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: email@example.com Viktor Moszkowicz: firstname.lastname@example.org Carla Albano Miller: email@example.com Andrea Gutman: firstname.lastname@example.org Christian Perlingiere: email@example.com Marcelo Correa: firstname.lastname@example.org Marcio Loures Penna: email@example.com Samantha Pons: firstname.lastname@example.org 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 ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. 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
Vale S.A. : Vale S.A. : Vale declares force majeure on coal shipments in Mozambique
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