Recognizing that this will be one of the largest sustainability funds ever created in the country, Onita Barbosa, Global Equity's managing partner, said that this project is truly a reference: "There have been very few times we have seen a project whose beginning, middle and end structure was so well coordinated," adding that that the fund will be divided as follows: 40% will belong to Vale and 20% to each of the three shareholders.
Wagner Pinheiro, PETROS president, forecasts very positive returns for the project. "It is very likely that this project will have returns of over 10% a year. These are numbers we are still trying to figure out and have as a goal."
To watch the webcast of this press conference and previous events please go to www.vale.com.
About ValeVale is the world's second largest diversified mining company in market capitalization. Present in more than 30 countries, Vale is the world's largest producer of iron ore and pellets, key raw materials for the steel industry, and one of the largest producers of nickel, which is used to produce stainless steel, batteries, special alloys, chemicals and other products. The company also produces copper, manganese, ferroalloys, bauxite, alumina, aluminum and coal, among other raw materials important to the global industrial sector and present in people's daily lives. For more information, please access www.vale.com/pressoffice SOURCE Vale