Vale S.A.

🏢 About Vale S.A.

Vale S.A. is the world's largest iron ore producer and the largest nickel producer outside Russia. Founded in 1942 in Rio de Janeiro as a state company and privatised in 1997, it mines iron ore, nickel, copper, cobalt and manganese primarily in Brazil and Canada. Its results are closely tied to Chinese steel demand. The 2019 Brumadinho dam collapse resulted in 270 deaths and massive liability provisions.