Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
01 Junho 2023 - 7:05AM
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 2023
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 ¨
(Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(1))
(Check One)
Yes ¨ No x
(Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(7))
(Check
One) Yes ¨ No
x
(Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange
Act of 1934.)
(Check One)
Yes ¨ No x
(If “Yes” is marked, indicate below the file number assigned
to the registrant in connection with Rule 12g3-2(b). 82- .)
Samarco’s Judicial Reorganization plan reaches
agreement for its approval of debt restructuring
Rio de Janeiro, May 31, 2023 - Vale S.A. (“Vale”)
informs that it has entered, together with BHP Billiton Brasil Ltda (“BHP”), Samarco Mineração S.A. (“Samarco”)
and certain creditors which hold more than 50% of Samarco’s notes claims and uncovered bank debt claims, into a binding agreement,
that sets the parameters of Samarco’s debt restructuring to be implemented through a consensual restructuring plan, subject for
approval by the creditors and confirmed by the Judicial Reorganization (“JR”) court.
Under the terms agreed, Samarco should emerge from
the JR with a lean capital structure. Payments to the financial creditors will be made over time, in line with Samarco's operational ramp-up
and cash flow generation. Samarco´s contribution to fund the reparation will be capped from 2024 to 2030 at US$ 1 billion, with additional
contributions depending on excess cash flow generated by the company. The remaining reparation balance should be equally shared between
Vale and BHP.
Gustavo Duarte Pimenta
Executive Vice President, Finance and Investor
Relations
For further information, please contact:
Vale.RI@vale.com
Ivan Fadel: ivan.fadel@vale.com
Luciana Oliveti: luciana.oliveti@vale.com
Mariana Rocha: mariana.rocha@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.
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) |
|
|
|
By: |
/s/ Ivan Fadel |
Date: May 31, 2023 |
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Head of Investor Relations |
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