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0.000709458197976182 -0.000690788245397905 0.000709458197976182 -0.000690788245397905 -0.003958029946604 -0.003958029946604 -0.006758522833352 -0.00862551809118401
Stock impact report

Brazil's Vale to take $400 million charge from nickel asset sale [Reuters]

VALE S.A. American Depositary Shares Each Representing one common share (VALE) 
Last vale s.a. american depositary shares each representing one common share earnings: 4/29 04:02 pm Check Earnings Report
US:NYSE Investor Relations: vale.com/en/investors/pages/default.aspx
Company Research Source: Reuters
Brazil's Vale to take $400 million charge from nickel asset sale SAO PAULO (Reuters) - Brazilian miner Vale SA said on Monday it expects to record a $400 million impairment charge for the period ending on June 30 related to the planned sale of its long-troubled nickel and cobalt operations on the Pacific island of New Caledonia. Vale said in May that it was in talks to sell the mine, which has faced technical setbacks, a chemical spill and protests, to Australia’s New Century Resources Ltd. In a separate filing, Vale said Vale Overseas, a subsidiary, was preparing the sale of bonds maturing in 2030 that will be guaranteed by the parent company. Proceeds from the sale would be used for general corporate purposes, the miner said. The banks that will coordinate the sale include Banco do Brasil, Citigroup, Credit Agricole, Mizuho, MUFG and SMBC Nikko, the filing said. At the same time, Vale said it continues to evaluate the impact of the coronavirus pandemic on its business as the number Show less Read more
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