Vale reports on operation at Brucutu mine

Vale S.A. (“Vale”) informs that, in addition to the press release “Vale updates on the Laranjeiras tailings dam” of March 19th, 2019, it received from the State Agency for Environment and Sustainable Development (SEMAD) the Provisional Operational Authorization (APO) for the Laranjeiras dam, allowing the return of operations at the Brucutu mine in the next 72 hours. 

Additionally, Vale informs that the injunction decision of the 1st Civil Court of Nova Lima made today related to the Dique III dam will not have an additional impact on its production, given that the referred dam is located in the complex of Vargem Grande, which operations have already been halted by the National Mining Agency (ANM), as disclosed in the Press Release “Clarification on the Vargem Grande, Grupo and Forquilha I, II and III dams” of March 1st, 2019. Vale was not formally notified of the decision and will take the appropriate measures in due course. 

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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.