Back Vale S.A. Afrikaans فالي دي ريو دوسي Arabic والی (شیرکت) AZB Vale (virksomhed) Danish Vale (Unternehmen) German Vale (compañía minera) Spanish Vale S.A. Estonian وله (شرکت) Persian Vale (entreprise) French Vale Croatian
 | |
| Company type | Public |
|---|---|
| B3: VALE3 NYSE: VALE BMAD: XVALO Ibovespa Component | |
| Industry | Metals and Mining[1] |
| Founded | 1942  |
| 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$ 38.0 billion (2021) |
| US$6.6 billion (2021) | |
Number of employees | 213,413 (2021) |
| 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),[3] is a Brazilian multinational corporation engaged in metals and mining and one of the largest logistics operators in Brazil.[4] 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.[5]
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,[6][7] and its stock to drop nearly 25 percent in price.[8]
- ^ "Vale's Performance in 2015" (PDF).
- ^ "Vale: Leadership".
- ^ "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.