Vale (mining company)
 |
|
| Sociedade Anônima | |
| Traded as | |
| Industry | Metals and Mining |
| Founded | 1942 |
| Headquarters | Rio de Janeiro, RJ, Brazil |
|
Area served
|
Worldwide |
|
Key people
|
Murilo Ferreira, Chief Executive Officer Luciano Siani, Chief Financial Officer |
| Products |
Iron ore Iron ore pellets Manganese ore Ferroalloys Copper Nickel Coal Fertilizers |
| Revenue |
 US$26.047 billion (2015) |
|
-US$6.131 billion (2015) |
|
|
-US$17.720 billion (2015) |
|
| Total assets |
US$88.492 billion (2015) |
| Total equity |
US$35.704 billion (2015) |
|
Number of employees
|
76,531 (2014) |
| Website | www.vale.com |
Vale SA (Portuguese pronunciation: [ˈvali]) is a Brazilian multinational corporation engaged in metals and mining and one of the largest logistics operators in Brazil.
Vale is the largest producer of iron ore and nickel in the world. Vale also produces manganese, ferroalloys, copper, bauxite, potash, kaolin, and cobalt. The company also currently operates nine hydroelectricity plants and a large network of railroads, ships, and ports used to transport its products.
Although the company's primary operations are in Brazil, Vale has operations in 30 countries, which are detailed below and on the company's website.
The company is listed on the stock exchanges of São Paulo, New York City, Paris, Hong Kong, and Madrid.
The Brazilian Government owns 12 golden shares that give it control over certain actions including a liquidation or change in principal office.
Iron ore: Vale is the world's largest iron ore producer. Sales of iron ore fines and pellets represented 65% of total company revenues in 2014. In 2014, Vale sold 256 million metric tonnes of iron ore fines and 44 million metric tonnes of iron ore pellets. 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. Vale's Serra Sull / S11D is the largest mining reserve in the world. The company's iron ore mines are primarily in Brazil.
Nickel: Vale is the world's largest nickel producer. Sales of nickel represented 17% of total company revenues in 2014. In 2014, Vale sold 272,000 metric tonnes of nickel. The company owns nickel mines in Canada, Indonesia, New Caledonia, and Brazil.
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