- This is the Global Site
- Contact Us
- Whistleblower Channel
- Vale's other sites
[print-me target="body"/]
Menu
Menu
Originally established in Saudi Arabia as partnership company, between Rasi Investment Group (RIG), Naif AlRajhi Investment (NRI), and Tamasuk for Investment.
Our operations abroad cover approximately 3 countries that share our mission to transform natural resources into prosperity and sustainable development.
Select the business segment to learn
about our products and operations.
Companhia Vale do Rio Doce (CVRD) was incorporated on June 1, 1942 pursuant to Decree-Law 4,352 signed by President Getúlio Vargas, for a 50-year term.
At the time, the country was under pressure to enter World War II. Established through the incorporation of two existing companies – Companhia Brasileira de Mineração e Siderurgia S. A., and Itabira de Mineração, CVRD would be able to boost supply of iron ore to the American war industry in the fight against the Nazis.
Although it was officially created in 1942, CVRD started in 1908, when two English engineers consulted Companhia Estrada de Ferro Vitória a Minas (CEFVM) to check the possibility of transporting ore from Itabira deposits via the railroad. After obtaining a favorable opinion, they set to organize the Brazilian Hematite Syndicate. In 1911, Itabira Iron Ore Company was incorporated to replace Brazilian Hematite, as the first company authorized to operate in the region.
In 1939, the owner of Itabira Iron Ore Percival Farquhar created Companhia Brasileira de Mineração e Siderurgia with six other Brazilian entrepreneurs. To tackle the need for a distribution channel, the company obtained permission to incorporate the Vitória-Minas railroad. In 1941, a group of entrepreneurs and partners of Percival Farquhar created Companhia Itabira de Mineração to exploit the mines owned by Itabira Iron Ore – together with Companhia Brasileira de Mineração e Siderurgia, this company was chosen by Getúlio Vargas to create the Companhia Vale do Rio Doce.
New Mountain is committed to becoming one of the safest and most reliable mining companies in the world, always acting with due regard to its basic principle – life matters most.
To achieve this, it is also committed to becoming a sustainable operator, a driver of local
development and global sustainability.
We believe in a more sustainable world and we strive to respect and care for our
planet.
New Mountain cares about promoting greater transparency of its Environment, Social and Governance (ESG) initiatives.
New Mountain is a global mining company, transforming natural resources into prosperity and sustainable development. Headquartered in Saudi Arabia and present in about 3 countries
