Vale on Ferrous Resources operations

8/15/2019

Vale on Ferrous Resources operations

Rio de Janeiro, August 15th, 2019 - Vale S.A. informs that it has decided on this date to temporarily halt the operation of the Viga concentration plant of Ferrous Resources do Brasil, whose acquisition was announced on August 1st, 2019, as it identified an inconsistency in the documents related to the operation permit from the municipality of Jeceaba. The operations at the Viga mine are not affected by this decision and will continue as usual.

Vale emphasizes that Ferrous complies with all the requirements for the issuance of the operation permit and that it shall resume its full operations when the documentation is deemed appropriate. The operation permit bears no relation to the safety of the tailings dam or the Ferrous operations.

The estimated impact of the temporary halting of Ferrous operations is approximately 330 thousand ton of iron ore production per month.

 

For further information, please contact:
+55-21-3814-4540

Rogério Nogueira: rogerio.nogueira@vale.com
André Figueiredo: andre.figueiredo@vale.com
Carla Albano Miller: carla.albano@vale.com
Fernando Mascarenhas: fernando.mascarenhas@vale.com
Andrea Gutman: andrea.gutman@vale.com
Bruno Siqueira: bruno.siqueira@vale.com
Claudia Rodrigues: claudia.rodrigues@vale.com
Marcio Loures Penna: marcio.penna@vale.com
Mariano Szachtman: mariano.szachtman@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 and not on historical facts, 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), the French Autorité des Marchés Financiers (AMF), and The Stock Exchange of Hong Kong Limited, and in particular the factors discussed under “Forward-Looking Statements” and “Risk Factors” in Vale’s annual report on Form 20-F.


Vale on Ferrous Resources operations