Vale’s foreign focus is on Africa, Asia a key market – CEO

The CEO of Brazilian major diversified mining group Vale, Murilo Ferreira, has reconfirmed the importance of Africa to his company. “It’s a new frontier,” he told the Brazilian journal Brasil Econômico last week. “Not only from the point...

Vale's Murilo replaces CFO in major management reshuffle

Six months after taking up the chief executive’s role at the world’s second-biggest mining company, Murilo Ferreira has embarked on a management shakeup that will see three executives replaced. The company said on Monday Humberto Freitas...

Vale now active in Southern, Central and West Africa

In June, Brazilian diversified mining major Vale, the world’s second-biggest mining company by market capitalisation, reaffirmed that it is set to make major investments in Africa by 2016. “Our current investment proposal in Africa is to...

Brazilian major now active in Southern, Central and West Africa

In June, Brazilian diversified mining major Vale, the world’s second biggest mining company by market capitalisation, reaffirmed that it is set to make major investments in Africa by 2016.

Vale fills world's biggest ore carrier with iron

The world’s number-two mining company, Vale, on Tuesday said it had for the first time loaded the biggest ore carrier ever, which will now set sail for Dalian in China. The 400 000-t Vale Brasil, as the vessel is named, arrived in São Luís...

Vale may spend more than $5bn on Simandou, sees first output 2012

Brazil's Vale, the world's second-biggest mining company, expects to invest some $5-billion to develop the Simandou iron-ore project in Guinea, a top executive said on Thursday. Vale announced last month it had agreed to buy a majority stake in...

Vale names Tito Martins to head nonferrous minerals, energy units

Brazilian mining and logistics group Companhia Vale do Rio Doce (Vale) has appointed Tito Martins as executive director of nonferrous minerals and energy, and Demian Fiocca as executive director for management and sustainability, the company said...