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Commitments and contingencies (Tables)
12 Months Ended
Dec. 31, 2011
Commitments and contingencies  
Provision for contingencies and the related judicial deposits

 

 

 

 

As of December 31,

 

 

 

2011

 

2010

 

 

Provision for
contingencies

 

Judicial deposits

 

Provision for
contingencies

 

Judicial deposits

 

 

 

 

 

 

 

 

 

 

 

Labor and social security claims

 

751

 

895

 

748

 

874

 

Civil claims

 

248

 

151

 

510

 

410

 

Tax - related actions

 

654

 

413

 

746

 

442

 

Others

 

33

 

5

 

39

 

5

 

 

 

1,686

 

1,464

 

2,043

 

1,731

 

Changes in the provisions for asset retirement obligations

 

 

 

 

Three-month period ended (unaudited)

 

Year ended as of December 31,

 

 

 

December 31, 2011

 

September 30, 2011

 

December 31, 2010

 

2011

 

2010

 

2009

 

Beginning of period

 

1,273

 

1,410

 

1,230

 

1,368

 

1,116

 

887

 

Accretion expense

 

25

 

29

 

34

 

125

 

113

 

75

 

Liabilities settled in the current period

 

(16

)

(11

)

(33

)

(57

)

(45

)

(46

)

Revisions in estimated cash flows

 

495

 

(3

)

110

 

420

 

125

 

(23

)

Cumulative translation adjustment

 

(7

)

(152

)

27

 

(86

)

59

 

223

 

End of period

 

1,770

 

1,273

 

1,368

 

1,770

 

1,368

 

1,116

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Current liabilities

 

73

 

54

 

75

 

73

 

75

 

89

 

Non-current liabilities

 

1,697

 

1,219

 

1,293

 

1,697

 

1,293

 

1,027

 

Total

 

1,770

 

1,273

 

1,368

 

1,770

 

1,368

 

1,116

Railroads
 
Commitments and Contingencies  
Schedule by year of future minimum rental payments

 

 

2012 

 

87

 

2013 

 

87

 

2014 

 

87

 

2015 

 

87

 

2016 thereafter

 

955

 

Total minimum payments required

 

1,303

 

Pellet plants
 
Commitments and Contingencies  
Schedule by year of future minimum rental payments

 

 

2012 

 

66

 

2013 

 

58

 

2014 

 

23

 

2015 

 

23

 

2016 thereafter

 

64

 

 

 

 

 

Total minimum payments required

 

234