GOLD 1563.95 $/ozChange: -1.70
PLATINUM 1422.00 $/ozChange: -1.50
R/$ exchange 8.37Change: 0.03
R/€ exchange 10.47Change: 0.07
 
We have detected that the browser you are using is no longer supported. As a result, some content may not display correctly.
We suggest that you upgrade to the latest version of any of the following browsers:
         
close notification
powered by
Advanced Search
 
 
 
Home
 
Most Popular Articles
 
 
DIVERSIFIED MINERS
Vale shareholders approve name change
 
22nd May 2009
TEXT SIZE
Text Smaller Disabled Text Bigger
 

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.

Edited by: Liezel Hill

To subscribe to Mining Weekly's print magazine email subscriptions@creamermedia.co.za or buy now.

Subscribe Now Login
 
 
Topics in this article