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Vale S.A. — Capital/Financing Update 2012
Sep 4, 2012
30050_iss_2012-09-04_8aedb6b6-2f96-46b9-acfe-1ff494eb8f49.pdf
Capital/Financing Update
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VALE
Press Release
Vale updates on CFEM
Rio de Janeiro, September 4, 2012 – Vale S.A. (Vale) informs that it has considered as probable the loss related to the deductibility of transportation expenditures in arriving at the amount upon which the Compensação Financeira pela Exploração de Recursos Minerais (CFEM) is calculated. Consequently, we will recognize a provision of R$ 1.1 billion, which will add to the amount previously provisioned, R$ 314 million, present in our financial statements as of June 30, 2012.
For further information, please contact: +55-21-3814-4540 Roberto Castello Branco: [email protected] Viktor Moszkowicz: [email protected] Carla Albano Miller: [email protected] Andrea Gutman: [email protected] Christian Perlingiere: [email protected] Marcio Loures Penna: [email protected] Rafael Rondinelli: [email protected] Samantha Pons: [email protected]
This press release may include statements that present Vale's expectations about future events or results. All statements, when based upon expectations about the future and not on historical facts, involve various risks and uncertainties. Vale cannot guarantee that such statements will prove correct. These risks and uncertainties include factors related to the following: (a) the countries where we operate, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM), the French Autorité des Marchés Financiers (AMF), and The Stock Exchange of Hong Kong Limited, and in particular the factors discussed under "Forward-Looking Statements" and "Risk Factors" in Vale's annual report on Form 20-F.