According the production report, Vale delivered a strong operational performance in 4Q14 and in 2014, with production records in iron ore, nickel, copper and gold.

- Annual production of 275,000 t, the highest annual mark since 2008, despite the almost two month stoppage of VNC´s operation during the year.

- Annual production record in VNC of 19,000 t in 2014, 3,000 t higher than in 2013.

- Annual production record in Onça Puma of 21,000 t in 2014, 19,000 t higher than in 2013.

- Annual production record at PT Vale Indonesia Tbk of 78,000 t of nickel in matte.

- Quarterly production record of 73,600 t, 1,500 t higher than in 3Q14 and 5,700 t higher than in 4Q13.

- Quarterly production of 6,200 t at VNC, the second best quarterly result for VNC finished nickel production and 2,400 t higher than in 3Q14 and 4,100 t higher than in 4Q13.

• [Editor:Juan]