VALE recently announced a CAD 150M (USD 121M) investment that will help extend its mining activities in Thompson, Manitoba by a decade.
Vale has informed that Fabio Schvartsman was appointed Vale's CEO. Fabio Schvartsman has a graduate and post-graduate degree in production engineering from the University of São Paulo and a post-graduate degree in Business Administration from Fundação Getúlio Vargas.
Vale has recently declared that Clovis Torres will hold the position of Executive Officer for Human Resources, Health and Safety, Sustainability and Energy effective immediately, with the appointment already approved by the Board of Directors.
ICL, a global manufacturer of products based on specialty minerals for the agriculture, processed food and engineered materials markets, completed its acquisition of Vale Fertilizante’s (Vale) equity holding in Fosbrasil, a Brazilian-based producer of downstream phosphate-based products including purified phosphoric acid for the food market and phosphate-based fertilizers (Fosbrasil).
Brazilian company Vale is a finalist for the 2014 Swedish Steel Prize for developing a highly durable mining screener for iron ore in high strength steel.The Swedish Steel Prize is awarded annually by SSAB to recognise the most innovative design utilising high-strength steel.
ABB won a USD 103M contract from Brazilian mining company Vale to install electrical and automation systems at a modern iron ore mine in the Carajás mountains of northern Brazil as part of a major capacity expansion.