Form 6-K Vale S.A. For: Sep 29
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
2016
Vale S.A.
Avenida das
Américas, No. 700 – Bloco 8, Sala 218
22640-100 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 ☒
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
☒
(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
☒
(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
☒
(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
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Vale informs on the evolution of the
Coal deal
Rio de Janeiro, September
29th, 2016 – Vale S.A. (Vale) informs the approval
of new terms related to its transaction with Mitsui & Co., Ltd.
(Mitsui) associated with the divestment of part interest in the
Moatize coal mine and the Nacala Logistics Corridor (NLC).
Under the new terms, Mitsui agreed to
contribute up to US$ 450 million, being: (i) an aggregate of US$
255 million for a 15% of Vale’s stake in the Moatize coal
mine (Vale currently holds 95% of the equity interest of the
Moatize coal mine); and (ii) an additional contribution of up to
US$ 195 million based on meeting certain conditions, including mine
performance.
Mitsui will also contribute US$ 348
million for a 50% stake in the equity and quasi-equity instruments
of the NLC and extend a long-term facility of US$ 165 million to
the NLC.
Vale expects to receive US$ 768
million after the completion of the equity transaction with Mitsui,
and up to US$ 2.7 billion upon closing the Project Financing. The
completion of the equity transaction continues to relate to the
successful completion of the Project Financing.
All figures above pertaining to the
valuation of the Moatize Mine assume the mine will pay logistics
service tariffs to the NLC to economically support the repayment of
the US$ 2.7 billion Project Finance package.
The agreement demonstrates
Vale’s and Mitsui’s commitment to the transaction and
reinforces their focus on completing the project financing for the
NLC.
Vale reaffirms the strategic
importance of the partnership with Mitsui and its confidence on
completing both the equity transaction and the project financing
shortly.
For
further information, please contact:
+55-21-3485-3900
Andre
Figueiredo: [email protected]
Carla Albano Miller:
[email protected]
Fernando Mascarenhas:
[email protected]
Andrea Gutman:
[email protected]
Bruno Siqueira:
[email protected]
Claudia Rodrigues:
[email protected]
Denise Caruncho:
[email protected]
Mariano Szachtman:
[email protected]
Renata Capanema:
[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 the French Autorité des Marchés Financiers
(AMF), and in particular the factors discussed under
“Forward-Looking Statements” and “Risk
Factors” in Vale’s annual report on Form
20-F.
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.
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Vale
S.A.
(Registrant)
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Date
September 29,
2016
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By:
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/s/
André
Figueiredo
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Director of
Investor Relations
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