Vale SA

Vale SA

Sector: Iron Ores Region: Brazil

: | Spanish Markets: XVALO | Sao Paulo Stock Exchange: VALE3 | Frankfurt Stock Exchange: CVLB | Sao Paulo Stock Exchange: VALE5 | Hong Kong Stock Exchange: 6210 | Spanish Markets: XVALP | Euronext Paris: VALE3 | Hong Kong Stock Exchange: 6230 | New York Stock Exchange: VALE | New York Stock Exchange: VALE.P


Vale SA is engaged in the production and export of iron ore, pellets, manganese, and ferro-alloys, which are raw materials needed for steelmaking. It operates through the following segments: Bulk Materials, Base Metals, Fertilizers, Logistical Services, and Others. The Bulk Materials segment includes the extraction of iron ore and the production of pellets, manganese ore, ferro alloys, and coal. The Base Metals segment involves the production of non-ferrous minerals, which include nickel, copper, and aluminum. The Fertilizers segment is comprised of three major groups of nutrients: potassium, phosphate, and nitrogen. The Logistical Services segment provides in the transportation of cargo for third parties. This segment is split into the rail transport, port, and shipping services divisions. The Others segment encompasses joint ventures and affiliates of other businesses. The company was founded on June 1, 1942 and is headquartered in Rio de Janeiro, Brazil.

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Vale is one of the largest mining companies in the world and a global leader in the production of iron ore. Present in 38 countries on five continents, it has more than 132,000 employees and contractors. Operating also in logistics, steel and energy, it is now the largest private company in Latin America. Vale invests in innovation to create the mining of the future and uses technology as an instrument to build a better world, transforming the planet's resources into development. It also invests in people, who are passionate about their lives and their work, without which none of this would exist. It is a global company, not only because it is present throughout the world, but because it thinks globally, acting in a responsible manner and committed to sustainability.

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VALE: pior empresa do mundo

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Vale SA Announces $3 Billion Share Buyback Program


Murilo Ferreira, President and Chief Executive Officer (CEO)
Murilo Pinto de Oliveira Ferreira was named CEO of Vale in May 2011. He has more than 30 years’ experience in the mining sector. In 2005 he was appointed Vale’s Executive Director for Shareholdings and New Business, with responsibility for aluminum, coal, stakes in steel projects, energy, new business, mergers and acquisitions. In 2006, he held the position of Executive Director for Nickel and Base Metal Sales. From 2007 to the end of 2008, he was CEO of Vale Inco, now Vale Canada.
Murilo Ferreira began his professional career at Vale in 1977 as a financial and economic analyst. The following year, he was made Financial Manager at Caraíba Metais, where he remained until 1980, when he was appointed International Financial Manager of Alumínio Brasileiro S.A. (Albras). After nearly eight years at Albras, he worked as a consultant on M&A and corporate restructuring projects, including for Companhia Paulista de Ferroligas, Sibra Eletrosiderúrgica Brasileira S.A. and Alumina do Norte S.A. (Alunorte). In 1998, he was appointed Financial and Commercial Director of Vale do Rio Doce-Alumínio (Aluvale), which was incorporated by Vale in December 2003. He has also been CEO of Alunorte, Albras and Mineração Vera Cruz.
He has served on the boards of various companies in Brazil and abroad, including Mineração Rio do Norte S.A. (MRN), Valesul Alumínio S.A., Alunorte, Albras, Usiminas, PT Inco (Indonesia) and Vale Inco (New Caledonia). He has also been a partner of Studio Investimentos, a fund management company focused on the Brazilian stock market.
He has an undergraduate degree in business administration from Fundação Getulio Vargas (FGV) in São Paulo, a postgraduate diploma in administration and finance from FGV in Rio de Janeiro and a Senior Executive diploma from IMD Business School in Lausanne, Switzerland.
Luciano Siani, Chief Financial Officer
Luciano Siani Pires was appointed Vale’s Chief Financial Officer in August 2012. Before this, from 2008 to July 2012, he held the positions of Global Director of Strategic Planning and Global Director of Human Resources and Governance at the company.
He has extensive professional experience in the areas of finance, capital markets and strategic planning. In 2007 and 2008, he was Chief of Staff and Executive Secretary to the President at Brazil’s National Development Bank (BNDES), where he previously worked from 2005 and 2006 as Chief of the Holding Management Department (Capital Markets), and Head of the Export Finance Department in 2001 and 2002. Also at BNDES, between 1992 and 1999 he held positions in the areas of financial planning, investor relations and capital markets. For two years, from 2003 to 2005, he worked as a consultant for McKinsey & Company, focusing on the basic materials sector. Luciano Siani has served on the boards of Tele Norte Leste (Telemar), Suzano Bahia Sul Papel e Celulose, and Vale/Valepar.
He has also taught for MBA programs at COPPEAD at the Federal University of Rio de Janeiro (UFRJ).
Luciano Siani has an undergraduate degree in Mechanical Engineering from Pontifícia Universidade Católica in Rio de Janeiro (PUC-RJ) and a MBA, with a Finance specialization, from the Leonard N. Stern School of Business, New York University.
Humberto Freitas, Executive Director, Logistics and Mineral Research
Humberto Freitas was appointed Executive Director, Logistics and Mineral Research in November 2011, and he is also responsible for the Vale Technology Institute (ITV) and Valia, Vale employees’ private pension fund. He developed a solid career at Vale and its subsidiaries, in the following areas: logistics, port and railroad operations; quality management; strategic planning and marketing; project management; and the implementation and operation of metallurgical plants.
From 2007 to 2010, he was the Director of various Vale departments, including Logistics Operations, Ports and Shipping, Port and Shipping Operations, and Port Logistics Operations. From 2003 to 2007, he was the Chairman and CEO of VALESUL Alumínio S.A., a Vale subsidiary. For five years, from 1988 to 2003, he was the CEO of Sepetiba Tecon S.A., a joint venture between Vale and CSN. Also at Vale, between 1993 and 1997, he was Ponta da Madeira Port General Manager and subsequently the General Manager of the Manganese Department. At CSN, from 1997 to 1998, he was the General Superintendent of Ports. For seven years, from 1985 to 1992, he was responsible for maintenance and service management at Alumínio Brasileiro S.A. (Albras). Before this, he was the Operational Planning and Control Manager at Caraíba Metais S.A. between 1979 and 1985, and the Pelletizing Plant Operations Manager at Vale from 1976 to 1979.
He is the President of the Council of the Brazilian Association of Port Terminals (ABTP) and a Board Member of MRS Logística.
He has an undergraduate degree in Metallurgical Engineering from Ouro Preto Mining School, and has taken the Advanced Management (PGA) and Partnership for Business Development (PDE) programs at the Dom Cabral Foundation. He has also taken the Senior Leadership Program at the Massachusetts Institute of Technology, and the J.L. Kellogg Executive Development Program at Northwestern University, both in the United States. He has also completed the Management Training Course of the Association of Overseas Technical Scholarship, Japan.

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