The Company’s majority shareholder is VCL, who is wholly owned by Vale S.A, and domiciled at Praia de Botafogo, 186-Botafogo, Rio de Janeiro, Brazil. Vale S.A.’s corporate capital as of December 31, 2020 was 5,284,474,770 common shares and twelve golden shares owned by the Brazilian Government.
The twelve golden shares have veto powers over certain actions, such as a change in name, location of the head office, and the Company’s purpose as it relates to mining activities. As such, Vale S.A. is the Company’s Controlling Shareholder, due to its direct and indirect control.
The following table sets forth information regarding ownership of Vale S.A. shares as of December 31, 2020.
| Shareholders |
Number of shares |
% |
| Litel |
519.733.209 |
9,84 |
| Capital World Investors |
296,009,366 |
5.6% |
| Bradespar |
293.907.266 |
5,56 |
| Mitsui&co |
286.347.0556 |
5,42 |
| Blackrock, Inc. |
272.614.219 |
5,16 |
| Capital Research Global Investors |
270.162.721 |
5,11 |