Vale에 대한 매도 수량은 투자자에게 Vale의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Vale (NYSE:VALE) 주식, 공매도 수량 보고

Vale

Vale is a large global miner and the world's largest producer of iron ore and pellets. In recent years the company has sold noncore assets such as its fertilizer, coal, and steel operations to concentrate on iron ore, nickel, and copper. Earnings are dominated by the bulk materials division, primarily iron ore and iron ore pellets. The base metals division is much smaller, consisting of nickel mines and smelters along with copper mines producing copper in concentrate. In 2024, Vale sold a minority 10% stake in energy transition metals, its base metals business, likely the first step in separating base metals and iron ore.

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VALE

브라질의 광산 대기업인 발레 SA(NYSE:VALE)는 새로운 CEO인 구스타보 피멘타(Gustavo Pimenta) 아래에서 구리 생산을 대폭 늘리겠다는 의지를 밝혔다.

브라질의 발레: 구리 생산량 확대 계획 및 국내 주요 광물에 1억 8,400만 달러 투자

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ANFGF

ANGPY

COPJ

COPP

COPX

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NGLOY

호주의 다국적 광산업체인 BHP 그룹(NYSE:BHP)가 경쟁사인 앵글로 아메리칸(OTC:NGLOY)에 제출한 약 400억 달러 입찰은 이 회사를 인수하기에 충분하지 않을 수 있다. 왜냐하면 구리 자산에 대한 전 세계적 쟁탈전 속에서 다른 다각화된 광산업체들이 아마도 경쟁 입찰을 할 것이기 때문이다.

구리는 HOT한 상품: BHP의 &#39;인수 제안&#39; 후 앵글로 아메리칸에 대한 입찰 경쟁 예상

RGLD

2024년 4월 17일의 주요 뉴스: 피츠버그 방문 중, 조 바이든 대통령은 중국산 철강과 알루미늄 수입품에 25% 관세를 부과하고 미국의 철강 부문에 힘을 실어줄 새로운 무역정책을 발표할 계획이다. 이번 조치는 일부 제품에 대한 미국 관세를 25%로 3배 이상 인상하고 다른 제품의 관세를 0% 또는 7.5%에서 인상함으로써 중국의 &#39;불공정한&#39; 무역 관행으로부터 미국 제조업 일자리를 보호하기 위한 것이다.

수요일 주요 광업 뉴스: 중국산 철강 및 알루미늄에 대한 25% 관세, 로얄 골드, 발리 등

VALE S.A. American Depositary Shares Each Representing one common share

Vale SA

VALE ADR REPTG ONE ORD

VALERO ENERGY ORD

Valencia CF Fan Token

Valens Pay Global Ltd

Valens Semiconductor Ltd. Warrants, each warrant to purchase one-half of one Ordinary Share

Valens Semiconductor Ltd

Valens Semiconductor Ltd. Ordinary Shares

VALENTINE BEAUTY INC by Valentine Beauty, Inc.

Valentine Beauty Inc

VALENTINE MARK CORP by Valentine Mark Corporation

Valentine Mark Corp

Valeo Pharma Inc

Valeo SA

Valereum PLC

Valero Energy Corp

VALEURA ENERGY INC by Valeura Energy Inc.

Valeura Energy Inc

<p>The Brazilian mining giant <strong>Vale</strong> <strong>SA</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>) announced its commitment to significantly boost <a href="https://www.benzinga.com/topic/copper">copper</a> production under its new CEO, <strong>Gustavo Pimenta</strong>.</p>
<p>Pimenta, a former CFO who became CEO after a <a href="https://www.benzinga.com/news/24/08/40597248/vale-selects-cfo-gustavo-pimenta-as-new-ceo-ending-turbulent-succession-process">turbulent succession process</a>, spoke to the media for the first time in his new role. He <a href="https://www.bloomberg.com/news/articles/2024-10-02/vale-backs-brazil-critical-minerals-fund-in-nod-to-government">acknowledged</a> that Vale has "fallen behind on copper " compared to industry peers but plans to close that gap, Bloomberg reported.</p>
<p>This year, Vale expects to produce between 320,000 and 355,000 metric tons of copper — well below the output of its size-related industry peers. Pimenta plans to raise the output of its assets in Brazil, Canada and Indonesia to around 500,000 tons before considering other options.</p>
<p>In addition to growing copper production, Vale focuses on investments in strategic minerals essential for the global energy transition. The firm has been under pressure from the Brazilian government, which pleaded for increased domestic investments.</p>
<p>In collaboration with Brazil's development bank, <strong>BNDES</strong>, Vale will invest around $184 million in junior and mid-sized companies working on minerals like nickel and cobalt — crucial for electric vehicles and renewable energy technologies.</p>
<p>Despite these ambitions, Vale faces several challenges. As the largest iron ore producer globally, the firm has experienced a slowdown in China's economy, a critical market for that commodity. Additionally, the aftermath of the catastrophic 2015 dam collapse still requires <a href="https://www.benzinga.com/markets/equities/24/01/36799749/brazilian-judge-slams-mining-giants-vale-and-bhp-with-9-67b-charges-over-dam-collapse-report">substantial financial and legal settlements</a>, creating a drain on the firm's resources.</p>
<p>However, Vale's rapidly evolving copper market peers are not sitting idle. <strong>Barrick</strong> has been ramping production and <a href="https://www.benzinga.com/news/24/09/40851842/barrick-to-complete-feasibility-study-for-lumwana-mine-expansion-start-construction-in-2025">investing $2 billion </a>in expansion at its <strong>Lumwana</strong> mine in Zambia, which is set to double copper output to 240,000 tons per year by 2028. Barrick is also advancing its <strong>Reko Diq</strong> project in Pakistan, further boosting its copper and gold production.</p>
<p>Meanwhile, Australian miner <strong>BHP</strong> has identified copper as a <a href="https://www.benzinga.com/news/large-cap/24/10/41114374/bhp-sees-trend-reversal-in-copper-growth-warns-recycling-wont-be-enough">key growth pillar</a>, anticipating a 70% increase in global demand by 2050. BHP is expanding its copper portfolio, focusing on existing operations and potential new projects like <strong>Oak Dam</strong> in Australia, addressing aging mines and declining ore grades.</p>
<p>With copper touted as a cornerstone metal for the green tech transition, Vale's new management has a lot of ground to cover before catching up to its competitors which are committed to multi-billion-dollar projects.</p>
<p><strong>Read Next: </strong><br />    • <strong><a href="https://www.benzinga.com/government/24/10/41172781/oil-prices-rally-biden-confirms-us-discussions-with-israel-about-striking-iran-facilities">Oil Prices Rally: Biden Confirms US &#8216;Discussions&#8217; With Israel About Striking Iran Facilities</a></strong></p>
<p><em>Photo: Shutterstock</em></p>


Vale Plans To Expand Copper Output, Invests $184M For Domestic Critical Minerals

Asset Sales

CSAN

Cosan Is Said To Mull Vale Stake Sale On Leverage Concerns

IPOs

Vale Clarifies Its Subsidiary, Vale Base Metals Ltd. Remains Focused On Executing Its Recently Disclosed Asset Review Plan; Says Potential IPO Of Vale Base Metals Is Not Currently Under Assessment

Vale Says Resumed Cargo Transportation Operations On Estrada De Ferro Vitia A Minas Railway Line; Says Temporary Interruption Had No Impact On Production Plan

WIIM

CENX

KALU

STLD

Shares of metal and material companies are trading higher following a report suggesting China will issue up to $284 billion of sovereign debt as part of a stimulus.

<p>Investors with a lot of money to spend have taken a bullish stance on <strong>Vale</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with VALE, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 15 uncommon options trades for Vale.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 53% bullish and 46%, bearish.</p>
<p>Out of all of the special options we uncovered, 9 are puts, for a total amount of $1,360,852, and 6 are calls, for a total amount of $221,472.</p>
<h3>Projected Price Targets</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $2.0 to $12.0 for Vale over the last 3 months. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Vale's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Vale's whale trades within a strike price range from $2.0 to $12.0 in the last 30 days. </p>
<h3>Vale 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1727189165_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>VALE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$2.6</td>
<td>$2.55</td>
<td>$2.55</td>
<td>$12.00</td>
<td>$650.5K</td>
<td style="text-align: right;">0</td>
<td>3.5K</td>
</tr>
<tr>
<td>VALE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$2.55</td>
<td>$2.51</td>
<td>$2.55</td>
<td>$12.00</td>
<td>$180.5K</td>
<td style="text-align: right;">0</td>
<td>4.5K</td>
</tr>
<tr>
<td>VALE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$2.6</td>
<td>$2.55</td>
<td>$2.55</td>
<td>$12.00</td>
<td>$153.0K</td>
<td style="text-align: right;">0</td>
<td>1.0K</td>
</tr>
<tr>
<td>VALE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$2.55</td>
<td>$2.5</td>
<td>$2.55</td>
<td>$12.00</td>
<td>$90.0K</td>
<td style="text-align: right;">0</td>
<td>47</td>
</tr>
<tr>
<td>VALE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/15/27</td>
<td>$2.72</td>
<td>$2.55</td>
<td>$2.55</td>
<td>$12.00</td>
<td>$74.4K</td>
<td style="text-align: right;">0</td>
<td>3.8K</td>
</tr>
</tbody>
</table>
</p>
<h3>About Vale</h3>
<p>Vale is a large global miner and the world's largest producer of iron ore and pellets. In recent years the company has sold noncore assets such as its fertilizer, coal, and steel operations to concentrate on iron ore, nickel, and copper. Earnings are dominated by the bulk materials division, primarily iron ore and iron ore pellets. The base metals division is much smaller, consisting of nickel mines and smelters along with copper mines producing copper in concentrate. In 2024, Vale sold a minority 10% stake in energy transition metals, its base metals business, likely the first step in separating base metals and iron ore.</p>
<p>In light of the recent options history for Vale, it's now appropriate to focus on the company itself. We aim to explore its current performance.</p>
<h3>Current Position of Vale</h3>
<ul>
<li>Trading volume stands at 16,995,102, with VALE's price up by 6.3%, positioned at $11.05.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 30 days.</li>
</ul>
<h3>Expert Opinions on Vale</h3>
<p>Over the past month, 2 industry analysts have shared their insights on this stock, proposing an average target price of $15.25.</p>
<p><strong>Unusual Options Activity Detected: Smart Money on the Move</strong></p>
<p>Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights"><strong>Click here for access</strong></a>.<br />
&#x2A; An analyst from Morgan Stanley has decided to maintain their Overweight rating on Vale, which currently sits at a price target of $15.<br />
&#x2A; An analyst from JP Morgan persists with their Overweight rating on Vale, maintaining a target price of $15. </p>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Vale with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Options

This Is What Whales Are Betting On Vale

Shares of metals and materials companies are trading higher. Strength may be due to China's stimulus measures, which could support demand.

<p>JP Morgan  analyst Rodolfo Angele   maintains Vale (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>) with a Overweight and lowers the price target from $16.5 to $15.</p>


Price Target

JP Morgan Maintains Overweight on Vale, Lowers Price Target to $15

<p>Morgan Stanley  analyst Carlos De Alba   maintains Vale (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>) with a Overweight and lowers the price target from $16 to $15.5.</p>


Morgan Stanley Maintains Overweight on Vale, Lowers Price Target to $15.5

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Shares of companies in the broader industrial space are trading higher following the Fed's announcement to cut rates by 50 basis points yesterday, which could support investment and economic growth.

<p>The most recent trading session ended with <strong>VALE S.A.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vale#NYSE">VALE</a>) standing at $10.37, reflecting a +1.47% shift from the previouse trading day&#39;s closing. The stock outperformed the S&amp;P 500, which registered a daily gain of 0.75%. On the other hand, the Dow registered a gain of 0.58%, and the technology-centric Nasdaq increased by 1%.</p>
<p>Shares of the company have appreciated by 0.59% over the course of the past month, outperforming the Basic Materials sector&#39;s gain of 0.53% and lagging the S&amp;P 500&#39;s gain of 4.03%.</p>
<p>The upcoming earnings release of VALE S.A. will be of great interest to investors. On that day, VALE S.A. is projected to report earnings of $0.54 per share, which would represent a year-over-year decline of 18.18%. In the meantime, our current consensus estimate forecasts the revenue to be $10.56 billion, indicating a 0.62% decline compared to the corresponding quarter of the prior year.</p>
<p>Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.13 per share and revenue of $40.12 billion. These totals would mark changes of +16.39% and -3.98%, respectively, from last year.</p>
<p>It is also important to note the recent changes to analyst estimates for VALE S.A. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company&#39;s business outlook.</p>
<p>Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.</p>
<p>The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, VALE S.A. holds a Zacks Rank of #3 (Hold).</p>
<p>From a valuation perspective, VALE S.A. is currently exchanging hands at a Forward P/E ratio of 4.8. This signifies no noticeable deviation in comparison to the average Forward P/E of 4.8 for its industry.</p>
<p>Also, we should mention that VALE has a PEG ratio of 3.48. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company&#39;s expected earnings growth rate into account. The Mining - Iron was holding an average PEG ratio of 3.48 at yesterday&#39;s closing price.</p>
<p>The Mining - Iron industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 95, finds itself in the top 38% echelons of all 250+ industries.</p>
<p>The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.</p>
<p><a href="https://www.zacks.com/stock/news/2335564/vale-s-a-vale-outpaces-stock-market-gains-what-you-should-know?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_6v2-2335564">To read this article on Zacks.com click here.</a></p>


Earnings

VALE S.A. Outpaces Stock Market Gains: What You Should Know

Vale Says It Started The Commissioning Of Wet Processing Operations In The Vargem Grande 1 Project; It Has The Ability To Resume ~15 Mtpa Of Iron Ore Production At Vargem Grande Complex

<p>Whales with a lot of money to spend have taken a noticeably bullish stance on <strong>Vale</strong>.</p>
<p>Looking at options history for Vale (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>) we detected 16 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 37% with bearish.</p>
<p>From the overall spotted trades, 12 are puts, for a total amount of $1,027,453 and 4, calls, for a total amount of $616,300.</p>
<h3>Projected Price Targets</h3>
<p>Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $1.0 to $12.0 for Vale over the recent three months. </p>
<h3>Analyzing Volume &amp; Open Interest</h3>
<p>In terms of liquidity and interest, the mean open interest for Vale options trades today is 21645.6 with a total volume of 64,307.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for Vale's big money trades within a strike price range of $1.0 to $12.0 over the last 30 days.</p>
<h3>Vale Option Activity Analysis: Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1725982237_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th style="text-align: right;"><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>VALE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$9.45</td>
<td>$8.4</td>
<td>$9.1</td>
<td>$1.00</td>
<td>$227.5K</td>
<td style="text-align: right;">350</td>
<td>250</td>
</tr>
<tr>
<td>VALE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$2.0</td>
<td>$1.85</td>
<td>$1.88</td>
<td>$10.00</td>
<td>$188.0K</td>
<td style="text-align: right;">967</td>
<td>6.4K</td>
</tr>
<tr>
<td>VALE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$1.86</td>
<td>$1.85</td>
<td>$1.86</td>
<td>$10.00</td>
<td>$186.0K</td>
<td style="text-align: right;">967</td>
<td>3.0K</td>
</tr>
<tr>
<td>VALE</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$9.85</td>
<td>$8.4</td>
<td>$9.1</td>
<td>$1.00</td>
<td>$182.0K</td>
<td style="text-align: right;">520</td>
<td>240</td>
</tr>
<tr>
<td>VALE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$1.88</td>
<td>$1.85</td>
<td>$1.88</td>
<td>$10.00</td>
<td>$172.3K</td>
<td style="text-align: right;">967</td>
<td>8.4K</td>
</tr>
</tbody>
</table>
</p>
<h3>About Vale</h3>
<p>Vale SA is a large global miner and the world's largest producer of iron ore and pellets. In recent years the company has sold noncore assets such as its fertilizer, coal, and steel operations to concentrate on iron ore, nickel, and copper. Earnings are dominated by the bulk materials division, primarily iron ore and iron ore pellets. The base metals division is much smaller, consisting of nickel mines and smelters along with copper mines producing copper in concentrate. Vale has agreed to sell a minority 13% stake in energy transition metals, its base metals business, which is expected to become effective in 2024, and which is likely the first step in separating base metals and iron ore.</p>
<p>Following our analysis of the options activities associated with Vale, we pivot to a closer look at the company's own performance.</p>
<h3>Current Position of Vale</h3>
<ul>
<li>With a volume of 9,302,514, the price of VALE is down -1.73% at $9.96. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 44 days.</li>
</ul>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Vale options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Vale's Options: A Look at What the Big Money is Thinking

MTRN

USAP

ZEUS

Shares of companies within the broader metals and mining sector are trading lower amid overall market weakness. Weakness may be due to August's ISM Manufacturing PMI data indicating an economic contraction and pending non-farm payrolls data that may determine the size of future rate cuts.

<p><strong>Vale SA</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>), one of the world's largest mining companies, has unanimously selected its Chief Financial Officer, <strong>Gustavo Pimenta</strong>, as the new CEO, succeeding <strong>Eduardo Bartolomeo</strong>. The succession process proved turbulent, as the board's conflicts prolonged leadership selection for this key global producer of iron ore, <a target="_blank" href="https://www.benzinga.com/topic/nickel" rel="noreferrer noopener">nickel</a>, and other essential metals.</p>
<p>"After extensive discussions, the board concluded that making the decision earlier would benefit the company and reduce market speculation," Vale's chairman, <strong>Daniel Stieler</strong>, <a target="_blank" href="https://www.vale.com/w/gustavo-pimenta-proximo-presidente-vale/-/categories/64874" rel="noreferrer noopener">said</a> in the statement.</p>
<p>Pimenta, who has served as Vale's CFO since 2021, brings over 20 years of experience in the financial, energy, and mining sectors. Before joining Vale, he held leadership roles at <strong>AES Corp</strong>., a major U.S. power company, and <strong>Citibank</strong>, where he worked on mergers and acquisitions.</p>
<p>At Vale, he focused on cost efficiency and sound capital allocation. He has also been a leading voice in negotiations with the Brazilian government regarding the ongoing settlements for the 2015 <strong>Mariana</strong> dam disaster.</p>
<p><strong>Now read:<a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40577535/bhp-reports-13-7b-profits-eyes-additional-copper-expansion" rel="noreferrer noopener"> BHP Reports $13.7B Profits, Eyes Additional Copper Expansion</a></strong></p>
<p>However, the succession process could have been more streamlined, resulting in the resignation of two independent board members, who cited concerns over political interference and manipulation.</p>
<p><strong>José Luciano Duarte Penido</strong>, who stepped down in March, openly criticized the process in a resignation letter, describing it as "manipulated" and compromised by political agendas that did not serve the company's best interest. He characterized the role of an independent advisor as "completely ineffective, unpleasant, and frustrating."</p>
<p>Brazilian President <strong>Luiz Inácio Lula da Silva</strong> urged his Mines and Energy Minister to lobby Vale's largest shareholders to consider former Finance Minister Guido Mantega for the CEO role, Bloomberg reported in January. The market's reaction was negative, signaling an overreach of governmental influence in a privatized company.</p>
<p>Despite utilizing the services of <strong>Russell Reynolds</strong>, a leading executive search firm, Vale ultimately opted for an internal candidate, reinforcing Pimenta's deep understanding of the company's operations and challenges. Internal choices, such as <strong>Freeport McMoRan's</strong> CEO succession <a target="_blank" href="https://www.benzinga.com/news/24/02/36987237/freeport-mcmoran-names-35-year-company-stalwart-kathleen-quirk-as-new-ceo" rel="noreferrer noopener">earlier this year</a>, signal the company's desire for continuity and stability.</p>
<p>Pimenta is expected to officially start as CEO in January 2025. To ensure a smooth transition, Eduardo Bartolomeo, the outgoing CEO, will remain with the company as an advisor until December 2025.</p>
<p><strong>Also Read:</strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/news/24/08/40568462/mohamed-el-erian-observes-spike-in-gold-says-precious-metal-trading-within-5-of-a-new-record-high" target="_blank" rel="noreferrer noopener">Mohamed El-Erian Observes Spike In Gold Says, Precious Metal' Trading Within $5 Of A New Record High'</a></strong></li>
</ul>
<p><em>Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a target="_blank" href="mailto:licensing@benzinga.com" rel="noreferrer noopener">licensing@benzinga.com</a> to get started!</em></p>


Emerging Markets

Management

Vale Selects CFO Gustavo Pimenta As New CEO, Ending Turbulent Succession Process

<p>Financial giants have made a conspicuous bearish move on Vale. Our analysis of options history for Vale (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>) revealed 11 unusual trades.</p>
<p>Delving into the details, we found 27% of traders were bullish, while 72% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $208,598, and 8 were calls, valued at $342,819.</p>
<h3>Predicted Price Range</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $1.0 and $12.0 for Vale, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Development</h3>
<p>In terms of liquidity and interest, the mean open interest for Vale options trades today is 14659.67 with a total volume of 4,402.00.</p>
<p>In the following chart, we are able to follow the development of volume and open interest of call and put options for Vale's big money trades within a strike price range of $1.0 to $12.0 over the last 30 days.</p>
<h3>Vale Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1724784329_0.png" alt="Options Call Chart" /></p>
<h3>Largest Options Trades Observed:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th style="text-align: right;"><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>VALE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$2.26</td>
<td>$2.24</td>
<td>$2.26</td>
<td>$12.00</td>
<td>$73.4K</td>
<td>56.7K</td>
<td style="text-align: right;">598</td>
</tr>
<tr>
<td>VALE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$2.26</td>
<td>$2.25</td>
<td>$2.26</td>
<td>$12.00</td>
<td>$67.7K</td>
<td>56.7K</td>
<td style="text-align: right;">598</td>
</tr>
<tr>
<td>VALE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$2.26</td>
<td>$2.25</td>
<td>$2.26</td>
<td>$12.00</td>
<td>$67.3K</td>
<td>56.7K</td>
<td style="text-align: right;">298</td>
</tr>
<tr>
<td>VALE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$10.15</td>
<td>$9.85</td>
<td>$10.15</td>
<td>$1.00</td>
<td>$50.7K</td>
<td>50</td>
<td style="text-align: right;">150</td>
</tr>
<tr>
<td>VALE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$10.5</td>
<td>$9.85</td>
<td>$9.88</td>
<td>$1.00</td>
<td>$49.4K</td>
<td>50</td>
<td style="text-align: right;">100</td>
</tr>
</tbody>
</table>
</p>
<h3>About Vale</h3>
<p>Vale SA is a large global miner and the world's largest producer of iron ore and pellets. In recent years the company has sold noncore assets such as its fertilizer, coal, and steel operations to concentrate on iron ore, nickel, and copper. Earnings are dominated by the bulk materials division, primarily iron ore and iron ore pellets. The base metals division is much smaller, consisting of nickel mines and smelters along with copper mines producing copper in concentrate. Vale has agreed to sell a minority 13% stake in energy transition metals, its base metals business, which is expected to become effective in 2024, and which is likely the first step in separating base metals and iron ore.</p>
<h3>Current Position of Vale</h3>
<ul>
<li>With a volume of 22,577,279, the price of VALE is up 2.69% at $10.89. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 58 days.</li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Vale with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


A Closer Look at Vale's Options Market Dynamics

<p>Investors with a lot of money to spend have taken a bearish stance on <strong>Vale</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with VALE, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 12 uncommon options trades for Vale.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 41% bullish and 58%, bearish.</p>
<p>Out of all of the special options we uncovered, 9 are puts, for a total amount of $831,750, and 3 are calls, for a total amount of $133,230.</p>
<h3>Expected Price Movements</h3>
<p>Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $1.0 to $17.0 for Vale over the last 3 months. </p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Vale's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Vale's whale trades within a strike price range from $1.0 to $17.0 in the last 30 days. </p>
<h3>Vale Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1724440544_0.png" alt="Options Call Chart" /></p>
<h3>Noteworthy Options Activity:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>VALE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$2.84</td>
<td>$2.65</td>
<td>$2.65</td>
<td>$12.00</td>
<td>$265.0K</td>
<td>44.6K</td>
<td>1.1K</td>
</tr>
<tr>
<td>VALE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$6.55</td>
<td>$6.45</td>
<td>$6.47</td>
<td>$17.00</td>
<td>$139.1K</td>
<td>4.5K</td>
<td>1.6K</td>
</tr>
<tr>
<td>VALE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$2.85</td>
<td>$2.65</td>
<td>$2.65</td>
<td>$12.00</td>
<td>$81.3K</td>
<td>44.6K</td>
<td>1.5K</td>
</tr>
<tr>
<td>VALE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$2.85</td>
<td>$2.65</td>
<td>$2.65</td>
<td>$12.00</td>
<td>$80.5K</td>
<td>44.6K</td>
<td>1.5K</td>
</tr>
<tr>
<td>VALE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$2.37</td>
<td>$2.35</td>
<td>$2.37</td>
<td>$12.00</td>
<td>$77.0K</td>
<td>56.1K</td>
<td>325</td>
</tr>
</tbody>
</table>
</p>
<h3>About Vale</h3>
<p>Vale SA is a large global miner and the world's largest producer of iron ore and pellets. In recent years the company has sold noncore assets such as its fertilizer, coal, and steel operations to concentrate on iron ore, nickel, and copper. Earnings are dominated by the bulk materials division, primarily iron ore and iron ore pellets. The base metals division is much smaller, consisting of nickel mines and smelters along with copper mines producing copper in concentrate. Vale has agreed to sell a minority 13% stake in energy transition metals, its base metals business, which is expected to become effective in 2024, and which is likely the first step in separating base metals and iron ore.</p>
<p>In light of the recent options history for Vale, it's now appropriate to focus on the company itself. We aim to explore its current performance.</p>
<h3>Vale's Current Market Status</h3>
<ul>
<li>Trading volume stands at 17,372,281, with VALE's price up by 0.53%, positioned at $10.48.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 62 days.</li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for Vale, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Decoding Vale's Options Activity: What's the Big Picture?

<p>Investors with a lot of money to spend have taken a bullish stance on <strong>Vale</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with VALE, it often means somebody knows something is about to happen.</p>
<p>So how do we know what these investors just did? </p>
<p>Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 10 uncommon options trades for Vale.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 50% bullish and 40%, bearish.</p>
<p>Out of all of the special options we uncovered, 5 are puts, for a total amount of $859,857, and 5 are calls, for a total amount of $302,290.</p>
<h3>Expected Price Movements</h3>
<p>Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $1.0 to $13.0 for Vale during the past quarter. </p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Vale's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Vale's substantial trades, within a strike price spectrum from $1.0 to $13.0 over the preceding 30 days.</p>
<h3>Vale Option Volume And Open Interest Over Last 30 Days</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1724355973_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>VALE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$2.6</td>
<td>$2.56</td>
<td>$2.59</td>
<td>$13.00</td>
<td>$515.8K</td>
<td>1.5K</td>
<td>3.0K</td>
</tr>
<tr>
<td>VALE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$2.6</td>
<td>$2.56</td>
<td>$2.59</td>
<td>$13.00</td>
<td>$232.1K</td>
<td>1.5K</td>
<td>1.0K</td>
</tr>
<tr>
<td>VALE</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$9.55</td>
<td>$9.45</td>
<td>$9.5</td>
<td>$1.00</td>
<td>$95.0K</td>
<td>240</td>
<td>100</td>
</tr>
<tr>
<td>VALE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$7.6</td>
<td>$7.45</td>
<td>$7.55</td>
<td>$3.00</td>
<td>$90.6K</td>
<td>291</td>
<td>0</td>
</tr>
<tr>
<td>VALE</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$7.6</td>
<td>$7.45</td>
<td>$7.55</td>
<td>$3.00</td>
<td>$60.4K</td>
<td>291</td>
<td>120</td>
</tr>
</tbody>
</table>
</p>
<h3>About Vale</h3>
<p>Vale SA is a large global miner and the world's largest producer of iron ore and pellets. In recent years the company has sold noncore assets such as its fertilizer, coal, and steel operations to concentrate on iron ore, nickel, and copper. Earnings are dominated by the bulk materials division, primarily iron ore and iron ore pellets. The base metals division is much smaller, consisting of nickel mines and smelters along with copper mines producing copper in concentrate. Vale has agreed to sell a minority 13% stake in energy transition metals, its base metals business, which is expected to become effective in 2024, and which is likely the first step in separating base metals and iron ore.</p>
<p>After a thorough review of the options trading surrounding Vale, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Current Position of Vale</h3>
<ul>
<li>With a volume of 20,080,043, the price of VALE is down -2.26% at $10.4. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 63 days.</li>
</ul>
<p>Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.</p>
<p>If you want to stay updated on the latest options trades for Vale, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.</p>


Vale's Options Frenzy: What You Need to Know

<p>Whales with a lot of money to spend have taken a noticeably bearish stance on <strong>Vale</strong>.</p>
<p>Looking at options history for Vale (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>) we detected 8 trades.</p>
<p>If we consider the specifics of each trade, it is accurate to state that 37% of the investors opened trades with bullish expectations and 62% with bearish.</p>
<p>From the overall spotted trades, 6 are puts, for a total amount of $1,028,420 and 2, calls, for a total amount of $84,420.</p>
<h3>Projected Price Targets</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $10.0 and $12.0 for Vale, spanning the last three months.</p>
<h3>Volume &amp; Open Interest Trends</h3>
<p>Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Vale's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Vale's significant trades, within a strike price range of $10.0 to $12.0, over the past month.</p>
<h3>Vale Call and Put Volume: 30-Day Overview</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1723658443_0.png" alt="Options Call Chart" /></p>
<h3>Significant Options Trades Detected:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>VALE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$2.95</td>
<td>$2.88</td>
<td>$2.95</td>
<td>$12.00</td>
<td>$303.8K</td>
<td>15.4K</td>
<td>3.4K</td>
</tr>
<tr>
<td>VALE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$3.2</td>
<td>$2.95</td>
<td>$2.95</td>
<td>$12.00</td>
<td>$286.7K</td>
<td>15.4K</td>
<td>2.4K</td>
</tr>
<tr>
<td>VALE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$3.6</td>
<td>$1.02</td>
<td>$2.92</td>
<td>$12.00</td>
<td>$210.2K</td>
<td>15.4K</td>
<td>720</td>
</tr>
<tr>
<td>VALE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$0.26</td>
<td>$0.24</td>
<td>$0.24</td>
<td>$10.00</td>
<td>$84.3K</td>
<td>39.4K</td>
<td>5.4K</td>
</tr>
<tr>
<td>VALE</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$2.95</td>
<td>$2.92</td>
<td>$2.95</td>
<td>$12.00</td>
<td>$73.1K</td>
<td>15.4K</td>
<td>1.4K</td>
</tr>
</tbody>
</table>
</p>
<h3>About Vale</h3>
<p>Vale SA is a large global miner and the world's largest producer of iron ore and pellets. In recent years the company has sold noncore assets such as its fertilizer, coal, and steel operations to concentrate on iron ore, nickel, and copper. Earnings are dominated by the bulk materials division, primarily iron ore and iron ore pellets. The base metals division is much smaller, consisting of nickel mines and smelters along with copper mines producing copper in concentrate. Vale has agreed to sell a minority 13% stake in energy transition metals, its base metals business, which is expected to become effective in 2024, and which is likely the first step in separating base metals and iron ore.</p>
<p>After a thorough review of the options trading surrounding Vale, we move to examine the company in more detail. This includes an assessment of its current market status and performance.</p>
<h3>Where Is Vale Standing Right Now?</h3>
<ul>
<li>With a volume of 24,397,230, the price of VALE is down -1.84% at $10.15. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 71 days.</li>
</ul>
<p>Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Vale with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.</p>


Market Whales and Their Recent Bets on VALE Options

<p><strong>BHP Group </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>) is considering a sale of the Brazilian copper and gold assets acquired through last year&#8217;s $6.3 billion takeover of <strong>Oz Minerals</strong>.</p>
<p><strong>What Happened</strong>: The assets reportedly up for sale include an untapped gold deposit and four small high-grade copper mines located in the state of Pará. </p>
<p>The most notable of these assets is the <strong>Pedra Branca</strong> project, which stands out as the sole operational mine, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-08-07/bhp-is-said-to-seek-buyer-for-gold-copper-mines-in-brazil">reported</a>.</p>
<p>Before the acquisition of Oz Minerals, BHP&#8217;s presence in Brazil was primarily tied to <strong>Samarco Mineracao SA</strong>, an independent iron ore venture with <strong>Vale </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>). However, Samarco has remained entangled in legal action following a <a href="https://www.benzinga.com/markets/equities/24/01/36799749/brazilian-judge-slams-mining-giants-vale-and-bhp-with-9-67b-charges-over-dam-collapse-report">2015 dam collapse</a>.</p>
<p>Last year, BHP explicitly stated its commitment to retaining its stake in Samarco, primarily focusing on restoring production to pre-disaster levels by 2028. Samarco's iron ore pellets are vital for producing low-carbon steel, aligning with BHP's sustainability goals.</p>
<p><strong>See Also: <a href="https://www.benzinga.com/m-a/24/08/40216672/glencore-votes-against-spinning-off-coal-remains-open-to-more-acquisitions">Glencore Votes Against Spinning Off Coal, Remains Open To More Acquisitions</a></strong></p>
<p><strong>Why It Matters</strong>: Situated in the Carajás mineral district, Pedra Branca&#8217;s reserves are estimated at five million tons, grading at 2.1% copper and 0.5 grams per tonne of gold, translating to 104,000 tons of contained copper and 89,000 ounces of contained gold.</p>
<p>In the third quarter of 2023, the first full production quarter after the acquisition, the mine produced 1,200 tons of copper and 800 ounces of gold. However, operations were temporarily suspended in August due to a geotechnical event.</p>
<p>BHP's potential divestiture of these assets is part of a broader strategic review to optimize its portfolio following an unsuccessful $49 billion <a href="https://www.benzinga.com/news/large-cap/24/05/39068033/time-runs-out-for-bhp-deal-49-billion-acquisition-of-anglo-american-proves-too-complex-to-solve">bid for <strong>Anglo American</strong></a>.</p>
<p>The report indicates the company has engaged <strong>Banco Santander SA</strong> to advise on the potential sale by anonymous sources who asked not to be identified.</p>
<p>BHP is scheduled to report next earnings on Aug. 25, 2024.</p>
<p><strong>Check Out: </strong></p>
<ul>
<li><a href="https://www.benzinga.com/government/24/08/40182376/uranium-explorers-call-for-lifting-mining-ban-in-western-australia-target-1b-in-exports"><strong>Uranium Explorers Call For Lifting Mining Ban In Western Australia, Target $1B In Exports</strong></a></li>
</ul>
<p><em>Benzinga Mining is the bridge between mining companies and retail investors. Reach out to </em><a href="mailto:licensing@benzinga.com"><em>licensing@benzinga.com</em></a><em> to get started!</em></p>


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