Vale Overseas Limited USD1bn 6.25% 10 August 2026 Senior Unsecured Notes
Vale Overseas Limited (VALEBZ) is wholly owned by Vale S.A. (Vale) and the company’s entity that issues debt securities to finance Vale’s activities.
Vale is headquartered in Rio de Janeiro, Brazil and is one of the largest metals and mining enterprises globally with principal operations located in Brazil, Canada, Indonesia and Mozambique. Vale is the largest global supplier of iron ore, with approximately 349 million metric tons (mt) of production in 2016, and the largest global producer of nickel, with around 311,000t produced during the same period. Vale also produce manganese ore, ferroalloys, metallurgical and thermal coal, copper, platinum group metals (PGMs), gold, silver and cobalt. As at 17 August 2017, Vale has a market capitalisation of around USD44bn, with approximately 260,000 shareholders from all continents.
Vale operate four systems in Brazil for producing and distributing iron ore, the Northern and the Southeastern systems are fully integrated, consisting of mines, railroads, maritime terminals and a port. The Southern system consists of three mining complexes and two maritime terminals. In addition, Vale also has iron ore pellet operations in several locations, some of which are conducted through joint ventures. Vale operates 11 pellet plants in Brazil and two in Oman; the company is also active in exploration activities in nine countries. Directly and through associates and joint ventures, Vale also has investments in energy and steel businesses.