Vale signs new long-term contract with Corus

10/15/2008

Vale announces that it has signed a new long-term contract with Corus UK Ltd (Corus) to supply iron ore to its plants in Europe.

Under this long-term contract, which is one of the largest ever signed between a steel company and an iron ore supplier, Vale will supply approximately 63 million metric tons of iron ore to Corus´s plants over the next five years.

This contract is aligned with Vale´s and Corus´s desire to further strengthen their relationship that started in 1942, the same year of Vale´s foundation. Additionally, it highlights Vale´s unique capability as a long-term reliable supplier of high quality iron ore, given its large-scale operations and excellence.

Vale