Report of Foreign Issuer (6-k)
December 23 2019 - 6:01AM
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
December 2019
Vale S.A.
Praia de Botafogo nº 186, 18º andar, Botafogo
22250-145 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 x Form 40-F o
(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 o No x
(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 o No x
(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 o No x
(If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b). 82- .)
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Press Release
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Vale informs on minority stake of MBR
Rio de Janeiro, December 20th, 2019 Vale S.A. (Vale) informs that, on this date, its subsidiary Minerações Brasileiras Reunidas S.A. MBR (MBR) has approved at the Shareholders Meeting the remuneration and the redemption with the consequent cancellation of all class A preferred shares of MBR, which were solely owned by Banco Bradesco BBI S.A., for the total amount of R$ 3,309 million.
MBR owns assets for production, transportation and port shipment integrated into Vales Southern System and accounted for the production of approximately 59 Mt of iron ore in 2018. With the completion of the transaction of redemption and cancellation of the shares, Vale now holds 98.3% of MBRs share capital, concluding the sale transaction of a minority stake announced to the market on July 30, 2015.
In the year of 2018 and the first nine months of 2019, MBR paid dividends to non-controlling interest of US$ 168 million and US$ 162 million, respectively.
Vale reinforces its discipline seeking capital allocation options, which is consistent with the companys strategic pillars.
For further information, please contact:
+55-21-3485-3900
Andre Figueiredo: andre.figueiredo@vale.com
Andre Werner: andre.werner@vale.com
Mariana Rocha: mariana.rocha@vale.com
Samir Bassil: samir.bassil@vale.com
This press release may include statements that present Vales 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 in particular the factors discussed under Forward-Looking Statements and Risk Factors in Vales annual report on Form 20-F.
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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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Vale S.A.
(Registrant)
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By:
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/s/ André Figueiredo
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Date: December 20, 2019
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Director of Investor Relations
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