Vale SA (NYSE:VALEPR.PFD)

$ 10.24 0 (0%) Market Cap: - Enterprise Value: 50.41 Bil PE Ratio: 5.20 PB Ratio: 1.18 GF Score: 85/100

Vale SA Day - London Transcript

Dec 04, 2019 / 11:30AM GMT

Transcript

Eduardo de Salles Bartolomeo

Vale S.A. - CEO

Thanks, everyone, for being here this morning with us. 2019 was -- it's been a tough year for Vale, one of the most challenging years for us. The Brumadinho tragedy cost the lives of our colleagues, our friends and community members. So I would like to begin this Vale Day asking a moment of silence for -- in the memory and in respect for the victims.

We will never forget Brumadinho. And for that, we are committed to build a safer and more reliable company. Since I took Vale's leadership in March, we've been vocal in saying 3 words: people, safety and reparation. Those 3 words have inspired us to create the road map that we believe is fundamental to derisk Vale. First of one is the reparation of Brumadinho. For that, we have already 400 people engaged in that sense. This department reports directly to me. The second is to assure that our dams are safe, that our assets are integral and that we are moving towards to be a safer company. Third, we need to bring back volumes on a sustainable way. We're going to discuss this later. And finally, we have to

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