Rio de Janeiro, May 13, 2016 - Vale S.A. ('Vale') discloses that, pursuant to CVM Instruction No. 358/2002, as amended, it has learned that a Public Civil Action (Ação Civil Pública) has been filed by Associação Indígena Bayaprã de Defesa do Povo Kikrin do O-Odja and Associação Indígena Porekro de Defesa do Povo Xikrin do Catetê ('Autoras'), related to the indigenous component study of the S11D Project environmental license before the 12th Federal Court at Marabá in the state of Para, against Vale S.A., Fundação Nacional do Índio - FUNAI, Instituto Brasileiro do Meio Ambiente e dos Recursos Naturais Renováveis - IBAMA and Banco Nacional do Desenvolvimento Econômico e Social - BNDES.
The authors of the claim are requesting the suspension of the environmental license of the S11D project until consultation with the supposed indigenous communities affected, the payment of R$ 2 million per month to the village until studies are finalized, material damage in the connection to the supposedly studies not realized and moral damages in the amount of R$ 1,000,000,000.00. Additionally, it was assigned the cause a value of R$ 72,385,600,000.00.
Vale clarifies that amount of the cause bears no relationship with any of the claims, being only indicated by the authors as 'S11D investment profile'. Moreover, the amounts requested in connection to moral damages and the request to consult the communities are completely unfounded, mainly due to the fact that these communities are located more than 12 kilometers away from the project, a longer distance than the 10 kilometers required by the legislation for mandatory consultation of indigenous communities during the environmental licensing process of projects.
Vale will adopt all measures to guarantee its right of defense in due legal course.
Finally, Vale also discloses that during the environmental licensing process it has taken all the required studies related to indigenous communities and has fulfilled all public audiences required by law, having the process being properly conducted by IBAMA and followed by FUNAI.
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Vale SA published this content on 13 May 2016 and is solely responsible for the information contained herein.
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