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Tuesday, January 24, 2012

Vale lifts force majeure on iron ore shipments

Tuesday, 24 Jan 2012

Vale informed that it is lifting force majeure effective January 23, 2012, on a number of its iron ore sales contracts.

Force majeure was declared on January 11, 2012 following heavy rainfall since mid December 2011 and continuing over the beginning of January in the Brazilian states of Minas Gerais, Rio de Janeiro and EspĂ­rito Santo, that affected the Southern and Southeastern systems.

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