Vale comments on Brumadinho’s final CPI report

7/2/2019

Vale comments on Brumadinho’s final CPI report

Rio de Janeiro, July 2nd, 2019 - Vale S.A. ("Vale") hereby informs that it was made aware on July 2nd, 2019 of the final report of the Parliamentary Commission of Inquiry (“CPI”) of the Federal Senate on Brumadinho.

Vale respectfully disagrees with the suggestion of indictment of company employees and executives, as proposed in the final report of the Parliamentary Commission of Inquiry of the Federal Senate.

The report recommends verdicts based on positions held at all levels of the company. Vale considers it essential that there be an expert, technical and scientific conclusion on the causes of the B1 Dam breach before any responsibilities can be identified.

Vale and its employees will continue to actively co-operate with all the competent authorities and bodies to determine the circumstances of the breach.

 

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.


Vale comments on Brumadinho’s final CPI report