High Quality Content by WIKIPEDIA articles! Vale, formerly Companhia Vale do Rio Doce (CVRD), is a diversified mining multinational corporation and one of the largest logistics operators in Brazil. In addition to being the second-largest mining company in the world, Vale is also the largest producer of iron ore, pellets, and second largest of nickel. Vale also produces manganese, ferroalloys, copper, bauxite, potash, kaolin, alumina and aluminum. In the electric energy sector, the company participates in consortia and currently operates nine hydroelectric plants.Companhia Vale do Rio Doce (or CVRD, as the company was better known prior to 2007) was founded in Itabira, Minas Gerais, as a public company by the Brazilian Federal Government on June 1, 1942. One year later the Vitória a Minas railroad was inaugurated. CVRD, just seven years after its foundation, was already responsible for 80% of Brazilian iron ore exports. In 1966, the company inaugurated in Espirito Santo the Port of Tubarão, which was to become the most important port for CVRD and is still used to export iron ore mined from the Iron Quadrangle in Minas Gerais.