# Caemi
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{{Short description|Brazilian mining holding company}}
{{Use dmy dates|date=October 2022}}
{{Infobox company
| name = CAEMI Mineração e Metalurgia S.A.
| logo = Caemi's Logo.png
| type = [Public](/source/Public_company)
| traded_as = {{B3 was|CMET4}}
| founded = Quadrilátero Ferrífero, ''Iron Quadrangle'', [Minas Gerais](/source/Minas_Gerais) 1942[{{Cite web |url=http://200.150.146.163/publique/cgi/cgilua.exe/sys/start.htm?sid=71# |title=CAEMI |access-date=12 December 2007 |archive-url=https://web.archive.org/web/20050323190459/http://200.150.146.163/publique/cgi/cgilua.exe/sys/start.htm?sid=71# |archive-date=23 March 2005 |url-status=dead }}]
| location = [Nova Lima, Brazil](/source/Nova_Lima%2C_Brazil)
| key_people = Augusto Antunes (founder)
| revenue = {{profit}}$2.3 billion [USD](/source/United_States_dollar) (2005)
| net_income = {{profit}}$824 million (2005)[[http://www.datamonitor.com/companies/company/?pid=4F838816-295A-42B6-AA03-1F5D8CA4D7B8 Datamonitor – Caemi Mineraceo E Metallurgica SA – Company Research, Analysis Reports, News, Profile]]
| parent = [Vale](/source/Vale_(mining_company))
| num_employees =
| industry = [Mining](/source/Mining), [Logistics](/source/Logistics)
| products = raw materials, logistics and railway transport
| subsidiaries = CADAM, MBR
| website =
}}
'''Caemi''' Mineração e Metallurgia S.A. was a major [Brazil](/source/Brazil)ian mining [holding company](/source/holding_company) that ceased to exist in December 2006 after it was merged into [Vale](/source/Companhia_Vale_do_Rio_Doce). Caemi means ''Companhia Auxiliar de Empresas de Mineração''. in english it means Auxiliary Company of Mining Companies.
==Operations==
The company owned [iron ore](/source/iron_ore) mines in the so-called ''Iron Quadrangle'' region of the state of [Minas Gerais](/source/Minas_Gerais), and [kaolin](/source/kaolin) mines in the northern states of [Amapá](/source/Amap%C3%A1) and [Pará](/source/Par%C3%A1). The company also owned a stake in MRS Logística, which owns a railway network in southeastern Brazil. Caemi's stock was traded on [Bovespa](/source/Bovespa).
==MBR – Minerações Brasileiras Reunidas==
Caemi started MBR in a partnership with [M. A. Hanna Company](/source/M._A._Hanna_Company) in 1965.[{{Cite web |url=http://200.150.146.163/publique/cgi/cgilua.exe/sys/start.htm?sid=4# |title=CAEMI |access-date=14 December 2007 |archive-url=https://web.archive.org/web/20050921041238/http://200.150.146.163/publique/cgi/cgilua.exe/sys/start.htm?sid=4# |archive-date=21 September 2005 |url-status=dead }}] MBR since 1971 had been the second biggest iron ore producer in [Brazil](/source/Brazil),[[http://www.bnamericas.com/factfile_detail.jsp?idioma=I&documento=14035 MBR, Minerações Brasileiras Reunidas S.A., Company Profiles]] mining in 2005 over 50 million tonnes of iron ore[[http://www.secinfo.com/$/SEC/Filing.asp?D=svr4.v6Qc SEC Info – Companhia Vale do Rio Doce, et al. – 20-F – For 12/31/05]] or around 25% of Brazilian production.[[http://www.sinferbase.com.br/relatorios.php SINFERBASE – Sindicato Nacional da Indústria da Extração do Ferro e Metais Básicos]{{Dead link|date=August 2025 |bot=InternetArchiveBot |fix-attempted=yes }}] right
MBR until Vale acquired 100% of Caemi's capital in 2006 was owned by two companies: Caemi and ''EBM'' (Empreendimentos Brasileiros de Mineração S.A.). Caemi had a 49% stake at MBR while ''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.[http://200.150.146.163/publique/media/DFP%202005.pdf{{Dead link|date=November 2018 |bot=InternetArchiveBot |fix-attempted=yes }}]
''EBM'', besides Caemi had two other investors:
*[Vale](/source/Companhia_Vale_do_Rio_Doce) owned 9.9% of ''EBM'' since 2001, participation which was purchased from [Bethlehem Steel](/source/Bethlehem_Steel)[[http://www.secinfo.com/$/SEC/Filing.asp?D=svr4.325q SEC Info – Companhia Vale do Rio Doce – 20-F/A – For 12/31/00]]
* Japanese investors owned the remaining 20% of ''EBM''[{{Cite web |url=http://www.vale.com/vale_us/cgi/cgilua.exe/sys/start.htm?infoid=1867&sid=450# |title=Vale |access-date=18 December 2007 |archive-url=https://web.archive.org/web/20071215053205/http://www.vale.com/vale_us/cgi/cgilua.exe/sys/start.htm?infoid=1867&sid=450# |archive-date=15 December 2007 |url-status=dead }}] and in this group were included the following companies: [Mitsui](/source/Mitsui),[{{Cite web |url=http://today.reuters.com/news/articleinvesting.aspx?view=PR&symbol=MITSF&storyID=59064+02-May-2007+BW&type=qcna |title=Reuters.com |access-date=18 December 2007 |archive-url=https://web.archive.org/web/20070829213658/http://today.reuters.com/news/articleinvesting.aspx?view=PR |archive-date=29 August 2007 |url-status=dead }}] Nisshin Steel, [Nippon Steel](/source/Nippon_Steel), [Mitsubishi Corporation](/source/Mitsubishi_Corporation), [JFE Steel](/source/JFE_Steel), [Itochu](/source/Itochu), [Sumitomo](/source/Sumitomo) Group, [Marubeni](/source/Marubeni) and [Kobe Steel](/source/Kobe_Steel).[{{Cite web |url=http://www.newscomex.com.br/br/mostra_radar.php?codigo=1298 |title=Portal NewsComex – Logística e Comércio Exterior |access-date=18 December 2007 |archive-url=https://web.archive.org/web/20110706153708/http://www.newscomex.com.br/br/mostra_radar.php?codigo=1298 |archive-date=6 July 2011 |url-status=dead }}]
===Vale acquires MBR===
After [Vale](/source/Companhia_Vale_do_Rio_Doce) bought 100% of Caemi, Vale's stake at MBR reached 89.8%, that's because Vale became the owner of Caemi's 84.75% stake at MBR and Vale already indirectly owned 5.05% of MBR through its 9.9% stake at ''EBM''.[[http://www.secinfo.com/$/SEC/Filing.asp?D=sVQx.3k4 SEC Info – Companhia Vale do Rio Doce, et al. – 20-F – For 12/31/01]] then in 2003 [Vale](/source/Companhia_Vale_do_Rio_Doce) purchased [Mitsui](/source/Mitsui)'s participation on Caemi for $426.4 million,[http://www.secinfo.com/svr4.173y{{Dead link|date=November 2018 |bot=InternetArchiveBot |fix-attempted=yes }}] raising [Vale](/source/Companhia_Vale_do_Rio_Doce)'s participation to 60.2% of Caemi's total capital.
Finally on 31 March 2006 [Vale](/source/Companhia_Vale_do_Rio_Doce) purchased the remaining 39.8% of Caemi's capital in a [stock swap](/source/stock_swap) deal worth $2.5 billion.[[http://www.secinfo.com/$/SEC/Filing.asp?D=svr4.u7b2 SEC Info – Companhia Vale do Rio Doce – 20-F – For 12/31/06]] In May the company's shares stopped being negotiated at [Bovespa](/source/Bovespa)