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Vale Shareholders Approve Merger of Mineração Onça Puma

01/06/2009 - Companhia Vale do Rio Doce shareholders approve the proposed merger of the company’s wholly-owned subsidiary, Mineração Onça Puma SA, into Vale.

Companhia Vale do Rio Doce (Vale) announced that its shareholders have approved the proposed merger of Vale’s wholly-owned subsidiary, Mineração Onça Puma SA, into Vale. Shareholders had voted for the merger during a recent Extraordinary Shareholder Meeting.
 
With the merger, Vale will unconditionally assume all of Mineração Onça Puma’s properties, rights and obligations under the terms of current legislation. Vale said it also will continue to abide by the undertakings (regarding management of the nickel business) that were assumed with regard to the Canadian Government pursuant to the Investment Canada Act upon the company’s acquisition of Inco Ltd.