AI assistant
Vale S.A. — M&A Activity 2012
Oct 4, 2012
30050_tar_2012-10-04_a77fecda-e441-4b3f-b2ef-51d5b8a2c6dc.pdf
M&A Activity
Open in viewerOpens in your device viewer
Press Release
==> picture [118 x 56] intentionally omitted <==
==> picture [448 x 36] intentionally omitted <==
Vale adjusts pellet production
Rio de Janeiro, October 04, 2012 - Vale S.A. (Vale) informs that an additional portion of its iron ore production will be allocated to increase the supply of sinter feed, consequently reducing the availability of pellet feed for the pelletizing process. This adjustment stems from the change in the composition of steel industry demand for raw materials throughout the cycle, where there is a contraction in pellet consumption in favor of greater use of sinter feed.
Due to these cyclical movements, Vale will temporarily halt operations at the São Luís and Tubarão I and II pellet plants, starting from October 8 and November 13, 2012, respectively. The aforementioned plants were responsible for the production of 4.926 million metric tons of pellets during the first half of 2012, accounting for 18.3% of Vale’s total. Employees at these plants will be reassigned to other operational activities at Vale.
Vale continues to invest in the execution of its iron ore and pellets growth pipeline, remaining confident in the long-term iron ore market fundamentals and, above all, in the high competitiveness of its world-class assets.
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.