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Vale breaks ground at Konkola North copper mine 2010.10.16

Rio de Janeiro, Brazil - October 14, 2010 - Vale, through its joint-venture with African Rainbow Minerals (ARM), officially launched the US$ 400 million Konkola North Copper Project, located in the Chililabombwe district, Copperbelt province. The estimated nominal capacity of the project, which is expected to reach full potential in 2015, is 45,000 metric tons per year of copper in concentrates.

Used for a long time as the main fuel for steam trains and ships, coal is still employed as an energy source for thermal power plants.
Photo:Vale
 

Rio de Janeiro, Brazil - October 14, 2010

Vale, through its joint-venture with African Rainbow Minerals (ARM), officially launched the US$ 400 million Konkola North Copper Project, located in the Chililabombwe district, Copperbelt province.

Iron is processed to make steel, which is fundamental for all of us. Iron is present in power transmission lines, water pipes and telephone networks. Crucial for our health, iron is a component of medicine for anemia.
Photo:Vale
 
The estimated nominal capacity of the project, which is expected to reach full potential in 2015, is 45,000 metric tons per year of copper in concentrates.

Resistant to oxidation and corrosion, nickel is used in your computer chair and garden furniture, helping to prevent rusting.
Photo:Vale
 
Construction work started in August 2010 and the first copper ore extraction is scheduled for 2013.

That wonderful stainless steel pan that never tarnishes?
Nickel is used in the production of 63% of stainless steel, which is contained in many kitchen utensils and decorative objects.
Photo:Vale
 
The groundbreaking ceremony marks a key milestone in the development of the mine.

Current activities include the mobilization of heavy mobile equipment for the clearing and construction of the main plant site area.

We are even present when you drink a can of beer or soft drink at the weekend.
Due to its lightness, resistance to corrosion, high thermal conductivity and infinite recycling potential, aluminum is the material chosen for flexible packaging, beverage cans and domestic utensils.
Photo:Vale
 
The proposed capital expenditure in the Konkola North Project as well as the expected job creation is illustrative of Vale's confidence in the Zambian economy and its commitment to the local community.

The third most used metal in the world, after iron and aluminum, copper is used to mint coins.
Photo:Vale
 
On completion, the mine is expected to provide ongoing employment to approximately 1,500 people.

Copper is also used to make power wires and cables.
Photo:Vale
 
The expected mine life is 28 years, including a three-year exploration program to evaluate area A, which has the potential to increase output to 100,000 metric tons per year of copper in concentrate from 2020 onwards.

In agriculture, copper sulfate is used as a fungicide, insecticide and to enrich the soil, to prevent copper deficiencies harming plant growth.
Photo:Vale
 
Initially, the South and East Limb mines will be developed, after which the deeper, higher grade and wider reef areas will be mined.

Mirrors, glass and bathroom fixtures such as toilets contain manganese.
Photo:Vale
 
On a regional note, Vale's recent purchase of a 51% stake in Sociedade de Desenvolvimento do Corredor do Norte SA (SDCN) places it as the leading partner in the development of the Nacala Corridor - a vital transport link between the region's interior and the port of Nacala, Mozambique.

The potassium we produce is used to make cleaning products, such as soap powder and liquid detergent.
Photo:Vale
 
This integrated logistics network will provide an alternative transport route for production from the Copperbelt (Zambia and DRC) to the seaborne market, as well as for other cargo from Zambia-Malawi-Mozambique.

The investment in SDCN is an integrated part of Vale's strategy to build efficient, world-class logistics networks to augment its operations in central and southern Africa which, beyond guaranteeing project sustainability, will facilitate economic growth and diversification in the region as a whole.

Fundamental for our health, potassium is also a component of fertilizers uses in gardens, vegetable patches and farms.
Photo:Vale
 
Vale
expects the development of Konkola North to add significant value to its shareholders and to benefit people of Zambia over the medium to long term.

The project will enhance Vale's global copper growth platform, provide geographic diversification into a region with the highest potential for mineral exploration in the world, the Copperbelt, and reinforce South-South cooperation as a cornerstone for the future, in line with our goal to become one of the largest copper producers in the world.


About Vale


Vale is the world's second largest diversified mining company.

 
 
Present in more than 30 countries, Vale is the world's largest producer of iron ore and pellets, key raw materials for the steel industry, and the second largest producer of nickel.

The company also produces copper, potash, phosphates, coal, manganese, ferroalloys, bauxite, alumina, and aluminum, among other raw materials important to the global industrial sector and present in people's daily lives.


http://saladeimprensa.vale.com/en/release/interna.asp?id=20194  


Our beliefs


Our mission

To transform mineral resources into prosperity and sustainable development.

Our vision

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.


Our values

Ethics and Transparency

Our behavior as an organization, by acting with integrity, abiding by the law, moral principles and behavioral covenants established and accepted by society, and by clearly communicating our policies and results.

Excellence in Performance

The quest for continuous improvement and process control, using performance indicators acknowledged as best practice, promoting a high-performance culture and ensuring that long-lasting competitive advantages are obtained and sustained.

Entrepreneurship

Our determined mindset as an organization that rapidly and unrelentingly seeks new opportunities and innovative solutions in the face of shifting challenges and needs, ensuring the execution of strategies that contribute to Vale’s growth.

Economic, Social and Environmental Responsibility

We acknowledge the need for these dimensions to be constantly in balance, promoting development and ensuring sustainability.

Prioritizing Life and Safety

We will never forgo safety. People are more important than results and material goods. There is never a choice to be made regarding someone’s life - our only choice is the life, health, and safety of our customers, employees, and communities.

Respect for Diversity

Acknowledging one another as equals, respecting differences and promoting competitive inclusion - and recognizing differences as opportunities for integration and growth.

Proud to “Be Vale”

The result of all these values.
We behave as owners of the business, in the relentless quest to achieve our defined goals, sharing and celebrating results and strengthening relationships. We are proud to build something that will make a difference.
This is why we are proud to be Vale - all of us, management and other employees of the Company.

http://www.vale.com/en-us/conheca-a-vale/nossas-crencas/pages/default.aspx  


Throughout the world


Vale is the world leader in iron ore and pellet production and the second biggest nickel producer.

Vale Headquarter in Rio de Janeiro, Brazil
Photo:Vale
 
Operating through offices, operations, exploration projects and joint ventures, we are the second largest diversified mining company in the world and the biggest in the Americas by market capitalization.

Headquartered in Brazil, we operate in 35 countries on five continents and employ over 60,000 people across the world.

Photo:Vale
 
We are present in Colombia, Chile, Argentina, Peru, Paraguay, Canada, the United States, Barbados, France, Norway, Switzerland, the United Kingdom, Angola, Zambia, Mozambique, Guinea, South Africa, the Democratic Republic of the Congo, Gabon, India, China, Mongolia, Oman, Kazakhstan, Japan, South Korea, Taiwan, the Philippines, Thailand, Singapore, Indonesia, Malaysia, Australia and New Caledonia, in addition to Brazil.


http://www.vale.com/en-us/conheca-a-vale/mundo-afora/pages/default.aspx  



Global opportunities for young people



Vale has received the “Partner of the Year” award from AIESEC, the biggest student organization in the world.
Present in more than 100 countries, the institution is recognized as an international platform providing opportunities for young people.

Photo:AIESEC
 
AIESEC
is now our company’s largest sources of talent for international trainee programs. During the partnership’s nine-month existence, 34 trainees from the institution have joined Vale.

The award was presented in September at the AIESEC’s International Congress in Hyderabad, India.
The event was attended by over 600 students from across the world, as well as representatives of various major companies.


About AIESEC



Present at 1,700 universities in 107 countries and territories, AIESEC is a global network made up of young university students and recent graduates.

 
 
Through work within the organization and professional exchange programs, AIESEC stimulates the discovery and development of its members’ leadership potential in order to benefit society.

AIESEC provides young people with integrated experiences that develop personal and professional skills through international trips, exchange of knowledge, promotion of diversity and team management.

http://www.aiesec.org/  

http://www.vale.com/en-us/conheca-a-vale/destaques/Pages/oportunidades-globais-para-jovens.aspx  


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