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MarketScreener Homepage  >  Equities  >  Bolsa de Valores de Sao Paulo  >  Vale S.A.    VALE3   BRVALEACNOR0

VALE S.A.

(VALE3)
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Vale S A : Is One of the Most Transparent Companies in Mozambique

10/29/2020 | 07:10am EST

10/29/2020

Vale Is One of the Most Transparent Companies in Mozambique
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Vale's actions were recognized as one of the most transparent in the mining industry in Mozambique. This assessment was made by the Center for Public Integrity (CIP), a Mozambican non-governmental organization, which has just released the Extractive Industry Transparency Index (ITSE, Índice de Transparência do Setor Extrativo) 2019-2020. In this report, CIP points out that 'there are companies, such as Vale in Mozambique, with a significant and above-average level of global transparency.'

In the ranking of the 12 companies analyzed, Vale is always among the first companies classified as the most transparent organizations regarding corporate and environmental governance. In the overall result, Vale was the second most transparent company and 'is proud for the recognition of its daily efforts and work to do more and better for the communities surrounding its operations, thus, contributing to the development of the country.'

This report is based on a ranking of companies from the mining and oil industries (domestic and foreign), taking into account the taxation, social, governance, and environmental aspects. The purpose is to evaluate the levels of transparency of companies regarding the sharing of useful information about their investments in Mozambique, based on international analysis criteria.

Moatize Mine

Eleven million metric tons per year is the capacity for coal production at Moatize mine, in the province of Tete, in Mozambique. To better respond to the demand for coal processing, we have invested in the construction of the largest coal enrichment plant in the country.

Disclaimer

Vale SA published this content on 29 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 October 2020 12:09:02 UTC


© Publicnow 2020
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Financials (USD)
Sales 2020 36 391 M - -
Net income 2020 8 461 M - -
Net Debt 2020 3 025 M - -
P/E ratio 2020 8,61x
Yield 2020 4,41%
Capitalization 74 468 M 73 779 M -
EV / Sales 2020 2,13x
EV / Sales 2021 1,95x
Nbr of Employees 79 646
Free-Float 76,8%
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Technical analysis trends VALE S.A.
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Mean consensus BUY
Number of Analysts 6
Average target price 16,18 $
Last Close Price 14,63 $
Spread / Highest target 30,3%
Spread / Average Target 10,6%
Spread / Lowest Target -8,93%
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Managers
NameTitle
Eduardo Bartolomeo Chief Executive Officer
José Maurício Pereira Coelho Chairman
Luciano Siani Pires Executive Director-Finance & Investor Relations
Oscar Augusto de Camargo Filho Director
Marcel Juviniano Barros Director
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