Vale approves consolidation of two subsidiaries
Rio de Janeiro, December 17, 2009 – Vale S.A. (Vale) informs that the proposals of merger of Vale’s wholly-owned subsidiaries Sociedade Mineração Estrela do Apolo S.A. and Mineração Vale Corumbá S.A. were approved by our Board of Directors today.
The consolidation will contribute to simplify the corporate structure, improve resource allocation and cost reduction.
Therefore, the proposal will be submitted to the approval of Vale’s shareholders at a meeting to be announced opportunely.
+55-21-3814-4540
Roberto Castello Branco:roberto.castello.branco@vale.com
Viktor Moszkowicz:viktor.moszkowicz@vale.com
Patricia Calazans:patricia.calazans@vale.com
Samantha Pons:samantha.pons@vale.com
Theo Penedo:theo.penedo@vale.com
News Source : Vale approves consolidation of two subsidiaries
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