Company name: Vale SA
Category: Iron Ore Mining Company
Business location: Rio de Janeiro, Brazil
Expertise: Iron ore fines, iron ore pellets.
Keywords: Blast furnace lump, pellets and sinter feed; direct reduction pellets.
Telephone number: +55 21 3485-5000
Fax: +55-21-3814 9935
Email address: email@example.com
Other information: Founded as Companhia Vale do Rio Doce (widely known as CVRD prior to 2007) the business was founded in Itabira, Minas Gerais, by the Brazilian Federal Government on 1 June 1942. In May 1997, despite protests by Vale employees and some politicians, the Brazilian Government auctioned a 41.73% interest in the company, which was sold for R$3.34 billion (US$3.13 billion). The largest interest purchased was a 16.3% stake that was acquired by Brazilian steel company Companhia Siderurgica Nacional. As at mid-2018, the shareholding structure comprised 12% ownership by Brazilian investors (institutional and retail investors), 47% ownership by non-Brazilian investors (ADRs on the NYSE and BOVESPA), 20% ownership according to the Vale Shareholder Agreement (including Litel, Bradespar, Mitsui & Co and BNDESPar), and 21% other corporate ownersip (also involving Litel, Bradespar, Mitsui & Co and BNDESPar).
Vale's primary business is mining. Vale is the largest producer of iron ore in the world. Vale's iron ore sales mostly comprise iron ore fines, but include iron ore pellets. Vale's Serra Sull / S11D is the largest mining reserve in the world. The company's iron ore mines are primarily in Brazil.
Vale also produces nickel (where it ranks the largest producer in the world) as well as manganese, ferroalloys, copper, bauxite, potash, kaolin, and cobalt. The company also currently operates nine hydroelectricity plants and a large network of railroads (including concessions of three Brazilian railways: the Vitoria a Minas railroad, Ferrovia Centro-Atlantica and the Carajas railroad) as well as ships and ports used to transport its products.Through a joint venture with ThyssenKrupp Companhia Siderurgica do Atlantico (TKCSA), Vale was directly involved in iron and steelmaking until a few years ago. TKCSA is one of the biggest and most modern steel mills in the world. TKCSA was founded in 2004, and is headquartered in Rio de Janeiro. However, in 2016, Vale sold its 27% stake in TKCSA to Thyssenkrupp. Thyssenkrupp in turn sold its stake in TKCSA to Ternium in September 2017.