CVRD is the largest iron ore producer and exporter in the world and the largest mining company in the American continent. The company was established in June 1942, 1. In addition to iron ore, the company also deals in manganese ore, aluminum ore, gold ore and other mineral products, as well as pulp, ports, railways and energy. 1on may 7, 1997, the company began to privatize and acquired iron ore enterprises on a large scale.
At present, Vale's iron ore production accounts for 80% of Brazil's total national output. Its iron ore resources are concentrated in Tiexijiao area in northern Brazil and the state of Bara, including Timber Pebe Iron Mine, Capanni Ma Iron Mine and Caragas Iron Mine. Its iron ore reserves are about 4 billion tons, and the main minerals can last for nearly 400 years.