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Vale confident on 2021 iron ore guidance, though recovery still a marathon : executives
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VALE SA (VALE) Q2 2021 Earnings Call Transcript
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Brazil s Vale revises down year-end iron ore output
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Florida Department of Economic Opportunity Announces Floridaâs Withdrawal from Federal Pandemic Unemployment Compensation Program May 24, 2021
Tallahassee, Fla. – Today, the Florida Department of Economic Opportunity (DEO) announced another key step to returning more Floridians to work, following April’s labor statistics which show total private-sector employment increased by 18,800 jobs and more than 460,000 online job postings available throughout the state for job seekers. Florida will end its participation in the Federal Pandemic Unemployment Compensation program, the $300 per week supplemental FPUC payment, effective June 26, 2021, as part of DEO’s ‘Return to Work’ initiative.
Note that the additional federal Reemployment Assistance benefit programs, including Pandemic Unemployment Assistance (PUA), Pandemic Emergency Unemployment Compensation (PEUC), and Mixed Earners Unemployment Compensation (MEUC), will continue for the time being as DEO co
Vale reports record Q1 as iron ore, copper prices soar in tight market
Brazilian miner Vale, one of the world’s largest iron ore producers and a major copper producer, reported record first quarter financial results late April 26 as prices for these commodities soared, partly due to supply-side issues.
The company said it continues to stabilize output following dam disasters that resulted in lower iron ore production in recent years and the continuing impact of COVID-19 on its operations, now seen reducing copper output.
In Q1, Vale reported a pro forma adjusted EBITDA of $8.47 billion, a record for a first quarter, compared with EBITDA of $3.04 billion in Q1 2020, with seasonally lower volumes partially offset by higher prices. Q1 iron ore reference prices rose to $166.90/mt from $89/mt a year earlier. The performance was mainly pushed by the ferrous metals and base metals divisions.