Vale S.A. Sponsored ADR (BMFBOVESPA:VALE3) reported modest Q2 iron ore production and sales growth, kept its 2026 guidance and $95/t fines price, while governance shifts named Manuel Lino Oliveira chair with Previ’s backing and the company settled LNG contract payments of 340 million reais.
Previous Week Recap
- Vale 2026 Guidance Maintained: VALE3 Q2 iron ore production 84.3M t (+0.8% YoY), sales 79.7M t (+3.1% YoY). Maintained 2026 guidance 335–345M t. Iron ore fines price $95/t. Earnings release July 30.
- Manuel Lino Oliveira Elected Chair: Vale S.A. ADR (VALE3) shareholders elected Manuel Lino Oliveira as board chairman. Backed by major investor Previ after governance tensions, Oliveira was previously Vale’s lead independent director.
- Eneva Receives 340M Reais: Vale S.A. Sponsored ADR (VALE3): Eneva said it received 340 million reais tied to termination of Vale's LNG supply contract with VALE3.
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