| Moody's puts Brazil miner Vale under review for downgrade | |
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SAO PAULO, Jan 22 (Reuters) - Moody's placed the credit ratings of Brazilian iron ore miner Vale SA under review for downgrade on Friday, one day after it put nine mining companies in Latin America on review for downgrade due to low metals prices. Moody's said slowing growth in the Chinese economy, which consumes half the world's base metals and is a player in precious metals, iron ore and coal markets is weakening demand and prices for the commodities. Prices for Chinese-landed iron ore , which makes up the bulk of Vale's revenue, are trading around their lowest levels in nearly a decade. See the full report from Moody's: (https://www.moodys.com/research/Moodys-places-Vales-ratings-on-review-for-downgrade--PR_342408) (Reporting by Reese Ewing; editing by Jason Neely)
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Vale
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EXPLORATION STAGE |
CODE : VALE3.SA |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Vale is a producing company based in Brazil. Its main exploration property is GALIURO in USA. Vale is listed in Brazil and in France. Its market capitalisation is BRL 326.3 billions as of today (US$ 150.8 billions, € 140.9 billions). Its stock quote reached its lowest recent point on February 19, 2016 at BRL 10.51, and its highest recent level on August 27, 2021 at BRL 99.80. Vale has 5 244 319 744 shares outstanding. |