Vale S.A. — Regulatory Filings 2015

Sep 29, 2015

*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*

*September 2015*

*Vale S.A.*

*Avenida Graça Aranha, No. 26 20030-900 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 o

(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 o 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 o 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 o No x

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*COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES*

	Year ended December 31, — 2010		2011		2012		2013		2014		Six months ended June 30, — 2014		2015
	(US$ million)
Income before income taxes and equity results	20,314		26,799		5,387		6,731		1,109		5,332		(2,260	)
Fixed charges:
Interest costs - capitalized	164		234		335		235		588		193		373
Interest costs - expensed	2,646		2,465		1,251		1,335		1,148		784		423
	2,810		2,699		1,586		1,570		1,736		977		796
Amortization of capitalized interest	45		54		67		77		15		7		6
Distributed income of equity investees	1,161		1,038		460		834		568		219		212
	24,330		30,590		7,500		9,212		3,428		6,535		(1,246	)
Less: interest capitalized	(164	)	(234	)	(335	)	(235	)	(588	)	(193	)	(373	)
	24,166		30,356		7,165		8,977		2,840		6,342		(1,619	)
Ratio of earnings to fixed charges (1)	8.60		11.25		4.52		5.72		1.64		6.49		(2.03	)

(1) In the six months ended June 30, 2015, earnings available for fixed charges were inadequate to cover total fixed charges. The amount of the deficiency was US$2,415 million.

2

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*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.

(Registrant)
By:	/s/ Luciano Siani Pires
Date: September 29, 2015	Luciano Siani Pires
	Executive Director
By:	/s/ Humberto Freitas
	Humberto Freitas
	Executive Director

3

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