Aussie dollar climbing… is the iron ore trade back on?
Simandou, one of the world’s most significant iron ore developments, is set to challenge the Pilbara’s dominance soon.
Vale (NYSE: VALE) said on Monday that Denis Cuenca has been nominated as the Brazilian miner’s chief compliance officer.
Cuenca will report directly to Vale’s board, it said in a securities filing.
His nomination comes after the board approved the creation of a compliance division as part of recommendations given by an independent committee in February to strengthen governance, safety and risk management.
Before joining Vale, he worked in companies such as Ultrapar, KPMG, Banco Itaú, Banco Real and Itautec.
(By Gabriela Mello; Editing by Jason Neely)
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