HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Tony talking tough

"There goes the friendly country reputation. Now a company can't even shut down to save money. What's the world coming to?"

What's the world coming to when companies feel they don't need to meet their commitments?


Vale made legally binding commitments under the Investment Canada Act at that time that I expect to be fully respected on behalf of the workers.

cs.

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