Vale informs a set of initiatives for impacted territories

9/24/2019

Vale informs a set of initiatives for impacted territories

Rio de Janeiro, September 24, 2019 – Vale S.A. (“Vale”) informed in a press conference held today that it is developing a set of integrated actions for the communities of Macacos (Nova Lima), Barão de Cocais, and Itabirito. With initiatives totaling approximately R$190 million in the next three years, the Development Plan for Impacted Territories has been prepared in agreement with the impacted communities and public authorities, in accordance with the economic and social profile of each of these locations, and it aims to develop the economic vocation of the regions.

The initiatives will be directed to the areas of tourism, infrastructure, education, health, environment, and professional qualification. Construction and refurbishment of public facilities, cleaning and dredging of watercourses, construction of schools, as well as improvement of social and health programs are some of the actions to be carried out.

Additionally, Vale also informs that the amounts announced today were already included in the provisions reported in the Financial Statements for the first semester of 2019.

For further information, please visit our website (www.vale.com).

 

For further information, please contact:
+55-21-3485-3900

Andre Figueiredo: andre.figueiredo@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 the French Autorité des Marchés Financiers (AMF), and in particular the factors discussed under “Forward-Looking Statements” and “Risk Factors” in Vale’s annual report on Form 20-F.


Vale informs a set of initiatives for impacted territories