Vale Limited

Vale (formerly Vale Inco, CVRD Inco ) is a Canadian mining company with headquarters in Toronto and subsidiary of the Brazilian mining company of the same name. Vale is legally unanhängig out by the parent company in the legal form of a limited company. The company is the world's second largest mining company of nickel ores and a major supplier of platinum.

The company was founded in 1902 under the name The International Nickel Company of New Jersey, USA as part of a merger of Canadian Copper, Orford Copper Company, Société Minière Caledonienne and others.

In June 2006, the U.S. mining company Phelps Dodge announced that it would acquire the Canadian company. There was a bidding war shares were in free float. However, the winner of the bidding competition was an innocent bystander, the Companhia Vale do Rio Doce ( CVRD ). The company from Brazil announced on 24 October 2006 that CVRD Inco has bought 75% of shares. Thus, the second-largest mining company in the world was born. Part of the acquisition agreement was that Inco nickel remains as an independent department of the CVRD and the remaining nickel mining activities of the parent company is allocated.

On 29 November 2007, called the parent company CVRD to Vale and the subsidiary CVRD Inco Vale Inco. Since May 2010, the former Inco operates as the parent company under the name Vale and with the same logo.

In his work in Greater Sudbury, Ontario, the company has with the Inco SuperStack the second highest chimney of the earth. Other important sites in Canada are Thompson, Port Colborne and Voisey 's Bay. In the United Kingdom ( Acton and Clydach ), Indonesia, Brazil and New Caledonia Vale is active.