Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
May 13 2024 - 1:36PM
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
May 2024
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 ¨
Press Release |
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Vale de-characterizes B3/B4 dam
Rio de
Janeiro, May 13, 2024 - Vale S.A. ("Vale" or "Company") informs that it has completed the de-characterization1
of the B3/B4 dam ("Dam" or "B3/B4"), located at the Mar Azul Mine, municipality of Nova Lima (MG).
The B3/B4 dam
B3/B4
was classified with the highest emergency level in 2019, and in line with Vale's commitment to eliminating upstream dams, it is permanently
free of any risk to communities and the environment. This is the 14th upstream dam de-characterized by Vale since the Upstream
Dam De-characterization Program was created in 2019.
“In the de-characterization
process, we used, on a large scale, unmanned equipment controlled by an operations center located about 15 kilometers from the dam, resulting
in the removal of 3.3 million cubic meters of tailings. This innovative operational strategy was essential to eliminate workers' presence
at the dam until safety conditions were achieved”, informed Alexandre Pereira, Vale's Executive
Vice President for Projects.
As additional actions in the remaining area,
Vale will perform land reconformation works, implement a drainage system and revegetation. The backup dam built as a safety measure during
the dam’s de-characterization works will be removed for the area’s reintegration, making use of all the material and mitigating
impacts on communities and the environment.
Upstream Dam De-characterization Program
Since 2019, Vale has made consistent progress
on its commitment to eliminate its upstream dams. The structures being de-characterized remain inactive and are permanently monitored
by the company's Geotechnical Monitoring Centers (“CMGs”).
“We will continue to
advance with the execution of our Decharacterization Program, with safety and transparency, and effective safety improvement measures
until the elimination of all upstream dams in Brazil. We have already completed 46% of the program, with disbursements of US$1.7 billion,
and we expect to complete two more projects in 2024, reaching around 70% by the end of 2026. This measure is essential to ensure non-repetition
and to make Vale even safer”, stated Eduardo Bartolomeo, Vale's CEO.
Solutions applied are compatible
with each structure’s unique characteristics and prioritize people and environment’s safety. Independent audits and competent
authorities continuously assess and monitor activities. As a supplementary safety provision throughout the de-characterization works,
Vale built four backup dams to serve dams considered critical. More information on Vale's dam management is available at www.vale.com/dams.
Gustavo Duarte Pimenta
Executive Vice President, Finance and Investor
Relations
For further information, please contact:
Vale.RI@vale.com
Thiago Lofiego: thiago.lofiego@vale.com
Luciana Oliveti: luciana.oliveti@vale.com
Mariana Rocha: mariana.rocha@vale.com
Patricia Tinoco: patricia.tinoco@vale.com
Pedro Terra: pedro.terra@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.
1 A structure that no longer has
a tailings storage function is considered de-characterized. This result will be evaluated and validated by the Brazilian authorities in
due course.
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: |
/s/ Thiago Lofiego |
Date: May 13, 2024 |
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Director of Investor Relations |
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