November, 2010

1. November, 2010 Vale Worldwide 1Q12

2. Who we are • Vale is a pioneering mining company that transforms natural resources into essential ingredients for people’s daily lives • The world’s second-largest mining company by market capitalization • The world’s largest producer of iron ore and pellets and the world’s second largest producer of nickel. We also produce copper, manganese, ferroalloys, thermal and coking coal, potash, bauxite, alumina, aluminum, cobalt, platinum group metals. • Vale has offices and operations in 37 countries • Social and environmental responsibility is a strategic commitment. In 2012, social and environmental investments are estimated at US$ 1.648 billion

3. Our history • Created by the Brazilian federal government on 1 June 1942, with its operations restricted to Minas Gerais State • In its first year, it produced 40,000 tons of iron ore, equivalent to what Vale currently ships per hour • Privatized on 6 May 1997 • Net profit in 1997: US$350 million • Market value in 1997: US$10.5 billion • Employees in 1997: 11,000 (direct) • In August 1997, Vale achieved an export record of 7.793 million tons

4. Nickel • Our main nickel operations are conducted in Canada, Indonesia and New Caledonia • We also own and operate nickel refineries in the United Kingdom, Japan, Taiwan, South Korea and China • The Inco acquisition in 2006 was the largest ever made by a Brazilian company abroad • As a result, Vale became one of the world’s largest nickel producers

5. Our business areas • Mining: • Ferrous: iron ore and pellets, manganese and ferroalloys • Non-ferrous: nickel, copper, kaolin • Logistics: • Railways, port terminals, coastal navigation and logistical solutions • Energy: • Nine hydroelectric power plants, of which seven are already operating • Fertilizers: • Potash, phosphate, nitrogen and others. • Coal: • Thermal and metallurgical coal

6. Where we are present Headquartered in Brazil, Vale employs more than 139,000 people across the world * As of june/2012

7. 2002 2005 2007 2011 2010 2012 2006 2008 2009 Vale delivered 39 projects between 2002 and 2012 Concluded projects Carajás 20 Mtpa TKCSA Bayóvar Tres Valles Omã Carajás 85 Mtpa Capim Branco I Alunorte 4&5 Brucutu Samarco III Zhuhai Corredor Norte Paragominas II Fazendão Alunorte 6&7 Dalian UHC Capão Xavier Pier III PDM Candonga Sossego Funil São Luís Salobo 2004 2003 Aimorés Taquari-Vassouras Fábrica Nova Capim Branco II Paragominas I Carajás 100 Mtpa Itabiritos Mo I Rana Alunorte 3 Carajás 70 Mtpa Trombetas Onça Puma Moatize Estreito Karebbe .

8. + 0.4% Iron ore production million tons USGAAP Under US GAAP, Vale consolidates the total production volumes of companies in which it has more than 50% of the voting capital and effective control

9. Highlights of 2Q12 financial results in US GAAP

10. + 3.2% Iron ore and pellet sales Million metric tons

11. + 7.6% Embracing structural transformation: a new marketing policy for iron ore boosted our sales to China Iron ore sales to China million metric tons

12. Revenue evolution Operating revenue in US$ million In 2Q12, Vale’s operating revenue totaled US$ 12.2 billion * PRO FORMA

13. Operating revenue breakdown in 2Q12 Iron ore and pellets represent a major part of the company’s operating revenue

14. Net profit US$ billion In 2Q12, net earnings totaled US$ 2.7 billion * PRO FORMA ** Including extraordinary non-cash charges derived from goodwill impairment

15. Investment plan

16. More than US$ 98 billion in the last 7 years1 Investment US$ billion 2 1 Includes acquisitions 2 Excludes acquisitions

17. Main projects • Carajás, Additional 40 Mtpy, Pará state, northern Brazil • The former Carajas additional 30 Mtpy project was enlarged to 40 Mtpy. Installation license (LI) was issued. Civil engineering work and electromechanical pre-assembly continue in progress.Continue executing earthworks services to install the conveyor belt. Earthwork services for stockyard were completed. Start-up estimated for 2H13. • Carajás Serra Sul S11D • Located on the Southern range of Carajás, this project will have a capacity of 90 Mtpy, using a truckless mining operation. Finalized the earthworks for the construction of the access road, initiated paving. Receiving equipment for the truckless mining system and materials for the conveyor belts. Initiated off-site assembly of modules. Preliminary environmental license (LP) issued. Issuance of installation license (LI) expected for 1H13.Start-up estimated for 2H16. • Simandou I - Zogota • Development of the Zogota mine and processing plant in Simandou South, Guinea. Estimated nominal capacity of 15 Mtpy. Initial production phase with the mobile crushing equipment expected to start in 2H12, with estimated capacity of 2 Mtpy. • Moatize II • New pit and duplication of the Moatize CHPP, as well as all related infrastructure, located in Tete, Mozambique. Nominal capacity of 11 Mtpy. No pending installation licenses (LI). Ongoing earthworks for the new CHPP and main access road.Start-up estimated for 2H14.

18. Main projects Salobo, Pará state, northern Brazil • Project with a production capacity of 100,000 metric tons of copper in concentrate. Two lines of production running since June 2012. Start-up of the initial line expected for 1H12. Salobo II • The project will expand the Salobo mine annual production capacity from 100,000 to 200,000 metric tons of copper in concentrate. Civil engineering and electromechanical assembly of equipment in progress. Plant operation license (LO) issuance expected for 1H14. Start-up estimated for 1H14. Nacala Corridor • Railway and port infrastructure connecting Moatize site to the Nacala-à-Velha maritime terminal, located in Nacala,Mozambique. Estimated nominal capacity of 18 Mtpy.Signing of the concession agreement with the government of Mozambique for the greenfield railway segments connecting Moatize to the border of Malawi, and linking the existing railway to Nacala-à-Velha, and also of the concession agreement for Nacala-à-Velha coal maritime terminal, in Mozambique. Earthwork services initiated in Malawi.Start-up estimated for 2H14. Konkola North • Development of underground mine, plant and related infrastructure, located in the Zambian Copperbelt. Vale holds 50% of the joint venture that controls the project. Estimated nominal capacity of 45,000 tpy of copper in concentrate. Civil engineering works were concluded. Electromechanical assembly of all the equipment on site is almost concluded. Environmental license was issued.Environmental license expected for 1H12. Start-up estimated for 2H12.

19. Main projects • Teluk Rubiah • Construction of a maritime terminal with enough depth for the 400,000 dwt vessels and a stockyard. Located in Teluk Rubiah, Malaysia. Stockyard capable of handling up to 30 Mtpy of iron ore products. Civil engineering work on the auxiliary jetty was concluded, while the main jetty construction is ongoing. Earthworks in progress at the stockyard. Preliminary environmental license, construction and installation license issued. Issuance of operation license expected for 1H14. Start-up estimated for 1H14. • Serra Leste • Construction of new processing plant, located in Carajás, Pará, Brazil. Estimated nominal capacity of 6 Mtpy. Civil engineering work for the plant concluded. Assembly of metal structures and primary crusher equipment.Issuance of installation licenses (LI) expected for the 2H12. Start-up estimated for 1H13. • Eagle Downs • New underground mine development including long wall, CHPP, as well as all related infrastructure, located in the Bowen Basin, central Queensland, Australia. Vale holds 50% of the joint venture which owns Eagle Downs. Estimated nominal capacity of 4 Mtpy (100% coking coal). Environmental license and mining lease already obtained. Project in early stage of development.Start-up estimated for 1H16.

20. Vale is investing to promote the Brazilian steel industry ThyssenKrupp CSA (joint venture between Vale and Thyssen Krupp); in operation Capacity: 5.0 million tpy of steel slabs CSP (partnership between Vale, Dongkuk Steeland Posco) • Development of a steel slab plant in Ceará state with estimated nominal capacity of 3.0 Mtpy. The project implementation started in December 2011. Earthworks initiated on site.Preliminary environmental license (LP) and installation license (LI) were obtained. Start-up estimated for 1H15. • Alpa (Aços Laminados do Pará Capacity : 2.5million tpy of steel products CSU (Companhia Siderúrgica Ubu) • Capacity: 5.0 million tpy of steel slabs

21. Fertilizers • Vale operates the only potash mine in Brazil: Taquari-Vassouras, in the state of Sergipe, with a production capacity of 850,000 tpy • In January 2010, Vale acquired fertilizer assets in Brazil • n addition, Vale has a project pipeline which includes Carnalita, near Taquari-Vassouras; Rio Colorado and Neuquén, in Argentina; and Kronau, in Canada. • The Rio Colorado project includes the development of a mine with nominal capacity of 4.3 Mtpy of potash. The hiring process for the offshore civil work in the port was finalized. Environmental licenses for the construction of the new railway and agreements with four Argentinean provinces have been obtained. Start-up estimated for 2H14. • With a nominal production capacity of 3.9 Mty of phosphate rock, the Bayóvar phosphate mine in Peru started operations in July 2010.

22. Fertilizers • Rapid per capita income growth of emerging economies ultimately boosting the consumption of crop nutrients. • Rising output of biofuels as a source of non-climate changing energy. • Emerging Asia and Brazil are the main sources of continued global demand growth for fertilizers. • Brazil is an agricultural powerhouse with high growth potential. • Large area for the expansion of the agricultural frontier. • Significant availability of water supply.

23. Social

24. Social responsibility • In 2Q12, Vale invested US$ 73.5 million in social projects • Vale demonstrates its commitment to social responsibility all over the world in various ways: • Job creation and economic growth: commitment to hire and train local workforce • Educational and cultural programs • Social investment activities • Fundação Vale is Vale’s social institution • Fundação Vale works in communities where the company operates in order to contribute to integrated economic, environmental and social development, strengthening social capital and respecting local cultural identity Fundação Vale works in three areas: Infrastructure, Public Management and Human and Economic development (Estações Conhecimento)

25. Main public management programs

26. ‘Estações Conhecimento’ feature the following programs:

27. Employment

28. Environment

29. Environment • In 2Q12, Vale invested US$ 219.2 billion in environmental protection and conservation. • First mining company in the world to have a 100% balanced ratio between impacted areas and recovering areas • Top-rated mining company in terms of carbon emissions per revenue generated, among the 500 biggest companies listed on the New York Stock Exchange • Vale protects approximately 10,602 sq km of natural areas, including owned sites (4%), • leased areas (3%) and official conservation units protected in partnership with local • governments (93%). The areas protected by Vale include regions in the biomes Amazon • Rainforest (82%), Boreal Forests (<1%), Atlantic Forest (5%) and Wallacea (12%), as • well as areas in New Caledonia, and properties located in the transition region • between the Atlantic Forest and Cerrado (1%)

30. Vale Natural Reserve Covering around 218 km2, the Vale Natural Reserve, Espírito Santo State, protects 2,389 species of wildlife and 2,625 species of plant life. Since the reserve was created in the 1970s, 96 new species of plant have been discovered

31. Carajás mining complex In Carajás, Pará State, where Vale operates the biggest open pit mine in the world, the company helps to protect around 8,000 km2 of native forest in five conservation units (Carajás, Tapirapé-Aquiri, Itacaiúnas, Tapirapé and Igarapé Gelado).