Report of Foreign Issuer (6-k)
December 27 2019 - 10:58AM
Edgar (US Regulatory)
Table of Contents
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))
(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))
(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.)
(If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b). 82- .)
Table of Contents
Vale informs on sale of minority interest
Rio de Janeiro, December 27th, 2019 Vale S.A. (Vale) informs that it has entered into an agreement to sell the totality of its 25% stake in the Chinese company Henan Longyu Energy Resources Co., Ltd. (Longyu) to the Yongmei Group Co., Ltd (Yongmei), for CNY 1.065 billion, which is equivalent to US$ 152 million, approximately.
Longyu operates two coal mines in the province of Henan, producing about 3.4Mtpy of metallurgical and thermal coal. The company is controlled by Yongmei, which is a subsidiary of Henan Energy and Chemical Industry Group.
The closing of the deal is expected for the first quarter of 2020, upon completion of conditions precedent to the transfer of the stake.
The transaction is in line with Vales strategy of discipline in capital allocation and business portfolio rationalization.
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.
3
Table of Contents
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.
Date: December 27, 2019
|
Vale S.A.
|
|
(Registrant)
|
|
|
|
By:
|
/s/ André Figueiredo
|
|
|
Director of Investor Relations
|
4
Vale (NYSE:VALE)
Historical Stock Chart
From Mar 2024 to Apr 2024
Vale (NYSE:VALE)
Historical Stock Chart
From Apr 2023 to Apr 2024