 | |
| Company type | Public |
|---|---|
| B3: VALE3 NYSE: VALE BMAD: XVALO Ibovespa Component | |
| Industry | Metals and Mining[1] |
| Founded | 1 June 1942 (as Companhia Vale do Rio Doce) Itabira, Minas Gerais, Brazil |
| Founder | Vargas Era federal government of Brazil |
| Headquarters | Rio de Janeiro, Brazil |
Area served | Worldwide |
Key people | Gustavo Pimenta, CEO Murilo Muller, CFO[2] |
| Products | Iron ore Iron ore pellets Manganese ore Ferroalloys Copper Nickel Coal Fertilizers |
| Revenue |  US$ 54.5 billion (2021)[3] |
| US$ 24.8 billion (2021)[3] | |
| Total assets |  US$ 89.4 billion (2021)[3] |
| Owner |
|
Number of employees | 213,413 (2021)[3] In-House: 72.266 Outsourced: 141.147 |
| Subsidiaries | Vale Canada Vale Fertilizantes Caemi (98,3%) Samarco (50%) VLI Multimodal S.A. (37,6%) MRS Logística (10,9%) Companhia Siderúrgica do Pecém (50%) |
| Website | vale.com |
Vale (Portuguese pronunciation: [ˈvali]), formerly Companhia Vale do Rio Doce (Doce River Valley Company),[6] is a Brazilian multinational corporation engaged in metals and mining and one of the largest logistics operators in Brazil.[7] Vale is the largest producer of iron ore and nickel in the world. It also produces manganese, ferroalloys, copper, bauxite, potash, kaolin, and cobalt; as of 2014 the company operated nine hydroelectricity plants, and a large network of railroads, ships, and ports used to transport its products.[8]
The company has had two catastrophic tailings dam failures in Brazil: Mariana, in 2015, and Brumadinho, in 2019; the Brumadinho dam disaster caused the company to lose its license to operate eight tailings dams in Minas Gerais,[9][10] and its stock to drop nearly 25 percent in price.[11]
- ^ "Vale's Performance in 2015" (PDF).
- ^ "Vale: Leadership".
- ^ a b c d "Integrated Report 2021" (PDF). Vale IR. May 2022. pp. 21, 58, 59, 60, 90. Retrieved 11 July 2022.
- ^ vale
.com /check-out-our-company - ^ www
.reuters .com /markets /deals /saudi-arabias-maaden-acquire-10-brazil-base-metals-firm-statement-2023-07-30 / - ^ "Vale: The pride of Brazil becomes its most hated company". 30 January 2019. Retrieved 14 November 2024.
- ^ "Vale". EITI. Retrieved 28 March 2023.
- ^ Cite error: The named reference
20Fbusinesswas invoked but never defined (see the help page). - ^ "Vale ordered to halt operations at Brucutu". magazine.cim.org. Retrieved 14 November 2024.
- ^ "Vale Loses License at Dam That Caused Iron Ore Force Majeure". Bloomberg.com. 5 February 2019. Retrieved 14 November 2024.
- ^ "Vale Denied Having 'Upstream' Dams Ahead of Deadly Accident". The Wall Street Journal. 10 February 2019.