掀开奶罩边躁狠狠躁苏玥视频,无码专区3d动漫精品,去阳台跪着把屁股抬起来,精品国产丝袜黑色高跟鞋


Moody's cuts Vale's credit rating to junk

  • Thursday, February 28, 2019
  • Source:ferro-alloys.com

  • Keywords:Mondy, Vale, credit
[Fellow]Moody's cuts Vale's credit rating to junk

[ferro-alloys.com]Mining giant Vale (NYSE: VALE) took a hit on Wednesday when Moody's Investor Service downgraded its debt to junk.

Moody’s downgraded the miner’s senior unsecured ratings and the ratings on the debt issues of Vale Overseas Limited. The downgrades remove Vale’s credit rating from the investment range entirely.

“The outlook for all ratings is negative,” Moody’s reported. “These rating actions conclude the review for possible downgrade for Vale's ratings initiated on 29 January 2019 in response to the collapse of the tailings dam at the Córrego do Feijão mine in the city of Brumadinho, state of Minas Gerais.”

Following the collapse, Vale declared force majeure on some iron ore contracts after a court-ordered halt to a mine responsible for nearly 9% of its output. The force majeure on some iron ore and pellets sales contracts came after a court on Monday ordered it to stop using eight tailings dams, including one affecting production of about 30 million tonnes of iron ore output per year.

At market close, Vale’s shares were trading at $12.50, down 16% since before the accident.

Separately on Wednesday, the Brazil Senate passed a dam safety bill in response to the disaster.

The legislation tightens safety regulations on all types of dams, would ban upstream tailings dams similar to those that burst, strengthening a move already taken at the administrative level by the National Mining Agency.

This comes after The International Council on Mining and Metals (ICMM), a London-based industry group representing 27 major companies, rallied to set an independent panel of experts in charge of developing a global standard for tailings facilities to be followed by its members.

The Brumadinho disaster spurred a worldwide outcry against Vale and the Brazilian government for allowing two similar disasters to happen in  three years. In 2015, a dam burst in the nearby town of Mariana, killing 19 people.

So far, eight Vale staff and contractors have been arrested in Brazil during the investigation that is part of the fallout from the disaster.

(Mining.com)

  • [Editor:王可]

Tell Us What You Think

please login!   login   register
Please be logged in to comment!
主站蜘蛛池模板: 玉龙| 阿克苏市| 侯马市| 汝阳县| 肇源县| 准格尔旗| 德钦县| 鹤山市| 龙海市| 来宾市| 阿拉尔市| 玉山县| 自贡市| 银川市| 贵德县| 北川| 昌图县| 上饶县| 津市市| 盐亭县| 尚义县| 大石桥市| 四平市| 沽源县| 陈巴尔虎旗| 浦县| 安多县| 黎平县| 禄丰县| 景泰县| 高雄市| 天气| 车致| 涟水县| 揭西县| 北碚区| 陆川县| 安泽县| 蓝山县| 夏津县| 灵璧县|