Bradespar SA is a holding company based in Brazil whose corporate purpose and only business segment is shareholding as a partner or shareholder in other companies. Its holding companies include Millennium Security Holdings, which does business in the British Virgin Islands; and Vale S.A., which produces iron ore, raw materials for the steel and nickel industries, and metals. The company's operating income comes from equity, dividends and interest on equity received from Vale, and interest on redeemable shares received.