Dallas, Texas 11/21/2013 (Financialstrend) – In Wednesday’s trading session, Vale SA (ADR) (NYSE:VALE) dropped by 1.72%. The opening price of the shares was $15.88, which climbed to an intraday high of $15.91 and headed to close at $15.42. Around 16.71M shares were exchanged on Wednesday while the average-volume of 19.03 million shares were traded over a 30 day period. The 52-week low of Vale SA (ADR) (NYSE:VALE) shares is $12.39 while the 52-week high is $21.88. The company has a market capitalization of $79.47 billion.
About the company
Vale SA (ADR) (NYSE:VALE) was formed on 11th January 1943. It is a metals & a mining company. It also produces iron ore pellets as well as iron ore . Vale SA (ADR) (NYSE:VALE) is also involved in the production of ferroalloys, ore, manganese thermal & coking coal, copper, potash, phosphates, kaolin, cobalt & platinum group metals . The company also operates various logistics systems in Brazil. These include some maritime terminals, railroads and a port. All of these are integrated with the company’s mining operations. Directly & via its affiliates and JV’s , Vale SA (ADR) (NYSE:VALE) has investments in the energy and in steel businesses. On 1st February 2011, Vale SA (ADR) (NYSE:VALE) Fosfatados merged into the Vale Fertilizantes.
In the year that ended 31st December 2010, Vale SA (ADR) (NYSE:VALE) acquired a 51% stake in VBG-Vale BSGR Limited. This was previously formerly BSG Resources Limited. In 2010, Vale SA (ADR) (NYSE:VALE) acquired the Brazilian phosphate-operations of Vale Fertilizantes. This was previously Fertilizantes Fosfatados S.A.-Fosfertil & Vale Fosfatados S.A. this was previously Bunge Participacoes e Investimentos S.A. In 2010 September, the company purchased the 51% interest in the Sociedade de Desenvolvimento do Corredor-Norte S.A. In 2010 April, Vale SA (ADR) (NYSE:VALE) bought a 51% stake on iron-ore concession rights situated in Simandou South , Guinea, as well as iron-ore exploration permits in the Simandou North region.