Vale was founded as Companhia Vale do Rio Doce (CVRD) in 1942. Since the 1950s, the company expanded into the global market of iron ore, with its first sales taking place within the United States, while exports to Europe increased throughout that decade. In time, Vale diversified their mining portfolio and went through a series of mergers and acquisitions. In 2007, the company rebranded and simplified their previously used longer name of CVRD, to Vale.
Today, the company is one of the most valuable brands in the mining industry, with a brand value of nearly 2.1 billion U.S. dollars. It has operations spread across five continents, with administrative offices and operational units connected by advanced transportation and logistics systems. In 2017, Vale’s total workforce amounted to approximately 73.6 thousand employees. In the same year, the company generated a revenue of roughly 34 billion U.S. dollars. The largest share of Vale’s segmental revenue came from its ferrous minerals segment , whereas China was the region with the highest profit.
Focused on the extraction of minerals, Vale is the world’s largest producer of iron ore and pellets, as well as nickel, producing 366.5 million metric tons and 288.2 million metric tons, respectively.