Member access

4-Traders Homepage  >  Shares  >  BOLSA DE VALORES DE SAO PAULO  >  Vale SA    VALE5   BRVALEACNPA3

VALE SA (VALE5)

63
End-of-day quote. End-of-day quote BOLSA DE VALORES DE SAO PAULO - 12/22
18.65 BRL   -0.69%
1d ago BENY STEINMETZ : Data office says NGO has journalist exemption, reje..
4d agoDJBrazilian Shares Rise, Led by Rossi Residencial; Real Weakens Sli..
5d ago VALE : concludes the sale of its stake in Fosbrasil to ICL
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector news 

Vale : Brazil's Vale Sells Stake In Cadam; Exits Kaolin Business

05/07/2012 | 06:04pm US/Eastern

Brazilian mining company Vale SA (VALE, VALE5.BR) said Monday it has sold its 61.5% stake in kaolin producer Cadam SA to KaMin LLC, a privately owned U.S. company, for $30.1 million.

The sale marks Vale's exit from the kaolin business, as part of a move to optimize its assets portfolio, the company said in a statement.

Cadam is a kaolin producer that operates an open-pit mine in the state of Amapa, and a processing plant and a private port, in the state of Para, all in north Brazil. The mine and the plant are linked via a 5.8-kilometer pipeline.

Kaolin, a type of clay, is an industrial mineral used in production of ceramics, refractory bricks, pigments and coatings.

Vale, which also sold kaolin producer Para Pigmentos SA in 2010, said it will receive payment for the sale of its controlling stake in Cadam over five years.

Vale in recent years has increased investments in metals including nickel, copper and coal, as well as in the logistics and energy areas, diversifying from iron ore, which still forms the major part of its business.

-By Diana Kinch, Dow Jones Newswires, 55 21 7564 4495 diana.kinch@dowjones.com

React to this article
Latest news on VALE SA
1d ago BENY STEINMETZ : Data office says NGO has journalist exemption, rejects Steinmet..
2d ago VALE : sells stake in Moatize coal mine to Mitsui
4d agoDJBrazilian Shares Rise, Led by Rossi Residencial; Real Weakens Slightly
5d ago VALE : concludes the sale of its stake in Fosbrasil to ICL
6d agoDJCourt Rejects Bid to Dismiss Rio Tinto Lawsuit
6d agoDJU.S. Court Rejects Vale Bid to Dismiss Rio Tinto Lawsuit
6d ago Judge refuses Vale request to dismiss Rio Tinto lawsuit in U.S.
7d ago MITSUI : agree with Vale SA to participate in coal and rail & port infras projec..
12/15DJADR Shares End Lower; BT Group Shares Trade Actively
12/15DJTax Disputes Flair as Africa Fights 'Secret' Oil Deals
Advertisement
Chart
Duration : Period :
Vale SA Technical Analysis Chart | VALE5 | BRVALEACNPA3 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF