Vale on the activities of the Guaíba Island Terminal (TIG)

Vale informs that it received a notice from the Mangaratiba City Government, in Rio de Janeiro, earlier today, March 11th, 2019, ordering the temporary suspension of port activities at the Guaíba Island Terminal (“TIG”). 

Vale confirms that it has all the required licenses for the regular operation of the terminal, issued by the competent authorities and, accordingly, it will take all appropriate measures to ensure the reestablishment of its activities at TIG. 

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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.