Vale announces the sale of its Midwestern System
-
Who we are
Go Back
Who we are
We are a global company, that practices sustainable mining in the countries where we are present. We exist to improve life and transform the future. Together.
Access the page Who we are
-
What we do
What we do
We extract ore and transport it through a a complete logistics chain, which includes railroads and ports. In our activity, we prioritize the safety of people and the environment, acting with respect, care and integrity.
Access the page What we do
Access the page Mining
Mining
Iron ore is present in the solutions that transform people's lives, contributing to the evolution of society. Today we are the largest producer of iron ore and nickel in the world, in addition to operating in other segments. Come and discover each product and its curiosities.
Access the page Mining
Access the page Where are we
Where are we
Access the page Brazil
Brazil
Click on the states below to learn more about our performance in each location.
Access the page Brazil
-
Our people
Our people
People are at the center of our decisions. We value individual talent and seek to be more diverse and inclusive, acting with respect and practicing open dialogue.
Access the page Our people
Access the page Proud to be Vale
Proud to be Vale
We are made by people and for people. With each job done, we receive a new opportunity to transform our work environment and the world we live in. Get to know our action fronts.
Access the page Proud to be Vale
Access the page Opportunities for professionals
Opportunities for professionals
Our recruitment process has been changing and is in line with the cultural transformation we are going through. Access the job vacancies portal and come be part of this history.
Access the page Opportunities for professionals
Access the page Opportunities for students
Opportunities for students
Have you ever thought about starting your professional life at a company that invests in people and in a transparent and inclusive work environment? Get to know our Internship and Professional Training Program.
Access the page Opportunities for students
-
Investors
Investors
We work with transparency for those who already invest with us or are thinking of becoming part of our investor base. Access documents, quotes, and key indicators of our business.
Access the page Investors
Access the page Information to the market
Information to the market
Follow our events calendar, access documents and the main Vale’s financial reports.
Access the page Information to the market
-
Suppliers
Suppliers
We believe that business partners are essential to live our purpose, to improve life and transform the future - together. Learn about our guidelines to be part of our supply chain.
Access the page Suppliers
Access the page I'm a Supplier (Brazil only)
I'm a Supplier (Brazil only)
We seek to work with a chain of suppliers that contribute to a more ethical and fairer society. Our relationships are based on honesty, dialogue and transparency. Learn more about our materials and services.
Access the page I'm a Supplier (Brazil only)
-
Our Future
Our Future
We want to transform the future. For this reason, we are already working with local communities and different sectors of society with the aim of leaving a positive social, economic, cultural and environmental legacy. Discover our initiatives.
Access the page Our Future
Access the page Culture
Culture
We believe that living the culture makes it possible for people to expand their knowledge and create new perspectives for the future. In this regard, for over two decades Vale has invested in and fostered the multiple Brazilian cultural manifestations.
Access the page Culture
Access the page Sustainability
Sustainability
We think, dialogue, design and build, together, a future for mining and for the planet, while taking care of the present. Learn more about our commitments to sustainability.
Access the page Sustainability
Access the page Innovation
Innovation
Innovation is one of the main pillars for achieving our purpose. We use technology to redesign our ways of working. Learn how.
Access the page Innovation
-
Reparation
Reparation
We will never forget Brumadinho. We have learned from our history and we are committed to the full reparation of the communities and people impacted by the dam collapse, in accordance with the signed legal agreement.
Access the page Reparation
Recent searches
Quick Links
•
Vale announces the sale of its Midwestern System
Vale informs that, on this date, it has signed a binding agreement for the sale, to J&F Mineração Ltda., controlled by J&F Investimentos S.A., of all the shares issued by Mineração Corumbaense Reunida S.A., Mineração Mato Grosso S.A., International Iron Company, Inc. and Transbarge Navegación Sociedad Anónima, which hold Iron Ore, Manganese Ore and Logistics assets in the Midwestern System, including the full assumption by the buyer of the take-or-pay logistics contracts, subject to the consent of the applicable counterparties. Under the terms agreed, the enterprise value of the transaction is approximately US$ 1.2 billion for a set of assets that contributed to Vale with US$ 110 million of adjusted EBITDA in 2021. At the closing of the transaction, Vale will receive approximately US$ 150 million, in addition to transferring to the buyer the obligations related to the take-or-pay logistics contracts, subject to the consent of the applicable counterparties, and other liabilities existing in the assets of the abovementioned companies.
The buyer will also assume operations with all employees of the assets. The completion of the transaction is subject to compliance with the usual precedent conditions, including the approval of the Administrative Council for Economic Defense (CADE), the National Agency for Waterway Transportation (ANTAQ), the National Defense Council (CDN) and other competent regulatory authorities.
The sale of the Midwestern System, which produced 2.7 Mt of iron ore and 0.2 Mt of manganese ore in 2021, is in line with Vale's strategy of portfolio simplification and focusing on the main businesses and growth opportunities, guided by the disciplined capital allocation.
Media Relations Office - Vale
imprensa@vale.com
Content with Press topics .
See also
Reparation
Vale
Initiatives
You are accessing the experience:
IP Address: 18.188.63.71
Iniciativas
Vale
Initiatives
You are accessing the experience:
© Vale | All rights reserved.