Vale Global Exploration
Transcription
Vale Global Exploration
SIMEXMIN May 21st 2012 Vale Mineral Exploration Program Fabio Sampaio Masotti Exploration Director Americas Disclaimer “This presentation may contain statements that express management’s expectations about future events or results rather than historical facts. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected in forward-looking statements, and Vale cannot give assurance that such statements will prove correct. These risks and uncertainties include factors: relating to the Brazilian and Canadian economies and securities markets, which exhibit volatility and can be adversely affected by developments in other countries; relating to the iron ore and nickel businesses and their dependence on the global steel industry, which is cyclical in nature; and relating to the highly competitive industries in which Vale operates. For additional information on factors that could cause Vale’s actual results to differ from expectations reflected in forwardlooking statements, please see Vale’s reports filed with the Brazilian Comissão de Valores Mobiliários and the U.S. Securities and Exchange Commission.” Vale Global Mission Health & Safety Vale’s Overview Mineral Exploration Vale Global Mission Health & Safety Vale’s Overview Mineral Exploration Vale: Our Beliefs MISSION To transform natural resources into prosperity and sustainable development VISION To be the number one global natural resources company in creating long term value, through excellence and passion for people and the planet VALUES Life matters most Value our people Prize our planet Do what is right Improve together Make it happen Vale Global Mission Health & Safety Vale’s Overview Mineral Exploration Vale Accidents Rate – Global and Brazil Total Accident Rate* YTD (Mar.12) – Global Vale Worldwide 7 6,01 6 5 3,89 4 3,33 3,13 3 2,39 2 1 0 2009 2010 2011 2012 Jan-Mar 2012 Whole Year Forecast *Total accident rate includes: Medical Treatment Case, Restricted Workday Case, Lost Workday Case and Fatalities Vale Global Mission Health & Safety Vale’s Overview Mineral Exploration Vale: who we are Vale is the second biggest mining company in the world and the largest in the Americas. We are the leading producer of iron ore and pellets and the second biggest nickel producer. We are also among the largest producers of manganese and ferro-alloys. We produce copper, coal, potash, phosphate fertilizers, cobalt and platinum group metals. We are also active in the logistics, energy and steel sectors. We are present in 38 countries, with 420,000 investors on all continents. "We are global, not only because we are present throughout the world, but because we think globally." Where we are • Present on five continents through its operations, commercial offices and mineral exploration. Our operations include 52 mines around the world. • We operate in 38 countries and employ over 138,000 people, including employees and contractors. The Company consolidates the diversification in mining, supported by the logistics and energy Operational Revenue 2011 US$ 60.4 Billion Mining • Ferrous - Iron ore, pellets, manganese and alloys • In 2011, China accounted for 44.1% of our iron ore and iron ore pellets shipments, and Asia as a whole accounted for 62.4% • Nonferrous - Nickel, Copper Products • Fertilizers • Coal Logistics • Railways, port terminals, coastal shipping and logistics solutions Energy for self-supply Markets • In Brazil alone we currently participate in nine hydroelectric power plants and four PCHs (small hydroelectric power plants) Vale delivered 38 projects between 2002 and 2011 Organic growth: project pipeline for the next years *JVs One of VALE’s major concern is people’s education: VALER Institute Educational challenges • Dimension of the enterprise and global presence • Cultural diversity • Excellence in management • Continued development in human capital Constant development programs for employees and partners • Basic education and technical qualification and specialization. • Specific development programs in management and technical specialization Partnership with institutions focused on science, technology and innovation Vale Global Mission Health & Safety Vale’s Overview Mineral Exploration A challenging scenario The Mining Industry has significant challenges ahead: • Mining will progressively move to more remote regions and with a higher risk profile • Increasing government pressure for profit sharing, public compensation and infra-structure development. Risk of legislation change and resource nationalization • Sustainable operations to address increasing social requirements • More stringent environmental regulations and conditions. Potential for additional costs associated to climate change • Short supply of skilled labour Vale Global Exploration Organizational Chart Global Director Marcio Godoy Strategig Planning, Management and Mineral Rights Health, Safety and Sustainability Luiz Baginski Jessica Carvalho Project Development Technical Services Exploration Australasia Exploration Americas Edson Ribeiro Natalia Streltsova Edson Ribeiro Fabio Masotti Project Planning and Development Mineral Technology and Technical Support Geological Exploration and Business Development Exploration Africa , Europe and Western Asia Noevaldo Teixeira Vale Global Exploration Exploration Americas Africa and Eurasia Exploration Australasia Technical Services Project Development Non-ferrous Worldwide Exploration Budgets by Country (2011) Source: Metals Economic Group 2012 Vale’s Investment in Mineral Exploration • Long-term investment, akin to R&D • Despite the market downturn in 2009, investment has systematically increased in recent years as a reflex of the consolidation of the geographical expansion and multi-mineral portfolio Global Exploration 2012 Andean America North 8,0% America 14,5% Brasil 40,0% Africa 12,0% Consistent and increasing investment in Brazil In 2010 investments in mineral exploration returned to pre-crisis levels Australasia 25,5% 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 World * US$ corrected by USA´s CPI. 2012 = budget. 2001 2002 2003 Brazil 2004 2005 2006 2007 2008 2009 2010 2011 2012 E VALE’s successful mineral exploration has the following pillars: • To be where the big deposits are • Continuous innovation, seeking new concepts and new technologies • Strategic alliances with suppliers, universities, research institutions • Flexible models of partnerships with junior companies, seeking complementary skills • Continuous effort and investment • Maintain high credibility with society, government, environmental agencies and investors Vale’s Exploration Positioning Canada: Potash and Nickel Pacific Belt: Copper Andean America: Copper Africa: Copper Australia: Coal Brazil: Iron Ore, Nickel, Copper, Potash Exploring the globe… ... connected with the world... Moxico, Angola Saskatchewan, Canada Carajas, Brazil Mongolia … combined with state of the art mineral processing technology Thank you! Fabio Sampaio Masotti Exploration Director Americas [email protected]