Vale on Brucutu operations
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Vale on Brucutu operations
Vale informs that it was summoned today based on the monocratic decision by the Minas Gerais Court of Justice (Tribunal de Justiça do Estado de Minas Gerais - "TJMG") suspending the effects of the ruling by the Lower Public Treasury Court of Belo Horizonte (1ª Vara da Fazenda Pública e Autarquias da Comarca de Belo Horizonte), within the scope of the public civil action n° 5013909-51.2019.8.13.0024, filed by Public Prosecution Office of the State of Minas Gerais on March 18th, 2019, that had authorized the resumption of activities at the Laranjeiras tailings dam and the Brucutu mine. Consequently, wet processing operations at Brucutu were stopped following the above mentioned TJMG decision.
Vale reiterates that the Laranjeiras dam and all the other geotechnical structures of Brucutu have valid Declaration of Stability (DCE) issued by external auditors in March 2019, and is taking the appropriate measures related to the decision.
Vale reaffirms its 2019 iron ore and pellets sales guidance of 307-332 Mt, as previously announced, and informs that its current sales volume expectation is currently between the bottom and the middle of the range.
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