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Vale S.A. — Regulatory Filings 2012
Jun 1, 2012
30050_iss_2012-06-01_2b493758-81a4-4aa6-b122-0275e6eaf3af.pdf
Regulatory Filings
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VALE
Press Release
Vale declares force majeure at Carborough Downs
Rio de Janeiro, May 31, 2012 – Vale S.A. (Vale) informs that Carborough Downs, one of its metallurgical coal operations in the Central Bowen Basin, Queensland, Australia, has declared force majeure (FM), effective today. We have communicated with the customers and related suppliers as required under our agreements with them.
FM was declared following the detection of abnormal levels of carbon monoxide in the mine and a subsequent directive from the Queensland State Inspectorate for Mines on May 29 to conduct an orderly withdrawal of personnel from the mine. No employees have been affected and no environmental damage has occurred during this process.
It is estimated that roughly 7,700 metric tons of run-of-mine coal output has been impacted since withdrawal of personnel took place on May 29. In the first quarter of 2012, Carborough Downs produced 325,000 metric tons of metallurgical coal.
Vale is working closely with the Queensland State Inspectorate for Mines to safely re-commence mining operations as quickly as possible.
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] Samantha Pons: [email protected] Thomaz Freire: [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.