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Vale S.A. — Regulatory Filings 2021
Nov 16, 2021
30050_ffr_2021-11-16_bbda3a4f-723a-43c2-8367-ffb4c835f3b2.zip
Regulatory Filings
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6-K 1 tm2131523d6_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
November 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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Vale and China Baowu sign MoU to develop steelmaking decarbonization solutions
Rio de Janeiro, November 11 th , 2021 – Vale S.A. (“Vale”) has signed a Memorandum of Understanding ("MoU") with China Baowu Steel Group Corporation Limited (“China Baowu”) in which both agreed to pursue opportunities to develop steelmaking solutions focused on reducing greenhouse gas emissions.
The MoU comprises the discussion to produce biochar and use it in blast furnaces in order to consume a carbon neutral material based on biomass instead of fossil energy. The MoU also intends to discuss a possible investment by Vale into China Baowu’s pilot biochar plant project, with an indicative amount ranging from sixty to seventy million renminbi.
This initiative contributes to achieving Vale’s commitment to reduce 15% of net Scope 3 emissions by 2035. Additionally, Vale seeks to reduce its absolute Scope 1 and 2 emissions by 33% by 2030 and achieve neutrality by 2050, in line with the Paris Agreement, leading the evolution process towards low carbon mining.
About China Baowu
China Baowu is the world’s biggest steel producer with around 115Mt crude steel production in 2020 on a consolidated basis. With the vision “to become a leader in global steel industry” and the mission to “jointly build high-quality steel ecosystem”, and with the corporate values of “integrity, innovation, synergy and sharing”, China Baowu commits itself to building a framework of coordinated development of related industries of new materials, intelligent services, resource and environment, industrial parks, and industrial finance etc. based on a green, premium and intelligent steel manufacturing industry through leaderships in technologies, benefits and scale.
Gustavo Duarte Pimenta
Executive Officer of Investor Relations
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: November 12, 2021 | Head of Investor Relations |
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