Report
Mathew Hodge
EUR 100.00 For Business Accounts Only

Tailings Dam Failure Likely to See Substantial Liabilities and Potential Reputational Damage

We have reviewed some of our long-term assumptions for Vale after the firm’s annual investor day. There were several positives, including plans to increase the proportion of higher-quality iron ore, growing output of higher-value iron ore pellets, increasing longer-term nickel and copper volume, and lowering nickel cash costs as assets ramp up to full capacity. We’ve also increased our long-term assumption for the premium for iron ore pellets to USD 45 per tonne, in line with the 10-year average...
Underlying
Vale S.A. ADS

Provider
Morningstar
Morningstar

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.

Analysts
Mathew Hodge

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