Vale's JV adjusts production to market conditions

Rio de Janeiro, November 21, 2008 - Companhia Vale do Rio Doce (Vale) informs that its non-consolidated joint venture Samarco, in which it has a 50% equity stake, will adjust pellet production in accordance to current market conditions.

Samarco, whose nominal production capacity is 21.6 million metric tons of pellets per year, will shut down two thirds of its pellet production from the end of November to mid-January 2009.

The third Samarco's pellet plant, which came on stream in April 2008 and has a nominal capacity of 7.6 million metric tons per year, will continue to operate.

For further information, please contact:

+55-21-3814-4540

Roberto Castello Branco: roberto.castello.branco@vale.com

Alessandra Gadelha: alessandra.gadelha@vale.com

Marcus Thieme: marcus.thieme@vale.com

Patricia Calazans: patricia.calazans@vale.com

Roberta Coutinho: roberta.coutinho@vale.com

Theo Penedo: theo.penedo@vale.com

Tacio Neto: tacio.neto@vale.com

This press release may include declarations that present Vale's expectations in relation to future events or results. All declarations, when based upon future expectations and not on historical facts involve various risks and uncertainties. Vale cannot guarantee that such declarations will come to be correct. These risks and uncertainties include factors related to the following: (a) countries where we operate, mainly Brazil and Canada; (b) global economy; (c) capital markets; (d) iron ore and nickel businesses and their dependence upon the global steel industry, which is cyclical by nature; (e) high degree of global competition in the markets which Vale operates. To obtain further information on factors that may give origin to results different from those forecasted by Vale, please consult the reports filed with the Brazilian Securities and Exchange Commission (CVM), the Autorité des Marchés Financiers (AMF), and with the U.S. Securities and Exchange Commission (SEC), including the most recent Annual Report - Vale Form 20F and 6K forms.

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Publié le 21 novembre 2008 Copyright © 2008 CompanyNews