Talk:Vale S.A./Archives/2015

Latest comment: 8 years ago by 220.245.40.163 in topic Missing parts: corporate evil?


Content

It states the company is 'Private' but then goes on to provide its NYSE ticket symbol. This company is publicly tradable.


The article looks like a corporate press release; most importantly, it glosses over numerous conflicts CVRD has had in the past with local populations, including indigenous communities. The company is also no less responsible for ecological damage than other large mining concerns. Since a shady privatization proccess (when the company was sold for less than its annual profits), CVRD has used its weight and command of the entire iron-ore transport chain to bully and purchase smaller iron miners in Brazil, using its newfound near-monopoly to impose on iron buyers unfair prices, a situation which led to the demise of many foundries. —The preceding unsigned comment was added by Thuin (talkcontribs) .

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In Christmas Time, Let’s Share The Daily Prayer Of Vale Do Rio Doce

Contributed by Nelson Tembra Belem/Para/Amazonia/Brazil Thursday, 21 December 2006

I come to bring my analysis for Roger Agnelli's declarations during annual balance of the Company Vale do Rio Doce, accomplished in December 13, 2006, in the headquarters of the Federation of the Industries of Rio de Janeiro (Firjan). Such declarations underestimate everybody’s intelligence.

Agnelli discovered the gunpowder: "with the investments of R$ 15 billion of the Company Vale do Rio Doce (CVRD) in Pará up to 2015, it is possible that 1 million people from other States are attracted for lands of the State of Pará. The migrants' crowd will create new infrastructure demands and services to the citizen that they have not been supplied by the Public Power. That can make unfeasible great projects and, in consequence, to lock the economical growth of the Country". There are "great projects that are not viable, because the expenses with what are not made by the Public Power are immense". The social expenses, according to Agnelli, they "tend to be incorporate by the great companies and they endear the projects. The result is the financial return on this side of the expected due to the not execution of obligations on the part of the city halls, state and federal governments”. Poor Vale is having many damages in Pará!

And what saying on the royalties that generate job but they don't guarantee the development? To exemplify, under the title "The economical profile of the municipal district of Parauapebas (Pará) and the social reflexes resultant of the Financial Compensation For The Exploration Of Mineral Resources (FCEMR)", the study brings two important revelations. The first, relative to the estrangement between collection and counting, concluding the research with base in the analysis of the legislation and in official data of National Department of Mineral Production (DNPM), that expressive values stopped being indeed collected by the Company Vale do Rio Doce. Second, regarding the structure of expenses of the municipal district of Parauapebas, it reveals that the destination given to the resources originating from of FCEMR are far away from creating the basic conditions for the social and economical development that inspired its creation. FCEMR, observes the research, it can serve as economical instrument for a politics capable to channel part of the wealth generated by the mining, that is not permanent, for other maintainable forms of wealth, what would lead the area of that continuity to development after the end of the mineral activity. The profile of expenses, however, it is not a little exciting as for the possibility of that to be reached at aim in Parauapebas. On the contrary. The numbers show that, when exhaust the mineral reservations that today are in exploration, the municipal district will be without perspectives of economical growth and probably facing very serious social problems.

In 2010, Pará, that is the seventh largest exporter of Brazil and the fifth in balance of exchange value, it will be able to be generating more than net US$ 8 billion for the national external bills, a contribution that only two or three other units of the federation will also be able to give. But while it almost represents 80% of the value of the paraense international trade, the mineral production has little expressive paper in the formation of the wealth interns. The mining enters now with about 4% of the state income of taxes, thanks to the exemptions and advantages granted by the Union to the exporters of semi-elaborated. Even with five times the value of the production in the decade, the weight of the mining will be of 18% of the tax income in 2010, according to the own government's of the State estimate.

Pará is one of the last ones in Index of Human Development (IHD), even having the second largest territory and the 9th Brazilian population, and it won't advance a lot in that item if it depends on the mineral boom, that it provokes growth but no development. Like this, Pará is predestined to occupy its mineral place subject to the same circumstance of the countries that preceded it in the podium: to be big, without being rich. Another aspect that happens to interrogate: who buys the subsidized electric power for Vale do Rio Doce? I answer: the poor residential consuming. Brazil, particularly Pará, they are among the largest subsidized electric power exporters in the form of ores to the industrialized countries. That’s amazing!

Another punctual critic of Roger Agnelli concerns the bureaucracy around the environmental legislation of the Country. He considers that there is speakers' excess, what hinders the decisions on decisive subjects for economy and the Brazilian development. "To give beginning to a great project it is necessary to explain the same argument more than 60 times. The discussion goes by the city halls, by the environment general offices, by the legislative assemblies, Public prosecution service, by the federal government, social movements and National foundation of the Indian (Funai). He defended although the environmental rules should be applied, but it demands clarity in the procedures and in the discussion with qualified agents that can debate the projects with technical knowledge. We "want to discuss, yes, but with qualified representatives". in other words, for Agnelli the mayors, the aldermen, the environment secretaries, the state deputies, the district attorneys and the federal government's members are all incompetent ones.

Classified as "a year of records", the Company Vale do Rio Doce commemorates the highest value of market of the history, nothing less of the US$ 68,9 billion, registered in the last December 5. In 2006, the gross revenue arrived to US$ 30,054 billion, with a net profit of US$ 10,063 billion and generation of cash of US$ 14,801 billion. Another sum had as positive is the production in Carajás that crossed the 7,8 million tons. In the mat of the optimism, the mining company foresees growth of 14,6% a year in the iron ore production. The estimate is based on the observation starting from 2001, when the Company produced about 133,80 million tons of the input. In 2006, the estimate overcomes the 264 million tons, amount that it can reach the house of the 300 million in 2007.

Another prominence done by Roger Agnelli are the investments in projects of partner-environmental responsibility, according to him a "priority of the company". The numbers of the Vale indicate that in 2006 were invested more of R$ 300 million (won't they fail?). The executive emphasizes that the actions of the Company in the area benefit about 3 million people in 500 municipal districts in Pará, Maranhão, Espírito Santo and Rio de Janeiro, States in which Vale is installed. Truly, such investments correspond the tiny ones 0,2% of the market value (of US$ 68,9 bi); 0,5% of the gross revenue (of US$ 30,054 bi); 1,4% of the net income (of US$ 10,063 bi), 0,6% of the accumulated investments (of US$ 23,6 bi) and 0,7% of the new acquisitions of companies (of US$ 20,3 bi).

Front to so many "truths" (True Lies), lamentably, it remains us paraenses, from Maranhão, capixabas and cariocas, in Christmas time, to share the daily prayer of Vale do Rio Doce.

Read more: http://www.zabalaza.net/phorum/read.php?f=2&i=2411&t=2411 http://www.zabalaza.net/phorum/read.php?f=2&i=2415&t=2415#reply_2415 http://www.zabalaza.net/phorum/read.php?f=2&i=2417&t=2417#reply_2417 http://www.zabalaza.net/phorum/read.php?f=2&i=2419&t=2419#reply_2419 http://www.zabalaza.net/phorum/read.php?f=2&i=2420&t=2420#reply_2420 http://www.zabalaza.net/phorum/read.php?f=2&i=2339&t=2339#reply_2339 http://www.zabalaza.net/phorum/read.php?f=2&i=1550&t=1550#reply_1550 http://www.zabalaza.net/phorum/read.php?f=2&i=2426&t=2426#reply_2426 http://www.zabalaza.net/phorum/read.php?f=2&i=2427&t=2427 http://www.zabalaza.net/phorum/read.php?f=2&i=2428&t=2428 http://www.zabalaza.net/phorum/read.php?f=2&i=2429&t=2429

Fair use rationale for Image:Vdrdoce.gif

 

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BetacommandBot 04:50, 20 July 2007 (UTC)

CVRD move page to "Vale (mining company)"

As you all are probably aware, on November 2007 Vale rebranded itself. Ths mining company until that date used to be called "Companhia Vlae do Rio Doce" (CVRD), but from that date onwards it will be known simply as "Vale".

It's my understanding that this rebranding means that this article's name is now outdated and a move would be appropriate.

EconomistBR (talk) 16:23, 10 January 2008 (UTC)

How do you pronounce Vale?

Is it pronounced 'veil' or 'val-eh'? —Preceding unsigned comment added by Kalopsia (talkcontribs) 20:30, 18 January 2008 (UTC)

It's "val-eh". EconomistBR (talk) 02:52, 19 January 2008 (UTC)

None of the above. In good Brazilian Portuguese it's pronounced "vahl-ee" (with a long 'e'). —Preceding unsigned comment added by Tiago Ivan (talkcontribs) 12:12, 26 January 2008 (UTC)

WP:PEACOCK

The intro is rife with misleading peacock claims. Vale is *not* the world's largest nickel producer. Please take a look at today's Financial Times. Some recent quotes from the Forbes and the IHT, which I added several days ago, were removed as per WP:IDONTLIKEIT. This does not look good, considering that it is the Norilsk Nickel that accounts for 40% of the world's nickel production. --Ghirla-трёп- 20:47, 5 February 2008 (UTC)

I UNDID your edit because you didn't assume GOOD FAITH, I wasn't being dishonest and the sources "didn't beg to differ", my sources are simply outdated. I have two sources stating that VALE as number one Nickel producer.

BBChttp://news.bbc.co.uk/2/hi/business/6081390.stm The Brazilian firm, already the world's largest iron ore miner, will now be the largest nickel producer as well.

CBAhttp://www.cbc.ca/money/story/2006/08/11/inco-cvrd.html CVRD's all cash-deal would create one of the largest mining companies in the world and the largest nickel producer

You didn't even bother to read the whole article and started to attack me, you didn't have to insinuate that I stated something contrary to the source

Also the intro is not rife with misleading peakock claims, those claims are ALL sourced and they summarize the company to the reader. There is nothing misleading about the INTRO. You sure like to attack people don't you? Check the sources before you do it and assume GOOD FAITH. ⇨ EconomistBR ⇦ Talk 05:31, 6 February 2008 (UTC)

The company decided to call itself Vale

The company rebranded itself as "Vale", used to be CVRD until 2007. The company's website makes no references to CVRD only to Vale. I believe that the company has the right to choose which name it wants to be called.

What's "legal name"? And why is it so relevant to the point of suppressing the chosen name?

My reluctance towards using CVRD derives from the fact that since that name is obsolete it can only confuse the reader since there are no more references to it. I am not a laywer but I am sure it is expensive and time consuming changing companies' names especially at the legal level reason which the SEC still refers to CVRD. EconomistBR 04:53, 1 February 2009 (UTC)

MBR's acquisition

This section contains the sentence: "Vale now owns 100% of MBR for the next 30 years (period of the Lease Agreement)." The period for which Vale owns 100% of MBR will diminish annually. To avoid unnecessary editing, would it not be simpler to state when the Lease Agreement expires? I would do that, but I'm not sure exactly when it does expire. Like all leases, the value depends critically on the time remaining, changing rapidly towards the expiry date. Dawright12 (talk) 15:53, 2 April 2013 (UTC)

Nickel

"Inco is acquired for $18.9 billion it turned Vale into ... the world's second largest nickel producer ... "

"Mining business:

Nickel: Vale has become the world’s largest producer of nickel, ..."

One or the other. Perhaps a date when it became either the largest or the second largest would help, as the position may change in the future. I'm sorry if this seems pedantic, I have a thing about dates!Dawright12 (talk) 16:09, 2 April 2013 (UTC)

There is also a conflict with the Wikipedia entry for Norilsk Nickel, which states under the heading History: "The key deal was completed on June 28, 2007, when Norilsk Nickel acquired about 90 per cent of Canada's LionOre Mining International Ltd, the world's 10th-largest nickel producer at the time. This takeover, valued at US$6.4 billion, is the biggest acquisition abroad by a Russian company, making Norilsk Nickel the world's largest nickel producer.[3][4]" I do not know which one is the larger one, but the Vale entry mentions "with a production of 250,600 tons", so if a comparable figure could be found for Norilsk Nickel... Destroyer71 (talk) 10:03, 11 July 2013 (UTC)

Missing parts: corporate evil?

Where are the nasty tidbits on HR abuses or whatever other manifestations of evil in the company? It ain't sufficient to read the links provided. Evil is as evil does... 79.139.207.81 (talk) 22:16, 29 February 2012 (UTC)

The evil tid bits are always added by eco nuts who live to lie. Follow up their refs. They are either irrelevant, of are self-referential.220.245.40.163 (talk) 22:51, 15 November 2015 (UTC)