OREANDA-NEWS. November 15, 2012. Vale informs that it has concluded the sale its manganese ferroalloys operations in Europe to subsidiaries of Glencore International Plc., a company listed on the London and Hong Kong Stock Exchanges, for USD 160 million in cash. Vale also contracted Glencore as its marketing agent for metallurgical manganese ore outside Brazil for a period of five years.

The manganese ferroalloys operations in Europe consist of: (a) 100% of Vale Manganese France SAS, located in Dunkerque, France; and (b) 100% of Vale Manganese Norway AS, located in Mo I Rana, Norway.

The sale of the manganese ferroalloys operations in Europe is part of our continuous efforts to optimize the asset portfolio. Vale's growth and sustainable value creation strategy encompasses a multilane road, in which active portfolio asset management is a very important tool to optimize capital allocation and focus management attention.