Vale (mining company)
Privatized in 1997
- Roger Agnelli (CEO)
- Sérgio Ricardo Silva Rosa ( Chairman )
The shares are traded on the Madrid Stock Exchange, the Frankfurt Stock Exchange, the NYSE and the Bovespa in São Paulo. The company is listed on the Bovespa index.
Vale was in Itabira founded in 1942 as a state- owned company Companhia Vale do Rio Doce ( CVRD ). A few years ago the company was privatized. Through the acquisition of the Brazilian mining company Caemi ( 31 March 2006) and the Canadian company Inco ( 24 October 2006) rose to CVRD 's second largest mining company in the world. On November 29, 2007, CVRD called into Vale and its Canadian subsidiary CVRD Inco Vale Inco. In March 2008, the acquisition of the Swiss- British mining group Xstrata failed because of the influence of Xstrata major shareholder Glencore.
Vale has a market share of 35 percent of the largest iron ore exporter in the world. Due to this dominant market position Vale has a great influence on the world price for iron ore. Since most of the ore has been mined in Brazil, Vale has a double competitive advantage: firstly, the labor costs in Brazil are very low, on the other hand raises the Brazilian state very little taxes. About 55 % of its profits generated Vale iron ore.
Vale is also one of the largest transport companies in Brazil.
The Group operates
- The railway companies EFVM - Estrada de Ferro Vitória a Minas ( in transport between the states of Minas Gerais and Espirito Santo, EFC - Estrada de Ferro Carajás or FNS Ferrovia Norte - Sul SA)
- A ship owner and shipping agency for the handling of bulk carriers ( Docenave )
- Several bulk Seeverladeterminals for commodities in Brazil, for example, the Porto de Tubarão
- Logistics companies and inland freight terminals for general cargo and containers, for example Login Logistica Internacional SA, Rio de Janeiro,
- And seaport operations (for example, Terminal de Vila Velha, Vitória, Espirito Santo ).
Vale therefore is one of the leading logistics companies in Brazil.
Nickel has been the acquisition of the Canadian company Inco on 24 October 2006 with a share of the profits of about 35 %, the second main pillar of the company. In addition, Vale also promotes copper, platinum, gold, silver, coal and bauxite.
In addition, Vale held until 2010, more than 50 % share of Brazil's largest aluminum producer Alunorte, which operates its own loading facility in Vila do Conde in Belém in the state of Pará. In May 2010, Vale sold its aluminum business to the Norwegian competitors Norsk Hydro.
Vale is involved with 27 % of the ThyssenKrupp CSA steel mill.
Vale were often accused of human rights violations and environmental pollution. In 2012, the Group, the negative price was Public Eye Award, awarded since Vale plans to build the Belo Monte dam. These 40,000 people who lived in the Amazon region were resettled. If the dam is built, a large part of the forest would be flooded.