United States
Securities and Exchange Commission
Washington,
D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the
Securities Exchange Act of 1934
For the month of
June 2020
Vale S.A.
Praia de Botafogo nº 186, 18º
andar, Botafogo
22250-145 Rio de Janeiro, RJ, Brazil
(Address of principal executive office)
(Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F.)
(Check One) Form 20-F x Form
40-F ¨
(Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1))
(Check One) Yes ¨
No x
(Indicate by check mark if the registrant is submitting the
Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7))
(Check
One) Yes ¨ No x
(Indicate by check mark whether the registrant by furnishing
the information contained in this Form is also thereby furnishing information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.)
(Check One) Yes ¨
No x
(If “Yes” is marked, indicate below the file number
assigned to the registrant in connection with Rule 12g3-2(b). 82- .)
Vale informs on the
interdiction of the Itabira Complex and the support to fight COVID-19
Rio de Janeiro, June 6th, 2020
– Vale SA (“Vale”) informs, pursuant to the CVM1 Instruction No. 358/2002, as subsequently amended,
that, on June 5th, 2020, it adopted the necessary measures to suspend the activities of the Itabira mining complex,
comprising by the Conceição, Cauê and Periquito mines, in compliance with a decision issued by the Regional
Labour Court of the 3rd Region, which reinstated the effects of the Interdiction Term issued by the Sub-Secretariat for Labour
Inspection, in Minas Gerais. The ruling will remain in effect until judgment on the merits of the action or until the implementation
of control measures to protect from COVID-19 as defined by the labour inspectors, under penalty of a daily fine in the amount of
R$ 500,000.00, fixed in a decision issued on June 6th, 2020 by the same court. Vale informs that the shutdown of the
activities at these mines follows all technical criteria and safety protocols, to protect the health of workers.
Vale also informs 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, as following
described.
Mass testing
Since the
beginning of the pandemic, Vale has been carrying out a series of actions aimed at preventing and mitigating the effects caused
by COVID-19. The World Health Organization (WHO) protocol, strictly followed by Vale, is to test, remove, track and treat positive
or suspicious cases. By following the WHO protocol and taking the correct measures, Vale contributes to the control
of COVID-19 in the cities where it operates.
Following this philosophy and in line with
the WHO recommendations, Vale has been promoting mass testing of its employees in Brazil, thus allowing the mapping of people who
have had contact with the virus and are asymptomatic. Until June 5th, over 75% of the company's workforce (own and third
parties) in the country were tested. In Itabira, almost the entire workforce at site was tested.
Mass testing
offers greater transparency of the number of Vale employees who had contact with the virus, which contrasts with the lower incidence
in the surrounding communities, where there is no large-scale testing. Thus, the company will remain with the firm purpose
of supporting the municipalities where it operates in the testing process, as is the case in Itabira, while keeping other measures
such as the donation of 5 million tests to the Brazilian Government.
Other preventive measures
In addition to mass testing, Vale has adopted
several other measures aimed at ensuring the safety of its employees and collaborators, such as: (i) adoption of the "home
office" system; (ii) work-at-home for workers over 60 years old or with risk factors, regardless of their functions; (iii)
reduction of personnel in operations and scheduling of shifts; (iv) the mandatory use of masks in the units; (v) daily screening
on the arrival of workers, with body temperature measurement and health questionnaire for 100% of the workforce; (vi) measures
of social distancing and control, such as increasing the bus fleet to reduce occupancy and reducing the number of employees in
restaurants; and (vii) constant cleaning of the facilities.
1 Securities and Exchange Commission of Brazil.
Production guidance
The iron ore fines production guidance
of 310-330 Mt in 2020 considers a negative impact of 15Mt from eventual impacts resulting from the fight against COVID-19. Considering
(i) the expected monthly production of 2.7Mt from the Itabira Complex for the coming months and (ii) the provisioning of up to
15Mt of losses associated with COVID-19 in 2020, there is no need, at this moment, to revise the guidance. Vale informs, however,
that there may be a temporary shortage of pellets for the domestic market, while the Itabira Complex shutdown remains, given that
the complex provides pellet feed for the pelletizers of the Tubarão Complex.
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.
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.
Signatures
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Vale S.A.
(Registrant)
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By:
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/s/ André Figueiredo
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Date: June 6th, 2020
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Director of Investor Relations
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