Vale informs on the hiring of expert panel, by the American law firm Skadden, to assist in the investigation of the causes of the dam breach in Brumadinho

2/8/2019

Vale informs on the hiring of expert panel, by the American law firm Skadden, to assist in the investigation of the causes of the dam breach in Brumadinho

Rio de Janeiro, February 8th, 2019 – Vale S.A. (the “Company”) announced today that its counsel, Skadden, Arps, Slate, Meagher & Flom LLP (“Skadden”) will retain on behalf of and at the direction of Vale, the following four outside experts (collectively, the “Expert Panel”) who will provide an assessment of the technical causes of the rupture of Dam I in Brumadinho, Minas Gerais: 
 
Dr. Peter K. Robertson, Technical Advisor, Gregg Drilling & Testing, Inc., and Professor Emeritus, University of Alberta; Chairperson of Expert Panel 
 
Dr. Lucas de Melo, Senior Principal Engineer at Geosyntec Consultants, and Lecturer, The Johns Hopkins University; 
 
Dr. David J. Williams, Golder Professor of Geomechanics and Director of Geotechnical Engineering Centre, School of Civil Engineering, University of Queensland; and 
 
Dr. G. Ward Wilson, Professor of Geotechnical and Geoenvironmental Engineering, University of Alberta. 
 
The Company also announced that it is clarifying the previously disclosed roles of Skadden and the Expert Panel. Skadden was retained as legal counsel to the Company to provide legal advice regarding the rupture of Dam I in Brumadinho, Minas Gerais. The Expert Panel, which will work on a privileged basis at the direction of Skadden to assist it in rendering legal advice to the Company, will provide an assessment and report of the technical causes for the rupture of the dam. In so doing, the Expert Panel will utilize its professional expertise and judgment. Neither Skadden nor the Expert Panel will undertake their work independent of the Company and are not retained by the Extraordinary Independent Consulting Committee for Investigation. 

 

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

André Figueiredo: andre.figueiredo@vale.com
André Werner: andre.werner@vale.com
Fernando Mascarenhas: fernando.mascarenhas@vale.com
Samir Bassil: samir.bassil@vale.com
Bruno Siqueira: bruno.siqueira@vale.com
Clarissa Couri: clarissa.couri@vale.com
Julio Molina: julio.molina@vale.com
Luiza Caetano: luiza.caetano@vale.com
Renata Capanema: renata.capanema@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 on the hiring of expert panel, by the American law firm Skadden, to assist in the investigation of the causes of the dam breach in Brumadinho