Report of Foreign Issuer (6-k)
November 25 2016 - 7:00AM
Edgar (US Regulatory)
United
States
Securities and
Exchange Commission
Washington, D.C.
20549
FORM 6-K
Report
of Foreign Private Issuer
Pursuant to Rule
13a-16 or 15d-16
of
the
Securities
Exchange Act of 1934
For
the month of
November
2016
Vale S.A.
Avenida das
Américas, No. 700 – Bloco 8, Sala 218
22640-100 Rio de
Janeiro, RJ, Brazil
(Address of principal executive
office)
(Indicate by check
mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.)
(Check
One) Form 20-F
☒
Form 40-F ☐
(Indicate by check
mark if the registrant is submitting the Form 6-K in
paper
as permitted by
Regulation S-T Rule 101(b)(1))
(Check
One) Yes
☐
No
☒
(Indicate by check
mark if the registrant is submitting the Form 6-K in
paper
as permitted by
Regulation S-T Rule 101(b)(7))
(Check
One) Yes
☐
No
☒
(Indicate by check
mark whether the registrant by furnishing the information contained
in this Form is also thereby furnishing information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange
Act of 1934.)
(Check
One) Yes
☐
No
☒
(If
“Yes” is marked, indicate below the file number
assigned to the registrant in connection with Rule 12g3-2(b).
82-
.)
Vale
informs about short-term facilities to
Samarco
Rio de
Janeiro, November 24
th
, 2016 – Vale
S.A. (Vale) informs that it
intends to
make available short-term facilities of up to US$ 115 million to
Samarco to support its operations in the first half of 2017 (1H17),
without undertaking an obligation from Vale to Samarco. Funds will
be released on an as-needed basis and will be subject to Samarco
achieving certain milestones. Likewise, BHP Billiton Brasil Ltda.
intends to make available to Samarco short-term facilities with
similar terms and conditions as mentioned
above.
In addition, given Samarco´s current cash flow projections, it
is likely that shareholders will be called upon to fulfill its
obligations, according to their stake in Samarco (50% each), under
the Agreement signed on the March 2
nd
,
2016 for the restoration of the environment and communities
affected by the Samarco dam failure. Therefore, Vale expects to
contribute about US$ 181 million in 1H17, with this amount
offsetting against the R$ 3.7 billion provision recorded in the
second quarter of 2016 (2Q16).
For
further information, please contact:
+55-21-3485-3900
Andre
Figueiredo: andre.figueiredo@vale.com
Carla Albano Miller:
carla.albano@vale.com
Fernando Mascarenhas:
fernando.mascarenhas@vale.com
Andrea Gutman:
andrea.gutman@vale.com
Bruno Siqueira:
bruno.siqueira@vale.com
Claudia Rodrigues:
claudia.rodrigues@vale.com
Denise Caruncho:
denise.caruncho@vale.com
Mariano Szachtman:
mariano.szachtman@vale.com
Renata Capanema:
renata.capanema@vale.com
This press
release may include statements that present Vale’s
expectations about future events or results. All statements, when
based upon expectations about the future, involve various risks and
uncertainties. Vale cannot guarantee that such statements will
prove correct. These risks and uncertainties include factors
related to the following: (a) the countries where we operate,
especially Brazil and Canada; (b) the global economy; (c) the
capital markets; (d) the mining and metals prices and their
dependence on global industrial production, which is cyclical by
nature; and (e) global competition in the markets in which Vale
operates. To obtain further information on factors that may lead to
results different from those forecast by Vale, please consult the
reports Vale files with the U.S. Securities and Exchange Commission
(SEC), the Brazilian Comissão de Valores Mobiliários
(CVM), and the French Autorité des Marchés Financiers
(AMF), and in particular the factors discussed under
“Forward-Looking Statements” and “Risk
Factors” in Vale’s annual report on Form
20-F.
Signatures
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly
authorized.
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Date
November 24,
2016
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By:
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/s/
André
Figueiredo
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Director of
Investor Relations
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