Vale SA
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Based in Rio de Janeiro, Brazil. Established in 1942. Vale is one of the largest mining company in the world and the largest private company in Latin America. The company is the world’s largest producer of iron ore and iron ore pellets and second largest producer of nickel. It also produces manganese ore, ferroalloys, metallurgical and thermal coal, copper, platinum group metals, gold, silver, cobalt, potash, phosphates and other fertilizer nutrients.
Address
- Avenida das Americas 700, Second Floor, Block 8, Store 318, Barra da Tijuca
Town, State, Country
- Rio de Janeiro, Rio de Janeiro, Brazil
Postcode
- 200640-100
- Chairman Gueitiro Matsuo Genso
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Year Established
1942
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No. of employees
10,000+
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Ownership
Valepar SA, 33.70%
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Free float, 61.00%
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Federal Government, 5.30%
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End User Industries
Fertilizer, construction, energy, electrical, foil, steel making, power, medicine, telecommunications, rail, aerospace
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Export Markets
Worldwide
Accreditation
- ISO 9001
- ISO 14001
- OHSAS 18001
Trade Association Membership
- ICMM - International Council on Mining and Metals
Stock Exchange Listings
- NYSE Euronext
- BM&F Bovespa
- Hong Kong Stock Exchange
Forum
Murilo Ferreira, CEO of Vale since May 2011, is leading a period of austerity for Vale, forced by the slow down in the iron ore market. Vale has just sold its Colombian coal assets for $407m and is looking at making $1bn from the sell some of its oil and gas assets in Brazil. The company is also cutting down on spending, with the projects in Mozambique, Indonesia and northern Brazil (Serra Soul project) as main priorities. But is Ferreira investing in the right projects?
MARIA FERREIRO