CVRD Inco

Vale Canada Limited

Type	Wholly owned subsidiary
Industry	Mining
Founded	1902
Headquarters	Toronto, Canada
Key people	Peter Poppinga, (President & CEO)
Products	Nickel, Copper, Cobalt, PGMs
Revenue	US$ 8.3 billion (2012)
Net income	US$ 3.8 Billion (2012)
Number of employees	12,000
Parent	Vale
Subsidiaries	Vale Indonesia
Website	nickel.vale.com

Vale Canada Limited (formerly Vale Inco, CVRD Inco and Inco Limited; for corporate branding purposes simply known as "Vale" and pronounced /'vɑːleɪ/ in English) is a wholly owned subsidiary of the Brazilian mining company Vale. Vale's nickel mining and metals division is headquartered in Toronto, Ontario, Canada. It produces nickel, copper, cobalt, platinum, rhodium, ruthenium, iridium, gold, and silver. Prior to being purchased by CVRD (now Vale) in 2006, Inco was the world's second largest producer of nickel, and the third largest mining company outside South Africa and Russia of platinum group metals. It was also a charter member of the 30-stock Dow Jones Industrial Average formed on October 1, 1928.

The Company was founded following the discovery of copper deposits in Sudbury, Ontario. Initially, ore was shipped for smelting to a plant in Constable Hook, New Jersey, owned by the Orford Copper Company. Processing soon revealed that the ore was also rich in nickel and exploration tests revealed an enormous potential. In 1902 the International Nickel Company, Ltd. was created in New York, NY as a joint venture between Canadian Copper, Orford Copper, and American Nickel Works. In 1916, the International Nickel Company of Canada, Ltd. was incorporated as the operating company in Copper Cliff in Sudbury, and in 1918 the company built a new refinery in Port Colborne. The International Nickel Company of Canada, Ltd., first began using the trade name Inco in 1919.