Investments in affiliated companies and joint ventures (Tables)

3 Months Ended

Mar. 31, 2011

Investments in affiliated companies and joint ventures (Tables) [Abstract]

Investments in affiliated companies and joint ventures

	March 31, 2011 ( Unaudited )										Investments						Equity in earnings (losses) of investee adjustments									Dividends Received
								Net Income									Three-month period ended (unaudited)									Three-month period ended (unaudited)
								(loss) of the			March			December			March			December			March			March		December		March
	Participation in capital (%)				Net equity			period			31, 2011			31, 2010			31, 2011			31, 2010			31, 2010			31, 2011		31, 2010		31, 2010
	Voting		Total								(Unaudited)						(Unaudited)						(Unaudited)			(Unaudited)				(Unaudited)
Bulk Material
Iron ore and pellets
Companhia Nipo-Brasileira de Pelotização - NIBRASCO (1)		51.11		51.00		336			16			171			171			8			12			5			—		—		—
Companhia Hispano-Brasileira de Pelotização — HISPANOBRÁS (1)		51.00		50.89		243			6			124			128			3			35			8			—		—		—
Companhia Coreano-Brasileira de Pelotização — KOBRASCO (1)		50.00		50.00		177			20			89			87			10			9			6			—		—		—
Companhia Ítalo-Brasileira de Pelotização - ITABRASCO (1)		51.00		50.90		184			19			94			86			10			14			2			—		—		—
Minas da Serra Geral SA — MSG		50.00		50.00		73			2			38			36			1			4			(1	)		—		—		—
SAMARCO Mineração SA — SAMARCO (2)		50.00		50.00		932			413			531			561			207			261			44			250		575		50
Baovale Mineração SA — BAOVALE		50.00		50.00		62			4			33			31			2			2			1			—		—		—
Zhuhai YPM Pellet e Co,Ltd — ZHUHAI		25.00		25.00		103			(3	)		26			25			(1	)		4			3			—		—		—
Tecnored Desenvolvimento Tecnológico SA		37.40		37.40		139			(2	)		54			40			(1	)		—			(10	)		—		—		—
												1,160			1,165			239			341			58			250		575		50
Coal
Henan Longyu Resources Co Ltd		25.00		25.00		1,104			94			276			250			24			64			20			—		—		—
Shandong Yankuang International Company Ltd		25.00		25.00		(127	)		(20	)		(32	)		(27	)		(5	)		(7	)		(2	)		—		—		—
												244			223			19			57			18			—		—		—
Base Metals
Bauxite
Mineração Rio do Norte SA — MRN		40.00		40.00		393			5			158			152			2			(8	)		1			—		10		—
Copper
Teal Minerals Incorporated		50.00		50.00		219			(9	)		110			90			(5	)		3			5			—		—		—
Nickel
Heron Resources Inc (3)		—		—		—			—			7			7			—			—			—			—		—		—
Korea Nickel Corp		25.00		25.00		24			—			6			11			—			2			—			—		—		—
Others (3)		—		—		—			—			3			5			—			—			—			—		—		—
												16			23			—			2			—			—		—		—
Aluminium
Norsk Hydro ASA		22.00		22.00		—			—			3,531			—			—			—			—			—		—		—
Logistic
LOG-IN Logística Intermodal SA		31.33		31.33		407			—			137			135			—			4			(1	)		—		—		—
MRS Logística SA		37.86		41.50		1,284			88			534			511			36			28			13			—		37		—
												671			646			36			32			12			—		37		—
Others
Steel
California Steel Industries Inc — CSI		50.00		50.00		321			11			160			155			6			(1	)		6			—		7		—
THYSSENKRUPP CSA Companhia Siderúrgica		26.87		26.87		7,037			(32	)		1,891			1,840			(8	)		(75	)		(4	)		—		—		—
												2,051			1,995			(2	)		(76	)		2			—		7		—
Other affiliates and joint ventures
Vale Soluções em Energia (1)		51.00		51.00		276			(17	)		146			115			(9	)		(33	)		—			—		—		—
Others		—		—		—			—			239			88			—			(15	)		—			—		—		—
												385			203			(9	)		(48	)		—			—		—		—
Total												8,326			4,497			280			303			96			250		629		50

(1)	Although Vale held a majority of the voting interest of investees accounted for under the equity method, existing veto rights held by noncontrolling shareholders under shareholder agreements preclude consolidation;
(2)	Investment includes goodwill of US$66 in March, 2011 and US$64 in December, 2010.
(3)	Available for sale.