Report of Foreign Issuer (6-k)
July 30 2020 - 7:29AM
Edgar (US Regulatory)
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
July 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 process of early extensions of railway concessions
Rio de Janeiro, July 29th, 2020
- Vale SA (“Vale”) informs that, in a virtual session held today, the Plenary of the Federal Auditor Court (“Tribunal”
or “TCU”) decided to submit the proceedings TC-018.842/2019-4 and 018.841/2019-8 to the National Land Transportation
Agency (“ANTT”) and the Ministry of Infrastructure (“MINFRA”) for the evaluation of the determinations
and recommendations made by the Court on technical studies and legal documents related to the early extensions, for another 30
years, of the concession contracts for the Estrada de Ferro Vitória a Minas (“EFVM”) and the Estrada de Ferro
Carajás (“EFC”), both granted to Vale until June 2027 and whose extension is proposed until June 2057. This
is an important step provided for in Brazilian Law no. 13.448/17 and essential for the signing of the Amendment Terms to the EFVM
and EFC concession contracts.
Following the TCU ruling’s publication
and the considerations and adjustments to be promoted by ANTT and MINFRA, Vale will evaluate the technical-administrative and economic-financial
conditions established for the early extension of the EFVM and EFC concession contracts and submit the proposal for the appreciation
of its Board of Directors.
Vale believes that the anticipated extensions
of its concessions are advantageous for society, since they present a series of benefits for the communities close to its concessions
and for the economic development of the country, being also beneficial to the company, in view of the nature of its business, whereby
the investment decision is guided by a long-term vision, being both the guarantee of maintaining the integrated logistics model
and the railway flow capacity fundamental for the company's investment decision making and, consequently, its operational continuity.
Vale also informs, based on preliminary
expectations and subject to the approval of its Board of Directors, that disbursements for the early extensions of railway concessions
have already been considered in the company's long-term investment planning.
Luciano Siani Pires
Executive Officer of Investor Relations
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.
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.
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(Registrant)
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By:
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/s/ Ivan
Fadel
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Date: July 29, 2020
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Head of Investor Relations
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