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VALE S.A.

(VALE3)
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Vale S A : informs on the Elephant dike

01/13/2022 | 03:51pm EDT

1/13/2022

Vale informs on the Elephant dike
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Vale informs that it has initiated the level 1 emergency protocol of the Elefante dike, located at the Água Limpa mine, in the municipality of Rio Piracicaba, MG. This measure became necessary after erosion on the structure's right abutment, associated with the heavy rains that hit the region, a situation that demands corrective actions, already initiated by the company. The Elefante dike serves to contain sediments and is being decharacterized. Its construction was carried out using the single-step method and its current sediment volume is around 200 thousand cubic meters.

Vale emphasizes that the Elefante dike's overall stability was not compromised and that there is no permanent presence of people in the corresponding Self-Rescue Zone. There are also no impacts on the company's production. The anomaly was reported to the authorities and to the audit of the Public Prosecutors' Office of the State of Minas Gerais and continue to be monitored by Vale's specialized teams and by the respective Engineer of Record. Vale maintains the continuous management and monitoring of its dams and geotechnical structures.

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Vale SA published this content on 13 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 January 2022 20:50:00 UTC.


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Financials (USD)
Sales 2022 52 534 M - -
Net income 2022 19 124 M - -
Net Debt 2022 3 198 M - -
P/E ratio 2022 3,78x
Yield 2022 10,4%
Capitalization 82 218 M 82 303 M -
EV / Sales 2022 1,63x
EV / Sales 2023 1,71x
Nbr of Employees 74 316
Free-Float 89,1%
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Mean consensus BUY
Number of Analysts 9
Last Close Price 17,34 $
Average target price 22,57 $
Spread / Average Target 30,1%
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Managers and Directors
Eduardo De Salles Bartolomeo Chief Executive Officer
Gustavo Pimenta Executive VP-Finance & Investor Relations
Denis Cuenca Chief Compliance Officer
Lucio Azevedo Independent Director
Marcelo Gasparino da Silva Independent Director
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