On Tuesday, Shares of Vale S.A. (NYSE:VALE), gained 0.78% to $6.44.
BluMetric Environmental Inc. (BLM.V), an Ottawa -based cleantech company, is pleased to declare that it has been awarded a new contract, exceeding C$3.2M in the first year of a possible five-year span, to provide environmental engineering services to Vale Canada Limited (a subsidiary of Vale (VALE)). The contract provisions allow for the future addition of similar services and for future contracts over the five years.
Highlights of the Contract
- Presently valued at more than $3.2 million with predictable future growth over the term of the contract;
- Potential for future projects for the same facilities to be added as part of this contract;
- Total timespan of combined projects may reach five years;
- Project skills required comprise hydrology and hydrogeology, groundwater and surface-water testing and administration, in addition to environmental, civil, and water resources engineering.
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 The Dow Chemical Company (NYSE:DOW), inclined 0.24% to $53.57, during its last trading session.
Sadara Chemical Company (Sadara) is progressing on-budget and on-plan in alignment with Dow’s strategy to enable cost-advantaged growth in fast-growing regions such as Asia Pacific, the Middle East, Africa, and Eastern and Central Europe. Sadara is a joint venture developed by The Dow Chemical Company (DOW) and Saudi Arabian Oil Company (Saudi Aramco).
Noteworthy progress has been made in starting up key infrastructure and utility systems. Overall construction of the manufacturing facility is now about 94 percent complete with 47,000 personnel on site in Jubail Industrial City II, Saudi Arabia. The commissioning and startup of key utilities infrastructure is underway and the process for first production units will start in the second half of the year with initial polyethylene production startning near the end of 2015. Full site operations remains on track for the end of 2016.
Sadara’s 26 manufacturing assets are planned for a sequenced start-up process, startning with the polyolefins envelope to maximize timing in the ethylene cycle, followed by ethylene oxide/propylene oxide and their derivatives, with the polyurethanes portfolio in the final phase.
The Dow Chemical Company manufactures and supplies products that are used primarily as raw materials in the manufacture of customer products and services worldwide. It operates through Agricultural Sciences, Consumer Solutions, Infrastructure Solutions, Performance Materials & Chemicals, and Performance Plastics segments.
Finally, Altria Group Inc. (NYSE:MO), ended its last trade with -1.43% loss, and closed at $49.08.
Altria Group, hosted an investor day conference in New York City recently. Marty Barrington, Altria’s Chairman, Chief Executive Officer and President, and other members of Altria’s senior administration team highlighted Altria’s unique capabilities, its companies’ strong brands and strategies to create long-term value for shareholders.
Altria Group, Inc., through its auxiliaries, manufactures and sells cigarettes, smokeless products, and wine in the United States and internationally. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, Husky, and Marlboro Snus brand names.
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