Rio de Janeiro, April 15, 2014 - Vale S.A. (Vale) informs that Banco Nacional do Desenvolvimento Econômico e Social (BNDES) approved a financing contract of R$ 6.2 billion to implement the Carajás Serra Sul S11D and CLN S11D projects. The financing term is ten years and the funds will be disbursed within three years according to the projects' plans.

 

The S11D project consists of development of a mine and processing plant located in the Southern range of Carajás, in the Brazilian state of Pará, with an estimated nominal capacity of 90 million tons per year (Mtpy) of iron ore. The CLN S11D project includes investment in railway and port, increasing the estimated nominal logistics capacity of the Carajás Railway and of Ponta da Madeira maritime terminal to approximately 230 Mtpy.

 

 

 

 

For further information, please contact:

+55-21-3814-4540

Rogerio Nogueira: rogerio.nogueira@vale.com

Viktor Moszkowicz: viktor.moszkowicz@vale.com

Carla Albano Miller: carla.albano@vale.com

Andrea Gutman: andrea.gutman@vale.com

Marcelo Bonança Correa: marcelo.bonanca@vale.com

Marcelo Lobato: marcelo.lobato@vale.com

Marcio Loures Penna: marcio.penna@vale.com

Samantha Pons: samantha.pons@vale.com

                                                                                                                                          

 

This press release may include statements that present Vale's expectations about future events or results. All statements, when based upon expectations about the future and not on historical facts, involve various risks and uncertainties. Vale cannot guarantee that such statements will prove correct. These risks and uncertainties include factors related to the following: (a) the countries where we operate, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM), the French Autorité des Marchés Financiers (AMF), and The Stock Exchange of Hong Kong Limited, and in particular the factors discussed under "Forward-Looking Statements" and "Risk Factors" in Vale's annual report on Form 20-F. 

Vale on financing contract:
http://hugin.info/144918/R/1777505/606754.pdf



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Source: Vale S.A. via Globenewswire

HUG#1777505