Vale targets possible $2 bln earnings rise for ferrous division by 2020

Vale expects earnings before interest, taxes, depreciation and amortization (Ebitda) from its ferrous minerals operations to rise by $1.20-2.00 billion by 2020, as part of its focus on improved competitiveness.

This would be equivalent to an Ebitda increase of $3-5 per tonne, to $41-45 per tonne in 2020 from $38 per tonne this year. In the third quarter of 2017, the Brazilian miner reported an adjusted Ebitda of $3.67 billion for its ferrous division. The intended growth will be mainly driven by a positive contribution from the...

Published

Ana Paula Camargo

December 06, 2017

18:37 GMT

São Paulo