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31.03.2010 – 21:34

Vale Inco Limited

Vale Inco Reaches New Collective Agreement With USW Local 2020-005

Sudbury, Canada, March 31, 2010 (ots/PRNewswire)

Vale Inco is pleased
to announce that USW Local 2020-005, representing Office, Technical
and Professional employees in the Sudbury Operations, has voted 84.5%
in favor of ratifying a new three-year collective agreement with the
company in voting that concluded today.
This agreement is effective from April 1, 2010 through to March
31, 2013 and includes increases to salaries in each of the three
years, a Defined Contribution pension plan for new employees, the
introduction of an annual incentive plan that supports the
achievement of strategic objectives and rewards performance; and
various other improvements to collective agreement language.
"I would like to acknowledge the hard work, dedication and
professionalism of both negotiating teams and their contributions to
this positive outcome for all concerned," said John Pollesel,
Vice-President, Production Services and Support, Canadian/UK
Operations and General Manager for Ontario Operations. "This result
clearly demonstrates that our employees understand the importance of
working together to build a long-term, sustainable future for our
operations in Ontario."
For further information: Cory McPhee, Vice-President, Corporate
Affairs,  Vale Inco Limited, +1-416-361-7669,
cory.mcphee@valeinco.com

Contact:

CONTACT: For further information: Cory McPhee, Vice-President,
CorporateAffairs, Vale Inco Limited, +1-416-361-7669,
cory.mcphee@valeinco.com