If Vale is seen spending money to get NESA up to speed on meeting the 40 requirements set forth by Ibama (it has only met about 25 of them sofar), that will likely be seen as a negative on the stock.
Telecom commissioner Viviane Reding, who has sofar been one of the lesser known EU commissioners, is set to rise in prominence when she sets forth a plan in early November that would radically alter the way that telecom companies are regulated across the continent.