From the Newsroom*
São Paulo – Mining company Vale do Rio Doce announced today (24) the purchase of 75.66% of the capital of Canadian mining company Inco. A total of 174,623,019 common shares were purchased for 86,00 Canadian dollars each, totalling over 15 billion Canadian dollars, or US$ 13.3 billion.
With the purchase of Inco, which is specialized in the production of nickel, the Brazilian company has become the second greatest mining company in the world, losing only to BHP Billiton.
*Translated by Mark Ament
