Mining Company Vale Becomes The Most Valuable Company In Latin America, Surpassing Oil Company Petrobras And Ambev

Written by Flavia Marinho

Published on 30/04/2021 at 10:42

Updated on 30/04/2021 at 10:55

Funcionário Vale Fonte: Reprodução – Vale

Seja o primeiro a reagir!

Vale Mining Exceeds US$ 100 Billion in Market Value Leaving Brazilian Giants Petrobras and Ambev Behind

Vale, one of the largest global producers of iron ore, surpasses the Brazilian oil company Petrobras and Ambev – the world’s largest beverage manufacturer, exceeding the mark of US$ 100 billion in market value, solidifying its position as the most valuable company in Latin America.

Also Read

According to a survey conducted by the consulting firm Economática, Vale Mining closed the trading session valued at US$ 103.8 billion last Tuesday, the 27th, being more than US$ 20 billion ahead of the Argentine e-commerce giant Mercado Livre, the second place.

According to Economática, since surpassing the Argentine company, the Brazilian miner has not stopped gaining positions in relation to its competitors in Latin America, which are Mercado Livre, valued at US$ 80 billion, and in third place, the American retailer Wal-Mart, valued at US$ 56 billion.

ARTICLE CONTINUES BELOW

Brazil Leads with Five Companies in the Ranking of Latin America

Completing the national participation in this ranking are Petrobras (US$ 56.9 billion), Itaú Unibanco (US$ 45.9 billion), Ambev (US$ 44.2 billion), and Bradesco (US$ 39.1 billion), all traditional market companies.

Weg Industry appears in 13th place, with US$ 28.7 billion, and the retailer Magazine Luiza in 15th place, with US$ 25.7 billion, representing emerging companies that have seen significant appreciation on the stock market in recent years.

After Brazil, Mexico is the second country with the most companies on the list of the most valuable in Latin America (with 2 companies), followed by Argentina and Bermuda, each with 1.

Vale Mining Tries to Recover Its Image

The company’s recovery came after a setback suffered two years ago, with the Brumadinho tragedy in Minas Gerais, which caused enormous environmental impacts and resulted in 270 deaths, most of whom were company workers.

The company reached billion-dollar agreements due to the incident and also faced a crisis of image and safety related to its dams.

Last year, however, driven by the rise in iron ore prices and better sales volumes, the company managed to reverse a loss of US$ 1.683 billion in 2019, delivering a net profit of US$ 4.881 billion. It was a year in which the company, in the words of its president Eduardo Bartolomeo, became a more reliable operator and proved to be better prepared to face 2021.

This year, already with the agreement from Brumadinho closed, the company has been able to increase its earnings. The settlement agreement, of R$ 37.68 billion, was well above the initial proposal made by the miner, which was R$ 29 billion, and closer to the R$ 40 billion demanded by the State and authorities such as the Public Ministry and the Attorney General’s Office.

The term did not remove any responsibility from the company. Furthermore, the document imposed new obligations and served as an acknowledgment of the miner’s responsibility for the incident. Individual actions for compensation and criminal cases are still underway, but the financial market sees the issue as resolved.

Job Openings at Vale

Take advantage of the moment of Vale Mining and send your resume directly on the company’s website. There are job openings, opportunities for recent graduates, apprentices, internships for various positions and Brazilian states.

Vale Reports Net Income of US$ 5.546 Billion in the First Quarter of 2021

On this past Monday, the company reported that it recorded a net income of US$ 5.546 billion in the first quarter of 2021, a high of 2,220% compared to the gain of US$ 239 million obtained in the same period last year.

The result also grew significantly compared to the previous quarter, when the company recorded earnings of US$ 739 million. The results came in line with the already high expectations of market analysts.

As one of the largest global producers of iron ore, the company had an adjusted EBITDA of US$ 8.35 billion between January and March, compared to US$ 2.882 billion a year earlier.

Ranking of Multinational Companies with the Highest Market Value in Latin America

Vale (Brazil) – US$ 103.8 billion
Mercado Livre (Argentina) – US$ 80 billion
Wal-Mart Mexico (Mexico) – US$ 56.9 billion
Petrobras (Brazil) – US$ 54.9 billion
America Movil (Mexico) – US$ 48.6 billion
Itaú Unibanco (Brazil) – US$ 46 billion
Ambev (Brazil) – US$ 44.2 billion
Grupo México (Mexico) – US$ 39.2 billion
Bradesco (Brazil) – US$ 39.1 billion
Marvell Technology (Bermuda) – US$ 31 billion

Mining Company Vale Becomes The Most Valuable Company In Latin America, Surpassing Oil Company Petrobras And Ambev

Vale Mining Exceeds US$ 100 Billion in Market Value Leaving Brazilian Giants Petrobras and Ambev Behind

Also Read

Brazil Leads with Five Companies in the Ranking of Latin America

Vale Mining Tries to Recover Its Image

Job Openings at Vale

Vale Reports Net Income of US$ 5.546 Billion in the First Quarter of 2021

Ranking of Multinational Companies with the Highest Market Value in Latin America

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

The backhoe digs a large pool at 6 meters and opens a giant water fountain: sand rises from the bottom, drains with pipes and gravel hold, and the flow reaches 110 thousand liters per hour, nonstop.

Oil drives Brazil’s GDP and repositions the country among the largest economies in the world.

Science discovers that the air is not empty as it seems, but rather a gigantic natural archive that stores DNA of animals, plants, and humans without anyone noticing.

Ocean warming spikes in 2026 even without El Niño, approaches the record of 2024, and raises global alarm with the Arctic at its lowest ice level and an energy imbalance of the Earth at its highest in 65 years.

The seven-blade propeller could equip the M700 FURY aircraft, making it quieter and more efficient, after certification from EASA.

Mining Company Vale Becomes The Most Valuable Company In Latin America, Surpassing Oil Company Petrobras And Ambev

Vale Mining Exceeds US$ 100 Billion in Market Value Leaving Brazilian Giants Petrobras and Ambev Behind

Also Read

Brazil Leads with Five Companies in the Ranking of Latin America

Vale Mining Tries to Recover Its Image

Job Openings at Vale

Vale Reports Net Income of US$ 5.546 Billion in the First Quarter of 2021

Ranking of Multinational Companies with the Highest Market Value in Latin America

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

The Blood Falls of Antarctica hide a living ecosystem trapped under the ice for over 2 million years, where microbes survive without light, without oxygen, and without ever having seen the Sun.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

The CEO of Honor in Spain says that smartphones will change with AI, foldables, and even robot phones; the component crisis is making cheap models more expensive in 2026 and shifting the focus to premium.

China suspends meat imports from a slaughterhouse in Várzea Grande, and the market tries to panic: an analyst says that the ban is common, may affect only one batch, and does not lower cattle prices.

With 93 companies selling armored vehicles, aircraft, and monitoring systems to 148 countries, Brazil’s defense industry is doubling exports and is on track to break all records in 2026.

Whoever earns R$ 7,000 in Brazil did not receive an exemption from income tax in 2026 and has become the preferred target of the financial system, living in the most dangerous trap of the middle class.

After the U.S. oil blockade, Cuba faces an unprecedented collapse and puts its $827 million cigar industry at risk with blackouts, mass exodus, and production at the lowest level in history.

Rocket Lab signs $190 million contract to provide hypersonic suborbital launches for U.S. defense testing.

The backhoe digs a large pool at 6 meters and opens a giant water fountain: sand rises from the bottom, drains with pipes and gravel hold, and the flow reaches 110 thousand liters per hour, nonstop.

Oil drives Brazil’s GDP and repositions the country among the largest economies in the world.

Science discovers that the air is not empty as it seems, but rather a gigantic natural archive that stores DNA of animals, plants, and humans without anyone noticing.

Ocean warming spikes in 2026 even without El Niño, approaches the record of 2024, and raises global alarm with the Arctic at its lowest ice level and an energy imbalance of the Earth at its highest in 65 years.

The seven-blade propeller could equip the M700 FURY aircraft, making it quieter and more efficient, after certification from EASA.