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Non-Tech : The Brazil Board -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (1520)	3/5/2016 12:30:11 AM
From: elmatador	Read Replies (1) \| Respond to of 2504

Why Vale SA Shares Soared The mining giant jumps on the detainment of former Brazil President What: Shares of Rio de Janeiro-based mining giantVale SA ( NYSE:VALE) soared as high as 18.5% on Friday on news that former Brazil President Luiz Inacio Lula da Silva was detained as part of a corruption probe. So what: The police action -- part of a larger inquiry into corruption centered on the state oil company Petrobras ( NYSE:PBR) -- also threatens to speed up the impeachment of da Silva's successor, President Dilma Rousseff, suggesting that the political risks surrounding Brazil are finally starting to ease. When you couple that somewhat improved Brazilian outlook -- the real rose nearly 2% on Friday, the highest in about three months -- with recently surging iron ore prices, it's no surprise that Vale shareholders are among today's big winners. Now what: The odds of Rousseff's impeachment are much higher after today's developments. "Ex-president Lula, besides being party leader, was the one ultimately responsible for the decision on who would be the directors at Petrobras and was one of the main beneficiaries of these crimes," said a police statement on his detention. "There is evidence that the crimes enriched him and financed electoral campaigns and the treasury of his political group." Of course, with Vale shares now up a whopping 60% during just the past week, investors might want to look at other Brazilian stocks for a more-tempting impeachment play.

To: marcos who wrote (1520)	12/18/2016 4:27:16 AM
From: elmatador	Respond to of 2504

Vale plans to undercut the Australians At full capacity, the mine will be able to produce 90 million tons a year at a cost of about $7 a ton, or 41 percent less than Vale’s average expense now. The mine has a life expectancy of 30 years. ... compared with production from the second and third largest producers, Rio Tinto Plc and BHP Billiton Ltd. Reducing cost is crucial to Vale’s efforts to compensate for its geographical disadvantage. https://www.bloomberg.com/news/articles/2016-12-17/world-s-largest-iron-ore-mine-becomes-brazil-turnaround-symbol?cmpid=linkedin.bbiz