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: Vale projects $20bn
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Vale has announced that it is planning to invest $20bn in mine developments and expansions in 2011.

The company's major investment projects include the Serra Sul mine, linked to the giant Carajas project, which is expected to add an additional 90 million tons of iron ore production per year.

The company is also developing projects in Canada, Africa and China, and has bid on coal assets in Colombia, reports Reuters

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