Vale to purchase Ferrous
(Posted on 11/12/18)
Vale informs that it entered into a definitive agreement to buy Ferrous Resources Limited, a company that currently owns and operates iron ore mines closely located to Vale's operations in Minas Gerais, Brazil. The purchase price is US$ 550 million and the transaction is expected to occur in 2019, subject to various conditions precedent,
Vale’s primary business is mining, an essential activity in modern times. From cell phones to airplanes, building structures to coins, ores are the ingredients for various indispensable items for everyday life.
Vale are the world’s largest iron ore and nickel producer, also​ operating in other mineral sectors, and through investments in technology and logistics and assure efficiency, growth and sustainability in operations.
To ensure speed and safety of ore transportation, Vale has a logistics network integrating mines, railroads, ports and ships. The company has infrastructure in Brazil, Indonesia, Mozambique, Oman, Philippines and Argentina.
Its logistics structure also transports cargo for third parties. In addition, they offer two passenger train lines in Brazil: the Vitória – Minas and Carajás Railroads.
Through investment in state-of-the-art technology, Vale develop solutions which enable reduction of transportation costs and greenhouse gas emissions.
Latest News
WCA welcomes IEA report
(Posted on 21/09/20)The World Coal Association (WCA) Chief Executive, Michelle Manook has welcomed the IEA Energy Technology... Read more
Damen launches aggregate dredger for Hanson
(Posted on 21/09/20)Damen Shipyards Group has launched a Marine Aggregate Dredger (MAD) 3500 at its Galati yard in Romania... Read more
Rio Tinto rings the changes
(Posted on 14/09/20)Following the publication of the Board Review of Cultural Heritage Management (the Board Review), undertaken... Read more
Upfield and GrainCorp announce partnership
(Posted on 07/09/20)Upfield, a global leader in plant-based nutrition, has entered into a long-term partnership withGrainCorp... Read more
NGFA launches second Harvest Safety Week
(Posted on 28/08/20)The National Grain and Feed Association (NGFA) in the USA is launching its second-annual Harvest Safety... Read more
Economists expect US soy export growth
(Posted on 28/08/20)One might question how COVID-19 and U.S. Soy exports are related. For many, this might be a far stretch... Read more
IBJ Webinar to launch on 16 September
(Posted on 26/08/20)Launched in 1981, IBJ has an established track record of keeping the global bulk cargo handling and... Read more
WTO issues trade costs increase warning
(Posted on 17/08/20)The World Trade Organization’s (WTO) Secretariat has published a new informational note warning... Read more
Fertilizer industry “deeply touched” by Beirut explosion
(Posted on 10/08/20)Last week’s explosions at the port of Beirut have deeply touched the world’s fertilizer... Read more
Rio Tinto publishes Juukan Gorge submission
(Posted on 10/08/20)Rio Tinto has reiterated its determination to ensure that the destruction of heritage sites of exceptional... Read more
