Vale S.A.
Vale (Portuguese pronunciation: [ˈvali]), formerly Companhia Vale do Rio Doce (Doce River Valley Company), 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. 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.
| Company type | Public |
|---|---|
| B3: VALE3 NYSE: VALE BMAD: XVALO Ibovespa Component | |
| Industry | Metals and Mining |
| 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 |
| Products | Iron ore Iron ore pellets Manganese ore Ferroalloys Copper Nickel Coal Fertilizers |
| Revenue | US$ 54.5 billion (2021) |
| US$ 24.8 billion (2021) | |
| Total assets | US$ 89.4 billion (2021) |
| Owner |
|
Number of employees | 213,413 (2021) In-House: 72.266 Outsourced: 141.147 |
| Subsidiaries | Vale Limited 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, and its stock to lose nearly 25 percent in value. Vale is considered the most valuable company in Latin America, with an estimated market value of US$ 111 billion in 2021.