vale mining

[21], Vale also operates hydroelectric plants in Canada and Indonesia. Vitória a Minas railroad - Vale operates under a 30-year contract this 905 km. [8], Following the 2019 disaster, BBC News reported that "Correspondents say the alarm system the company had installed to warn residents of any risk did not go off. Their concerns come on top of a separate report by a United Nations expert on Wednesday who said Vale’s restoration projects following the dam disaster in 2015 are behind scheduled. This is the section for those who want to invest in Vale or are already our shareholders​, Area with news and latest information for journalists ​, Learn about Vale's initiatives to incorporate sustainability into its business​, Snolab receives over $40 million for Scientific Research at Vale’s Mine, Vale launches challenge to promote connectivity in remote areas, Check out our initiatives for the conservation and enhancement, Learn how to access the 3Q20 results webcast, International Day of Sign Languages: See Vale’s Initiatives, Mozambique: Vale Is Praised for its Actions to Tackle COVID-19, Vale announces its 3Q20 performance: check the dates of reportings and dial in to conference calls, Vale in Mozambique Develops Archaeological Research, Check out the video of our Sustainability Report 2014, Vale in Indonesia wins an award for best environmental management. On February 5, 2019, the state court of the Province of Minas Gerais ordered Vale to halt use of eight of its tailings dams, including the Laranjeiras dam at Brucutu.[6]. The largest interest purchased was a 16.3% stake purchased by Brazilian steel company Companhia Siderúrgica Nacional. Vale is a global mining company, transforming natural resources into prosperity and sustainable development. [30], In 2002, Vale sold 100,000 acres of land and the eucalyptus forests thereon related to its wood pulp business for R$137 million. The task force said the company failed to replace a video camera that monitors safety, which had been allegedly stolen from Forquilha III, leaving the dam without proper monitoring since July 27. Both state and federal prosecutors told Reuters that in their view the company fails to take preventive measures, does not proactively disclose safety issues, waiting instead to be pressed by external auditors and authorities before taking action. Vale S.A. (Portuguese pronunciation: ) is a Brazilian multinational corporation engaged in metals and mining and one of the largest logistics operators in Brazil. “The company awaits external complaints before reacting, and this is systemic,” the prosecutor said. [61], In July 2012, Vale sold its ferro-manganese plants in Europe to Glencore for $160 million. By doing so, you will be able to compete for vacancies at Vale. [25], In the mid 1980s, profits increased considerably under the leadership of Eliezer Batista, father of Eike Batista.[26]. If you are in the Talent Bank, it is because you did well in the selection process stages for a Vale program, but it wasn’t possible to offer you a position at that time. Vale is a global mining company, transforming natural resources into prosperity and sustainable development. One of the cracks, they said in a written report, was 1.87 meters (6.1 feet) deep. Vale has also entered the shipping business by ordering 35 Very Large Ore Carriers (VLOC) to transport iron ore between South America and Asia. "Vale Loses License at Dam That Caused Iron Ore Force Majeure", by R.T. Watson. [71], Following the Córrego do Feijão disaster, a Brazilian court ordered Vale to stop disposing of tailings at eight dams. [55], In 2010, Vale launched a public offer to acquire fertilizer and copper producer Paranapanema. Vale received 25,000 votes, with the Belo Monte Dam cited as a reason. [37] In 2009, the company sold its remaining stake in Usiminas. [27], In March 2017, Vale SA choose a commodities industry veteran, Fabio Schvartsman as chief executive officer. Headquartered in Brazil and present in about 30 countries, we employ approximately 125,000 people between direct employees and permanent contractors. [11] Vale's Serra Sull / S11D is the largest mining reserve in the world. Vale features in Fortune ranking of world’s 500 largest companies. [5] Vale's Mariana Hub was the 9th largest iron ore mining center in the world in 2014, with an output of 39 million metric tonnes. [22], Founded as Companhia Vale do Rio Doce (widely known as CVRD prior to 2007) (in English, "Doce River Valley Company") was founded in Itabira, Minas Gerais, by the Brazilian Federal Government on 1 June 1942. "Vale Denied Having ‘Upstream’ Dams Ahead of Deadly Accident", "Vale posts record loss, to sell core assets", "True giants of mining: World's top 10 iron ore mines", "CVRD-controlled Carajas Railway received 12 new SD70M locomotives from Electro-Motive Diesel in December to handle growing traffic", "Railway Gazette: Mining drives African rail plans", "The interplay between home and host logics of accountability in multinational corporations (MNCs): the case of the Fundão dam disaster", Brazilian mining group’s giant ore carrier soon to enter service, SEC Info - Companhia Vale do Rio Doce, et al. [37] In 2009, the company sold its remaining stake in Usiminas. - 20-F - For 12/31/05, A CVRD Anuncia a Construção de uma Térmica a Carvão - Adriano Pires: O Globo Online, "As CVRD changes name to Vale, iron ore pre-talks begin", "Mining for Profits in the Jungles of Brazil", "First ship loaded at Ponta da Madeira: a special Monday in Vale's history", "Vale taps veteran executive Schvartsman as new CEO", "Brazil Awards Big Mining Stake To Group Bidding $3.13 Billion", "CVRD Sells its Last Pulp and Paper Assets", "Cross Shareholding Unwinding: CVRD Sells Its CSN Stake", "Ternium Purchases CVRD's Ownership Stake in Siderar", "CVRD Restructures Its Investment in Usiminas", "Brazilian mining giant Vale do Rio Doce share offer seen yielding R$1.93 billion", "CVRD Negotiates the Acquisition of FERTECO", "CVRD's Caemi purchase might face conditions", "Commission clears merger between Brazilian iron ore producers subject to undertakings", "Vale announces the sale of a minority stake of MBR", "Acquisition of the Sossego Project Confirms CVRD Copper Strategy", "CVRD Successfully Completes Take-Over Bid for Canico", "CVRD Announces Proposed All-Cash Offer to Acquire Inco", "CVRD obtains Investment Canada Act approval", "CVRD concludes acquisition of AMCI Holdings Australia", "Vale launches public offer to acquire Paranapanema", "Vale offers to buy Paranapanema for US$1.14bn", "VVale concludes acquisition of Mosaic stake in Fosfertil for US$1.03bn", "Hydro-Vale aluminium transaction to be completed today", "Vale of Brazil Sells Coal Stake to Mitsui & Co. for About $950 Million", "ICL Completes Acquisition Of 100% Of Fosbrasil S.A", "Silver Wheaton Acquires Additional Gold Stream From Vale's Salobo Mine", "Norsk Hydro: Hydro enters LoI with Vale to raise MRN ownership to 45%", Vale presents strategic planning for 2016 in London, "BHP Billiton reaches $1.55bn settlement with Brazil over dam collapse". We are working to generate prosperity, with social responsibility and respect for the environment, This feature only allows the sharing, via email, with one person. "[73], Multinational diversified metals and mining corporation, Acquisitions of Brazilian iron ore companies, Acquisition of Caemi and acquisition and partial disposition of MBR, Diversification into non-ferrous metals, coal and phosphate. "Hundreds feared dead as Brazil dam collapse releases mud tide", "With Hundreds Missing Following Burst Brazil Dam, a Frantic Search for Survivors", "Public Eye award singles out Brazilian mining company, Barclays". [20] The company also plans to build a 600 MW thermoeletric power plant in the state of Pará. We provide career opportunities in a challenging, dynamic work environment. 27-January-2016 . Vale is a solid company with a strong global presence and a dynamic, challenging work environment. "[73], Multinational diversified metals and mining corporation, Acquisitions of Brazilian iron ore companies, Acquisition of Caemi and acquisition and partial disposition of MBR, Diversification into non-ferrous metals, coal and phosphate. [5], From 2000 to 2006, Vale invested more than $1.3 billion on the acquisition of over 361 locomotives and around 14,090 freight cars, those locomotives were primarily for iron ore transportation, but some were for regular cargo. Vale, formerly Companhia Vale do Rio Doce (the Sweet River Valley Company, referring to the Doce River), is the largest producer of iron ore and nickel in the world. [69], In January 2012, Vale received the "people's choice" Public Eye Award as the corporation with the most "contempt for the environment and human rights" in the world. Twenty-nine dams that Vale uses to store mining waste still present elevated safety risks, according to Vitorelli, who forms part of a task force of about two dozen federal and state prosecutors who pressed charges against the company after the most recent disaster which killed 270 people in January 2019. Future actions from prosecutors potentially put some of that output increase at risk. Headquartered in Brazil and present in about 30 countries, we employ approximately 125,000 people between direct employees and permanent contractors. In 2014, Vale sold 7.5 million metric tonnes of coal. [27], In March 2017, Vale SA choose a commodities industry veteran, Fabio Schvartsman as chief executive officer. Vale S.A. (Portuguese pronunciation: [ˈvali]) is a Brazilian multinational corporation engaged in metals and mining and one of the largest logistics operators in Brazil. Iron ore: Vale is the world's largest iron ore producer. Please check if the e-mail is in the format name@domain.com. [44], In September 2003, Vale purchased an additional stake in Caemi from Mitsui for US$426.4 million. [12][13], After those investments, Vale became the owner of over 800 locomotives and more than 35,000 freight cars.[5]. BrazilIan mining giant Vale SA (VALE) has now partnered with China’s Zhoushan Port Company Ltd in a ‘strategic logistics alliance’, Reuters reports, citing a securities filing. The company owns coal mines in Australia and Mozambique. [5], Manganese and alloys: Sales of manganese and alloys represented 1% of total company revenues in 2014. [5], In November 2007, the company retired the name CVRD in favour of simplified company name of Vale, and rebranded. [39], In May 2000, the company also acquired a controlling interest in Samitri, one of the biggest pelletizing companies of Brazil. [23], One year later the Vitória a Minas railroad was inaugurated. Vale received 25,000 votes, with the Belo Monte Dam cited as a reason. Vale has disputed the allegation and said the dam was never left without monitoring. [51][52], In October 2006, Vale acquired Canadian-based nickel producer Inco, for $18.9 billion, including $17.7 billion in cash and the assumption of $1.2 billion in debt. Carajás railroad - The concession of this 892 km, Vale also has a stake in railway operators in Mozambique and Malawi via the, Port of Sepetiba - Vale operates two maritime terminals in the Port of Sepetiba area located in the state of, Teluk Rubiah Maritime Terminal (TRMT), a state of the art maritime terminal in the state of, This page was last edited on 26 September 2020, at 13:59.

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