Vale announces additional interest amount on convertibles due 2012

By Marisa Wong

Madison, Wis., Nov. 1 - Vale SA announced that the amount of additional interest to be paid on its mandatorily convertible notes due June 15, 2012, series VALE and VALE.P, will be $0.807574 and $0.934048 per note, respectively.

The additional interest will be paid on Nov. 5.

The Bank of New York is the trustee for the convertible notes.

Vale is a mining company based in Rio de Janeiro.

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