On Thursday, Shares of Vale S.A. (NYSE:VALE), surged 12.61% to $5.
Vale is exiting its money-losing thermal coal business in Australia, selling a second project in less than a month, as prices for the power-generation commodity dive, according to Bloomberg.
The Brazilian miner agreed to sell its Integra coal mine complex to Australia’s Bloomfield Group and Glencore Plc, the buyers said in a statement Tuesday. No financial details were declared. Vale, which had put the project in care and maintenance last year after finding it economically inviable, declined to comment on the details of the transaction, saying it is focusing on top assets. Bloomberg Reports
“There is a planned shift,” Vale said Wednesday in an e-mailed statement, adding that the company is concentrating on “world class assets with high reserves volume and lower cost potential.”
Vale S.A., together with its auxiliaries, engages in the research, production, and sale of iron ore and pellets, nickel, fertilizer, copper, coal, manganese, ferroalloys, cobalt, platinum group metals, and precious metals in Brazil and internationally. Its Bulk Material segment produces and extracts iron ore and pellet.
Shares of Nokia Corporation (NYSE:NOK), inclined 1.12% to $6.32, during its last trading session.
HERE, a leader in mapping, navigation and location experiences, brought together a diverse group of automotive companies, system vendors and suppliers to discuss the establishment of an interface format for how in-vehicle sensor data is transmitted to a location cloud. Modern vehicles collect vast sums of information on road and traffic conditions through onboard sensors, all of which can be utilized to improve the safety and experience of nearby drivers, such as real-time map updates and alerts on traffic or hazardous conditions ahead. If vehicles transmit sensor data in different formats, however, the ability for a cloud to efficiently aggregate and analyze the data at scale is lost and benefits to the driver become less realized.
During the forum held at HERE in Berlin, Germany, participants representing 16 companies agreed the industry must define a format in which vehicle sensor data is ingested by a location cloud. Additionally, participants talked about a range of technical issues, counting data content, security, anonymization, and transmission accuracy and efficiency based on the ingestion interface specification recently published by HERE.
A recent forecast by automotive technology research firm SBD predicts that, by 2020, over 30 million vehicles will be sold annually with built-in connectivity, generating more than 163 million terabytes of data each year via their dozens of on-board cameras and sensor technologies.
Nokia Corporation, together with its auxiliaries, provides network infrastructure and related services in Finland, the United States, Japan, China, India, the Russian Federation, Germany, Taiwan, Indonesia, Italy, and internationally. The company operates through four segments: Mobile Broadband, Global Services, HERE, and Nokia Technologies.
Finally, Chemical & Mining Co. of Chile Inc. (NYSE:SQM), ended its last trade with 4.32% gain, and closed at $15.45.
Chemical & Mining Co. of Chile stated earnings for the six months ended June 30, 2015 of US$154.9 million (US$0.59 per ADR), an improvement from US$152.1 million (US$0.58 per ADR) for the six months ended June 30, 2014. Gross Margin reached US$295.2 million (33.9% of revenues) for the six months ended June 30, 2015, slightly lower than US$300.2 million (28.4% of revenues) recorded for the six months ended June 30, 2014. Revenues totaled US$871.8 million for the six months ended June 30, 2015, representing a decrease of 17.5% contrast to US$1,056.4 million stated for the six months ended June 30, 2014.
The Company also declared earnings for the second quarter of 2015, reporting net income of US$83.2 million (US$0.32 per ADR) contrast to US$71.1 million (US$0.27 per ADR) for the second quarter of 2014. Gross Margin for the second quarter of 2015 reached US$164.6 million, higher than the US$145.3 million recorded for the second quarter of 2014. Revenues totaled US$484.2 million, a decrease of about 7.3% contrast to the second quarter of 2014, when revenues amounted to US$522.3 million.
Chemical and Mining Company of Chile Inc. produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, industrial chemicals, potassium, and other products and services.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
