New Vale Heartland Has Jilted Lawmakers Plotting Against CEO

  • Northern Brazil push is upsetting home-state politicians
  • Same strategy is helping Vale outperform peers in stock market

Murilo Ferreira.

Photographer: Dado Galdieri/Bloomberg

Building the world’s next major iron-ore hub has Vale SA investors applauding the prospect of higher earnings and a group of scorned politicians plotting to oust the company’s leader.

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