Related party transactions (Tables)

12 Months Ended

Dec. 31, 2012

Related party transactions

Schedule of balances from transactions with major related parties

	December 31, 2012				December 31, 2011
	Assets		Liabilities		Assets		Liabilities
Affiliated Companies and Joint Ventures
Companhia Hispano-Brasileira de Pelotização—HISPANOBRÁS		2		10		177		162
Companhia Nipo-Brasileira de Pelotização—NIBRASCO		2		175		1		13
Companhia Coreano-Brasileira de Pelotização—KOBRASCO		–		33		–		5
Baovale Mineração S.A.		14		28		8		20
Minas da Serra Geral S.A. ("MSG")		–		8		–		9
MRS Logística S.A.		44		45		50		20
Norsk Hydro ASA		405		72		489		80
Samarco Mineração S.A.		213		–		47		–
Mitsui & CO, LTD		22		46		–		37
Others		224		8		107		49
		926		425		879		395
Current		518		353		370		304
Long-term		408		72		509		91
Total		926		425		879		395

Schedule of balances included in the balance sheet classifications

	December 31, 2012				December 31, 2011
	Assets		Liabilities		Assets		Liabilities
Current assets
Accounts receivable		134		–		288		–
Loans and advances to related parties		384		–		82		–
Non-current assets
Loans and advances to related parties		408		–		509		–
Current liabilities
Suppliers		–		146		–		280
Loans from related parties		–		207		–		24
Non-current liabilities
Long-term debt		–		72		–		91
		926		425		879		395

Schedule of income and expenses from the principal transactions and financial operations carried out with major related parties

	As of December 31,
	2012				2011				2010
	Income		Expenses		Income		Expenses		Income		Expenses
Affiliated Companies and Joint Ventures
Companhia Nipo-Brasileira de Pelotização—NIBRASCO		–		80		–		151		–		149
Samarco Mineração S.A.		371		–		511		–		448		–
Companhia Ítalo-Brasileira de Pelotização—ITABRASCO		–		32		–		150		–		50
Companhia Hispano-Brasileira de Pelotização—HISPANOBRÁS		266		265		729		521		462		513
Companhia Coreano-Brasileira de Pelotização—KOBRASCO		–		70		–		98		–		117
Mineração Rio Norte S.A.		–		–		–		–		–		156
MRS Logística S.A.		14		702		16		759		16		561
Others		142		101		103		53		17		18
		793		1,250		1,359		1,732		943		1,564

Schedule of amounts included in the statement of income

	As of December 31,
	2012				2011				2010
	Income		Expenses		Income		Expenses		Income		Expenses
Sales / Cost of iron ore and pellets		624		469		1,337		952		910		785
Revenues / expense from logistic services		14		706		16		759		23		603
Sales / Cost of aluminum products		–		–		–		18		–		156
Financial income/expenses		14		7		6		3		10		20
Others		141		68		–		–		–		–
		793		1,250		1,359		1,732		943		1,564