Vale Technology Institute Plans to Hire 100 Researchers
OREANDA-NEWS. November 7, 2011. Vale SA, the world’s largest iron-oreproducer, plans to hire 100 researchers for its technologyinstitute as it seeks to boost production and meet growingdemand for the metal. The Vale Technology Institute, which the Rio de Janeiro-based company established in 2009 as a non-profit organizationto conduct scientific research for the mining industry, hashired 11 specialists and expects to have more than 60 by the endof next year, Luiz Mello, executive director of the institute,said in an interview today in London.
“For us, it’s a question of increasing volume and gettingmore of the product to the consumer market,” Mello said.“Prices are good now. They may not be the same in the future.”
The researchers include scientists from
Vale is expanding its iron ore, nickel and copperproduction as its seeks to tap higher demand from
Iron-Ore Prices
Iron-ore prices for immediate delivery rose 22 percent inthe 12 months through Sept. 30 as
The steelmaking material slumped 31 percent in October.Vale attributed the decline to tighter credit in
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