Goro project remains on target for late 2008 start-up

    TORONTO, June 13 /CNW/ - CVRD Inco announced today that contrary to
published reports, its Goro nickel project on the French Pacific island of New
Caledonia remains on schedule to begin commissioning and production in the
fourth quarter of 2008.
    Some wire services earlier today erroneously reported a delay in the
start-up timetable that had been made public by the Company in April of this
year. In fact, the schedule for developing the Goro property that was
announced in April remains unchanged.
    Onça Puma, the Company's nickel development project in Brazil, remains on
schedule to start production in late 2008 as well.

    CVRD Inco, a wholly-owned subsidiary of Companhia Vale do Rio Doce, is
the world's leading producer of nickel and an important supplier of copper,
cobalt and precious metals.

For further information:

For further information: Cory McPhee at (416) 361-7669

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