Member access

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

VALE SA (VALE5)

58
End-of-day quote. End-of-day quote BOLSA DE VALORES DE SAO PAULO - 09/01
25.75 BRL   -0.85%
08/22 VALE : concludes sale of stakes in VLI to Brookfield
08/22 VALE : obtains preliminary environmental license to EIA Global
08/06 VALE : JOGMEC signs MOU with Vale S.A. to strengthen relationship
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

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

05/07/2012 | 06:04pm US/Eastern
Recommend:
0

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

Recommend :
0
React to this article
Latest news on VALE SA
08/22 VALE : concludes sale of stakes in VLI to Brookfield
08/22 VALE : obtains preliminary environmental license to EIA Global
08/06 VALE : JOGMEC signs MOU with Vale S.A. to strengthen relationship
08/06DJZambia Copper Output Rise 16% in First Half
08/05 Glencore courts Guinea's iron ore treasures - document
08/01DJArcelorMittal Warns on Profit as Lower Iron-Ore Price Takes Toll--Update
08/01DJBrazilian Shares Close Little Changed, JBS Rises; Real Stronger Against Dolla..
08/01 Japan PM tells Brazil 'Abenomics' working, time to do more business
08/01 VALE : signs cooperation agreement with JBIC
08/01DJARCELORMITTAL : Warns on Profit as Lower Iron-Ore Price Takes Toll--Update
Advertisement
Chart
Duration : Period :
Vale SA Technical Analysis Chart | VALE5 | BRVALEACNPA3 | 4-Traders
Income Statement Evolution
Vale SA : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF