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5/31/23

Investors

Vale informs the Samarco’s Judicial Reorganization plan


Vale informs that it has entered, together with BHP Billiton Brasil Ltda, Samarco Mineração S.A. 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. 

 

Media Relations Office - Vale
imprensa@vale.com

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