Vale S.A.
| Company type | Public |
|---|---|
| B3: VALE3 NYSE: VALE BMAD: XVALO Ibovespa Component | |
| Industry | Metals and Mining |
| Founded | 1942 |
| Headquarters | Rio de Janeiro, Brazil |
Area served | Worldwide |
Key people | Gustavo Pimenta, CEO Murilo Muller, CFO |
| Products | Iron ore Iron ore pellets Manganese ore Ferroalloys Copper Nickel Coal Fertilizers |
| Revenue | US$ 38.1 billion (2024) |
| US$6.2 billion (2024) | |
Number of employees | 213,413 (2021) |
| Subsidiaries | Vale Canada Vale Fertilizantes Caemi (98,3%) Samarco (50%) VLI Multimodal S.A. (37,6%) MRS Logística (10,9%) Companhia Siderúrgica do Pecém (50%) |
| Website | vale.com |
Vale (Portuguese pronunciation: [ˈvali]), formerly Companhia Vale do Rio Doce (Doce River Valley Company), is a Brazilian multinational corporation engaged in metals and mining and one of the largest logistics operators in Brazil. Vale is the largest producer of iron ore and nickel in the world. It also produces manganese, ferroalloys, copper, bauxite, potash, kaolin, and cobalt; as of 2014 the company operated nine hydroelectricity plants, and a large network of railroads, ships, and ports used to transport its products.
The company has had two catastrophic tailings dam failures in Brazil: Mariana, in 2015, and Brumadinho, in 2019; the Brumadinho dam disaster caused the company to lose its license to operate eight tailings dams in Minas Gerais, and its stock to drop nearly 25 percent in price.