Vale S.A.
Multinational diversified metals and mining corporation
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| July 2023 | Vale completed spinning out its metals business as a separate entity headquartered in Toronto, with an independent board chaired by Mark Cutifani. |
| May 2023 | Eduardo Bartolomeo announced Mark Cutifani would be appointed Chair of the new Vale Base Metals (VBM) subsidiary, with potential interest from GM, Mitsui, and the Saudi Public Investment Fund. |
| March 2023 | Vale reached a $55 million settlement with the U.S. Securities and Exchange Commission for making false certifications related to the 2019 dam disaster. |
| May 2022 | Vale signed a long-term nickel supply deal with Tesla, agreeing to provide low-carbon Class 1 nickel for electric vehicle batteries, signaling the company's strategic move to increase exposure to the electric vehicle industry. |
| September 28 2021 | Thirty-nine miners were trapped underground for 24 hours at the Totten Mine in Ontario, Canada after the entrance shaft became obstructed, creating a significant mining safety incident for Vale S.A. |
| February 2021 | An agreement was signed requiring Vale to pay over $7 billion in compensation to the families of the dam disaster victims. |
| 2020 | Prosecutors discovered that Vale had falsified safety reports for at least ten of its dams and charged sixteen officials, including the CEO, with manslaughter. |
| December 31 2020 | Vale reported total CO2e emissions of 10,250 kilotonnes, representing a significant 15.3% year-on-year reduction in carbon emissions, continuing a decline trend that began in late 2018. |
| February 5 2019 | State court of Minas Gerais ordered Vale to halt use of eight tailings dams, including the Laranjeiras dam at Brucutu, following safety concerns. |
| January 25 2019 | Brumadinho dam disaster occurred at the Feijão mine, resulting in a significant environmental and human tragedy. |
| June 2018 | Samarco, Vale, and BHP signed an agreement to drop a US$7 billion lawsuit and allow two years to address a larger US$55 billion suit seeking social, environmental, and economic compensation for the dam collapse. |
| 2015 | Vale sold a 25% interest in gold from its Salobo mine to Silver Wheaton for US$900 million and entered a letter of intent to sell bauxite assets to Norsk Hydro. |
| November 26 2015 | Vale announced plans to reduce capital expenditure budget from US$8 billion in 2015 to US$6.2 billion in 2016, with further reductions to US$4–5 billion by 2018. |
| November 5 2015 | The Mariana dam disaster occurred when a tailings dam collapsed at the Samarco mining site co-owned by Vale and BHP, resulting in 19 deaths and massive environmental contamination of the Doce River. The incident caused water emergencies in downstream cities and led to suspension of mine activities. |
| 2014 | Vale sold its interest in Fosbrasil S.A. to Israel Chemicals Ltd for $52 million. |
| 2014 | Vale reported that iron ore sales (fines and pellets) represented 65% of total company revenues, selling 256 million metric tonnes of iron ore fines and 44 million metric tonnes of iron ore pellets. |
| July 2012 | Vale sold its ferro-manganese plants in Europe to Glencore for $160 million. |
| January 2012 | Vale received the 'Public Eye Award' as the corporation with the most 'contempt for the environment and human rights', receiving 25,000 votes, with the Belo Monte Dam cited as a key reason for the criticism. |
| 2011 | Vale sold its aluminum business to Norsk Hydro in a US$5.27 billion transaction, transferring significant bauxite and alumina assets. |
| June 2011 | Two workers, Jason Chenier and Jordan Fram, were killed at the 3,000 foot level of the Frood Mine near Sudbury, Ontario. |
| 2010 | Vale launched a public offer to acquire fertilizer and copper producer Paranapanema and acquired a controlling interest in Fosfertil. |
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