ATTENZIONE - OPINIONE IN LIGUA INGLESE

OPINION ABOUT: Vale SA, a Brazilian company, is the world's largest producer of iron ore and iron ore pellets and the world's second-largest producer of nickel. It also produces manganese ore, ferroalloys, coal, copper, platinum group metals, gold, silver, cobalt and potash, phosphates and other fertilizer nutrients. Vale is engaged in mineral exploration and operates large logistics systems integrated with mining operations. It also has investments in energy and steel businesses. To support the distribution of iron ore worldwide it has a portfolio of maritime freight assets, floating transfer stations and a distribution center. It has five lines of business: Bulk materials (73% of ttm Net Operating Revenue), Base metals (18%), Fertilizer nutrients (6%), Infrastructure, Other investments.

Ref. date: Nov, 2014