Murilo ferreira vale biography of barack obama president

Vale is the biggest producer of iron ore, the key ingredient of steel. The Brazilian mining giant Vale, the world's biggest producer of iron ore, has chosen a new chief executive. Former Vale executive Murilo Ferreira will return to the company on 22 May. Mr Ferreira, 58, replaces Roger Agnelli, who has been under pressure to go following months of friction with the government.

From May , the company had been headed up by Murilo Ferreira who the Israeli businessman had never managed to get close to.

Mr Agnelli was criticised for not investing enough in Brazil's economy, but his supporters said the move was a veiled state takeover. But Mr Lula harshly criticised his move to cut investments and lay off workers during the financial crisis. The government owns a large stake in Vale through the state-run pension fund and development bank. Mr Ferreira joined Vale in in its aluminium division and later led the Canadian nickel operations that the company bought in He left the company in after 30 years in the mining business.

Analysts said Mr Ferreira's two immediate tasks would be to mend fences with the government and to ensure that ties with China - the world's largest iron ore buyer - are not damaged. Related internet links.