Cost of Vale’s Feijao Tailings Dam Failure as Expected, USD 10.60 per Share FVE Retained
While the market was interested in no-moat-rated Vale’s production, particularly iron ore, the key first-quarter result concern was how much would the Feijao tailings dam failure cost? Collectively, Vale has so far taken USD 4.8 billion of pretax charges relating to the failure and remediation. This is in line with our rough expectation for a USD 5.0 billion pretax charge, which we based on the cost of the 2015 Samarco dam failure. The major components of the USD 4.8 billion charge are a USD 2.4...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.