VALE : S.A. : Vale suspends force majeure on iron ore shipments

Rio de Janeiro, January 6, 2014 - Vale S.A. (Vale) informs that it suspended force majeure (FM) on a number of its iron ore sales contracts effective as of today, January 6^th, 2014.  FM was declared on December 27^th, 2013, as a result of the weather conditions that impacted operations and shipments in the Southeastern System, especially in the state of Espírito Santo. Vale managed to limit the impact on iron ore shipments to 2.5 million metric tons (Mt) from the original estimate of 3 to 4 Mt in December of 2013, of which up to 1.3 Mt can be potentially recovered in the first quarter of 2014.

 

 

 

 

For further information, please contact:

[phone]

Rogerio Nogueira: [e-mail]

Viktor Moszkowicz: [e-mail]

Carla Albano Miller: [e-mail]

Andrea Gutman: [e-mail]:
mailto:[e-mail]

Marcelo Bonança Correa: [e-mail]

Marcelo Lobato: [e-mail]

Marcio Loures Penna: [e-mail]

Samantha Pons: [e-mail]

 

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. 

Vale suspends force majeure on iron ore shipments:
http://hugin.info/144918/R/1756386/593142.pdf

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Source: Vale S.A. via Globenewswire

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