Report of Foreign Issuer (6-k)
April 29 2020 - 7:53AM
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 estimates update
Rio de Janeiro, April 28th,
2020 - Vale S.A. (Vale), informs that it has announced today, in its first quarter 2020 earnings report, the following estimates:
(i) decrease in unitary freight costs in 2Q20 by at least US$ 3/t compared to 1Q20, (ii) C1 unit cash cost of the Iron Ore business
below US$ 14/t in 2H20, (iii) capital expenditures of US$ 4.6 billion in 2020.
Vale clarifies that the information provided
in this document represent only an expectation, hypothetical
data that by no means constitute a promise
of performance by Vale and/or its management. The
estimates presented involve market factors
that are beyond Vale’s control and, therefore, can be
subject to new changes.
Additionally, Vale informs that will file
again in due course the item 11 of its Reference Form, within the period required by the Instruction CVM n. 480 of December 7,
2009, as amended.
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.
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Vale S.A.
(Registrant)
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|
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By:
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/s/ Ivan Fadel
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Date: April 28, 2020
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Head of Investor Relations
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