit rund 3,4 Milliarden Euro in den Büchern von ThyssenKrupp.

Angesichts der Probleme in Übersee bemüht sich Thyssen schon seit einem Jahr, die Stahlwerke zu verkaufen. Als aussichtsreichste Bieter hatten informierte Personen zuletzt das brasilianische Stahlunternehmen CSN bezeichnet. Der Konzern soll den Informationen zufolge etwas mehr als 3 Milliarden US-Dollar für beide Werke geboten haben.

Probleme mit dem Partner Vale würden ThyssenKrupp zu einem ungünstigen Zeitpunkt treffen. Der Großkonzern hat an mehreren Fronten zu kämpfen: ThyssenKrupp ist hoch verschuldet und bemüht sich intensiv, die Schulden zu senken - auch eine Kapitalerhöhung wird nicht mehr ausgeschlossen. Zudem könnten illegale Preisabsprachen auf dem Schienenmarkt für den Konzern noch teurer werden als ohnehin schon, das Bundeskartellamt ermittelt immer noch. Darüber hinaus drohen hohe Schadensersatzforderungen der geschädigten Unternehmen.

Mitarbeit: Hendrik Varnholt

Kontakt zum Autor: [e-mail]

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DJ TOP DE: Stahlkonzern Vale nicht in Thyssen-Verkaufsgespräche eingebunden



Von Rogerio Jelmayer und Paul Kiernan

SAO PAULO--Der deutsche Stahlkonzern ThyssenKrupp führt die Verkaufsgespräche über sein Werk in Brasilien bislang offenbar ohne seinen dortigen Partner Vale. Der brasilianische Bergbaukonzern ist jedenfalls noch nicht über die jüngsten Pläne des deutschen Unternehmens unterrichtet worden, wie Vale-Chef Murilo Ferreira sagte. Über den angeblichen Vorschlag von Thyssen, dass Vale den Anteil an dem Stahlwerk in Brasilien erhöht, seien die Brasilianer nicht informiert worden.

Das ThyssenKrupp-Werk in Brasilien hatte sich ebenso wie das Werk in den USA zu einem Milliardengrab für den DAX-Konzern entwickelt. Deshalb will Thyssen die Standorte seit geraumer Zeit verkaufen. Darüber verhandeln die Deutschen mit dem brasilianischen Stahlkocher CSN. An dem Stahlwerk in der Nähe von Rio de Janeiro hält Vale einen Anteil von 27 Prozent.

Die Tageszeitung Valor Economico hatte nun berichtet, eine der möglichen Optionen sei, dass Vale die Beteiligung an dem Stahlwerk auf 33 Prozent erhöht. CSN würde ein weiteres Drittel übernehmen und Thyssen das restliche Drittel behalten. Vale hatte bereits in der vergangenen Woche betont, kein aktiver Teilnehmer an dem Verkaufsprozess sein zu wollen. Dem Minenkonzern geht es vor allem darum, als exklusiver Lieferant von Eisenerz für das Werk im Spiel zu bleiben.

ThyssenKrupp will die beiden Werke in Brasilien und im US-Bundesstaat Alabama, die noch mit 3,9 Milliarden Euro in den Büchern des Konzerns stehen, schon seit längerem loswerden. Erst im vergangenen Geschäftsjahr musste das Unternehmen 3,6 Milliarden Euro auf die Produktionsstätten abschreiben. Dies trug wesentlich zum Jahres-Nettoverlust des Konzerns von rund 5 Milliarden Euro bei. Insgesamt hat ThyssenKrupp für die Anlagen inklusive Hochlaufkosten bislang rund 12 Milliarden Euro ausgegeben.

Der DAX-Konzern wollte mit dem Engagement in den USA und in Brasilien die Stahlfertigung auf zwei Kontinenten verbinden und dabei von niedrigen Lohn- und Energiekosten in Brasilien sowie den hohen Preisen für Endprodukte in den USA profitieren.

Die beiden Fabriken gelten als die weltweit modernsten Industrieanlagen der Branche. Nach den ursprünglichen Plänen hatte ThyssenKrupp das US-Werk mit Stahlbrammen aus der brasilianischen Produktionsstätte speisen wollen. Abnehmer sollte unter anderem die Autoindustrie in den USA sein.

Kontakt zum Autor: [e-mail]

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[mickefett]

Vale obtains installation license for S11D


Rio de Janeiro, July 3, 2013 - Vale S.A. (Vale) informs that it has obtained the installation environmental license (LI) to the iron ore project Carajás S11D (S11D), the highest grade and lowest cost world-class project in the industry. With the issuance of the LI, Vale's Board of Directors approved the complete S11D program, comprised of investments in the mine, processing plant, railway capacity and port.

The LI was issued by Instituto Brasileiro do Meio Ambiente e dos Recursos Naturais Renováveis (IBAMA) and is part of the project's second phase of licensing, which authorizes the plant construction.

S11D is the largest project in Vale's history and also in the iron ore industry, being a major lever for value creation, production capacity growth and for maintaining Vale's undisputed leadership in the global market in terms of volume, cost and quality.

A high value-adding project

The total capex for S11D is US$ 19.671 billion, estimated at a 2.00 BRL/USD exchange rate, encompassing: the development of mine and processing plant (US$ 8.089 billion) and logistics (US$ 11.582 billion).

The project has a nominal capacity of 90 million metric tons per year (Mtpy) of iron ore with proven and proved reserves of 4.240 billion metric tons with an average ferrous content of 66.7%, low impurities and estimated cash cost (mine, plant, railway and port after royalties) of US$ 15.00 per metric ton (at a 2.00 BRL per USD exchange rate). S11D is expected to start-up in 2H16 and to deliver full capacity production in the 2018 calendar year.

CLN S11D will increase our logistics capacity to 230 Mtpy, and involves the construction of a rail spur, new railway sections with dual tracks, rail terminals and onshore and off-shore investments. The start-ups will occur from 1H15 to 2H18. The capex for CLN S11D comprises investments in logistics of US$ 10.363 billion, US$ 1.036 billion of rolling stock and US$ 183 million transferred from CLN 150 to CLN S11D.

The S11D project will establish the basis for building new platforms of value creation through the future development of low investment cost brownfield projects, sustaining the leadership of Vale in the iron ore global market.

Status of execution

The engineering is almost fully completed and the equipment and services packages for the whole program (S11D and CLN S11D) are 23% contracted and 45% to be hired with firm proposals. As of the end of May 2013, S11D was at 44% of physical progress in the mine and processing plant as a result of our strategy to build modules outside the construction site. The CLN S11D was at 8% physical progress.

Until May 2013, we already executed US$ 2.736 billion. Capital expenditures will be executed until the end of the ramp-up in 2018, although they are expected to be more concentrated during 2014-2016.

Technology innovation and sustainability

Consistent with the objective with long-term sustainable value creation, we developed technological
solutions focused on environmental protection, with more efficient use of natural resources and reduction of pollutants emission.

With the use of the truckless mining concept, off-the-road trucks will be replaced by a structure composed of excavators and mobile crushers that will extract the iron ore and feed the conveyor belts that will transport it to the beneficiation plant.

The processing of iron ore using its natural moisture (dry process) is another technology that will mitigate the environmental impacts. This technique eliminates the generation of tailings with the maximum use of ore, since the finest feeds, which would be lost in the conventional process, are within the final product.

Once the S11D mine and plant are operating, there will be decreases of 93% and 77% of water and fuel consumption, respectively, allowing for a 50% cut in greenhouse gases emissions, when compared to conventional methods. The dry process will also reduce electricity consumption of 18,000 MW per year and eliminate the need of tailings dam, minimizing the interference in native environments.

Carajás high quality iron ore has lower operating costs and higher value-in-use for the steel industry, because it implies higher productivity, lower fuel consumption and carbon emissions, which magnifies the sensitivity of global demand to the expansion of the metal production and contributes to sustainability throughout the supply chain. At the same time, with the progressive impoverishment of the iron ore quality throughout the world, the demand for high quality minerals tends to grow to meet increased blending needs, which make them less sensitive to the effects of economic recessions.

The increase in production of high quality iron ore is in line with Vale's growth and value creation strategy based on a world class asset platform, active portfolio management and discipline in capital allocation.


--------------------------------------------------------------------------------


For further information, please contact:
[phone]
Roberto Castello Branco: [e-mail]
Viktor Moszkowicz: [e-mail]
Carla Albano Miller: [e-mail]
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Marcelo Bonanca: [e-mail]
Marcio Loures Penna: [e-mail]
Samantha Pons: [e-mail]

[mickefett]

Vale contracts a US$ 2 billion revolving credit facility


Rio de Janeiro, July 4, 2013 - Vale S.A. (Vale) announces that it has entered into a contract for a five-year revolving credit line facility of US$ 2 billion in a best effort transaction.

The revolving credit line was arranged by a bank syndicate comprised by 16 global commercial banks. The syndicate includes the following banks: Barclays, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Crédit Agricole, Citibank, Deutsche Bank, HSBC, Intesa San Paolo, JP Morgan, Mizuho, Natixis, Royal Bank of Canada, The Bank of Nova Scotia, Société Générale, Standard Chartered and Sumitomo.

Vale and some of its wholly-owned subsidiaries can draw funds over the five-year tenor of the facility.

With this facility the total amount of revolving credit lines is US$ 5 billion, as we already have an existing US$ 3 billion line, which will mature in 2016. The revolving credit lines work as a short term liquidity buffer that enhances our liquidity and allows more efficient cash management, consistent with Vale's strategic focus on cost of capital reduction.

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Vale announces date for production report


Page Content
Rio de Janeiro, July 22, 2013 – Vale S.A. (Vale) informs that it will release its 2Q13 production report on Wednesday, August 7, 2013, along with the financial performance report, after markets close.

Due to the different time zones, for Hong Kong 2Q13 production report and the financial results will be released on Thursday, August 8, before markets opening.

[mickefett]

Neue Rekorde bei Kupfer, Gold und Kohle Vale erleidet Gewinneinbruch


Gastautor: Björn Junker
| 08.08.2013, 14:17 | 195 Aufrufe | 0 | druckversion

Dass die Zahlen nicht spektakulär ausfallen würden, war allgemein erwartet worden. Ein derartiges Minus ist jedoch eine sehr negative Überraschung – trotz aller Produktionsrekorde.





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Noch nie hat der Rohstoffgigant Vale (WKN: 897998) in einem Quartal so viel Gold, Kupfer und Kohle aus dem Erdreich geholt wie im zweiten Quartal des laufenden Geschäftsjahres. 63.000 Unzen Gold (+72 Prozent), 91.000 Tonnen Kupfer (+30 Prozent) und 2,37 Millionen Tonnen Kohle (+25 Prozent) werden gefördert. Doch all das hilft nichts. Die sinkenden Rohstoffpreise sowie starke Währungseffekte drücken Umsatz und Gewinn der Brasilianer.

Der Umsatz sinkt um 11,5 Prozent von 12,47 Milliarden Dollar auf 11,03 Milliarden Dollar. Der Konsens lag bei 11,6 Milliarden Dollar und wird somit klar verfehlt. Noch deutlicher ist die Enttäuschung beim Gewinn. Hier meldet der Konzern 424 Millionen Dollar nach 2,64 Milliarden Dollar im Vorjahr. Umgerechnet bleiben 0,08 Dollar je Aktie übrig, während es vor einem Jahr noch 0,52 Dollar waren. Die Analysten hatten mit 2,46 Milliarden Dollar Gewinn gerechnet. Hier stehen somit einige Analysen vor der Überarbeitung, der Konsens für das Gesamtjahr ist vermutlich nicht mehr haltbar. Es könnte zu Abstufungen oder neuen Kurszielen kommen.

Das bereinigte Ergebnis vor Zinsen, Steuern und Abschreibungen fällt von 5,5 Milliarden Dollar auf 4,96 Milliarden Dollar zurück, während der Marktkonsens bei 5,28 Milliarden Dollar lag.

Die Gesellschaft versucht mit allen Mitteln, dem negativen Trend entgegenzusteuern. So hat man die Ausgabe im Jahresverlauf um 1,6 Milliarden Dollar reduziert. Entsprechend zeigt man sich bei Vale optimistisch. Der heftige Gewinneinbruch wird mit Einmaleffekten und Währungseffekten begründet, die operativen Zahlen seien deutlich besser. Ähnlich sehen dies auch Analysten in Brasilien. Dort wird der Gewinneinbruch relativ entspannt gesehen. Man glaubt, dass die schwache brasilianische Währung im kommenden Quartal auf das operative Geschäft sogar positive Auswirkungen haben könnte.

Im ersten Halbjahr steigt die Kupferförderung bei Vale um fast 27 Prozent auf 181.000 Tonnen an. Die Erzförderung sinkt hingegen um 6,5 Prozent auf fast 141 Millionen Tonnen. Für das Gesamtjahr geht man von einer Förderung von 306 Millionen Tonnen aus. Auch die Silberförderung verringert sich. Ein Minus von 16 Prozent bedeutet, dass Vale 972.000 Unzen gefördert hat. Das derzeit in aller Munde befindliche Kali kann ebenfalls nicht zulegen. Die Produktion verringert sich von Januar bis Juni um rund 5 Prozent auf 233.000 Tonnen.

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VALE'S PERFORMANCE IN 2Q13


DELIVERING ON THE PROMISES: SUSTAINING COST REDUCTION

Rio de Janeiro, August 07, 2013 - Vale S.A. (Vale) had a solid financial performance in the second quarter of 2013 (2Q13) amidst an environment of below-trend global economic growth and declining minerals and metals prices. Operating revenues were US$ 11.3 billion, operating income, as measured by adjusted EBIT, reached US$ 3.6 billion, adjusted EBITDA US$ 5.0 billion, and underlying earnings US$ 3.3 billion, US$ 0.64 per share.

Copper, gold and coal production achieved all-time high figures, at 91,300 t, 63,000 oz and 2.4 Mt, respectively, while nickel output remained at 65,000 t, its best second quarter since 2Q08. Salobo is ramping up successfully, beginning to generate cash in June.

We are executing our business plan, which provides exposure to a large world-class natural resource base and multiple opportunities for shareholder value creation, underpinned by a greater focus on cost and capital management discipline, financial strength and an efficient logistics infrastructure. In this context, we are concluding important base metals projects, such as Salobo II copper, executing some world-class bulk materials projects, such as Carajás S11D iron ore and Moatize II coal, expanding the logistics network - Teluk Rubiah, CLNS 11D and the Nacala Corridor - to support our global operations. Simultaneously, we are divesting non-core assets, cutting research and development (R&D) expenditures, operating costs and corporate expenses and maintaining a strong balance sheet.

We have continued to deliver on our promises. The several initiatives under way are producing sequential improvements: total costs and expenses fell by US$ 736 million in 2Q13 versus 2Q12, accumulating a reduction of US$ 1.6 billion in the first half of 2013 (1H13) compared to 1H12 - driven by decreases in costs by US$ 845 million (8%), sales, general and administrative (SG&A) expenses by US$ 435 million (42%) and R&D by US$ 324 million (49%).

Supported by the cost cutting efforts, adjusted EBITDA remained steady at US$ 10.2 billion in the first half of this year, declining only US$ 304 million on a year-on-year basis, notwithstanding the US$ 2.1 billion fall in revenues determined mostly by price decreases.

We are strongly committed to persist in our relentless efforts to pursue a cost structure consistent with continuous value creation through the cycles. In addition to our own efforts, the cost performance of 2Q13 was reached with an average Brazilian real (BRL) / US dollar (USD) exchange rate of 2.07 in 2Q13, thus highlighting potential opportunities for further savings, given that the BRL/USD stood at 2.23 at the end of 2Q13.

Iron ore sales were slightly above planned, 61.9 Mt in 2Q13 and 117.6 Mt in 1H13, and in line with 1H12. The average price for our iron ore shipments changed to US$ 99.20 from US$ 111.70 in 1Q13, as we managed to cushion the effect of the fall of the IODEX 62% Fe to US$ 125.95 in 2Q13 from US$ 148.40, given the mix of different pricing mechanisms in our sales portfolio. Revenues were sustained at US$ 6.1 billion and adjusted EBITDA for ferrous minerals kept steady at US$ 4.7 billion, the same level as 1Q13.

Our total debt came to US$ 29.9 billion from US$ 30.2 billion at the end of 1Q13, despite paying US$ 2.25 billion in dividends and investing US$ 3.6 billion in 2Q13, thus contributing to sustain our financial leverage at 1.6 times the adjusted EBITDA for the last twelve-month period, a low level for this stage of the cycle.

Cash position was shored up by important improvements in working capital resulting from a series of initiatives to increase efficiency and optimize capital management. The number of days of receivables was shortened to 40.1 in 2Q13 against 50.6 in 1Q13. This has contributed to free cash in the amount of US$ 1.3 billion when compared to March 2013. Inventories also fell by US$ 378 million in 2Q13 versus 1Q13.

One important milestone was attained in July with the granting by the Brazilian environmental protection agency (IBAMA) of the installation license (LI) for Carajás S11D, the largest, highest quality and lowest cost world-class iron ore project in the global industry. Given the combination of high quality and low operating costs, S11D has the potential to generate sizable shareholder value even in the face of a scenario of low iron ore prices.

We also reached completion of work on several projects to increase the railway capacity on the Carajás railroad (EFC), an important enabler of production growth for the Additional 40 Mtpy project.

The license to implement S11D, the improving operational performance of base metals on the back of the successful ramp-up of Salobo, and the strong financial performance supported by lower costs and expenses will uniquely position Vale to be amongst the clear winners in the natural resources industry in the years to come.

Financial highlights in 2Q13:
•Operating revenues totaled US$ 11.3 billion, in line with 1Q13. The increase in sales volumes was partially offset by lower prices.
•Income from existing operations, as measured by adjusted EBIT (earnings before interest and taxes), was US$ 3.6 billion, versus US$ 4.2 billion in 1Q13.
•Operating income margin of 32.7%, as measured by adjusted EBIT margin.
•Underlying earnings were US$ 3.3 billion, equal to US$ 0.64 per share on a fully diluted basis, against US$ 3.1 billion in 1Q13, net of the accounting effects of non-cash and/or non-recurring items.
•Cash generation, as measured by adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of US$ 5.0 billion in 2Q13, against US$ 5.2 billion in the previous quarter.
•Capex - excluding acquisitions - in 2Q13 equal to US$ 3.6 billion, 9.8% and 16.1% lower than 1Q13 and 2Q12, respectively. R&D expenditures were reduced by US$113 million quarter-on-quarter and US$ 241 million year-on-year.
•Investments in corporate social responsibility reached US$ 262 million, US$ 214 million of which was for environmental protection and conservation and US$ 48 million for social projects.
•The first tranche of the US$ 4.0 billion minimum dividend for 2013, US$ 2.25 billion, was paid to shareholders on April 30, 2013.
•Maintenance of a strong balance sheet, with low debt leverage, measured by the ratio of total debt to LTM adjusted EBITDA excluding non-recurring items, equal to 1.6x, long average maturity, at 9.9 years, and low average cost, 4.5% per year as of June 30, 2013.

[mickefett]

The Two Reasons Why I Am Optimistic about China Economy
People's Daily - Assessoria de Imprensa

13/8/2013 11:30:00

Interview with Vale's Executive Director for Ferrous and Strategy, José Carlos Martins


August 12, 2013 Rio de Janeiro– On one Saturday in July forty years ago, a freighter loaded with iron ore manufactured by Valedeparting from Brazil, travelled nearly 20 thousand kilometers and finally arrived at China’s Tianjin Port. This trade between China and Brazil in 1973 was called “ice-breaking trip” by the scholars who study the history of Sino-Brazilian economic and trade relationship. It was at that time that Sino-Brazilian relationshad a new starting point.

China and Brazil established formal diplomatic relations in 1974. According to Chinese customs statistics, the bilateral trade volume was merely USD 17.42 millionin that year and the volume in 2012 reached USD 85.716 billion, which makes the growth of Sino-Brazilian trade the fastest among the BRICS. China has surpassed U.S. and become the largest trade partner, export destination and import source for Brazil. Meanwhile, Brazil is also ranked as the top ten largest trade partners for China.

José Carlos Martins,Executive Director for Ferrous and Strategyat Vale, stated in a recent interview at its headquarter in Rio de Janeirothat the development of Vale’s trade with China in the last 40 years represents the development of Sino-Brazilian economic and trade relationship and more importantly, it is also aligned with China’s economic development. Especially in the past decades, Vale’s roadmap is closely connected with China’s development. “In the past 40 years, we have transported 6,200 vessels of up to 1.1 billion tons of iron ore to China.The amount of iron ore would be enough to build up 96,000 Eiffel Towers or17,000 Bird's Nest Stadiums,” said Mr. Martins.

From Martins’ perspective, the speed of Chinese development is amazing. As a person who spent half of his life traveling back-and-forth between Brazil and China, he has an amazingly deep knowledge in Chinese transportation. According to him, the Chinese railway transportation was relatively backward ten years ago, but now the high-speed rail linesextended in all directions, safe and efficient. “We can see Vale’s contribution from the development of China’s high-speed railways. And steelssmelted from Vale’s iron ore have been widely applied in railways and buildings in China.” He added that despite the long distance, Vale’s products connect the two countries closely, “We transport iron ore, the land of Brazil, to China, and made the iron ore a part of China’s rise. It not only creates tremendous benefits for Brazil and Vale, but also makes great contribution to the development of China.”

In a recent interview with Wall Street Journal, Mr. Martins noted that since he travelsto China frequently,he believes that he know more aboutChinathan many othereconomic analysts.In his opinion, he thinksthatthe country's high savings rate which will give its government flexibility in controlling economic policy andChina’s continued development of urbanization are the two major pillars that support the growth of China’s economic development.He believes that China still has room for improvement as compared to the developed western countries, although its urbanization rate has reached to more than 50 percent, and that China has the capability to achieve the goal.

According to Mr. Martins, the history shows that the demand for infrastructure and steel related products will remain high even for big countries, such as China, whose urbanization rate increased from 50 to 70 percent. This is a fundamental basis for Vale’s optimism towards China market. “Although China’s economic growth didn’t remain at double-digit, I think that 7 percent is already a very reasonable and good growth rate,” said Martins.

According to the latest statistics released by Brazil’s Ministry of Development, Industry and Trade, the value of iron ore exports account for approximately 36 percent of Brazil’s total exports to China, amounting to nearly 170 million tons of iron ore. Among these exports, 88 percent were manufactured by Vale and is almost half of Vale’s global sales volume. “It goes without saying that we are dependent on China market,” said Mr. Martins gratefully.

Mr. Martins disagrees with some claims that Vale is overly relying on the Chinesemarket. People will understand more if they look closely into the development of global economy and compare the economies of western countries such as the United States and Europe. “It was a great strategic decision to gradually build up a close relationship with China. Would we still have such development if we had chosen the United States and Europe in the beginning? In the long run, China still has great potential.”

Mr. Martins alsopredicted that as China continues to develop, more Sino-Brazil trades will be conducted in Renminbi directly. This will bring more convenience in Sino-Brazil trades and benefits the trade greatly. In his view, Renminbiis so far the most stable currency among all emerging countries. “It is a natural outcomethat Renminbi willbecome a global currency as China continues to develop.”