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Vale S.A. : Vale S.A. : Vale declares force majeure on coal shipments in Mozambique



   Vale S.A. : Vale S.A. : Vale declares force majeure on coal shipments in
                                  Mozambique

  Vale declares force majeure on coal shipments in Mozambique

 

Rio de Janeiro,  February 18,  2013 -  Vale S.A.  (Vale) informs  that it  has 
declared force  majeure  (FM) on  a  number of  its  coal sales  contracts  on 
February 15, 2013. We are communicating  with customers as required under  our 
agreements with them.

 

High rainfall since early February 2013 and continuing over the last few  days 
in Tete,  Mozambique, has  created serious  challenges to  the Linha  do  Sena 
railway, thus impacting the  transportation of our coal  products. So far,  we 
estimate a loss  of approximately  250,000 metric tons  in metallurgical  coal 
shipments.

Caminhos de Ferro Moçambique  (CFM), owner of  Serra-Beira railway, is  taking 
all the necessary measures to restore the railway traffic and the situation is
expected to be normalized by the end of this month.

We will disclose further information related to the evolution of these  events 
until the situation has been normalized.

 

 

                                                                              

                                      For further information, please contact:

                                                              +55-21-3814-4540

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

                                 Viktor Moszkowicz: viktor.moszkowicz@vale.com

                                    Carla Albano Miller: carla.albano@vale.com

                                         Andrea Gutman: andrea.gutman@vale.com

                         Christian Perlingiere: christian.perlingiere@vale.com

                                      Marcelo Correa : marcelo.correa@vale.com

                                    Marcio Loures Penna: marcio.penna@vale.com

                                         Samantha Pons: samantha.pons@vale.com

                                                                              

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 declares force majeure on coal shipments in Mozambique

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The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
the
information contained therein.

Source: Vale S.A. via Thomson Reuters ONE
HUG#1679162
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