Report of Foreign Issuer (6-k)
March 23 2020 - 4:12PM
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
March
2020
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 ¨
|
(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- .)
Vale
updates on the outbreak of the coronavirus and implications for Malaysia distribution center
Rio
de Janeiro, March 18th, 2020 – Vale S.A. (“Vale”) would like to update the market on the steps and
policies it is taking to safeguard its employees, businesses and communities surrounding its operations from the threats that
are being posed by the COVID-19 (Coronavirus) outbreak, and on the consequences of such measures.
Vale
could temporarily halt, starting on Saturday, its distribution center in Malaysia (Teluk Rubiah Maritime Terminal, “TRMT”,
23.7 Mt of Iron Ore shipped in 2019) until March 31st. Vale is communicating with the authorities to clarify supposed
restrictions imposed by the local government on transportation between cities, what could limit the access of workers to TRMT.
In
that scenario, vessels heading to TRMT will be redirected and redistributed among our blending facilities in China with no expected
impact on production and sales volume in 2020, but with an impact on sales of approximately 800.000 t in 1Q20. An immaterial cost
increase is expected due to additional logistics.
Vale
reaffirms its commitment to the safety of its people and the communities in which it operates and will keep investors and markets
informed of future developments.
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 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 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.
Date:
March 18, 2020
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Vale
S.A.
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(Registrant)
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By:
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/s/
André Figueiredo
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Director
of Investor Relations
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