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DewDiligence

05/08/11 7:55 PM

#119658 RE: DewDiligence #119650

[OT]—VALE’s blowout 1Q11 results: #msg-62877175.
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DewDiligence

05/10/11 2:00 PM

#119749 RE: DewDiligence #119650

If anyone here has 5 minutes to spare, listen to VALE’s 1Q11 webcast from 29:10 to 34:16:

http://www.mediatown.com.br/prnewswire/player/index.php/player/modelos/preplayer/index.php?id=521

The speaker, VALE’s head of operations, Eduardo de Salles Bartolomeo, is not especially facile in English, but he makes as clear a case for investing with The Global Demographic Tailwind as you will hear from a corporate executive.