Vale Negotiations for Preliminary Adjustment Agreement (TAP)

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2/14/2019

Vale Negotiations for Preliminary Adjustment Agreement (TAP)

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Vale discloses that negotiations for the Preliminary Adjustment Agreement (TAP) have been advanced with the purpose of expediting the emergency response to the breach of Dam I at o do Feijão mine in Brumadinho, Minas Gerais. In a hearing at the Court of Justice of Minas Gerais, on Thursday, February 14, the parties requested extension of the deadline for TAP conclusion and presentation of the agreement to be signed at the hearing scheduled for February 20th, which was accepted.

Vale has held collaborative meetings with the Attorney’s Office of the State of Minas Gerais, the Public Prosecution Office of the State of Minas s, the Public Defender's Office of the State of Minas Gerais, the Federal Attorney’s Office, the Federal Public Prosecution Office, and the Federal Public Defender's Office. These meetings are held with representatives of those affected by the dam breach, as well as members of the Movement of People Affected by Dams (MAB).

Vale restates its commitment to repair damages caused by the dam's breach. The company will keep all the efforts to ensure that this repair occurs quickly, with isonomy and adequately.

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Vale Negotiations for Preliminary Adjustment Agreement (TAP)