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DewDiligence

09/07/11 1:56 PM

#3460 RE: DewDiligence #3401

Brazilian mining official forecasts royalty increase 2%-->4%:

http://www.reuters.com/article/2011/09/06/brazil-mining-idUSN1E78514720110906

This is a manageable increase for VALE, but perhaps not for some of the smaller mining companies in Brazil.