Back Vale S.A. Afrikaans فالي دي ريو دوسي Arabic والی (شیرکت) AZB Vale (virksomhed) Danish Vale (Unternehmen) German Vale S.A. Spanish Vale S.A. Estonian وله (شرکت) Persian Vale (entreprise) French Vale Croatian
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| 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 | 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 |
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, currently operating 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 lose nearly 25 percent in value.[11] Vale is considered the most valuable company in Latin America, with an estimated market value of US$ 111 billion in 2021.[12]
- ^ "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 BBC News January 30, 2019. Retrieved February 10, 2019.
- ^ "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", by Kelsey Rolfe, CIM magazine, Canadian Institute of Mining, Metallurgy and Petroleum, February 04, 2019. Retrieved February 10, 2019.
- ^ "Vale Loses License at Dam That Caused Iron Ore Force Majeure", by R.T. Watson, Bloomberg News, February 5, 2019. Retrieved February 10, 2019.
- ^ "Vale Denied Having ‘Upstream’ Dams Ahead of Deadly Accident", Wall Street Journal February 10, 2019. Retrieved February 10, 2019.
- ^ "Mercado vê valor de até R$ 858 bi para Vale na bolsa com explosão do minério". CNN (in Portuguese). 3 May 2021.