Vale decides to temporarily halt the Teluk Rubiah Maritime Terminal

3/23/2020

Vale decides to temporarily halt the Teluk Rubiah Maritime Terminal

Rio de Janeiro, March 23th, 2020 – Vale S.A. (“Vale”) informs that decided to temporarily halt, starting on Tuesday, March 24th, its distribution center in Malaysia (the Teluk Rubiah Maritime Terminal, “TRMT”, 23.7 Mt of Iron Ore shipped in 2019) at least until March 31st. Vale took this decision as it is temporarily unable to secure the minimum resources to safely operate the terminal.

Vessels heading to the 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 500,000 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.

 

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 decides to temporarily halt the Teluk Rubiah Maritime Terminal