Vale of Brazil (Vale of Brazil, abbreviation: Vale, full name: Companhia Vale do Rio Doce[1] ?) Abbreviation: Vale, trademark VALE. vale of Brazil was founded on June 1, 1942.
Brazil Vale's iron ore production accounts for 80% of Brazil's total national production.
Vale do Brasil Vale do Brasil Vale do Brasil Vale do Brasil Vale do Brasil Vale do Brasil, or Vale do Brasil
Brazil's iron ore resources are extremely rich, accounting for 6.5% of the world's total reserves, for the world's first iron-rich iron ore producing countries.
Brazil Vale (CVRD) is the world's largest iron ore producer and exporter, but also the largest mining company in the American continent, known as Brazil's "crown jewels" and "the engine of the Amazon region". The company was founded on June 1, 1942, and in addition to iron ore, it also handles manganese ore, aluminum ore, gold ore and other minerals, as well as pulp, ports, railroads and energy. The company began to privatize and merge with iron ore companies on May 7, 1997, and in the early 2000s, Vale acquired not only SOCOIMEX, but also all of the shares of Sametri Mining.
Now, Vale's iron ore production accounts for 80 percent of Brazil's total output. Its iron ore resources are concentrated in the "Iron Four Corners" region and the north of Brazil's Para State, with quite Boppébe iron ore, Carpanema iron ore, Caracas iron ore, etc., retained iron ore reserves of about 4 billion tons of its main minerals can be sustained mining for nearly 400 years. Vale's mineral mining and development plan is to focus on the world,
which includes: mining coal, bauxite, copper, iron and diamonds in Venezuela; mining aluminum and copper in Peru; mining aluminum
and copper in Chile; mining potash, aluminum, and copper in Argentina; mining manganese in Gabon; mining coal, aluminum, and copper in Mozambique; mining diamonds, aluminum, copper, potash, and iron in Angola; mining aluminum, copper, potash, and iron in Brazil; and mining aluminum, copper, and iron in Brazil. iron; aluminum, copper, nickel, platinum group ores; manganese, diamonds, kaolin and bauxite in Brazil;
aluminum, copper and coal in Mongolia; coal, copper, aluminum and bauxite in China.
Vale's gross revenues reached $20.4 billion in 2006, up 52 percent from a year earlier. Net profit reached $6.5 billion,
up 52 percent from a year earlier. The company's record mineral production in 2006 included 276 million tons of iron ore and pellets,
3.2 million tons of alumina, 485,000 tons of primary aluminum, 169,000 tons of copper, 733,000 tons of potassium and 1.3 million tons of kaolin. Business operations
Accounting for 29.0% in Europe, 27.5% in Brazil, 12.4% in China, 8.9% in Japan, 4.4% in the U.S.A.
4.4% in the U.S.A.
4.8% in the rest of Asia, and 13.0% in the rest of the world.
Vale has 5 offices around the world, including one in China in 1994; business operations and mineral extraction activities in 15 countries
regions; investment projects in China; and project feasibility studies underway in 2 countries.
Ownership of International Nickel
Brazil's Vale Mining said in a communiqué on Oct. 24, 2006, that it had acquired a 75.66 percent stake in Canada's International Nickel Corp. for C$86 ($76.90) per share in cash. Vale is the world's fourth largest mining company in 2006 by sales size, the amount of up to 15.8 billion U.S. dollars after the completion of the acquisition deal, Vale will become the world's largest nickel producer and the world's second-largest mining group after Australia's BHP Billiton. Vale said in its communiqué that it plans to acquire all of the outstanding shares issued by International Nickel Canada. In order to allow the remaining shareholders of International Nickel to join the acquisition plan, Vale extended the acquisition period until November 3rd. Vale's full acquisition of International Nickel would cost $17.2 billion, which would be by far the world's largest acquisition in the mining industry by dollar amount and the largest merger and acquisition in the 64 years since Vale's establishment.
Entering the Chinese market
World
Signing ceremony
Brazil's Vale, one of the world's three largest mining giants, has begun to expand its role from purely that of an ore trader to that of an industrial investor in order to compete for the Chinese market."
On Jan. 27, 2008, Brazil's Vale Mining announced it would set up a new pelletizing plant in Zhuhai, the first of its ore operations in China. first ore business investment in China.
Investing in the construction of large ships to reduce freight costs farther away from China, has been Brazil's Vale relative to the other two mining giants in the Australian continent as well as the disadvantage of the Indian mining enterprises, for this reason, Vale is ordering the construction of 400,000 tons of cargo capacity of large-scale iron ore carriers, and named the "China", after the construction of the world's largest iron ore transport ship will become the "China". The world's largest iron ore transportation ship, can greatly reduce the cost of iron ore transportation.
Maintaining the LTA price mechanism
After the start of iron ore negotiations in 2008, Australian mining company BHP Billiton had put forward a proposal to change the iron ore negotiation mechanism and establish a daily index system similar to that of other resource products, rather than just relying on face-to-face negotiations for several months at the end of each year, while another major mining giant Rio Tinto announced that it would sell part of its iron ore to the spot market Both are because they see the huge price space that exists between the spot market and the negotiated price of long-term contracts. Vale believes that the long-term price mechanism is the most favorable to both supply and demand, and hopes to maintain it in the long term.
Building a plant in Oman
On May 8, 2008, Brazilian mining giant Vale signed an agreement with Oman's Sohar Industrial Port Company to invest about US$1 billion in building an iron ore processing plant and distribution center at Sohar Port. Vale plans to transport iron ore from Brazil to the Port of Sohar, then process it into pelletized iron ore at its processing plant and ship the product across the Middle East through a distribution center at the Port of Sohar.
Vale's plan, which was approved by the company's board of directors, will make the Sohar iron ore processing and distribution project Vale's first greenfield investment in the steel industry overseas in Brazil. Vale's iron ore processing plant at the Port of Sohar is expected to be operational in the second half of 2010. Located 240 kilometers northwest of Oman's capital, Muscat, the port of Sohar covers an area of about 20 square kilometers, with plans to build three blocks for petrochemicals, metallurgy and logistics.
Responding to Financial Crisis
Brazilian mining giant Vale SA confirmed on Dec. 3, 2008, that in response to the financial crisis, the company has laid off 1,300 employees globally and arranged for 5,500 employees to go on collective leave, with an additional 1,200 receiving off-the-job training. 20% of the laid-off staff and 80% of the vacationers are concentrated in Minas Gerais state in southeastern Brazil, while the distribution of the others is not yet clear. Vale said that since November has been the company's global staff in a number of departments to implement the above measures, according to the plan, the last batch of vacation staff will return to work in March next year. [3]
? After the outbreak of the financial crisis, by the steel industry downturn, Vale had announced in October to reduce production of 30 million tons of iron ore, and reduce production in France, Norway, China and Indonesia and other countries part of the production.
Iron Ore Negotiations
On June 10, 2009, Vale announced that it had completed negotiations on iron ore prices for the 2009 fiscal year with Japan's Nippon Steel and South Korea's POSCO. Vale announced that it has reached an agreement with Nippon Steel and POSCO to reduce the iron ore price by 28.2%, and the FY09 powder ore contract price will be reduced by 28.2%, lump ore price by 44.47% and pellet ore price by 48.3%.
The CISA is calling for iron ore to be cut at least 40 percent from its 2008 benchmark price and may withdraw from the current 40-year-old iron ore pricing system as steelmakers look to the newly developing spot market for supply.
Brazilian miner Vale said on June 7, 2009, that it refused to offer bigger discounts, saying China would only have to withdraw from the current system if it did not accept 7a686964616fe78988e69d8331333337626166 the current iron ore benchmark price it negotiated with other Asian steelmakers.