TORONTO (miningweekly.com) – Brazilian mining giant Companhia Vale do Rio Doce will change its legal name to Vale S.A., effective Friday, after the move was approved by shareholders at a special meeting.
The company had previously shortened its name to CVRD until November 2007, when it launched a new corporate identity, using the name Vale.
“The new name and logo communicate the company’s evolution, diversification and growth in recent years, during which Vale has been transformed into a global mining company with a diversified portfolio of products that are ubiquitous in and essential to people’s lives,” the group said in a statement on Friday.
The group recently changed its ticker symbols under which its American depositary shares trade on the NYSE to VALE and VALE.P, and is changing the names and brands of its commercial and exploration offices and some subsidiaries.
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