Vale employees ratify Offer of Settlement

TORONTO, Sept. 16, 2011 /CNW/ - Vale's Manitoba Operations is pleased to announce that USW Local 6166 members have voted 87.8% in favour of accepting the Company's Offer of Settlement for a new three-year collective bargaining agreement.

The ratification vote took place yesterday, September 15.

Vale presented the Offer to the USW negotiating team in the early hours of Monday, September 12. The USW negotiating team unanimously recommended the Offer when they presented it to employees later that day.

"This is a great day for our Manitoba Operations and for Vale in Canada," said John Pollesel, Chief Operating Officer for Vale's North Atlantic region. "We are very pleased to have a new agreement in place that our employees support - this result is good for the entire community of Thompson and bodes well for the sustainability of our operations in Manitoba."

The negotiations process was respectful throughout, and both teams worked hard to achieve this agreement. This is the fourth consecutive labour agreement achieved without a labour disruption at the Manitoba Operations in Thompson since 1999.

SOURCE Vale Limited

For further information:

Cory McPhee
Vice President, Corporate Affairs
Vale
416-361-7669
cory.mcphee@vale.com

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