United States
Securities and Exchange Commission

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the
Securities Exchange Act of 1934

Vale S.A.

Avenida Graça Aranha, No. 26
20030-900 Rio de Janeiro, RJ, Brazil
(Address of principal executive office)

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

(Check One) Form 20-F þ     Form 40-F o

(Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1))

(Check One) Yes o     No þ

(Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7))

(Check One) Yes o No þ

(Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)

(Check One) Yes o     No þ

(If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b). 82-   .)

 

 

Press Release

Vale — 1Q10 Production Report

MOVING AHEAD

Rio de Janeiro, May 5, 2010 — Vale S.A. (Vale) had a good operational performance in 1Q10, marked by an increasing production of our most important products to meet the rapid recovery of the global demand for minerals and metals. Simultaneously, a low-cost iron ore brownfield project at Carajás came on stream and we continue to take the steps to deliver this year six greenfield projects in several segments of the metals and mining industry.

In the transition to full capacity operation, in 1Q10 two Southern System iron ore mines — Jangada and Mar Azul — resumed production as well as the Fábrica and São Luis pellet plants, while nickel production is being gradually resumed at Sudbury and Voisey Bay.

FERROUS MINERALS

•

Iron ore

														% Change				% Change
000’ metric tons		1Q09				4Q09				1Q10				1Q10/4Q09				1Q10/1Q09
IRON ORE			48,334				63,443				69,059				8.9	%			42.9	%
Southeastern System			16,625				25,237				26,158				3.6	%			57.3	%
Itabira			5,983				8,009				7,907				-1.3	%			32.2	%
Mariana			6,204				7,921				8,255				4.2	%			33.1	%
Minas Centrais			4,438				8,624				9,156				6.2	%			106.3	%
Corumbá			—				423				552				30.4	%			n.a.
Urucum			—				260				287				10.6	%			n.a.
Southern System			9,851				14,599				16,423				12.5	%			66.7	%
Minas Itabirito			2,474				5,241				6,473				23.5	%			161.6	%
Vargem Grande			4,134				5,234				5,179				-1.1	%			25.3	%
Paraopeba			3,243				4,124				4,772				15.7	%			47.1	%
Carajás			20,277				20,940				23,871				14.0	%			17.7	%
Samarco			1,581				2,667				2,606				-2.3	%			64.9	%

Our iron ore production rose to 69.1 Mt¹ in 1Q10, an 8.9% quarter-on-quarter and 42.9% year-on-year increase. Due to the rainy season in Brazil, from where all our iron ore output is sourced, the first quarter pace of production is seasonally weak, being in general the weakest quarter of the year.

At Carajás, iron ore output was 23.9 Mt in 1Q10 rising 14.0% over 4Q09. The high-quality low-cost Carajás iron ore represented 34.6% of our total production.

Carajás Additional 20 Mtpy² started up on the 31^st of March, 2010. This project was originally conceived to add only 10 Mt to the existing capacity. However, due to some debottlenecking and productivity gains it became feasible to duplicate its capacity without increasing the average cost per metric ton, which remained slightly below US$29, much lower than the industry capex cost for new iron ore projects. It is fundamentally comprised of five conveyor belts, eight dry screening systems in two beneficiation plants, two power substations and the repotentializing of three transporters.

In addition to its low capex cost, Additional 20 Mtpy will contribute to reduce operational costs and is an environmental friendly project as it will take trucks out of circulation, creating savings of 6.6 million liters of diesel oil per year, minimizing CO² emissions.

The focus on Carajás is an important move towards bolstering value creation, given the lower operational costs and the price premium over other iron ores arising from its superior value-in-use to the steel industry.

The Southeastern System, which encompasses the Itabira, Mariana, Minas Centrais, Corumbá and Urucum iron ore mining sites, produced 26.2 Mt in the first quarter of 2010, an increase of 3.6% over 4Q09.

The Southern System — Minas Itabirito, Vargem Grande and Paraopeba — produced 16.4 Mt in 1Q10, 12.5% above the figures for 4Q09. Production from the Paraopeba complex was positively influenced mainly by the Mar Azul and Jangada mines, which resumed operations in 1Q10.

•

Pellets

														% Change				% Change
000’ metric tons		1Q09				4Q09				1Q10				1Q10/4Q09				1Q10/1Q09
PELLETS			2,885				8,750				10,492				19.9	%			263.7	%
Tubarão I and II			510				783				1,315				68.0	%			157.7	%
Fábrica			235				—				679				n.a.				188.9	%
São Luís			3				—				295				n.a.				n.a.
Vargem Grande			4				1,125				1,247				10.9	%			n.a.
Nibrasco			96				2,150				1,996				-7.2	%			n.m.
Kobrasco			889				764				1,186				55.2	%			33.5	%
Hispanobras			—				452				438				-3.0	%			n.a.
Itabrasco			—				815				831				1.9	%			n.a.
Samarco			1,148				2,662				2,504				-5.9	%			118.1	%

Pellet production reached 10.5 Mt in 1Q10, up 19.9% and 263.7% compared to the levels of the 4Q09 and 1Q09, respectively. Fábrica resumed operations in February while São Luis was re-started in early March. Currently, all the seven Tubarão plants, Vargem Grande, São Luís and Fábrica are operating, totaling a nominal capacity of 48.0 Mtpy³. The three pellet plants of our 50%-owned affiliate Samarco are also operating, with a nominal capacity of 21.0 Mtpy⁴.

In 1Q10, 7.1 Mt of blast furnace pellets were produced, and 3.4 Mt of direct reduction pellets.

Vargem Grande, whose nominal capacity is 7 Mtpy, started to ramp up at the end of 1Q09 and produced a record of 1.2 Mt in 1Q10. It is located in the Southern System, near Nova Lima, in the Brazilian state of Minas Gerais.

The performance of Nibrasco was negatively affected by some problems with equipment which caused a brief stoppage of its two mills in January. As the problems were fixed, production is running normally at both mills since February.

Currently, we are building two new plants, Oman and Tubarão VIII, which will add 16.5 Mtpy to our capacity. The Oman pellet plant start-up is planned for 2H10, with total production capacity of 9 Mtpy of direct reduction pellets.

•

Manganese ore and ferroalloys

														% Change				% Change
000’ metric tons		1Q09				4Q09				1Q10				1Q10/4Q09				1Q10/1Q09
MANGANESE ORE			113				545				397				-27.2	%			252.5	%
Azul			43				513				356				-30.5	%			725.7	%
Urucum			40				32				41				26.0	%			0.8	%
Other mines			29				—				—				n.a.				n.a.
FERROALLOYS			48				88				110				24.8	%			128.0	%
Brazil			34				34				51				50.9	%			50.3	%
Dunkerque			—				35				31				-11.7	%			n.a.
Mo I Rana			14				19				28				45.5	%			96.1	%

Manganese ore production was 397,000 t in 1Q10, versus 545,000 t in 4Q09, whereas the production of ferroalloys increased by 24.8% on a quarter-on-quarter basis and by 128.0% on year-on-year basis, reaching 110,000 t, the best quarterly performance since 3Q08.

The operational performance of our largest manganese mine, Azul at Carajás, caused the decrease in our total production in 1Q10. Azul underwent some maintenance work due to problems caused by excess moisture, as a consequence of the rainy season in the Amazon region.

Ferroalloy quarterly production was comprised of 61,000 t of ferrosilicon manganese alloys (FeSiMn), 44,000 t of high-carbon manganese alloys (FeMnHc) and 5,000 t of medium-carbon manganese alloys (FeMnMC).

NON-FERROUS MINERALS

•

Nickel

														% Change				% Change
000’ metric tons		1Q09				4Q09				1Q10				1Q10/4Q09				1Q10/1Q09
NICKEL			65				30				33				10.0	%			-49.8	%
Sudbury			22				2				—				-77.4	%			-98.5	%
Thompson			6				10				8				-12.8	%			34.9	%
Voisey Bay			17				4				4				-5.1	%			-79.5	%
Sorowako			16				15				20				38.4	%			28.9	%
Others*			3				—				—				n.a.				n.a.

Total finished nickel production was 32,700 t in 1Q10, 10.0% up on a quarter-on quarter basis, due to the increased availability of the Sorowako feed for processing through the Clydach refinery, in Wales, UK, and our Asian refineries. Since 4Q09, a portion of the Sorowako feed has been redirected from the Matsuzaka refinery, in Japan, to Clydach, which is a refinery with a production capacity of 40,000 t.

Vale is proceeding with the plans to increase nickel output at its strike-bound operations of Sudbury and Voisey Bay, where unionized production and maintenance workers have been on strike.

We retrained employees and resumed operations in 4Q09 at the Coleman and Garson mines, the Clarabelle processing mill and the Copper Cliff smelter in Sudbury. One furnace of the smelter has been operating at full capacity, drawing down nickel inventories to produce a nickel oxide matte for Clydach. Clydach is expected to reach full capacity in May, boosting finished nickel production with the consumption of Sudbury feed. This increase will be shown in the 2Q10 numbers, as the nickel production cycle takes one to three months.

Production at Thompson, in the province of Manitoba, Canada, was 8,500 t in 1Q10, 12.8% lower than the level of the previous quarter as a result of a temporary stoppage of one furnace.

We have resumed production at the Voisey Bay Ovoid mine and the mill, which supplies nickel concentrates to our operations in Thompson and Sudbury. The Voisey Bay site is currently operating on a two-week on, two-week off campaign basis.

In 1Q10, finished nickel production sourced from Sorowako matte amounted to 20,000 t and only 3,600 t from Voisey Bay feed.

•

Bauxite

														% Change				% Change
000’ metric tons		1Q09				4Q09				1Q10				1Q10/4Q09				1Q10/1Q09
BAUXITE			2,986				3,318				3,268				-1.5	%			9.5	%
Trombetas			1,502				1,738				1,524				-12.3	%			1.4	%
Paragominas			1,483				1,580				1,745				10.4	%			17.6	%

In 1Q10, Vale’s bauxite production reached 3.3 Mt, 1.5% less than the 4Q09 level, but 9.5% above the volume registered in 1Q09.

Vale’s attributable production at Trombetas amounted to 1.5 Mt, down 12.3% quarter-on-quarter and up 1.4% year-on-year, due to stoppage for maintenance on the shiploader, railroad and some equipment at the stockyard of our affiliate MRN.

The Paragominas bauxite mine, located in the Brazilian state of Pará, hit an all time-high production of 1.7 Mt, raising 10.4% against 4Q09.

The Paragominas bauxite mine is linked to the Alunorte alumina refinery by the first bauxite pipeline in the world. The mine is operating at 70% of its nominal capacity, since the onset of the operations its bauxite product has given smaller granules than expected. Additional filters are already in a comissioning phase, which will allow us to run Paragominas at its nominal capacity of 9.9 Mtpy from May 2010 onwards.

•

Alumina

														% Change				% Change
000’ metric tons		1Q09				4Q09				1Q10				1Q10/4Q09				1Q10/1Q09
ALUMINA			1,482				1,477				1,394				-5.6	%			-5.9	%
Alunorte			1,482				1,477				1,394				-5.6	%			-5.9	%

The production of alumina at the Barcarena refinery totaled 1.4 Mt in 1Q10, as against 1.5 Mt in 4Q09.

•

Aluminum

														% Change				% Change
000’ metric tons		1Q09				4Q09				1Q10				1Q10/4Q09				1Q10/1Q09
ALUMINUM			121				112				107				-4.2	%			-11.6	%
Albras			112				112				107				-4.2	%			-4.3	%
Valesul			9				—				—				n.a.				n.a.

Aluminum production was 107,000 t in 1Q10, against 112,000 t in the previous quarter. The Albras smelter was slightly impacted by energy issues that caused a temporary stoppage of our operations.

As disclosed on January 22, 2010, our wholly-owned subsidiary Valesul has entered into an agreement to sell its operating assets, including (i) the anode plant, (ii) the reduction plant, (iii) the smelter, (iv) industrial services and administrative facilities and (v) inventories.

•

Copper

														% Change				% Change
000’ metric tons		1Q09				4Q09				1Q10				1Q10/4Q09				1Q10/1Q09
COPPER			73				32				34				3.6	%			-54.2	%
Sossego			30				28				26				-5.0	%			-11.3	%
Sudbury			25				2				3				n.m.				-88.0	%
Thompson			—				—				—				n.a.				n.a.
Voisey Bay			13				—				2				n.a.				n.a.
Others			5				2				3				35.9	%			-49.9	%

Vale’s copper production was 34,000 t in 1Q10, an increase of 3.6% on a quarter-on-quarter basis. The increased production at Sudbury, which has been operating its Coleman and Garson mines, as well as the resumption of operations at Voisey Bay during 1Q10, contributed to a 3,000 t output expansion in Canada.

Production of copper in concentrates by the Sossego mine at Carajás was slightly lower in 1Q10, due to a stoppage for maintenance of the primary crusher for almost 5 days.

•

Nickel by-products

														% Change				% Change
		1Q09				4Q09				1Q10				1Q10/4Q09				1Q10/1Q09
COBALT (metric tons)			713				133				129				-3.0	%			-81.8	%
Sudbury			185				—				—				n.a.				n.a.
Thompson			32				70				52				-25.4	%			63.7	%
Voisey Bay			450				63				77				22.0	%			-83.0	%
Others			46				—				—				n.a.				n.a.
PLATINUM (000’ oz troy)			39				2				1				-30.9	%			-97.1	%
Sudbury			39				2				1				-30.9	%			-97.1	%
PALLADIUM (000’ oz troy)			53				4				3				-20.3	%			-93.6	%
Sudbury			53				4				3				-20.3	%			-93.6	%
GOLD (000’ oz troy)			24				3				4				58.0	%			-81.3	%
Sudbury			24				3				4				58.0	%			-81.3	%
SILVER (000’ oz troy)			695				26				137				419.9	%			-80.3	%
Sudbury			695				26				137				419.9	%			-80.3	%

In 1Q10, cobalt production reached 129 metric tons, showing a 3.0% quarter-on-quarter decrease. Volumes of platinum and palladium produced by the Acton refinery, in the United Kingdom, are still being impacted by the strike at the Sudbury operations, whose ores provide an important source of feed for Acton. Production levels of platinum and palladium were 1,000 and 3,000 oz troy, respectively, in 1Q10.

•

Potash

														% Change				% Change
000’ metric tons		1Q09				4Q09				1Q10				1Q10/4Q09				1Q10/1Q09
POTASH			186				185				158				-14.7	%			-15.2	%
Taquari-Vassouras			186				185				158				-14.7	%			-15.2	%

Production at Taquari-Vassouras was 158,000 t in 1Q10, 14.7% below 4Q09, reflecting a decrease in mined ore grade.

•

Kaolin

														% Change				% Change
000’ metric tons		1Q09				4Q09				1Q10				1Q10/4Q09				1Q10/1Q09
KAOLIN			138				239				182				-24.0	%			31.8	%
PPSA			57				121				96				-20.0	%			70.4	%
Cadam			81				119				85				-28.0	%			5.0	%

In 1Q10, the kaolin production amounted to 182,000 t, versus 239,000 t in 4Q09, due to the seasonality in demand. At PPSA, 96,000 t were produced, while at Cadam the production was 85,000 t.

COAL

•

Coal

														% Change				% Change
000’ metric tons		1Q09				4Q09				1Q10				1Q10/4Q09				1Q10/1Q09
METALLURGICAL COAL			511				659				717				8.8	%			40.3	%
Integra Coal			306				198				327				65.3	%			6.7	%
Carborough Downs			99				245				283				15.7	%			186.8	%
Broadlea			56				25				32				27.6	%			-43.2	%
Others			50				191				75				-60.8	%			50.9	%
THERMAL COAL			439				607				701				15.5	%			59.8	%
El Hatillo			—				368				522				41.9	%			n.a.
Integra Coal			258				103				57				-44.5	%			-77.9	%
Broadlea			109				27				48				78.6	%			-55.8	%
Others			72				110				74				-32.5	%			2.2	%

In 1Q10 Vale’s coal production grew 12.0% on a quarter-on-quarter basis, reaching 1.4 Mt. This was comprised by 717,000 t of metallurgical coal and 701,000 t of thermal coal.

Production of metallurgical and thermal coal at Integra Coal, located in the state of New South Wales, Australia, was 327,000 t and 57,000 t, respectively, in 1Q10. Integra production of metallurgical coal was positively influenced by the conclusion of the longwall move in early January in the underground mine, while thermal coal production in the open pit mine was negatively impacted by the weather conditions.

The thermal coal mine of El Hatillo, an open pit coal mine located in the Cesar Department, a major Colombian coal producing region, is ramping up and produced 522,000 t in 1Q10, up 41.9% on a quarter-on-quarter basis.

Production at Carborough Downs, in the state of Queensland, Australia, reached 283,000 t in 1Q10, versus 245,000 t in 4Q09. The installation and commissioning of a longwall at Carborough Downs in September 2009, and the replacement of trunk conveyors in January 2010, contributed to a record production flow in 1Q10.

Broadlea, a small open pit mine which had been used as an auxiliary source of output to Carborough Downs while the longwall was being installed, was shut down in the first week of December 2009. Stockpiles of intermediate products existing at end of 2009 were washed and used to produce coal in 1Q10.

Vale Production Report — US GAAP*
1,000 metric tons (unless stated otherwise)

														% Change				% Change
		1Q09				4Q09				1Q10				1Q10/4Q09				1Q10/1Q09
IRON ORE			46,754				60,776				66,453				9.3	%			42.1	%
Southeastern System			16,625				25,237				26,158				3.6	%			57.3	%
Itabira			5,983				8,009				7,907				-1.3	%			32.2	%
Mariana			6,204				7,921				8,255				4.2	%			33.1	%
Minas Centrais			4,438				8,624				9,156				6.2	%			106.3	%
Corumbá			—				423				552				30.4	%			n.a.
Urucum			—				260				287				10.6	%			n.a.
Southern System			9,851				14,599				16,423				12.5	%			66.7	%
Minas Itabirito			2,474				5,241				6,473				23.5	%			161.6	%
Vargem Grande			4,134				5,234				5,179				-1.1	%			25.3	%
Paraopeba			3,243				4,124				4,772				15.7	%			47.1	%
Carajás			20,277				20,940				23,871				14.0	%			17.7	%
PELLETS			1,736				5,637				7,549				33.9	%			334.7	%
Tubarão I and II			510				783				1,315				68.0	%			157.7	%
Fábrica			235				—				679				n.a.				188.9	%
São Luís			3				—				295				n.a.				n.a.
Vargem Grande			4				1,125				1,247				10.9	%			n.a.
Nibrasco			96				2,150				1,996				-7.2	%			n.m.
Kobrasco			889				764				1,186				55.2	%			33.5	%
Itabrasco			—				815				831				1.9	%			n.a.
MANGANESE ORE			113				545				397				-27.2	%			252.5	%
Azul			43				513				356				-30.5	%			725.7	%
Urucum			40				32				41				26.0	%			0.8	%
Other mines			29				—				—				n.a.				n.a.
FERROALLOYS			48				88				110				24.8	%			128.0	%
Brazil			34				34				51				50.9	%			50.3	%
Dunkerque			—				35				31				-11.7	%			n.a.
Mo I Rana			14				19				28				45.5	%			96.1	%
NICKEL			65				30				33				10.0	%			-49.8	%
Sudbury			22				2				—				-77.4	%			-98.5	%
Thompson			6				10				8				-12.8	%			34.9	%
Voisey Bay			17				4				4				-5.1	%			-79.5	%
Sorowako			16				15				20				38.4	%			28.9	%
Others **			3				—				—				n.a.				n.a.
COPPER			73				32				34				3.6	%			-54.2	%
Sossego			30				28				26				-5.0	%			-11.3	%
Sudbury			25				2				3				n.m.				-88.0	%
Thompson			—				—				—				n.a.				n.a.
Voisey Bay			13				—				2				n.a.				n.a.
Others			5				2				3				35.9	%			-49.9	%
BAUXITE			1,483				1,580				1,745				10.4	%			17.6	%
Paragominas			1,483				1,580				1,745				10.4	%			17.6	%
ALUMINA			1,482				1,477				1,394				-5.6	%			-5.9	%
Alunorte			1,482				1,477				1,394				-5.6	%			-5.9	%

Vale Production Report — US GAAP*
1,000 metric tons (unless stated otherwise)

														% Change				% Change
		1Q09				4Q09				1Q10				1Q10/4Q09				1Q10/1Q09
ALUMINUM			121				112				107				-4.2	%			-11.6	%
Albras			112				112				107				-4.2	%			-4.3	%
Valesul			9				—				—				n.a.				n.a.
METALLURGICAL COAL			511				659				717				8.8	%			40.3	%
Integra Coal			306				198				327				65.3	%			6.7	%
Carborough Downs			99				245				283				15.7	%			186.8	%
Broadlea			56				25				32				27.6	%			-43.2	%
Others			50				191				75				-60.8	%			50.9	%
THERMAL COAL			439				607				701				15.5	%			59.8	%
El Hatillo			—				368				522				41.9	%			n.a.
Integra Coal			258				103				57				-44.5	%			-77.9	%
Broadlea			109				27				48				78.6	%			-55.8	%
Others			72				110				74				-32.5	%			2.2	%
COBALT (metric tons)			713				133				129				-3.0	%			-81.8	%
Sudbury			185				—				—				n.a.				n.a.
Thompson			32				70				52				-25.4	%			63.7	%
Voisey Bay			450				63				77				22.0	%			-83.0	%
Others			46				—				—				n.a.				n.a.
PLATINUM (000’ oz troy)			39				2				1				-30.9	%			-97.1	%
Sudbury			39				2				1				-30.9	%			-97.1	%
PALLADIUM (000’ oz troy)			53				4				3				-20.3	%			-93.6	%
Sudbury			53				4				3				-20.3	%			-93.6	%
GOLD (000’ oz troy)			24				3				4				58.0	%			-81.3	%
Sudbury			24				3				4				58.0	%			-81.3	%
SILVER (000’ oz troy)			695				26				137				419.9	%			-80.3	%
Sudbury			695				26				137				419.9	%			-80.3	%
POTASH			186				185				158				-14.7	%			-15.2	%
Taquari-Vassouras			186				185				158				-14.7	%			-15.2	%
KAOLIN			138				239				182				-24.0	%			31.8	%
PPSA			57				121				96				-20.0	%			70.4	%
Cadam			81				119				85				-28.0	%			5.0	%

Vale Production Report — Consolidated BR GAAP*
1,000 metric tons (unless stated otherwise)

														% Change				% Change
		1Q09				4Q09				1Q10				1Q10/4Q09				1Q10/1Q09
IRON ORE			48,334				63,443				69,059				8.9	%			42.9	%
Southeastern System			16,625				25,237				26,158				3.6	%			57.3	%
Itabira			5,983				8,009				7,907				-1.3	%			32.2	%
Mariana			6,204				7,921				8,255				4.2	%			33.1	%
Minas Centrais			4,438				8,624				9,156				6.2	%			106.3	%
Corumbá			—				423				552				30.4	%			n.a.
Urucum			—				260				287				10.6	%			n.a.
Southern System			9,851				14,599				16,423				12.5	%			66.7	%
Minas Itabirito			2,474				5,241				6,473				23.5	%			161.6	%
Vargem Grande			4,134				5,234				5,179				-1.1	%			25.3	%
Paraopeba			3,243				4,124				4,772				15.7	%			47.1	%
Carajás			20,277				20,940				23,871				14.0	%			17.7	%
Samarco			1,581				2,667				2,606				-2.3	%			64.9	%
PELLETS			2,885				8,750				10,492				19.9	%			263.7	%
Tubarão I and II			510				783				1,315				68.0	%			157.7	%
Fábrica			235				—				679				n.a.				188.9	%
São Luís			3				—				295				n.a.				n.a.
Vargem Grande			4				1,125				1,247				10.9	%			n.a.
Nibrasco			96				2,150				1,996				-7.2	%			n.m.
Kobrasco			889				764				1,186				55.2	%			33.5	%
Hispanobras			—				452				438				-3.0	%			n.a.
Itabrasco			—				815				831				1.9	%			n.a.
Samarco			1,148				2,662				2,504				-5.9	%			118.1	%
MANGANESE ORE			113				545				397				-27.2	%			252.5	%
Azul			43				513				356				-30.5	%			725.7	%
Urucum			40				32				41				26.0	%			0.8	%
Other mines			29				—				—				n.a.				n.a.
FERROALLOYS			48				88				110				24.8	%			128.0	%
Brazil			34				34				51				50.9	%			50.3	%
Dunkerque			—				35				31				-11.7	%			n.a.
Mo I Rana			14				19				28				45.5	%			96.1	%
Urucum			—				—				—				n.a.				n.a.
NICKEL			65				30				33				10.0	%			-49.8	%
Sudbury			22				2				—				-77.4	%			-98.5	%
Thompson			6				10				8				-12.8	%			34.9	%
Voisey Bay			17				4				4				-5.1	%			-79.5	%
Sorowako			16				15				20				38.4	%			28.9	%
Others			3				—				—				n.a.				n.a.
COPPER			73				32				34				3.6	%			-54.2	%
Sossego			30				28				26				-5.0	%			-11.3	%
Sudbury			25				2				3				n.m.				-88.0	%
Thompson			—				—				—				n.a.				n.a.
Voisey Bay			13				—				2				n.a.				n.a.
Others			5				2				3				35.9	%			-49.9	%

Vale Production Report — Consolidated BR GAAP*
1,000 metric tons (unless stated otherwise)

														% Change				% Change
		1Q09				4Q09				1Q10				1Q10/4Q09				1Q10/1Q09
BAUXITE			2,986				3,318				3,268				-1.5	%			9.5	%
Trombetas			1,502				1,738				1,524				-12.3	%			1.4	%
Paragominas			1,483				1,580				1,745				10.4	%			17.6	%
ALUMINA			1,482				1,477				1,394				-5.6	%			-5.9	%
Alunorte			1,482				1,477				1,394				-5.6	%			-5.9	%
ALUMINUM			121				112				107				-4.2	%			-11.6	%
Albras			112				112				107				-4.2	%			-4.3	%
Valesul			9				—				—				n.a.				n.a.
METALLURGICAL COAL			511				659				717				8.8	%			40.3	%
Integra Coal			306				198				327				65.3	%			6.7	%
Broadlea			56				25				32				27.6	%			-43.2	%
Carborough Downs			99				245				283				15.7	%			186.8	%
Other			50				191				75				-60.8	%			50.9	%
THERMAL COAL			439				607				701				15.5	%			59.8	%
El Hatillo			—				368				522				41.9	%			n.a.
Integra Coal			258				103				57				-44.5	%			-77.9	%
Broadlea			109				27				48				78.6	%			-55.8	%
Others			72				110				74				-32.5	%			2.2	%
COBALT (metric tons)			713				133				129				-3.0	%			-81.8	%
Sudbury			185				—				—				n.a.				n.a.
Thompson			32				70				52				-25.4	%			63.7	%
Voisey Bay			450				63				77				22.0	%			-83.0	%
Others			46				—				—				n.a.				n.a.
PLATINUM (000’ oz troy)			39				2				1				-30.9	%			-97.1	%
Sudbury			39				2				1				-30.9	%			-97.1	%
PALLADIUM (000’ oz troy)			53				4				3				-20.3	%			-93.6	%
Sudbury			53				4				3				-20.3	%			-93.6	%
GOLD (000’ oz troy)			24				3				4				58.0	%			-81.3	%
Sudbury			24				3				4				58.0	%			-81.3	%
SILVER (000’ oz troy)			695				26				137				419.9	%			-80.3	%
Sudbury			695				26				137				419.9	%			-80.3	%
POTASH			186				185				158				-14.7	%			-15.2	%
Taquari-Vassouras			186				185				158				-14.7	%			-15.2	%
KAOLIN			138				239				182				-24.0	%			31.8	%
PPSA			57				121				96				-20.0	%			70.4	%
Cadam			81				119				85				-28.0	%			5.0	%