Word: brazil
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...stunning testimonial to the benefits of privatization--and fortuitous timing--than the formerly state-owned Brazilian mining firm Companhia Vale do Rio Doce. In the 55 years following its founding in 1942, Vale, as it is now known, grew into a comfortably large domestic player. Since being unshackled from Brazil's state bureaucracy in 1997, Vale has soared into the ranks of global-commodities powerhouses, with net income rising from $680 million in 2002 to $9.2 billion in the first nine months of 2007, placing it as one of the top-three diversified mining and metals firms...
...with China's explosive growth. But instead of allowing costs to expand with growth, Agnelli reduced overhead, turning logistics, for example, into a core competency. Vale now owns numerous ports and 10,000 miles (about 16,000 km) of rail. That's critical in a country as vast as Brazil...
...newly spread wings, Vale's home base is firmly in Brazil. When its three new joint-venture steel projects (with German, Chinese and Korean partners) come online in Brazil next year, Vale will be supplying 70% of demand--a commanding position that even a state-owned firm might envy.n
...lasting effect of all these groups on the region is both endearing and surreal, and the best way to experience it is with a tour of Santa Catarina state. The heart of the region - and one of the few places in Brazil where renting a car is a good idea - Santa Catarina is a meandering mix of lush valleys, vibrant beach life and gentle fishing villages where the legacy of early pioneers lives on. From tiny Azorean settlements like the village at Armação with its colonial-style chapel, to the grand timber-framed Germanic architecture of Blumenau...
...lack of backing they received at the United Nations Security Council immediately after their invasion, where they were condemned as aggressors. The situation would seem less clear-cut to other Latin American countries if the British started shooting in the South Atlantic. At least ten countries, including Brazil, Mexico and Venezuela, have expressed sympathy with Argentina's claim to the Falklands, even while most deplored their" neighbor's methods. British military action might make them close ranks with Argentina, although the other Latin nations are unlikely to join in any conflict...