Replies to post #2427 on The Rising Influence of Rising Affluence

[DewDiligence]

VALE announces $3B buyback program:

http://sec.gov/Archives/edgar/data/917851/000095012311063514/c19523e6vk.htm

The program runs through 11/25/11. If fully executed, the buyback will decrease the shares outstanding by about 2%. See the pie chart in #msg-61404125 for VALE’s share ownership.