|Vale SA (Vale) is a Brazil-based metals and mining company. The Company's product portfolio includes nickel, iron ore and iron ore pellets, manganese ore, ferroalloys, aluminum, fertilizers, copper and coal among others. Vale is engaged in the mineral exploration in 24 countries around the globe. In addition, the Company operates logistics systems in Brazil, including railroads, maritime terminals and ports, which are integrated with its mining operations and it has a maritime freight portfolio to transport iron ore. Through affiliates and joint ventures, Vale also operates in the generation and supply of energy and steelmaking sector. The Company operates in more than 38 countries, including mineral exploration activities in 21 countries. As of December 31, 2010, the Company's subsidiaries included Ferrovia Norte Sul SA, Vale Colombia Ltd. and Vale Manganes SA among others. On May 27, 2010, the Company acquired 58.6% of the equity capital of Fertilizantes Fosfatados SA (Fosfertil).