Business News
In This Section: Leadership Messages
Message from the CEO and President
March 18th, 2010Our commitment to Canada is clear
Labour disputes, like the ones affecting two-thirds of our Canadian operations, generate a lot of questions from a lot of different perspectives. We have a question of our own – does anyone really believe that Canada and Canadians are so intolerant that race and heritage are suitable excuses for ridicule [...]
Update – New Structure in Canada/UK Operations
August 13th, 2009On July 9, Tito Martins announced that Vale Inco’s Canadian/UK Operations would be organized as a single, integrated mining, milling, smelting and refining unit. As such, the roles of Division Presidents were replaced by three functional Vice-Presidents, as follows:
Mike MacFarlane – Vice-President, Mining and Milling
Steve Wood – Vice-President, Smelting and Refining
John Pollesel – Vice-President, Production [...]
Business Update from the President and CEO
July 9th, 2009One month ago I provided a business update to Vale Inco employees around the world that spoke to the need for us to manage and structure the business differently going forward – to position ourselves competitively in all price cycles and create a foundation for long-term growth.
Today, I provide a progress report on those efforts.
The [...]
Business Update from Peter Poppinga
June 29th, 2009Earlier this month, Vale Inco employees around the world received a business update from President and CEO Tito Martins detailing the next steps in the restructuring process and announcing that each of our operations had been assigned specific performance improvement targets to position them as cash-flow positive and self sustaining in all
business cycles.
This note is intended to provide [...]
Message from the CEO and President
June 10th, 2009The last few years have seen significant change in our company and our industry. The changing demands of the business, the move by major industry players to consolidate and leverage economies of scale, and the current global economic crisis have introduced a new reality to the mining sector that requires us to seek new and [...]
Vale adjusts nickel production to global demand
April 16th, 2009Vale announces that it has taken further steps to adjust its nickel production to the evolution of global demand. In light of a global recessionary environment, Vale retains the option of managing production and project execution according to its assessment of market conditions.
Consistent with this guideline, we decided to slowdown the conclusion of the Onça [...]
Message from the CEO and President
April 16th, 2009To Vale Inco employees,
As you may have already heard, we have announced further adjustments to global nickel production in response to the global economic crisis that we are all experiencing.
The measures announced today include a postponement of at least one year of the Onça Puma nickel project in the state of Pará, Brazil, and an [...]
Letter from Fred Stanford: Completed Workforce Reductions
March 27th, 2009Hello Everyone:
Over the course of this month, Vale Inco has been working with the Union towards implementing the reduction of 65 roles in unionized staff that was announced a few weeks ago.
Unionized staff affected by this reduction were notified Wednesday. In saying this, I can confirm that the workforce adjustment announced on March 3, 2009, [...]
Completion of the Management Restructuring Process in the Ontario Operations
March 4th, 2009Everyone:
I appreciate for all of you the events that unfolded yesterday were difficult and emotional. The global economic crisis was both unexpected, and the extent to which it has manifested, completely unpredictable. Unfortunately, as a result, adjusting our organization to the new ‘reality’ of these unprecedented times has therefore been unavoidable.
Our organization has now changed [...]
Update on Vale Inco’s ongoing efforts to adapt to the new economic reality
March 3rd, 2009Over the past few months my Management Committee colleagues and I have provided periodic updates on how the global economic crisis is affecting us at Vale Inco. Our messages have included a look at the changing world market, an overview of the year ahead in the nickel business and a frank discussion of the challenges [...]