Vale Inco Limite (formerly CVRD Inco) is a wholly owned subsidiary of the Brazilian mining company Vale. It is Vale's nickel mining and metals division and is headquartered in Toronto, Ontario, Canada. It produces nickel, copper, cobalt, platinum, palladium, rhodium, ruthenium, iridium, gold, and silver. Prior to being purchased by Vale it was the world's second largest producer of nickel, and the third largest mining company outside South Africa and Russia of platinum-group metals. It was also a charter member of the 30-stock Dow Jones Industrial Average formed on October 1, 1928.