VALE Vale

[mcl]

Creo que es positivo que se zanje de una vez por todas este tema.

[kelui]

15TH JUNE 2018

BY: BLOOMBERG

RIO DE JANEIRO – After a year of back and forth, the owners of the idle Samarco iron-ore mine are close to signing a definitive settlement with Brazilian prosecutors that will clear the way for restart preparations and debt talks to begin, according to people briefed on the matter.

Joint venture partners Vale SA and BHP Billiton have already secured four court extensions to negotiate the settlement of a multibillion-dollar claim stemming from a fatal tailings dam disaster in 2015.

This time the two sides are on track to meet the deadline, which now stands at June 25, the people said, asking not to be identified because talks are private. Final details probably will be ironed out in the coming days, including a request by prosecutors to have community representatives on the board of a foundation that administers ongoing reparations, the people said.

The prosecutor’s office had no comment. The press departments of Vale, BHP and Samarco declined to comment.

The settlement would bring together two separate claims: 155-billion reais ($41-billion) sought by federal prosecutors and 20-billion reais sought by the southeastern state of Minas Gerais in a civil suit.

Resolving the legal cases will allow talks with creditors to begin as the company starts to draft its long-term business plan, although any restructuring deal would still require a firm restart date, the people said. Vale’s best case is a limited restart in the first half of 2019. Wood Mackenzie predicts 2020.

In a note to clients Wednesday, Exotix reiterated a buy rating on Samarco bonds, predicting a fine that’s in line with the venture’s future ability to pay.

"We expect them to seek not to jeopardize Samarco’s future operations and/or profitability, and allow it to become profitable enough to take care of bondholders and other creditors," wrote Rafael Elias, a director for Latin American research at Exotix.

Samarco notes due 2022 trade at about 66c on the dollar, down from a peak of 80c in January. Without a restart, they are worth zero, said Patrik Kauffmann, who helps manage $11-billion in assets at Solitaire Aquila in Zurich.

In December, Samarco obtained permits to use the Alegria Sul pit for depositing waste, but has held off preparatory work until settling with prosecutors. Other restart permits are pending.

EDITED BY: BLOOMBERG

[kelui]

Samarco reportedly near settlement with Brazil prosecutors

Jun. 15, 2018 12:08 PM ET|By: Carl Surran, SA News Editor
Joint venture partners Vale (VALE -3.7%) and BHP Billiton (BHP -3.9%) are close to signing a definitive settlement with Brazilian prosecutors that will clear the way to restart Samarco iron ore operations and debt talks to begin, Bloomberg reports.

The partners have secured four court extensions to negotiate the settlement of a multibillion-dollar claim stemming from the fatal 2015 tailings dam disaster, but this time the group is on track to meet the deadline, which now stands at June 25, according to the report.

A settlement reportedly would allow talks with creditors to begin as Samarco starts to draft its long-term business plan, although any restructuring deal would require a firm restart date; Vale’s best case is a limited restart in H1 2019.

[mcl]

La Corte de Brasil falla contra el Lava Jato: se espera por la libertad de Lula
¡Bien!

https://www.minutouno.com/notas/3076733 ... ertad-lula

http://www.telam.com.ar/notas/201806/29 ... -jato.html

Para los que vamos a largo y aún tenemos humanidad, un gobierno solido que favorezca al pueblo brasileño es lo mejor que nos puede pasar.

[egis]

La Corte de Brasil falla contra el Lava Jato: se espera por la libertad de Lula
¡Bien!

https://www.minutouno.com/notas/3076733 ... ertad-lula

http://www.telam.com.ar/notas/201806/29 ... -jato.html

[kelui]

Si luis, acá el volumen tranqui, pero BHP RIO CLF y FCX le están dando duro

[Luis XXXIV]

que p.i.j.a.z.o en seis ruedas perdió la ma20 50 y 100, si no frena por acá nos vemos en la ma200

Si y hoy es todo el sector el golpeado.

[Citizen]

tengan cuidado los que van de largo en estas instancias le queda poca leche parece...

post del 6/6...desde entonces no para de bajar...a 12 mangos tranqui para ver

[kelui]

que p.i.j.a.z.o en seis ruedas perdió la ma20 50 y 100, si no frena por acá nos vemos en la ma200

[kelui]

Donde miras la cotización de las opciones afuera¿
Tu broker¿
Porque el mío me lo muestra con del ay

Gracias

si, lo tengo en mi broker pero hay cosas que tienen delay como el open interest que estoy viendo como quedó ayer y el short interest te da el de la semana previa, debe haber forma de verlo real time pero no se como será.

[Lec003]

Ahora veo antes de apertura 5,7M de OI en las bases OTM

14.0 Call 0.02 0.03 0.03 -0.10 0 34,069
14.5 Call 0.01 0.02 0.02 0.00 0 6,060
15.0 Call 0.00 0.01 0.01 0.00 0 16,843

Donde miras la cotización de las opciones afuera¿
Tu broker¿
Porque el mío me lo muestra con del ay

Gracias

[kelui]

Ahora veo antes de apertura 5,7M de OI en las bases OTM

14.0 Call 0.02 0.03 0.03 -0.10 0 34,069
14.5 Call 0.01 0.02 0.02 0.00 0 6,060
15.0 Call 0.00 0.01 0.01 0.00 0 16,843

[Ezebursatil]

para mi hasta el lunes no arranca
espero que hoy se limpie el mercado de opciones, defendiendo la 14 14,5 y 15 donde hay 5M de acciones de OI en USA, cruzo los dedos ya que tengo papeles 100%

Buen dato! no habia mirado desde esa posicion. si baja hoy el usd sera oportunidad de llevar un poco.

[kelui]

Arranca o no arranca afuera?

https://www.tradingview.com/x/w4Ubmmlj

para mi hasta el lunes no arranca
espero que hoy se limpie el mercado de opciones, defendiendo la 14 14,5 y 15 donde hay 5M de acciones de OI en USA, cruzo los dedos ya que tengo papeles 100%

[garralaucha2]

Arranca o no arranca afuera?

https://www.tradingview.com/x/w4Ubmmlj