Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Vale Looking to Mine Asian Markets Besides China, Globo Says

Vale SA, the world’s largest iron-ore producer, must not limit itself to the Chinese market since other Asian markets are demonstrating important growth, President Murilo Ferreira told newspaper O Globo.

Taiwan, Indonesia and Vietnam are among the countries Vale will focus on, Ferreira said, according to an interview published today in the Rio de Janeiro-based newspaper.

The company will direct its investment to a smaller number of projects that require large amounts of capital, Ferreira said, according to Globo. Its iron-ore and steel project in Guinea will be delayed because of legislative uncertainties in that country, he said.

The devaluation of Brazil’s currency in the quarter ended in June will affect Vale’s debt and profit levels because its debt and revenue are in dollars, Ferreira said, according to Globo.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.