The International Council on Mining and Metals (ICMM) is a CEO-led industry group that addresses key priorities and emerging issues within the minerals sector. The following article came from the ICMM newsletter.
Brazil-based mining giant Vale is building sustainability into its long-term success. Vale Director of International Public Affairs Renato Amorim offers a snapshot of recent developments.
Over the past few years Vale has undergone a major process of expansion and diversification to become the second largest company in the mining and metals sector. Its approach to sustainability is evolving in parallel with this expansion, guided by the company’s mission to ‘transform mineral resources into sustainable development and prosperity’.
Vale’s 2006 acquisition of Inco for US$18.9 billion represented the largest ever made by a Brazilian company. Expansion has continued apace, and the company is now responsible for almost one-fifth of Brazil’s trade balance, as well as being world number two in the mining and metals sector. Such rapid growth has brought growing awareness of social and environmental issues.
