Vale SA
BRIEF: For the three months ended 31 March 2013, Vale SA (ADR) revenues decreased 5% to $10.94B. Net income decreased 18% to $3.11B. Revenues reflect Bulk Material segment decrease of 8% to $7.9B, Fertilizer segment decrease of 8% to $721M, Iron Ore, Avg. Price per Met. Ton, Total decrease of 5% to $112 per metric ton, Iron Ore Production (Mt)-Southeastern sy decrease of 7% to 24.8M metric tons.
Common no Par, 03/11, 3,600M auth., 3,256,724,482 issd., less 47,375,394 shs. in Treas. @$2.7M cost. Insiders own 60.28%. Pref. Shares Cl. A 7,200M, auth., 2,108,579,618 issd., less 99,649,562 shs. in Treas. @$16M cost. Insiders own 4.47%. 9/04, 3-for-1 stock split. 12/07, Name changed from Companhia Vale do Rio Doce.
Vale SA (Vale) is a Brazil-based metals and mining company. The Company services are divided into four segments: Bulk Material, including the extraction of iron ore, manganese and ferroalloys, as well as pellet production; Basic metals, comprising the production of non-ferrous minerals, including nickel, copper and aluminum; Fertilizers, including the production of potash, phosphate and nitrogen; and Logistic services, including cargo transportation for third parties divided into rail transport, port and shipping services. Additionally, Vale is active in investments in joint ventures and associate in other businesses. The Company operates in more than 38 countries, including mineral exploration activities in 21 countries. As of December 31, 2011, the Company operated through 18 subsidiaries and three jointly-controlled entities, incorporated in Brazil, Peru, Indonesia, Chile, Australia, Austria, Canada, Colombia, Switzerland, Mozambique, New Caledonia, Oman, Singapore and the USA.
