Vale board gives CEO’s managment overhaul the thumbs up

The board of directors at Vale, the biggest iron-ore producer, has approved CEO Murilo Ferreira’s plan to reshuffle executive management, which results in CFO Guilherme Cavalcanti and two others leaving the firm. Ferreira first announced the...

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 CEO Ferreira losing no sleep over future iron-ore demand

Despite fears growing over the global economy, with the US on the brink of defaulting on its debts and the Eurozone crisis, world number-one iron-ore miner Vale CEO Murilo Ferreira is optimistic about demand and prices for the steelmaking...

Vale hits record $6.4bn Q2 profit as production and prices rise

The world’s biggest iron-ore miner, Vale, reaped a record $6.4-billion in net earnings for the second quarter, a 74% rise on the same period in 2010, and announced a $3-billion share buyback and an equal sum in dividends on Thursday. The...

New coal mine open in Mozambique

Brazil-based mining company Vale has opened a $1.7-billion coal mine in Mozambique, which will tap into the Southern African country's thermal and coking coal reserves of about 23-billion tons, reports advisory and consultancy services company...

Despite change in leadership, Vale unlikely to greatly increase its steel investment

The new CEO of Brazilian major mining group Vale, the world’s number two miner in terms of market capitalisation, Murilo Pinto de Oliveira Ferreira, has reaffirmed the company’s core focus. “It is important to highlight that Vale is a mining...

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 starts production at Moz coal mine, plans further investments in the country

Major Brazilian mining multinational Vale formally initiated operations at its $1,6-billion, 11 million ton nominal capacity, Moatize coal mine in the Tete province of Mozambique on May 8. The first coal export shipment is scheduled for July. The...

Asian demand 'tsunami' to buoy commodity prices - Vale

The world’s second-biggest mining company, announcing record first-quarter profits, on Friday said a “tsunami” of Asian urbanisation would lead to shortages in iron-ore supply at least until 2016 as miners failed to keep pace with demand....

Vale opens $1,4bn pellet plant in Oman

The world’s biggest iron-ore miner, Vale, on Monday started production at its $1,4-billion pelletising plant in Oman. The operation has a 4,5-million ton a year capacity, the Brazilian giant said.