Global Mining: Brazil Interim Government aiming to replace Vale Murilo Ferreira at Vale

Dilma-Murilo-ferreira-2011-size-598
Former Brazilian President Dilma Rousseff and  current Vale CEO Murilo Ferreira

The interim government of president Michel Temer plans to replace Murilo Ferreira as president of Vale, the second largest company in the country and the world’s largest producer of iron ore.

The main reason behind this command change in the company would be the fact that Ferreira is well-connected to the former president Dilma Rousseff and former Finance Minister Guido Mantega.

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