Vale SA

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Valemax No. 8 has not even loaded its first ore and it's already worth 36% less than it cost

Frik Els | April 4, 2012
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According to website VesselsValue.com the latest Valemax is worth 36% less than the $107 million the Brazilian iron ore titan paid for it last year because of a "slump in values of dry-bulk ships that were ordered before returns plunged."

  • Protest against iron ore operation of Vale in Malaysia

    Steel Guru | April 1, 2012

    About 100 members of Jaringan Aktivis Alam Sekitar Perak JAASP, an environmental non governmental organization, staged a demonstration against the operation of an iron ore processing company, Vale SA, in Teluk Rubiah, Seri Manjung near here.

  • Vale hunts for local support for its vessels access to China

    Cecilia Jamasmie | March 7, 2012
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    Brazilian mining giant Vale (NYSE: VALE) has contacted China's second largest container line China Shipping Group to negotiate a way for its very large ore carriers (VLOCs) to dock in Chinese ports again

  • Huge global iron ore expansion needed to replace depleted mines

    Mineweb | February 28, 2012

    Vale's CEO has told the audience at a conference in Beijing that a huge expansion in global iron ore mining will be necessary to make up for depletion at current mining operations to feed ever-growing demand.

  • Iron ore prices fall to three-week lows

    MINING.com Editor | November 30, 2011
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    Offer prices for iron ore dropped to three-week lows, reports Reuters, with steelmakers in top producer China mostly staying out of the market amid thin demand.

    Despite the low steel demand limiting Chinese buying interest, Vale SA said that it expects valemaxes, the world’s biggest iron-ore carriers, to eventually be allowed into ports inChina, the biggest user of the commodity.

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