Vale SA ( (VALE) ) just unveiled an announcement.
Vale S.A. has released its financial statements for the year ending December 31, 2024, which were audited and found to present a fair view of the company’s financial position according to Brazilian accounting practices and IFRS standards. A key focus of the audit was on the provisions for the de-characterization of dams following the Brumadinho dam failure, reflecting complex engineering challenges and critical assumptions. The provision was noted at R$ 13,706 million, with ongoing assessments required due to the inherent uncertainties and potential for future material changes.
More about Vale SA
Vale S.A. is a leading company in the mining industry, primarily focusing on the extraction and production of iron ore, nickel, and other metals. The company operates globally with a significant presence in Brazil, where it manages extensive mining and logistic operations.
YTD Price Performance: 9.68%
Average Trading Volume: 32,920,214
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $41.61B
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