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Vale announces an extension of the negotiation period with Federal Prosecutors

Rio de Janeiro – WEBWIRE

Vale was notified today of the decision rendered by the 12th Federal Court of Minas Gerais that accepted the request jointly made by Samarco, Vale BHP Brasil and the Federal Prosecutors to postpone until the 20th of April of 2018 the negotiation period of a new agreement regarding, among other matters, governance for the execution of the remediation programs. During this period, the suspension of the legal proceedings and injunctions involving the parties and in course before the 12th Federal Court of Minas Gerais will remain.


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 the French Autorité des Marchés Financiers (AMF), and in particular the factors discussed under “Forward-Looking Statements” and “Risk Factors” in Vale’s annual report on Form 20-F.

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