Vale S.A.
Multinational diversified metals and mining corporation / From Wikipedia, the free encyclopedia
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Vale (Portuguese pronunciation: [ˈvali]), formerly Companhia Vale do Rio Doce (Doce River Valley Company),[5] is a Brazilian multinational corporation engaged in metals and mining and one of the largest logistics operators in Brazil.[6] Vale is the largest producer of iron ore and nickel in the world. It also produces manganese, ferroalloys, copper, bauxite, potash, kaolin, and cobalt, currently operating nine hydroelectricity plants, and a large network of railroads, ships, and ports used to transport its products.[7]
Company type | Public |
---|---|
B3: VALE3 NYSE: VALE BMAD: XVALO Ibovespa Component | |
Industry | Metals and Mining[1] |
Founded | 1 June 1942; 81 years ago (1942-06-01) (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 | Eduardo Bartolomeo, CEO Luciano Siani, 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 |
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,[8][9] and its stock to lose nearly 25 percent in value.[10] Vale is considered the most valuable company in Latin America, with an estimated market value of US$ 111 billion in 2021.[11]