Vale confirms merger of Mineração Onça Puma

On December 29, Brazilian mining giant Companhia Vale do Rio Doce (Vale) announced the approval by Vale's shareholders of the proposal to merge Vale's wholly-owned subsidiary, Mineração Onça Puma S.A., into Vale.
 
With regard to the merger, Vale unconditionally takes responsibility for all properties, rights and obligations of Mineração Onça Puma, under the terms of current legislation.
 
Meanwhile, Vale has also announced that it abides by the undertakings with respect to the management of the Inco Ltd, which were assumed vis-à-vis the Canadian government pursuant to the Investment Canada Act upon the occasion of Vale's acquisition of Inco Ltd. The company in question is a leading producer of nickel, copper, cobalt and precious metals, based in Toronto, Canada.