Vale informs on the injunction to present guarantees

6/11/2020

Vale informs on the injunction to present guarantees

Rio de Janeiro, June 11, 2020 – Vale S.A. (“Vale”) updates on the press release “Vale becomes aware of a lawsuit filed by the MPMG” published on May 27th, 2020 and informs that the Court (TJMG) judge Peixoto Henriques, issued a provisional decision in order to grant the suspension of the request to present guarantees in the amount of R$ 7.9 billion. The court considered that there is no evidence of any risk that Vale would not comply with a future decision on the lawsuit. The suspension stands until a new decision to be made by the judge Belizario de Lacerda, that may confirm or modify the current decision.

 

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 informs on the injunction to present guarantees