Vale clarifies Public Civil Action
Rio de Janeiro, May 04, 2016 � Vale S.A. (�Vale�) discloses that, pursuant to CVM Instruction No. 358/2002, as amended, it has learned that a Public Civil Action (A��o Civil P�blica) has been filed by the Federal Public Prosecutor (Minist�rio P�blico Federal, or �MPF�) relating to the accident at the tailings dam of Samarco Minera��o S.A. (�Samarco�), before the 12th Federal Court at Belo Horizonte, against Samarco, BHP Billiton Brasil Ltda. (�BHP�), Vale, the Brazilian Government, the states of Minas Gerais and Esp�rito Santo, the National Water Agency (Ag�ncia Nacional das �guas � ANA), the Brazilian Institute for the Environment and Renewable Natural Resources (Instituto Brasileiro de Meio Ambiente e dos Recursos Naturais Renov�veis � IBAMA), the National Department of Mineral Production (Departamento Nacional de Produ��o Mineral � DNPM), the Chico Mendes Biodiversity Institute (Instituto Chico Mendes de Biodiversidade � ICMBio), the National Foundation for Indigenous People (Funda��o Nacional do �ndio � FUNAI), the National Sanitation Agency (Ag�ncia Nacional de Vigil�ncia Sanit�ria � ANVISA), the Institute for the National Historical and Artistic Patrimony (Instituto do Patrim�nio Hist�rico e Art�stico Nacional � IPHAN), the Brazilian national development bank Banco Nacional de Desenvolvimento Econ�mico e Social � BNDES, the State Forestry Institute (Instituto Estadual de Florestas � IEF), the Minas Gerais Water Management Institute (Instituto Mineiro de Gest�o de �guas � IGAM), the State Environmental Foundation (Funda��o Estadual de Meio Ambiente � FEAM), the Minas Gerais State Institute for Historical and Artistic Patrimony (Instituto Estadual do Patrim�nio Hist�rico e Art�stico de Minas Gerais � IEPHA), the States Environmental and Water Resources Institute (Instituto Estadual de Meio Ambiente e Recursos H�dricos � IEMA), the Esp�rito Santo Agriculature and Forestry Institute (Instituto de Defesa Agropecu�ria e Florestal do Esp�rito Santo � IDAF) and the State Water Resources Agency (Ag�ncia Estadual de Recursos H�dricos � AGERH). The Public Civil Action requests a variety of relief and states a total value of 155,052,000,000 Brazilian reais.
Vale clarifies that, according to the MPF complaint, the stated value is not based on the Samarco dam accident, but rather on an unjustified comparison with the Deepwater Horizon oil spill in the Gulf of Mexico.
Vale will take all necessary steps to defend itself.
Finally, Vale also discloses that Samarco has taken all necessary emergency actions in connection with the accident, and that studies and social, economic and environmental remedial measures are already under way, pursuant to the agreement already entered into by Samarco, BHP and Vale with the federal authorities and the Minas Gerais and Esp�rito Santo state authorities. |
For further information, please contact:
+55-21-3485-3900 Rogerio Nogueira: rogerio.nogueira@vale.com Andre Figueiredo: andre.figueiredo@vale.com Carla Albano Miller: carla.albano@vale.com Fernando Mascarenhas: fernando.mascarenhas@vale.com Andrea Gutman: andrea.gutman@vale.com Bruno Siqueira: bruno.siqueira@vale.com Claudia Rodrigues: claudia.rodrigues@vale.com Mariano Szachtman: mariano.szachtman@vale.com Renata Capanema: renata.capanema@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 and not on historical facts, 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 Comiss�o de Valores Mobili�rios (CVM), the French Autorit� des March�s Financiers (AMF), and The Stock Exchange of Hong Kong Limited, 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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