Dallas, Texas 11/19/2013 (Financialstrend) – In Monday’s trading session, Vale SA (ADR) (NYSE:VALE) rose by 1.27%. The shares opened at a price of $15.99, which touched the intraday high of $16.16 and headed to a close of $15.97. Around 17.38 million exchanged hands over the trading day and an average volume of 18.66 million shares were traded over a 30 day period. The 52-week low of Vale SA (ADR) (NYSE:VALE) shares is $12.39 and its 52-week high is $21.88. The company has a market capitalization of $82.30 billion.
About the company
Vale SA (ADR) (NYSE:VALE) was formed on 11th January 1943. It is a metals & mining company. It is also a producer of iron-ore & iron-ore pellets. In addition, the company produces manganese-ore, copper ferroalloys, thermal & coking coal, potash phosphates, kaolin, cobalt & platinum group metals. Vale SA (ADR) (NYSE:VALE) operates logistics-systems in Brazil such as maritime terminals & a port, railroads, which are integrated with the company’s mining operations. Directly & via affiliates and JV’s, Vale SA (ADR) (NYSE:VALE) has investments in energy & steel businesses. On 1st February 2011, Vale Fosfatados merged with Vale Fertilizantes.
In the year that ended 31st December 2010, the company acquired a 51% stake in VBG-Vale BSGR Limited. This company was previously BSG Resources (Guinea) 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 which was previously Bunge Participacoes e Investimentos S.A.
In 2012 September, the company acquired a 51% stake in Sociedade de Desenvolvimento do Corredor Norte S.A. In 2012 April, Vale SA (ADR) (NYSE:VALE) acquired a 51% stake on iron-ore concession-rights in Simandou South, Guinea, and in iron ore exploration permits located in Simandou North. The Company operates 4 different systems in Brazil to produce and distribute iron ore. This includes the Northern, Southern, Southeastern and Midwestern systems.