Brazil's CVRD (vale of Brazil, referred to as: vale, name: companhia Vale do Rio Doce), the world's largest iron ore (ore) production and suppliers, is also the American continent's largest mining company, known as the "jewel in the crown" of Brazil and the Amazon region of the engine, the private multinational corporations, global iron ore price negotiations of the chief negotiators .

Brazil's CVRD company was established on June 1, 1942, in addition to the business of iron ore, also operates manganese ore, bauxite, gold mineral products and pulp, ports, railways and the power. In May 7, 1997 the company began privatization and large-scale iron ore enterprises merger. At the beginning of 2000, Vale not only the acquisition of SOCOIMEX company, also acquired all the shares of Samiteli mining. Brazil iron ore resources is very rich, the world's total reserves of 6.5%, for the world's rich iron ore producing countries.

Now, the total output of iron ore in the Brazil River Valley is 80%. The iron ore resources are concentrated in the "iron four corners area and northern Brazil Para state, has very iron Bopeibei, pan Ni Ma iron mine, Carajas ore card, to maintain iron ore reserves of about 40 million tons, the main mineral can maintain mining nearly 400 years.

The proportion of business operations in the world's countries and regions: 29% in Europe, 27.5% in Brazil, 8.9% in Japan, 4.4% in the United States, 4.8% in other countries in Asia and 13% in the rest of the world.

The company has 5 offices in the world, and has set up offices in China in 1994, and has been engaged in business operations and mineral exploration activities in 15 countries.

Vale mining development planning is focus on the global, including: in Venezuela mining coal, bauxite, copper, iron and diamond; in aluminum and copper mining in Peru; in Chile mining aluminum and copper; Argentina producing potassium, aluminum and copper; in Gabon exploitation of manganese; in Mozambique than grams of open mining, aluminum and copper; in Angola mining diamonds, aluminum, copper, potassium and iron; in Brazil mining aluminum, copper, nickel, platinum group mineral, manganese, diamonds, kaolin and bauxite; in the Mongolian mining aluminum, copper and coal; in China mining coal, copper, aluminum and alumina.

CVRD company changed its name to "Vale""

November 29, 2007 Brazil mining giant Roger CEO Agnelli CVRD for the first time to gather in Rio De Janeiro Copacabana Fortede region around 500 company executives announced that the company was renamed Vale Companhia, the company called Valedo Rio Doce S.A. CVRD is still the same. At the same time, it is recommended to use the new name Vale, to avoid the abuse of different names such as Valedo Rio Doce Companhia, Doce Rio and CVRD. At the same time, its shareholders, 57000 employees, investors, partners, the relevant groups and more than 30 countries have been informed of the media.

In May 22, 2007, the world's iron ore giant, one of the Brazil River Valley held a temporary shareholders' meeting, through the legal name from the Vale do Rio Doce S.A. Companhia to change the resolution for the S.A. Vale.

In November 2007, the company began to use the commercial name "Vale", and adopted a new logo. The revised statutory name is another landmark event in the vale of the name and trademark of the important position of the global market.

Fresh water Valley companies LOGO

The change of name and identity reflects the development of the company in recent years. By the end of 2006, the Canadian nickel giant Anglo Chinese company (inco Ltd. being companhia Vale do Rio Doce (CVRD) hostile takeover, involving funding of $180 billion. Prior to M & A transactions, CVRD is the world's fourth largest mineral company and the largest Iron Ore Co in the world employs approximately 39000 people. English in the world have hired 12000 employees. The acquisition will undoubtedly greatly enhance CVRD in the global nickel discourse. CVRD then form a new company Inco CVRD. Until November 29, 2007, CVRD announced the name Vale, from the full name of the enterprise Vale valley that ValedoRioDoce, the abbreviation and extension.

The change of brand name is a redefinition of the enterprise value, is the product of the enterprise development and new vistas urge, brand development to a new stage of inevitable process, reveals a new began to face the new opportunity, in the future to create more prominent position.