Global Mining: Brazil Interim Government aiming to replace Vale Murilo Ferreira at Vale

The interim government of president Michel Temer plans to replace Murilo Ferreira as president of Vale, the second largest company in the country and the world’s largest producer of iron ore. The main reason behind this command change in the company would be the fact that Ferreira is well-connected to the former president Dilma Rousseff and former Finance Minister Guido Mantega.

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Mining & Policy: President Dilma Seeks help of Vale President to reduce market concerns

Brazilian President Dilma Rousseff will use business leaders as unofficial ambassadors of their campaign, to help mitigate market concerns about a possible second term. The statement was made yesterday (6) told Bloomberg News by a member of his cabinet, who asked not to be identified. The Vale president Murilo Ferreira, is among executives bandied about to support Dilma.

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