HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Re: The World has Changed - Vale....... Union Bash?

RE:Union Bashing

Thanks Pete for presenting your case in such a professional non confrontational manner. I too respect your opinion.

Two interesting perspectives that I think are self defeating and unattainable in the long run

First... unions expect to get IMPROVEMENTS with every set of negotiations.

Second...company management are judged on increasing profits year after year. (without regard for long term profitability).

But this is our system.

SN

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