Report of Foreign Issuer (6-k)
April 15 2020 - 6:20AM
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
April
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))
(Check One) Yes ¨
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 ¨ 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
¨ No x
(If “Yes” is marked, indicate below the file number
assigned to the registrant in connection with Rule 12g3-2(b). 82- .)
Vale informs on judicial decision
Rio de Janeiro, April 14th,
2020 – Vale S.A. ("Vale") informs on the decision by the 1st Court of Ouro Preto, Minas Gerais, issued
on April 14th, 2020, regarding the request for a preliminary injunction within the scope of the lawsuit 5000885-66.2020.8.13.0461
proposed by the Public Prosecution Office of the State of Minas Gerais, that determined, among others, the freezing of Vale's funds
in the amount of R$ 50 million solely to ensure the compensation for losses that could be caused as a result of the evacuation
of the residents of the flooding area in case of a hypothetical rupture of the Doutor dam, which is owned by Vale. Additionally,
the judge ordered that within thirty days from the date of the evacuation, Vale initiates payments, until the final resettlement,
of monthly emergency instalments to all people that were relocated from their homes in the amount of 1 (one) Brazilian minimum
wage to adults, 1/2 (one-half) of the minimum wage to adolescents and 1/4 (one-fourth) of the minimum wage to children. Vale estimates
that 229 people will start receiving the emergency payment.
The evacuation of the people living in
the Self-Rescue Zone started on February 16th, 2020 led by Vale, together with the Local Civil Defense, in a gradual
and organized manner, due to the beginning of the decharacterization process of the Doutor dam.
Vale will take all the appropriate measures
to assure its rights of defense in due course.
Ever
since the Covid-19 outbreak began, our highest priority is the health and safety of our employees. Our IR team adopted work-from-home,
and as we continue to face these new circumstances, we strongly recommend you prioritize e-mail and online engagement.
For
further information, please contact:
Vale.RI@vale.com
Ivan
Fadel: ivan.fadel@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.
|
|
Vale S.A.
(Registrant)
|
|
|
|
|
|
By:
|
/s/ /s/ Ivan Fadel
|
|
Date: April 14, 2020
|
|
Head of Investor Relations
|
Vale (NYSE:VALE)
Historical Stock Chart
From Mar 2024 to Apr 2024
Vale (NYSE:VALE)
Historical Stock Chart
From Apr 2023 to Apr 2024
