Brazil’s Ferrous Resources appoints former Vale and CSN executive as CEO

Brazil-based iron ore mining company Ferrous Resources announced Friday it has named former Vale manager Jayme Nicolato Correa as its new Chief Executive Officer. Correa was a former director of miner Vale's Carajas Mining, Railway and Port System and former head of iron ore at steelmaker CSN. The appointment will be effective March 1, 2012.