NEWSLETTER APRIL 2009

1. NEWSLETTER APRIL 2009 EBX INTEND TO OFFER MMX EBX Group announced plans to sell part or total assets of MMX, arm of Group´s iron ore and steel products exploration and production. The reason is due to EBX intention of acting more firmingly into Oil & Gas and Logistics areas. MMX has the Corumba system, composed by ore minings in the Pantanal, a pig iron unity and a forest unity which will supply the energy needs of the whole system. Is is also part of MMX the AVG minings and Minerminas, in the Serra Azul complex, located in the Minas Gerais State, acquired recently. MMX also has other minings in the same State at Bom Sucesso municipality. (01/04-Gazeta Mercantil) VALE WILL INVEST IN ANOTHER RAILWAY Vale´s railway investments in the borders of the States Maranhão, Tocantins, Piauí and Northeastern Mato Grosso will guarantee the increase of competitiveness in these regions. As from June, Vale will comence operating the railway. It is expected to be transported by this so named Ferrovia Norte-Sul railway around 2.1 million tons of grains. In 2008, without the conclusion of this part to Guarai, it was transported 1.8 million tons. It is pointed out that this project has a potential to transport 11.5 million tons until 2015. (07/04-Gazeta OnLine) DREYFUS MAKES A DEAL WITH SANTELISA VALE After several months of negotiations, the French multinational Louis Dreyfus Commodities (LDC) concluded a deal to acquire Santelisa Vale, second in the rank of ethanol and sugar production in Brazil, with capacity to crush around 25 million tons of sugar cane, but with a current processing between 18 to 20 million tons. Santelisa Vale owns the Santa Elisa, Vale do Rosário, MB and Jardest units, located at Ribeirão Preto region (Sao Paulo State), also owns 65% of Continental, in Colômbia (Sao Paulo State). Besides these mills, Santelisa Vale has 50% of Tropical Bioenergia with Maeda Group, built in Edeia (Goiás State) in which the other 50% were acquired by the British Company BP. It is also shareholder of Companhia Nacional de Açúcar e Álcool (CNAA), an ethanol and sugar company, and the Crystalsev trading, one of the top rank in Brazil. LDC Bioenergia has eight Mills in Brazil, processing 20 million tons of sugar cane, producing 1.6 million tons of sugar and 670 million liters of ethanol. LDC Bioenergia owns São Carlos e Cresciumal Mills in São Paulo State. (07/04-O Estado de São Paulo) LLX IS GRANTED WITH ENVIRONMENT LICENSE FOR PORT SUDESTE LLX Terminal Project, located in Itaguaí, which is named Port Sudeste, have been granted with the previous environment license. The area belongs to Rio Dock Co. area and has an area of about 500,000 m². LLX expects to handle 50 million tons of iron ore a year. (14/04-Portos e Navios) DUBAL WILL BE VALE´S PARTNER IN ALUMINA PRODUCTION Dubai Aluminium Company Limited (Dubal), one of the world major alumina producer, concluded a contract with Vale. According to Vale, Dubal will become partner in Vale´s subsidiary, the Companhia de Alumina do Pará (CAP). Due to this, Vale will have 61% of CAP total shares; Hydro Aluminium (Hydro) will have 20%; and Dubal 19%. The initial production capacity of this refinery will be of 1.86 million metric tons a year of alumina, through two lines, 930,000 metric tons each one. The start of operations is expected by the end of 2012. (15/04-Monitor Mercantil)

2. NEWSLETTER APRIL 2009 VALE SOLD OUT ITS SHARES IN USIMINAS Vale sold out all its shares of Usinas Siderúrgicas de Minas Gerais S/A - Usiminas. The corresponding shares were 5.89% of the ordinary stocks and 2.93% of total Usiminas total capital shareholders (Camargo Corrêa, Mitsubishi Corporation, Nippon and Votorantim). The unit price per stock was R$40, in a total of R$ 594.7 million. Now, Vale has no participation in Usiminas capital, not belonging to the controlling Group shareholders anymore. (17/04-Portos e Navios) VALE INAUGURATES TERMINAL IN PIRAPORA Vale, and its controlled company, Ferrovia Centro-Atlântica (FCA), and the local Government has inaugurated the Intermodal Terminal of Pirapora (TIP), Northwestern Minas Gerais. The terminal is part of Vale´s projects for the agrobusiness. Until the end of this year, it is expected to handle 600,000 tons. As from 2013, the terminal shall operate 2.6 million tons of grains per year. (17/04-Portos e Navios) USIMINAS GIVES DISCOUNT OF 30% IN STEEL PLATES Due to the fall of steel products demand, Usiminas is offering a discount of 30% in the steel plates. According to information obtained in the market, the strategy is not linked to Vale´s decision to reduce 20% of the iron ore price, which is the major raw material for steel production. Usiminas strategy is very agressive, as this discount of 30% surpasses the average decrease of the other steel product materials since beginning of this year, which is around 10% to 15%. (27/04-Jornal do Commercio) WILSON, SONSAGÊNCIA Certified ISO 9001:2000 LRQA tramp.matriz@wilsonsons.com.br Av. Rio Branco, 25 / 4th Floor – Centro Rio de Janeiro, RJ, Brazil - 20090-902 Tel: +55 21 3504 4208 Fax: +55 21 3504 4249 www.wilsonsons.com.br PETROBRAS LOOKING FOR PARTNERS IN POTASSIUM Petrobras is looking for partners to return the production of potassium in Brazil, with a mining located Northern Amazonas. Petrobras do not operate in this business since the 80´s, when leased out one of its mining, located in the State of Sergipe (Brazil), to Vale. Petrobras also intends to build a nitrogenized fertilizer factory (ammonia and urea), location to be defined, which will have a production capacity of 1 million tons a year. (29/04- Jornal do Commercio)