Word: mininger
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Yadav is certainly lucky that he's heading Indian Railways during a period of tremendous growth in India. The company is minting money hauling freight for mines thanks to the massive demand for iron ore in China, to cite just one example. But you also have to be clever enough...
Few companies offer a more 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...
Already the world's largest producer of iron ore and one of the largest producers of nickel, Vale is also a growing force in copper, manganese, bauxite, precious metals, aluminum, coal, steel and energy. Its stock price has more than doubled in the past year, to nearly $33, and the...
Agnelli has enjoyed superb timing, but mining analyst John Tumazos says Vale's real edge is a willingness to explore the new mining frontier, in developing countries, years before the competition. "Things don't frighten them so much because they are used to ups and downs," Tumazos says. In New...
That seems unlikely in the run-down mining town that didn't even exist until some German miners set up a company called SAM near the town of Ouandja. The mining company's departure and decades of neglect and insecurity have left the remote northern town a forgotten backwater - like...