"This - Vale
Nickel equivalent¹ production by geography, 2015 57% 6% 13% 24% Africa Asia Australia Europe Norilsk Nickel ¹ Nickel equivalent production based on 2014 Cu price of US$ 6,862/t and 2014 Ni price of US$ 16,867/t Source: Company filings and Wood Mackenzie. . Geographically diverse asset base Vale's production base is evenly spread across stable,