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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (538)	12/11/2017 6:21:25 AM
From: elmatador	Respond to of 13775

OPEC of the Amazon? Vale Investors are impressed with the Brazilian mining giant’s strategy to become a boringly predictable company. The world’s biggest iron-ore and nickel producer intends to behave like an OPEC-style swing producer, moving production up and down to balance the market. With the heady days of the China-fuelled commodities supercycle behind it, its aim now is to bolster margins, not market share. During investor presentations last week, Fabio Schvartsman, its new boss, promised to restrain iron-ore production to push up prices (and flood the market if they get too high). In nickel, he is mothballing loss-making plants and may even close Vale’s big mine in New Caledonia, if it cannot secure an investment partner. Strong demand for the company’s high-quality iron ore means cash is pouring in. Vale will seek to halve its debt to $10bn and return more cash to shareholders. Doling out juicier dividends would please investors even more. Share this article