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Brazilian mining company Vale SA (VALE, VALE5.BR) said Friday its board approved a new policy for information disclosure, replacing a policy in force since July 2002.
The new policy is based on the principles of transparency, information symmetry, uniformity of treatment and respect for investors' rights, Vale said in the policy, which is posted on its website. It aims to adhere to the best global practices of investor relations, it said.
Vale said its information disclosure will comply with laws and regulations from regulatory agencies in Brazil, the U.S., France and Hong Kong and the stock exchanges where its shares are listed.
Under the policy, Vale will make public strategic, administrative, technical, business, financial or economic information capable of affecting the prices of its securities and/or influencing investors' decisions to hold, buy or sell its securities or to exercise any shareholder rights, in accordance with the applicable rules enacted by the regulatory agencies and stock exchange commissions, it said.
-By Diana Kinch, Dow Jones Newswires; 55 21 7564 4495; Diana.Kinch@dowjones.com