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
Rio Tinto 2018 iron ore shipments rise
(Posted on 22/01/19)On the release of the company’s fourth quarter results, Rio Tinto chief executive J-S Jacques... Read more
Hard coal world trade in 2018 rises by 3.7%
(Posted on 22/01/19)According to provisional calculations by the German Coal Importer Association (VDKi), hard coal world... Read more
HeidelbergCement portfolio optimisation
(Posted on 14/01/19)HeidelbergCement has made good progress with the acceleration of its portfolio optimisation during the... Read more
New report for CCUS in Chinese power sector
(Posted on 14/01/19)Over the last decade, China has become one of the champions for clean coal generation; transitioning... Read more
Rusal announces Chairman’s resignation
(Posted on 07/01/19)UC Rusal, one of the world’s largest aluminium producers, has announced the resignation of Matthias... Read more
Rio Tinto completes sale of Grasberg interest
(Posted on 07/01/19)Rio Tinto has completed the sale of its entire interest in the Grasberg mine in Indonesia for $3.5 billion... Read more
NGFA commends USDA
(Posted on 07/01/19)The USA’s National Grain and Feed Association (NGFA) has commended the U.S. Department Agriculture... Read more
Cargill to end cocoa deforestation
(Posted on 19/12/18)Cargill has outlined its plan to eliminate deforestation from its cocoa supply chain. The Protect Our... Read more
WCA responds to Global Status of CCUS report
(Posted on 19/12/18)The World Coal Association (WCA) has welcomed the publication of the Global Status of CCS: 2018 report... Read more
Rio Tinto completes Dunkirk smelter sale
(Posted on 19/12/18)Rio Tinto has completed the sale of its aluminium smelter at Dunkirk, France, to Liberty House for $... Read more
