Sept_2008Sept_2008

2

Vale

Vale is a pioneering mining company that works with passion, transforming mineral resources into essential components of people’s day to day lives.

Vale prides itself in being part of the lives of millions of people all over the world.

The results of our work can be seen all around us: in automobiles, mobile telephones, domestic appliances, civil construction and even as part of the components in television sets and computers.

Vale is a pioneering mining company that works with passion, transforming mineral resources into essential components of people’s day to day lives.

Vale prides itself in being part of the lives of millions of people all over the world.

The results of our work can be seen all around us: in automobiles, mobile telephones, domestic appliances, civil construction and even as part of the components in television sets and computers.

3

Non-Exhaustive

Non-Exhaustive

Vale - Operations Vale - Commercial

ValeSamarcoItabrascoKobrascoNibrascoHispanobrásTVVValesul

Urucum

AlbrásAlunorteCADAMMRNPPSAFerro Gusa Carajás

MBRFCARDM

RDMN

RDME

RD Asia Tokyo

Docenave Arg.

RD Asia Shanghai

CVRD Australia

RD India

CVRDI

Recent acquisitions accelerated Vale’s internationalization Recent acquisitions accelerated Vale’s internationalization process – a transition from an Iron Ore exporter…process – a transition from an Iron Ore exporter…

4

Non-Exhaustive

Non-Exhaustive

Vale - Operations Vale Inco – Operations Vale Inco – Commercial Exploration / ProjectVale

ValeSamarcoItabrascoKobrascoNibrascoHispanobrásTVV

Vale

AlbrásAlunorteCADAM/ PPSAMRNFerro Gusa CarajásVale

FCAVale

Vale

Vale

Vale

Vale.

Vale

Vale

Vale

Vale

Bayovar

Vale

Vale

Vale

Vale

Vale

Vale

Vale

YankuangLongyu

Belvedere

Goro

Vale

… … to a truly global diversified mining companyto a truly global diversified mining company

Coal

Vale Inco

5

Over the last years, Vale became one of the biggest Over the last years, Vale became one of the biggest companies in the world …companies in the world …

20022003

2004

2005

2006

March, 2007

February 29, 2008

Position among the 500

largest companies in the

world (by market cap)

Source: Financial Times – FT 500 & Bloomberg

500 400 300 200 100 1

24

74

117

153

275

334446

Ranking

6

102,2

144,7

295,9

BHPB

Rio Tinto

Vale

Vale is the uncontested leader of the Vale is the uncontested leader of the global iron ore market…global iron ore market…

Iron ore production – 2007

million metric tons

1 P&P reserves, 2006Source: Vale and AME Mineral Economics

Iron ore reserves¹

million metric tons

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… … and the second largest nickel producerand the second largest nickel producer

172,8

247,9

295,2

BHPB

Vale

Norilsk

Nickel production – 2007

‘000 metric tons

Nickel reserves¹

million metric tons of contained nickel

¹ P&P reserves, 2006Source: Vale and AME Mineral Economics

8

Our identity…Our identity…

9

Our mission is to transform Our mission is to transform

mineral resources into prosperity mineral resources into prosperity

and sustainable development …and sustainable development …

…… To the company’s shareholders...To the company’s shareholders...

…… To the company’s customers...To the company’s customers...

…… To the company’s employees…To the company’s employees…

…… To the company’s suppliers…To the company’s suppliers…

…… To the communities and countries…To the communities and countries…

…… To all countries where the company To all countries where the company

operates, Vales aims to improve the operates, Vales aims to improve the

populations’ standard of living and populations’ standard of living and

boost development through the generation boost development through the generation

of employment opportunities.of employment opportunities.

Our values

Prioritizing Life and Safety: Safety is always on our mind.

Economic, Social and Environmental Responsibility.

Ethics and Transparency.

Excellence in Performance.

Entrepreneurship.

Respect for Diversity.

Proud to “Be Vale”:  Our pride in our company is the result of all our values.We share and celebrate the fruits of our labour. We are proud to build something that will make a difference. This is why we are proud to be Vale.

Our vision is to be the largest mining company in the world, and to surpass the established standards of excellence in research, development, project implementation and business operations

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People: People:

the “biggest the “biggest challenge”challenge”

People: People:

the “biggest the “biggest challenge”challenge”

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People: the “biggest challenge”People: the “biggest challenge”

Global mining companies are facing important issues regarding people attraction

Increased people demand over the last years

Large amount of projects for the upcoming years

Lack of skilled people

Vale has presence over more than 30 countries, with a huge volume of projects at the pipeline and more than 115K employments on worldwide basis (Dec-07)

According to our HR workforce planning, Vale will generate 7,000 new job positions in 2008 and the estimated worldwide demand for next five years is about 30K employees

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People: the “biggest challenge”People: the “biggest challenge”

In this context, there are some key challenges regarding people

Attract and retain talented people in this very demanding and competitive market

Develop people, through transformational leadership and technical qualification, in order to address future business needs

Create global career opportunities for talented people

Guarantee competitiveness in terms of total compensation package

Motivate and engage employees to accomplish strategic objectives

MissionMissionMissionMission““Attract, develop and retain Attract, develop and retain

the best talented and the best talented and competent professionals to competent professionals to

construct ‘Vale of the future’”construct ‘Vale of the future’”

VisionVisionVisionVision““A company that develops A company that develops great people; great people; People that build a great People that build a great

company”company”

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People: the “biggest challenge”People: the “biggest challenge”

MissionMissionMissionMission““Attract, develop and retain Attract, develop and retain

the best talented and the best talented and competent professionals to competent professionals to

construct ‘Vale of the future’”construct ‘Vale of the future’”

VisionVisionVisionVision““A company that develops A company that develops great people; great people; People that build a great People that build a great

company”company”

SKILLED PEOPLESKILLED PEOPLE

On time On time

In different and remote areasIn different and remote areas

Engaged and productiveEngaged and productive

OBRIGADO!OBRIGADO!