Vale (VALE3) reports on the decision of the English Court of Appeal

Posted at 8:38 AM

Vale (VALE3) reports that in a decision published on Friday the 24th, the English Court of Appeal rejected Vale’s request to hear an appeal relating to the court’s jurisdiction to rule on a shareholding claim brought by BHP against the company.

“It is important to clarify that the merits of the above-mentioned action have not yet been evaluated or judged,” the Brazilian mining company highlighted, noting that in the shareholding action, BHP is asking Vale to obtain a proportionate financial participation, if BHP is found guilty of making payments in the class action. Filed in the United Kingdom due to the collapse of the Fundão dam in Samarco in 2015.

“Vale, as a shareholder of Samarco, realizes that the solutions created by the agreements in Brazil, especially the TTAC Agreement, are able to meet the requirements of foreign operation,” Vale emphasized, reinforcing the commitment to repair the damage caused by the dam rupture, in accordance with the agreements signed with the Brazilian authorities. for this purpose.

On WhatsApp:

To receive general news about Brazilian companies (dividends, relevant facts) click on the link: https://chat.whatsapp.com/L8BNRo5ZFDNGQkEAsobkOy Or access channel From financial news on WhatsApp: https://whatsapp.com/channel/0029VaAwVgj6WaKuvaXNhM2T

To receive BDR earnings news only, click on the link:

https://chat.whatsapp.com/BR6UNQlslx9HOzx1cI64Z5

On telegram

To follow company news, join this group:https://t.me/joinchat/AAAAAFdKtmVSmTmfF68jIA

For graphical analysis, enter this combination: https://t.me/joinchat/AAAAAFk1BILf5KNH9DlQ3A

For BDR earnings news, join this group: https://t.me/+IIIPpM3eY5g2NTgx