Vale: Brazilians in Australia/Oceania for Some Chinese Take Away?

PERTH, AUSTRALIA--December 2, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--Vale S.A. (NYSE:VALE) (Rio de Janeiro, Brazil) is now the second-largest diversified mining company worldwide in market value. However, this Brazilian mining success story is not just diversifying by commodity, it is diversifying geographically. With planned or committed spending of more than $5 billion in Australia and Oceania, Vale is no doubt eyeing the fast-emerging Asian markets.

Other companies featured: MMC Norilsk Nickel (NASDAQ:NILSY)