Tag: Vale

• Monday, May 9th 2011 - 18:59 UTC

  Brazil’s Vale invests 2 billion USD to develop Mozambique vast coal reserves

  

  The world’s largest iron-ore producer, Brazil’s Vale will double investments in Mozambique to 4 billion US dollars in the next four years, said on Monday Chief Executive Officer Roger Agnelli.

• Monday, April 25th 2011 - 07:54 UTC

  Rousseff further intervenes in Brazil’s leading corporation

  

  Vale, the world’s largest iron-ore producer, named Brazil’s Deputy Finance Minister Nelson Barbosa, (a close ally of President Dilma Rousseff) as a member of the board after announcing earlier this month the replacement of its chief executive officer.

• Tuesday, April 5th 2011 - 08:53 UTC

  Brazil’s Vale yields to government pressure names new CEO

  

  Brazilian mining giant Vale, the world's biggest producer of iron ore, has chosen a new chief executive. Former Vale executive Murilo Ferreira will return to the company on 22 May.

• Friday, March 25th 2011 - 01:14 UTC

  Brazilian government wants to sack CEO of the country’s largest corporation

  

  Brazilian government is facing a political backlash over its apparent efforts to force out the head of mining giant Vale, the world’s largest iron ore miner. Opposition leaders on Thursday demanded Finance Minister Guido Mantega explain reports he asked a shareholder of Vale to help seek a replacement for CEO Roger Agnelli.

• Friday, February 25th 2011 - 06:20 UTC

  Record profits for world’s largest iron ore producer on China’s insatiable demand

  

  Brazilian mining giant and the world’s largest iron- ore producer Vale SA said its fourth-quarter profit almost quadrupled, because of surging prices for the raw material used to make steel.

• Saturday, May 8th 2010 - 06:22 UTC

  Brazilian Farmers Prospect for Phosphates to Cap Fertilizer Suppliers’ Dependence

  

  Farmers in Brazil have teamed up to drill an area the size of New York for phosphate-based fertilizers, seeking to cut dependency on producers including Vale S.A. (NYSE:VALE) and Mosaic Co. (NYSE:MOS) after prices surged.

• Friday, May 7th 2010 - 05:27 UTC

  Brazil’s Bovespa Plunges to a 3 Month Low and the Real to January 09 Level

  

  Brazil’s Bovespa stock index plunged Thursday to a three-month low, extending its drop in the past month to 12%, and the Real tumbled as concern Europe’s debt crisis will spread prompted investors to sell higher-yielding assets.

• Monday, May 3rd 2010 - 03:09 UTC

  Norway Takes Over Aluminium Business and Bauxite Deposits in Brazil

  

  Norway’s Norsk Hydro ASA (OSL: NHY), Europe’s third largest aluminum maker, agreed to buy mining and smelting assets from Vale (NYSE: VALE) in a deal valued at 4.9 billion US dollars, boosting its control over raw materials used in production.