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Re: AARGUS post# 105503

Tuesday, 11/02/2010 6:05:49 PM

Tuesday, November 02, 2010 6:05:49 PM

Post# of 233160
It's also mentioned in a more recent document:

Vale to invest US$ 24 billion in 2011
Rio de Janeiro, October 28, 2010 – Vale S.A. (Vale) announces that its Board of Directors has approved
the investment budget for 2011, involving capital expenditures of US$ 24.0 billion1 dedicated to
sustaining existing operations, research and development (R&D) and project execution.

Link
Look at page 17.