Vale names logistics exec as new coal and ferrous metals chief

Brazil’s Vale, the world’s top iron-ore miner, has named Marcelo Spinelli as its new head of coal and ferrous metals, it said in a filing on Monday. Spinelli has served as the chief executive of VLI Logistica, a maritime and railway logistics firm in which Vale has a stake, since 2010, and has "solid experience in integrated logistics operations," Vale said.