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Vale S.A. — Foreign Filer Report 2021
Dec 13, 2021
30050_ffr_2021-12-13_39700119-d80b-40a2-a48e-409308a03fd8.zip
Foreign Filer Report
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6-K 1 tm2134317d2_6k.htm FORM 6-K
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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
December 2021
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- .)
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Press Release
Vale announces the sale of its stake in California Steel Industries
Rio de Janeiro, December 13 th , 2021 - Vale S.A. (“Vale”) informs that its subsidiary Vale Canada Limited ("VCL") has entered into a binding agreement with Nucor Corporation (“Nucor”) by means of which VCL will indirectly sell its 50% ownership interest in California Steel Industries (“CSI”).
As a result of this transaction, upon closing, Vale will receive a cash purchase price of US$ 400 million for the 50% of the enterprise value, adjusted for net debt and working capital at closing. The closing of the transaction is expected for 1Q22, subject to usual conditions precedent in this sort of transaction.
The transaction reinforces Vale’s capital discipline, with focus on its core businesses and commitment to a leaner portfolio.
About CSI
CSI is a producer of flat-rolled steel and pipe products located in California, United States, with annual production capacity of approximately 2.5 million metric tons. Vale became a shareholder of CSI in 1984 and held 50% of the shares issued by CSI, sharing control with JFE Steel Corporation (“JFE”).
Gustavo Duarte Pimenta
Executive Officer of Investor Relations
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Ever since the Covid-19 outbreak began, our highest priority is the health and safety of our employees. Our IR team adopted work-from-home, and as we continue to face these new circumstances, we strongly recommend you prioritize e-mail and online engagement.
For further information, please contact:
Ivan Fadel: [email protected]
Andre Werner: [email protected]
Mariana Rocha: [email protected]
Samir Bassil: [email protected]
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.
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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.
| Vale S.A. |
|---|
| (Registrant) |
| /s/ Ivan Fadel | |
|---|---|
| Date: December 13, 2021 | Head of Investor Relations |
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