:
About Vale
Vale produces the best quality iron ore in the world
Business
We provide career opportunities in a challenging, dynamic work environment. Come and be part of our history!
Careers
This is the section for those who want to invest in Vale or are already our shareholders
Investors
Press
Initiatives
Renova
Aumentar Textos
Home • Investors • Information to the market • Calendar and IR news
11/21/2018
On December 4th, Vale presented the perspectives for the next year in a meeting with investors and journalists in New York. Broadcasted live on the internet, Vale Day was opened by CEO Fabio Schvartsman. According to him, 2018 was a good year for Vale and we can expect the same for the year to come, “Flight to quality came to stay”. The company is investing US$ 2.9 bi in the next 5 years in order to reach 95% of share of premium products. He also said that Vale is committed to delivering the turnaround in base metals and to completing the nickel turnaround before electric vehicles become a reality.
Vale’s strategy for 2019 will be based on five strategic pillars:
Flight to quality is definitive, structural and global. We are increasing the share of high quality iron ore in our performance
The goal is to transform base metals into a significant cash generator
The conclusion of Moatize ramp-up is based on capacity, mine productivity and yeld
Some goals for 2030 are: recovery of 100,000 hectares of degraded land and reduction of greenhouse gas emissions by 16%
The company will allocate capital in a disciplined way. Vale has the opportunity to increase its cash generation, reaching potential U$ 24.4 bi EBITDA by 2023
Fabio Schvartsman
The executive said that Vale achieved this position not due to luck, but because Vale invested in becoming champion in quality for iron ore and pellet production. He also remembered that Vale has a much more complex operation than its competitors, a result of the large number of mines operated by the company. In this context, the Integrated Operations Center helps Vale manage everything to maintain the best product price. Sustaintability was also na importante topic of the presentation and Schvartsman enphasized that Vale is even investing in recovering areas that not belong to the company, so that it can contribute to the sustainable development of regions near Vale’s operations. At the end of the presentation, Fabio also mentioned that another goal in 2019 is to distribute more and more dividends to shareholders.
Dir. Luiz Eduardo Osorio
Dir. Peter Poppinga
Dir. Eduardo Bartolomeo
Dir. Luciano Siani Pires
Watch the replay of the webcasts and download the presentation.
Your Name
Your Email
Sent To
Message
This feature only allows the sharing, via email, with one person. Please check if the e-mail is in the format name@domain.com