Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
25 February 2021 - 3:42AM
Edgar (US Regulatory)
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
February 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-_.)
Itabiruçu dam emergency level removal
Rio de Janeiro, February 23rd,
2021 - Vale S.A. ("Vale") informs that, in line with its iron ore production resumption plan, the emergency level of
the Itabiruçu dam, located at the Itabira Complex, has been removed after a thorough analysis of its geotechnical characteristics.
As of this moment, the dam is in compliance with the legal safety parameters and released.
The Itabiruçu dam
In October 2019, stemmed from Vale's
own assessment, in agreement with external inspection bodies, the disposal of tailings at the Itabiruçu dam was temporarily
suspended. During the shutdown, the dam adopted the Level 1 emergency protocol, in accordance with the National Mining Agency ("ANM"),
which did not require evacuation of the downstream population. Throughout this period, the Declaration of Stability Condition ("DCE")
remained valid.
The removal of the emergency level came
after an extensive geotechnical investigation campaign of the structure, which lasted about a year. During this period, with the
support of the Engineer of Record (EoR) and other specialized companies, several studies of foundations, geology, construction
method, among others, were carried out, which indicated, with greater precision, the current conditions of the dam. All the work
was monitored by the external technical advisory body of the Public Prosecutor's Office of Minas Gerais (MPMG) and validated by
the ANM.
The Itabira Complex
In 2020, 23.9 Mt of iron ore were produced
at the Itabira Complex, substantially below its 40 Mpta potential capacity. It is also important to clarify that complementary
geotechnical investigations are underway to determine the engineering measures for the continuity of the dam raising construction
works, thus increasing the operational flexibility of the complex, while the tailings filtration projects as a definitive solution
for the complex are being implemented, with start-up expected in 2022.
The Itabiruçu dam's safety adequacy
reinforces Vale's commitment to becoming one of the safest mining companies in the world and is another important step towards
resuming 400 Mtpa of iron ore production capacity by the end of 2022.
Luciano Siani Pires
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:
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.
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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By:
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/s/ Ivan Fadel
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Date: February 23, 2020
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Head of Investor Relations
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