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"Mining giant Vale SA's choice (Murilo Ferreira-pictured), 58, for its new head — a former executive considered the government's pick—appears to give Brasil's President Dilma Rousseff greater control over the world's largest iron-ore producer.
That has left investors and executives alike scrambling to gauge whether and how far Rousseff might push the Rio de Janeiro-based company into potentially money-losing projects to drive the country's broader development goals, like reviving its shipping industry."
"We know they are clearly meddling," said an analyst.
Ousted CEO Agnelli reportedly resisted many government pressures on the $46 billion revenues giant, including participation in the controversial Belo Monte dam. Agnelli considered its design and costs to be "a money loser."
AND: The government has denied a request by the Inter-American Commission on Human Rights to halt work on the Amazon's massive Belo Monte hydro-electric dam. It said the request is unjustified despite environmental concerns.
http://www.bbc.co.uk/news/world-latin-america-12990099
