Vale on Ferrous Resources

11/29/2019

Vale on Ferrous Resources

Rio de Janeiro, November 29th, 2019 – Vale S.A. (“Vale”) informs that it will resume, in 24 hours, the operations of the Viga concentration plant of Ferrous Resources do Brasil as a result of the regularization of the documents related to the operational permit from the municipality of Jeceaba, with approximately 330 thousand tons of iron ore production per month. 

The resumption of the Viga operations does not change the iron ore and pellets sales guidance of 307 – 312 Mt in 2019, 83 – 88 Mt in 4Q19 and 70 – 75 Mt in 1Q20.
 

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 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 on Ferrous Resources