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Vale to pay $2.5 billion to settle liabilities in Mozambique mine corridor

Miner Vale SA will settle in advance liabilities of around US$2.5 billion related to the project finance for the Nacala logistic corridor (CLN) that serves a coal mine in Mozambique, the company said in a securities filing on Tuesday. ....

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Tasked to Fight Climate Change, a Secretive U.N. Agency Does the Opposite

Behind closed doors, shipbuilders and miners can speak on behalf of governments while regulating an industry that pollutes as much as all of America’s coal plants. ....

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Brazilian miner Vale to suspend Sudbury ops after failed labor talks

By Reuters Staff
2 Min Read
SAO PAULO (Reuters) - Brazilian miner Vale said in a securities filing on Tuesday it will suspend operations at its Sudbury, Canada nickel mine, after its proposal for a five-year contract was rejected by the United Steelworkers union.
United Steelworkers Local 6500, which represents 2,600 workers at the mine, said in a statement that 70% of those who voted were opposed to the Vale offer and wanted the union - whose bargaining committee had recommended the preliminary deal - to return to the bargaining table.
“What we have is a clear message from our membership that our bargaining team . has taken back to the company,” said Kevin Boyd, vice president at USW Local 6500, adding that talks are ongoing. ....

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Vale Could Be Bought on a Test of the 50-day Moving Average Line

Vale Could Be Bought on a Test of the 50-day Moving Average Line
Let s review the charts and indicators.
Stocks quotes in this article:
VALE,
CLF
During the
Mad Money Lightning Round Monday evening, one caller asked Jim Cramer about Vale S.A. (VALE) : I think this is a multi-year move, but I do like Cleveland-Cliffs (CLF) more, replied Cramer.
Vale is the world s largest producer of iron ore, pellets and nickel. We looked at CLF on May 6 and wrote that CLF continues to move up nicely and with the trade at $21 we can suggest raising the sell stop to $16.50 from $15.00. The new Point and Figure charts give us new targets of $25 and $33. Stay long. ....

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