CVRD Inco Limited recently announced that it will now be known as Vale Inco Limited. The change is aligned with the re-branding of its parent company, Companhia Vale do Rio Doce, to Vale, announced earlier today in Rio de Janeiro, said a news release.
Vale is pronounced (vah-lay) and literally means valley.
“Our name change is the culmination of many months of work to realign our corporate identity, and to signify new beginnings, new opportunities and a positive outlook for the future,” said Vale Inco’s President and CEO, Murilo Ferreira in a news release. “As a mining company, ‘Vale’ reminds us of both our dependence on the earth’s riches and our important role as stewards of the natural environment. I am very proud that ‘Inco’ remains in our name as an important sign of the pride we have in our heritage as a worldwide leader in nickel production.”
The Company says a similar re-branding will unfold in the weeks and months ahead at its subsidiary companies, including Canadian-based Voisey’s Bay Nickel Company, which is adopting the name Vale Inco Newfoundland and Labrador Limited.
