Caemi [SEP] industry
Caemi
Caemi Mineração e Metalurgia S.A. was a major Brazilian mining holding company that ceased to exist in December 2006 after it was merged into Vale. Caemi means "Companhia Auxiliar de Empresas de Mineração".
Operations.
The company owned iron ore mines in the so-called "Iron Quadrangle" region of the state of Minas Gerais, and kaolin mines in the northern states of Amapá and Pará. The company also owned a stake in MRS Logística, which owns a railway network in southeastern Brazil. Caemi's stock
"EBM" owned the other 51% of the company. The problem is that Caemi also owned 70.1% of "EBM", this fact brings Caemi's total stake at MBR to 84.75%. Caemi's 84.75% participation at MBR is recognized at the company's 2005 Annual Report, which was Caemi's last.
"EBM", besides Caemi had two other investors:
- Vale owned 9.9% of "EBM" since 2001, participation which was purchased from Bethlehem Steel
- Japanese investors owned the