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Brazil's Vale taps Marcelo Bacci as new CFO

Brazil's Vale taps Marcelo Bacci as new CFO SAO PAULO, Oct 25 (Reuters) - The board of Brazilian miner Vale VALE3.SA has approved Marcelo Bacci as the company's new chief financial officer, according to a securities filing released on Friday, which added that the executive will start his new role on December 2. Bacci, who served as finance chief for pulp maker Suzano SUZB3.SA , will replace Murilo Muller, who is temporarily serving in the job.
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Brazil seals $30 billion compensation deal with BHP, Vale over 2015 dam collapse

UPDATE 3-Brazil seals $30 billion compensation deal with BHP, Vale over 2015 dam collapse Tailings dam collapse killed 19, polluted river in 2015 100 billion reais to be paid to authorities within 20 years President Lula attends signing of agreement BHP says outflows align with its previous provisions Adds Vale provisions in paragraph 10 and remarks from Vale executive in paragraph 13 By Lisandra Paraguassu BRASILIA, Oct 25 (Reuters) - Brazil on Friday signed a 170 billion reais ($29.85 billion)
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BHP Reaches Final Agreement In Brazil Dam Failure

BRIEF-BHP Reaches Final Agreement In Brazil Dam Failure Oct 25 (Reuters) - BHP Group Ltd BHP.AX : SAMARCO - FINAL AGREEMENT WITH PUBLIC AUTHORITIES AGREEMENT VALUED AT R$170 BILLION (US$31.7 BILLION) R$100 BILLION (US$18 BILLION) TO BE PAID OVER 20 YEARS R$32 BILLION (US$5.8 BILLION) IN ADDITIONAL PERFORMANCE OBLIGATIONS BHP BRASIL'S EXPECTED OUTFL
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Vale's third-quarter profit falls 15% on dam collapse provisions, lower ore prices

UPDATE 2-Vale's third-quarter profit falls 15% on dam collapse provisions, lower ore prices Q3 net profit of $2.41 bln beats analysts' estimates Core profit in line with market estimates New CEO Pimenta wants to speed up iron ore quality upgrade Adds details of the earnings report in paragraphs 9-10, new guidance on copper costs in paragraph 11 RIO DE JANEIRO/SAO PAULO, Oct 24 (Reuters) - Brazilian miner Vale, one of the world's largest iron ore producers, said on Thursday its third-quarter net
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Vale's third-quarter profit falls 15% on dam collapse provisions, lower ore prices

UPDATE 2-Vale's third-quarter profit falls 15% on dam collapse provisions, lower ore prices Q3 net profit of $2.41 bln beats analysts' estimates Core profit in line with market estimates New CEO Pimenta wants to speed up iron ore quality upgrade Adds details of the earnings report in paragraphs 9-10, new guidance on copper costs in paragraph 11 RIO DE JANEIRO/SAO PAULO, Oct 24 (Reuters) - Brazilian miner Vale, one of the world's largest iron ore producers, said on Thursday its third-quarter net
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Brazil's Vale Confirms It Is Set To Sign On Friday Final Compensation Agreement Related To Mariana Dam Collapse

BRIEF-Brazil's Vale Confirms It Is Set To Sign On Friday Final Compensation Agreement Related To Mariana Dam Collapse Oct 24 (Reuters) - Vale SA VALE3.SA : CONFIRMS IT IS SET TO SIGN ON FRIDAY FINAL COMPENSATION AGREEMENT RELATED TO MARIANA DAM COLLAPSE - FILING Further company coverage: VALE3.SA ; BHP.AX Reporting by Sao Paulo newsroom
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Vale Sees Copper All-In Costs In 2024 Between $2,900 And $3,300 Per Ton

BRIEF-Vale Sees Copper All-In Costs In 2024 Between $2,900 And $3,300 Per Ton Oct 24 (Reuters) - Vale SA VALE3.SA : SEES COPPER ALL-IN COSTS IN 2024 BETWEEN $2,900 AND $3,300 PER TON - FILING Further company coverage: VALE3.SA Reporting by Sao Paulo newsroom
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Brazil's Vale posts 15% decline in Q3 net profit

Brazil's Vale posts 15% decline in Q3 net profit SAO PAULO/RIO DE JANEIRO, Oct 24 (Reuters) - Brazilian miner Vale VALE3.SA , one of the world's largest iron ore producers, said on Thursday its third-quarter net profit fell 15% from a year earlier. Vale posted a $2.41 billion net profit for the quarter ended in September, while analysts polled by LSEG expected a $1.65 billion profit.
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Brazil to sign compensation deal with miners over 2015 dam disaster on Friday

UPDATE 1-Brazil to sign compensation deal with miners over 2015 dam disaster on Friday Adds background in paragraphs 3-5 BRASILIA, Oct 23 (Reuters) - Brazili an authorities will sign on Friday a long-awaited reparation deal with miners Vale VALE3.SA , BHP BHP.AX and Samarco over the 2015 Mariana dam collapse, the country's presidential office said on Wednesday.
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Brazil to sign compensation deal with miners over 2015 disaster on Friday

Brazil to sign compensation deal with miners over 2015 disaster on Friday BRASILIA, Oct 23 (Reuters) - Brazil authorities will sign on Friday a long-awaited reparation deal with miners Vale VALE3.SA , BHP BHP.AX and Samarco over the 2015 Mariana dam collapse, the country's presidential office said on Wednesday. The agreement will be signed in a ceremony attended by President Luiz Inacio Lula da Silva at 9 a.m.
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Brazil launches platform to attract foreign investment for climate and ecological projects

Brazil launches platform to attract foreign investment for climate and ecological projects WASHINGTON, Oct 23 (Reuters) - Brazil's government launched a climate and ecological transformation investment platform in Washington on Wednesday, named BIP, aimed at mobilizing international capital with an initial target of $10.8 billion. As Reuters reported on Tuesday, the platform unveiled on the sidelines of the International Monetary Fund and World Bank annual meetings will bring together projects a
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BHP says claim it put profit over safety 'unjustified' in Brazilian dam collapse case

CORRECTED-BHP says claim it put profit over safety 'unjustified' in Brazilian dam collapse case Corrects headline to 'profit over safety', not 'safety over profit' BHP being sued over deadly collapse of Brazilian dam in 2015 Lawsuit worth up to about $47 billion Trial in London's High Court expected to last 12 weeks By Sam Tobin LONDON, Oct 23 (Reuters) - BHP BHP.AX said on Wednesday that allegations a pursuit of profit over safety contributed to Brazil's worst environmental disaster were "far-f
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Foreign debt financing by Brazilian issuers surges in 2024

Foreign debt financing by Brazilian issuers surges in 2024 National Treasury leads with $6.5 billion in bonds Companies attracted by lower rates and long-term investors Foreign debt offers still below 2020 and 2021 peaks By Luciana Magalhaes SAO PAULO, Oct 23 (Reuters) - Foreign debt financing by Brazilian issuers is surging again, reaching a three-year high in 2024, as local companies seek to refinance existing obligations or make new investments.
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Vale SA <VALE3.SA> expected to post earnings of 47 cents a share - Earnings Preview

Vale SA expected to post earnings of 47 cents a share - Earnings Preview Vale SA VALE3.SA is expected to show a fall in quarterly revenue when it reports results on October 24 for the period ending September 30 2024 The Rio De Janeiro-based company is expected to report a 11.2% decrease in revenue to $9.436 billion from $10.62 billion a year ago, according to the mean estimate from 5 analysts, based on LSEG data.
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Vale SA <VALE.N> expected to post earnings of 46 cents a share - Earnings Preview

Vale SA expected to post earnings of 46 cents a share - Earnings Preview Vale SA VALE.N , VALE.K is expected to show a fall in quarterly revenue when it reports results on October 24 for the period ending September 30 2024 The Rio De Janeiro-based company is expected to report a 9.0% decrease in revenue to $9.663 billion from $10.62 billion a year ago, according to the mean estimate from 8 analysts, based on LSEG data.
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Dam disaster deal should curb lawsuits against Vale and BHP, sources say

Dam disaster deal should curb lawsuits against Vale and BHP, sources say Deal includes 100 billion reais over 20 years for repair projects Lawyer says English trial aims to hold BHP accountable Dam collapsed in 2015, killing 19 people By Marta Nogueira, Lisandra Paraguassu, Ricardo Brito RIO DE JANEIRO/BRASILIA, Oct 22 (Reuters) - An agreement by Vale VALE3.SA , BHP BHP.AX and their joint venture Samarco to pay 170 billion reais ($29.85 billion) in compensation for a deadly dam collapse in Brazi
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BHP’s dam disaster dealings leave a bad taste

RPT-BREAKINGVIEWS-BHP’s dam disaster dealings leave a bad taste The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Antony Currie MELBOURNE, Oct 21 (Reuters Breakingviews) - BHP's BHP.AX tactics in Brazil may be going too far. On Friday, the miner, partner Vale VALE3.SA and their Samarco joint venture in the country outlined a potential 132 billion reais ($23 billion) settlement with Brazilian authorities over a catastrophic dam failure in 2015. Problem is,
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BHP trying to avoid responsibility over Brazilian dam collapse, UK court told

UPDATE 1-BHP trying to avoid responsibility over Brazilian dam collapse, UK court told Mariana tailings dam collapse killed 19 people BHP cynically trying to avoid responsibility, claimants say Miner says London lawsuit should be dismissed High Court hearing to last up to 12 weeks Recasts with quotes from the start of the trial By Sam Tobin LONDON, Oct 21 (Reuters) - BHP BHP.AX is cynically trying to avoid its responsibility for Brazil's worst environmental disaster, lawyers representing thousan
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BHP trying to avoid responsibility over Brazilian dam collapse, UK court told

UPDATE 1-BHP trying to avoid responsibility over Brazilian dam collapse, UK court told Mariana tailings dam collapse killed 19 people BHP cynically trying to avoid responsibility, claimants say Miner says London lawsuit should be dismissed High Court hearing to last up to 12 weeks Recasts with quotes from the start of the trial By Sam Tobin LONDON, Oct 21 (Reuters) - BHP BHP.AX is cynically trying to avoid its responsibility for Brazil's worst environmental disaster, lawyers representing thousan
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BHP’s dam disaster dealings leave a bad taste

BREAKINGVIEWS-BHP’s dam disaster dealings leave a bad taste The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Antony Currie MELBOURNE, Oct 21 (Reuters Breakingviews) - BHP's BHP.AX tactics in Brazil may be going too far. On Friday, the miner, partner Vale VALE3.SA and their Samarco joint venture in the country outlined a potential 132 billion reais ($23 billion) settlement with Brazilian authorities over a catastrophic dam failure in 2015. Problem is, it's
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