VALE ANNOUNCES COMPLETION OF A NEW COLLECTIVE LABOUR AGREEMENT AT OPERATIONS IN INDONESIA

TORONTO, Jan. 21 /CNW/ - Vale today announces that it has finalized negotiations with the Workers Union representing employees at the company's mining and processing operations in Indonesia on a new two-year collective labour agreement.

This marks the 14th labor agreement successfully negotiated between the company's Indonesian operations (PT International Nickel Indonesia Tbk) and the Workers Union. Vale is pleased to have reached this latest agreement without a work stoppage, which provides further evidence of the company's strong commitment to its employees and its willingness and ability to work with the unions who represent them around the globe.

SOURCE Vale Limited

For further information:

Cory McPhee
Vice-President, Corporate Affairs
Vale 
416.361.7669
cory.mcphee@vale.com

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Vale Limited

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