Vale signs investment agreement

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Rio de Janeiro, October 14, 2009 – Vale S.A. (Vale) signed today an investment agreement with the state of Minas Gerais, Brazil.

In the agreement, Vale unveils the projects it plans to develop to expand its production capacity in the Minas Gerais state in order to meet the growing global iron ore demand. These projects are Apolo, Conceição Itabiritos and Vargem Grande, whose investments are estimated at approximately R$ 9.5 billion and are subject to approval by Vale’s Board of Directors.

For further information, please contact:
+55-21-3814-4540


Roberto Castello Branco:roberto.castello.branco@vale.com


Alessandra Gadelha:alessandra.gadelha@vale.com


Patricia Calazans:patricia.calazans@vale.com


Theo Penedo:theo.penedo@vale.com


Tacio Neto:tacio.neto@vale.com





This press release may include declarations about Vale's expectations regarding future events or results. All declarations based upon future expectations, rather than historical facts, are subject to various risks and uncertainties. Vale cannot guarantee that such declarations will prove to be correct. These risks and uncertainties include factors related to the following: (a) the countries where Vale operates, mainly Brazil and Canada; (b) the global economy; (c) capital markets; (d) the mining and metals businesses and their dependence upon global industrial production, which is cyclical by nature; and (e) the high degree of global competition in the markets in which Vale operates. To obtain further information on factors that may give rise to results different from those forecast by Vale, please consult the reports filed with the Brazilian Comissão de Valores Mobiliários (CVM), the French Autorité des Marchés Financiers (AMF), and with the U.S. Securities and Exchange Commission (SEC), including Vale’s most recent Annual Report on Form 20F and its reports on Form 6K.

News Source : Vale signs investment agreement


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