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Event Brief of Q4 2007 Companhia Vale do Rio Doce (CVRD) Earnings Conference Call - Final
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Fair Disclosure Wire
02-29-2008
PARTICIPANTS . Roger Agnelli, Vale, CEO . Fabio Barbosa, Vale, CFO . Felipe Hirai, Merrill Lynch, Analyst . Jorge Beristain, Deutsche Bank, Analyst . Carlos de Alba, Morgan Stanley, Analyst . Gaurav Bana, AllianceBernstein, Analyst OVERVIEW Co. reported outstanding financial and operational performance with nine production records in 2007. RIO reported that 4Q07 was strong and it expects 1Q08 to be much better than last year.
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Vale Initiates Iron Ore Price Talks
Engineering and Mining Journal
; In an elaborate ceremony in Brazil last month, the world's largest iron ore producer changed its name from Companhia Vale do Rio Doce (CVRD) to simply Vale (pronounced Valley, which is what the word means in Portuguese). In its third quarter numbers, Vale announced it had sold more than 78.5
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Industry expects fewer iron ore traders
China Daily
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High prices, slower demand could push iron ore into oversupply
Mining Engineering
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Inspection of iron ore imports to continue
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; China will continue to inspect the import of iron ore in a bid to ensure fair play in the sector, according to China's Ministry of Commerce. The ministry will continue to watch quantity, price and import countries of iron ore imports, said an official with the ministry's foreign trade department.
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'Industry can't afford iron ore price hike'
China Daily
; China's iron and steel firms cannot afford an increase in iron ore prices this year. That is according to a statement yesterday from the Ministry of Commerce and the National Development & Reform Commission. "Chinese steel and iron enterprises are facing many problems so China cannot accept another
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Global Iron Ore Survey: The Race Continues Between Supply and Demand
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Nation to improve iron ore trade management
China Daily
; China is poised once again to cut the number of businesses with permits to deal with iron ore imports to improve co-ordination in the sector. Since a new system was implemented earlier last year for Chinese steel makers and iron ore trading companies, the number of enterprises qualified to import
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India's iron ore duties worry importers
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