Re: VALE Vale
Publicado: Jue Jul 30, 2015 7:46 pm
Para zanjar los valemax: respuesta de vale ir:
On the sale of the vlocs, 4 were delivered, are the proceeds going to appear as earnings on divestments this quarter?
The othe four...will receibe the same conditions? How many vlocs are left after this 8 go on sale?
We owned 19 valemax before selling 4 to Cosco in the end of May by US$ 445 million, this amount will be received by Vale upon delivering of the vessels to Cosco which is expected to happen in June. We also signed a cooperation agreement with CMES (China Merchants Energy Shipping) which involves the sale of 4 more valemax, this transaction is expected to be concluded in the coming months.
So, 19 – 4 (to cosco) = 15 for now. The agreement with China Merchant is still under discussion, we don’t have a price for the deal, but it will probably go around the same: ~100million per vloc.
You are not going to see this gain in our earnings report because there were no gain in the sale of the assets. We are selling the vessels by their book value. So we are just moving values between different assets in our balance sheet.
It is important for you to know that although we own 15 valemax, you should considerer that there are 35 valemax in operation. Each valemax carries 1.5Mt of iron ore per year.
On the sale of the vlocs, 4 were delivered, are the proceeds going to appear as earnings on divestments this quarter?
The othe four...will receibe the same conditions? How many vlocs are left after this 8 go on sale?
We owned 19 valemax before selling 4 to Cosco in the end of May by US$ 445 million, this amount will be received by Vale upon delivering of the vessels to Cosco which is expected to happen in June. We also signed a cooperation agreement with CMES (China Merchants Energy Shipping) which involves the sale of 4 more valemax, this transaction is expected to be concluded in the coming months.
So, 19 – 4 (to cosco) = 15 for now. The agreement with China Merchant is still under discussion, we don’t have a price for the deal, but it will probably go around the same: ~100million per vloc.
You are not going to see this gain in our earnings report because there were no gain in the sale of the assets. We are selling the vessels by their book value. So we are just moving values between different assets in our balance sheet.
It is important for you to know that although we own 15 valemax, you should considerer that there are 35 valemax in operation. Each valemax carries 1.5Mt of iron ore per year.