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Vale 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 also mines for bauxite, nickel, kaolin, and potash. Other products include steel, copper, and aluminum. It has holdings in hydroelectric power generation and in rail and shipping businesses, mainly to support its mining activities in Brazil. The company is the world's #1 iron ore miner and among the top three overall, having grown dramatically with the 2006 acquisition of what is now Vale Inco. Investment group Valepar controls a third of Vale. The Brazilian government holds limited veto power on any permanent company changes.
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| | | Contact Information | |
Address: |
Avenida Graça Aranha, 26
20030-900 Rio de Janeiro, Brazil
| | Phone: | +55-21-3814-4477 | | Fax: | +55-21-3814-4040 |
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| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2008): | 37426.00 M | | Revenue Growth (1 yr): | 16.10% | | Employees (2008): | 62,490 | | Employee Growth (1 yr): | 9.50% |
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Key People
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Chairman:
Sérgio Ricardo Silva Rosa
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President and CEO:
Roger Agnelli
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CFO:
Fábio de Oliveira Barbosa
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