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
$8.4bn tax contribution by Rio Tinto
(Posted on 11/04/21)Rio Tinto has released its 2020 Taxes paid. The company’s economic contribution report, which... Read more
En+ director joins Aluminium Stewardship Initiative board
(Posted on 06/04/21)En+ Group, the world’s leading producer of low-carbon aluminium and independent hydropower, has... Read more
Project to monitor global fertilizer usage
(Posted on 01/04/21)The International Fertilizer Association (IFA) and agri benchmark Cash Crop have announced the start... Read more
Rusal invests over $1bn on environment in a decade
(Posted on 01/04/21)Rusal, a leading global aluminium producer, invested over USD1bn in environmental projects between 2011... Read more
World crude steel production rises
(Posted on 28/03/21)World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel... Read more
Rio Tinto selects solar technology for Boron mine
(Posted on 28/03/21)International mining and metals company Rio Tinto and renewable energy technology company Heliogen has... Read more
NGFA outlines priorities for transportation bill
(Posted on 22/03/21)The USA’s National Grain and Feed Association (NGFA) has urged lawmakers to prioritise improvements... Read more
British Steel to invest £100m this year
(Posted on 17/03/21)British Steel has announced that it is investing £100m this year to support the next stage of... Read more
Rusal announces 2020 results
(Posted on 17/03/21)Rusal, a leading global aluminium producer, has announced its results for the year ended 31 December... Read more
Power supply launch prepares smelter for commissioning
(Posted on 11/03/21)En+ Group, the world’s largest producer of low carbon aluminium and independent hydropower, has... Read more
