Vale informs on the suspension of interdiction of the Itabira Complex

6/17/2020

Vale informs on the suspension of interdiction of the Itabira Complex

Rio de Janeiro, June 17th, 2020 – Vale S.A. (“Vale”) informs that, on this date, the Sub-Secretariat for Labour Inspection, in Minas Gerais, issued a Term of Suspension of Interdiction of the Itabira mining complex, comprising by the Conceição, Cauê and Periquito mines, determining the total suspension of the interdiction initially determined by the Sub-Secretariat for Labour Inspection itself, which concluded in its technical report that additional measures adopted by Vale were considered satisfactory to mitigate the risk of workers’ contamination during their labour activities. 

Vale reaffirms that it is aware of its socioeconomic responsibility and, since the beginning of the pandemic, it has been looking for ways to contribute to the Brazilian society in the fight against the virus, protecting its employees and the communities close to its operations.

The Itabira Complex activities were halted since June 5th, 2020 and the production impact was lower than 1 Mt. The operation will be gradually resumed and there is no need to revise the iron ore production guidance of 310-330 Mt in 2020.

 

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.

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Vale informs on the suspension of interdiction of the Itabira Complex