Brazil Daily

Vale’s last step to becoming a true corporation

Today we cover major changes within mining giant Vale. How criminals are trying to influence the November 15 election. And the new trends of the coronavirus in Brazil.

Big changes ahead for Vale

Brazilian giant mining company Vale is set to make its biggest corporate change since privatization in 1997. On November 9, a 2017 agreement between its main shareholders will expire, and Vale is set to become a company without a controlling group.

  • Vale is currently under the de facto control of a handful of major investors, who combine to own a one-third stake in the company. The deal...
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