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: Stable outlook for base metals in 2010
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Sudbury, I have heard that as well. It is going to be interesting to see what happens. It is hard to imagine that they can get the whole thing up and operating; including mill, smelter, acid plant and refinery. If they manage then that will for sure have huge implications for the union and the whole business, not only for Vale but also for other companies

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