Vale adjusts nickel production to global demand



    TORONTO, April 16 /CNW/ - Vale announces that it has taken further steps
to adjust its nickel production to the evolution of global demand. In light of
a global recessionary environment, Vale retains the option of managing
production and project execution according to its assessment of market
conditions.
    Consistent with this guideline, we decided to slowdown the conclusion of
the Onça Puma nickel project, state of Para, Brazil, previously scheduled to
come on stream in January 2010, with a nominal capacity of 58,000 metric tons
of nickel in ferronickel. Given that an environmental permit is still pending,
the start-up of Onça Puma will be postponed by at least one year.
    Vale is shutting down for a period of eight weeks - from June 1 to July
27 - its nickel mining and processing facilities at Sudbury, province of
Ontario, Canada. The shutdown will follow a previously planned normal
maintenance period at the Sudbury plants during May. In addition, our
processing facilities of precious metals - a by-product of nickel mining in
Sudbury - at Port Colborne, Ontario, will also be shutdown from June 1 to July
27, 2009.

    Sudbury is one of the largest nickel producing sites in the world and
last year its mines provided the feed for the production of 85,300 metric tons
of finished nickel, 31% of Vale's output.





For further information:

For further information: Vale Press Office - Tel: 55 21 3814-4360;
Fernando Thompson (Chief Press Officer), Cel: 55 21 8802-9021; In Canada, Cory
Mcphee, Tel: (416) 361-7669, cory.mcphee@valeinco.com,
www.vale.com/pressoffice

Organization Profile

VALE LIMITED

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890