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MarketScreener Homepage  >  Equities  >  Bolsa de Valores de Sao Paulo  >  Vale S.A.    VALE3   BRVALEACNOR0

VALE S.A.

(VALE3)
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End-of-day quote. End-of-day quote Bolsa de Valores de Sao Paulo - 01/18
94.31 BRL   +0.81%
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Vale S A : 11/20/2020 Vale clarifies on negotiations for agreement

11/20/2020 | 06:39pm EST

11/20/2020

Vale clarifies on negotiations for agreement
Page Content
Rio de Janeiro, November 20th, 2020 - Vale S.A. ('Vale' or 'company') clarifies, with respect to several news released in the press, that it continues to maintain a constructive dialogue with the State of Minas Gerais and with federal and state institutions of Justice, aiming at a possible agreement on benefit of the entire State and, especially, of the populations of Brumadinho and the impacted municipalities along the Paraopeba river trough.

The negotiations take place within the scope of the mediation body of the Court of Justice of Minas Gerais, titled CEJUSC. The parties negotiate the content of an agreement that can bring proper governance and legal certainty. There is still no definition of values for an eventual agreement. A new hearing is scheduled for December 9th, 2020.

The values of a possible agreement should consider several economic aspects, including some disbursements in progress or already incurred. For this reason, the figures mentioned so far are speculative and have no direct relationship with the requests from the public civil actions' plaintiffs.

At the hearing held on November 17th, 2020, it was agreed that Vale will extend the emergency payment until December 2020. Vale is committed to updating the market when and if there are concrete elements which indicate a convergence to the agreement.

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:

Vale.RI@vale.com
Ivan Fadel: ivan.fadel@vale.com
Andre Werner: andre.werner@vale.com
Mariana Rocha: mariana.rocha@vale.com
Samir Bassil: samir.bassil@vale.com

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.

​​

Disclaimer

Vale SA published this content on 20 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 November 2020 23:38:02 UTC


© Publicnow 2020
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Financials (USD)
Sales 2020 38 152 M - -
Net income 2020 8 781 M - -
Net Debt 2020 2 712 M - -
P/E ratio 2020 10,6x
Yield 2020 3,62%
Capitalization 91 351 M 92 019 M -
EV / Sales 2020 2,47x
EV / Sales 2021 2,03x
Nbr of Employees 79 646
Free-Float 76,8%
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Technical analysis trends VALE S.A.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 8
Average target price 20,90 $
Last Close Price 17,81 $
Spread / Highest target 46,9%
Spread / Average Target 17,4%
Spread / Lowest Target 0,37%
EPS Revisions
Managers and Directors
NameTitle
Eduardo Bartolomeo Chief Executive Officer
José Maurício Pereira Coelho Chairman
Luciano Siani Pires Executive Director-Finance & Investor Relations
Oscar Augusto de Camargo Filho Director
Marcel Juviniano Barros Director
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