Vale is Brazilian multinational metal and Mining Corporation. It is the third largest mining company in the world.
Image: company website
Vale is also the largest producer of iron ore, pellets and second largest of nickel. It also produces ferroalloys, manganese, copper, bauxite, potash, kaolin, alumina and aluminum. Vale was privatized in 1997. To reduce the cost and risk of mining, Vale operates in energy and logistics sectors as well. They invest quite a lot in state of the art technology and developed solutions to reduce transportation costs and greenhouse gas emissions. Vale has excellent Energy solutions. They have a company in Brazil working for efficient and sustainable energy related solutions. Vale is also into Steelmaking. Their latest projects include establishing a steel plate mill in northeast Brazil, which is a joint venture between Vale and two major South Korean steel companies, Dongkuk Steel Mill Co. and Posco. The Company operates in four business segments: Bulk Material, Base metals, Fertilizers and Other. The Base metals segment holds the extraction of non-ferrous minerals. The Fertilizers segment produces potash, phosphate and nitrogen. The Other segment includes sales and expenses of other products, services and investments in joint ventures and associate in other businesses. Vale’s mission is to transform natural resources into prosperity and sustainable development. CEO Murilo Ferreira who has over 30 years of experience in mining heads the Vale Board of Directors.