Vale do Rio Doce Company Description
Companhia Vale do Rio Doce (Vale), the world's #1 iron ore miner, has more than one iron in the fire. Iron ore and pellets account for more than half of Vale's sales, and the company accounts for a third of the world's ocean-shipped iron ore. Vale's mines also produce bauxite, nickel, kaolin, and potash. Other products include steel, ferroalloys, copper, and aluminum. It has holdings in hydroelectric power generation and in rail and shipping businesses, mainly to support its mining activities. It grew dramatically with the 2006 acquisition of what is now called Vale Inco. Investment group Valepar controls about a third of Vale. The Brazilian government holds limited veto power on any permanent company changes.
View the Comprehensive Company Description for Vale do Rio Doce
The Company Description provides a historical perspective of Vale do Rio Doce's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Vale do Rio Doce's evolution in the marketplace.
