iron-ore-vale, page-16

Vale talk the talk?

"Brazil will overtake Australia and regain its position as the world's top iron ore exporter in 2017 after a giant new Amazon mine owned by Vale SA starts operations, Vale's investor relations chief said on Tuesday. The reversal will be sealed by the addition of new mines in Brazil, including Vale's 90 million-tonne-a-year Serra Sul mine at its Carajas complex in Brazil's northern Amazonian state of Para, investor relations director Roberto Castello Branco told investors in Rio de Janeiro."

Looks like Vale are walking the walk to me.

Expectations of the Vale payment vary on this forum from the min $10m to the max $40m. Reality is likely to be in between. It wouldn't be surprising if Vale was negotiating the price down due to market conditions but that doesn't mean that they'd walk away or that AVB would get screwed.

Whatever, we'll find out soon enough. imo