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
CONVEY’22 to feature regulatory compliance, grain safety and ops training
(Posted on 01/07/22)The National Grain and Feed Association in the USA (NGFA) is partnering with the Grain Elevator and... Read more
Landmark guide supports First Nations community engagement
(Posted on 26/06/22)A new guide to support industry and organisations to engage with First Nations communities across Australia... Read more
First ore delivered at Rio Tinto Gudai-Darri mine in the Pilbara
(Posted on 20/06/22)Rio Tinto has delivered first ore from the Gudai-Darri iron ore mine as the company brings online its... Read more
British Steel pressing ahead with £26 million investment
(Posted on 20/06/22)British Steel has been given planning approval for a £26 million upgrade to its Special Profiles... Read more
Trafigura strong in testing times
(Posted on 12/06/22)Trafigura Group Pte. Ltd, a market leader in the global commodities industry, released its half year... Read more
MoU to study using Rio Tinto iron ore in green steelmaking
(Posted on 08/06/22)Rio Tinto and the Salzgitter Group have signed a Memorandum of Understanding (MOU) to work together... Read more
Bunge surpasses South American non-deforestation and sustainability targets
(Posted on 03/06/22)Bunge has announced that it has exceeded its non-deforestation targets for monitoring and traceability... Read more
British Steel launches green hydrogen feasibility study
(Posted on 31/05/22)British Steel is conducting a major study into the use of green hydrogen in the company’s drive... Read more
Trafigura makes further commitment to First Movers Coalition
(Posted on 25/05/22)Trafigura Group Pte Ltd., a market leader in the global commodities industry, has made a new commitment... Read more
BHP inaugurates a new copper concentrator in Spence
(Posted on 18/05/22)BHP CEO Mike Henry has led the opening of Spence's new copper concentrator plant.The project required... Read more
