Sept_2008. 2 Vale Vale is a pioneering mining company that works with passion, transforming mineral...
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Transcript of Sept_2008. 2 Vale Vale is a pioneering mining company that works with passion, transforming mineral...
Sept_2008Sept_2008
2
Vale
Vale is a pioneering mining company that works with passion, transforming mineral resources into essential components of people’s day to day lives.
Vale prides itself in being part of the lives of millions of people all over the world.
The results of our work can be seen all around us: in automobiles, mobile telephones, domestic appliances, civil construction and even as part of the components in television sets and computers.
Vale is a pioneering mining company that works with passion, transforming mineral resources into essential components of people’s day to day lives.
Vale prides itself in being part of the lives of millions of people all over the world.
The results of our work can be seen all around us: in automobiles, mobile telephones, domestic appliances, civil construction and even as part of the components in television sets and computers.
3
Non-Exhaustive
Non-Exhaustive
Vale - Operations Vale - Commercial
ValeSamarcoItabrascoKobrascoNibrascoHispanobrásTVVValesul
Urucum
AlbrásAlunorteCADAMMRNPPSAFerro Gusa Carajás
MBRFCARDM
RDMN
RDME
RD Asia Tokyo
Docenave Arg.
RD Asia Shanghai
CVRD Australia
RD India
CVRDI
Recent acquisitions accelerated Vale’s internationalization Recent acquisitions accelerated Vale’s internationalization process – a transition from an Iron Ore exporter…process – a transition from an Iron Ore exporter…
4
Non-Exhaustive
Non-Exhaustive
Vale - Operations Vale Inco – Operations Vale Inco – Commercial Exploration / ProjectVale
ValeSamarcoItabrascoKobrascoNibrascoHispanobrásTVV
Vale
AlbrásAlunorteCADAM/ PPSAMRNFerro Gusa CarajásVale
FCAVale
Vale
Vale
Vale
Vale.
Vale
Vale
Vale
Vale
Bayovar
Vale
Vale
Vale
Vale
Vale
Vale
Vale
YankuangLongyu
Belvedere
Goro
Vale
… … to a truly global diversified mining companyto a truly global diversified mining company
Coal
Vale Inco
5
Over the last years, Vale became one of the biggest Over the last years, Vale became one of the biggest companies in the world …companies in the world …
20022003
2004
2005
2006
March, 2007
February 29, 2008
Position among the 500
largest companies in the
world (by market cap)
Source: Financial Times – FT 500 & Bloomberg
500 400 300 200 100 1
24
74
117
153
275
334446
Ranking
6
102,2
144,7
295,9
BHPB
Rio Tinto
Vale
Vale is the uncontested leader of the Vale is the uncontested leader of the global iron ore market…global iron ore market…
Iron ore production – 2007
million metric tons
1 P&P reserves, 2006Source: Vale and AME Mineral Economics
Iron ore reserves¹
million metric tons
7
… … and the second largest nickel producerand the second largest nickel producer
172,8
247,9
295,2
BHPB
Vale
Norilsk
Nickel production – 2007
‘000 metric tons
Nickel reserves¹
million metric tons of contained nickel
¹ P&P reserves, 2006Source: Vale and AME Mineral Economics
8
Our identity…Our identity…
9
Our mission is to transform Our mission is to transform
mineral resources into prosperity mineral resources into prosperity
and sustainable development …and sustainable development …
…… To the company’s shareholders...To the company’s shareholders...
…… To the company’s customers...To the company’s customers...
…… To the company’s employees…To the company’s employees…
…… To the company’s suppliers…To the company’s suppliers…
…… To the communities and countries…To the communities and countries…
…… To all countries where the company To all countries where the company
operates, Vales aims to improve the operates, Vales aims to improve the
populations’ standard of living and populations’ standard of living and
boost development through the generation boost development through the generation
of employment opportunities.of employment opportunities.
Our values
Prioritizing Life and Safety: Safety is always on our mind.
Economic, Social and Environmental Responsibility.
Ethics and Transparency.
Excellence in Performance.
Entrepreneurship.
Respect for Diversity.
Proud to “Be Vale”: Our pride in our company is the result of all our values.We share and celebrate the fruits of our labour. We are proud to build something that will make a difference. This is why we are proud to be Vale.
Our vision is to be the largest mining company in the world, and to surpass the established standards of excellence in research, development, project implementation and business operations
10
People: People:
the “biggest the “biggest challenge”challenge”
People: People:
the “biggest the “biggest challenge”challenge”
11
People: the “biggest challenge”People: the “biggest challenge”
Global mining companies are facing important issues regarding people attraction
Increased people demand over the last years
Large amount of projects for the upcoming years
Lack of skilled people
Vale has presence over more than 30 countries, with a huge volume of projects at the pipeline and more than 115K employments on worldwide basis (Dec-07)
According to our HR workforce planning, Vale will generate 7,000 new job positions in 2008 and the estimated worldwide demand for next five years is about 30K employees
12
People: the “biggest challenge”People: the “biggest challenge”
In this context, there are some key challenges regarding people
Attract and retain talented people in this very demanding and competitive market
Develop people, through transformational leadership and technical qualification, in order to address future business needs
Create global career opportunities for talented people
Guarantee competitiveness in terms of total compensation package
Motivate and engage employees to accomplish strategic objectives
MissionMissionMissionMission““Attract, develop and retain Attract, develop and retain
the best talented and the best talented and competent professionals to competent professionals to
construct ‘Vale of the future’”construct ‘Vale of the future’”
VisionVisionVisionVision““A company that develops A company that develops great people; great people; People that build a great People that build a great
company”company”
13
People: the “biggest challenge”People: the “biggest challenge”
MissionMissionMissionMission““Attract, develop and retain Attract, develop and retain
the best talented and the best talented and competent professionals to competent professionals to
construct ‘Vale of the future’”construct ‘Vale of the future’”
VisionVisionVisionVision““A company that develops A company that develops great people; great people; People that build a great People that build a great
company”company”
SKILLED PEOPLESKILLED PEOPLE
On time On time
In different and remote areasIn different and remote areas
Engaged and productiveEngaged and productive
OBRIGADO!OBRIGADO!