Stockholders' equity (Tables)

12 Months Ended

Dec. 31, 2011

Stockholders' equity

Vale issued mandatory convertible notes

					Value
	Date
							Net of charges
Headings	Emission		Expiration		Gross				Coupon
Tranches Vale and Vale P-2012		July/2009		June/2012		942		934		6.75% p.a.

Funds linked to future mandatory conversion

	Maximum amount of action				Value
Headings	Common		Preferred		Common		Preferred
Tranches Vale and Vale P-2012		18,415,859		47,284,800		293		649

Basic and diluted earnings per share

	Year ended as of December 31,
	2011			2010			2009
Net income from continuing operations		22,885			17,407			5,349
Discontinued operations, net of tax		–			(143	)		–
Net income for the period		22,885			17,264			5,349
Remuneration attributed to preferred convertible notes		(97	)		(72	)		(58	)
Remuneration attributed to common convertible notes		(70	)		(61	)		(93	)
Net income for the period adjusted		22,718			17,131			5,198
Earnings per share
Income available to preferred stockholders		8,591			6,566			1,967
Income available to common stockholders		13,842			10,353			3,082
Income available to convertible notes linked to preferred		205			153			75
Income available to convertible notes linked to common		80			59			73
		22,718			17,131			5,197
Weighted average number of shares outstanding (thousands of shares)—preferred shares		1,984,030			2,035,783			2,030,700
Weighted average number of shares outstanding (thousands of shares)—common shares		3,197,063			3,210,023			3,181,706
Total		5,181,093			5,245,806			5,212,406
Weighted average number of convertibles outstanding (thousands of shares)—linked to preferred shares		47,285			47,285			77,580
Weighted average number of convertibles outstanding (thousands of shares)—linked to common shares		18,416			18,416			74,998
Total		65,701			65,701			152,578
Total
Earnings per preferred share		4.33			3.23			0.97
Earnings per common share		4.33			3.23			0.97
Earnings per convertible note linked to preferred		6.39			4.76			1.71
Earnings per convertible note linked to common share		8.15			6.52			2.21
Continuous operation
Earnings per preferred share		4.33			3.25			0.97
Earnings per common share		4.33			3.25			0.97
Earnings per convertible note linked to preferred		6.39			4.77			1.71
Earnings per convertible note linked to common share		8.15			6.56			2.21
Discontinuous operation
Earnings per preferred share					(0.02	)
Earnings per common share					(0.02	)
Earnings per convertible note linked to preferred					(0.01	)
Earnings per convertible note linked to common share					(0.04	)