A Vale está oferecendo uma doação emergencial de R$ 100 mil às famílias dos falecidos e desaparecidos, conforme lista oficial validada pela Defesa Civil e disponibilizada no site da Vale. O atendimento começou na quinta-feira, dia 31. Os postos para registro estão localizados na Estação Conhecimento da Vale em Brumadinho e ainda no posto de atendimento instalado no Centro Comunitário de Córrego do Feijão.

Também será oferecido apoio financeiro humanitário para as famílias que residiam na Zona de Autossalvamento (ZAS), que receberão a doação no valor de R$ 50 mil, e para os que não têm residência, mas desenvolviam atividades rurais ou comerciais cadastradas pela companhia quando da elaboração do Plano de Ação de Emergência de Barragens de Mineração (PAEBM), no valor de R$ 15 mil. Os procedimentos para recebimento do apoio financeiro humanitário serão divulgados esta semana.

Lembrando que estas são doações voluntárias da empresa. Não se trata de indenização, que será acordada entre as partes em conjunto com as autoridades.

Assistência e auxílio-funeral

A empresa está disponibilizando assistência e auxílio-funeral às famílias das vítimas fatais atingidas pelo rompimento. A assistência inclui despesas de cartório, translado de corpos, urnas adornos, jazigos, sepultamento e afins. Será pago também auxílio-funeral no valor de R$3.928,34.
 
Serviço

Estação Conhecimento de Brumadinho: Rodovia MG 040, KM 49, Área Rural Brumadinho. Atendimento das 8h às 22h

Centro Comunitário Córrego do Feijão: Estr. p/ Casa Branca, Brumadinho. Atendimento das 8h às 22h

Escola Municipal Carmela Caruso Aluotto: Rua Hum, S/Nº, Prédio Escolar - Casa Branca. Atendimento das 8h às 17 horas

Ginásio Poliesportivo: Rua Itaguá 1.000, Progresso I, Brumadinho. Atendimento das 8h às 21 horas

Associação Comunitária Parque da Cachoeira: Rua Francisco Jorge Diniz, n. 40 - Bairro Parque das Cachoeira - Brumadinho esquina com rua São Judas Tadeu. Atendimento das 8h às 22h

IML BH: Rua Nicias Contentito 1291, Gameleira - Belo Horizonte. Atendimento das 8h às 20h

Hotel Intercity: Av. Amazonas, 7702, Gameleira - Belo Horizonte

Hotel Go Inn: Av. Del Rey, 233, Caiçara - Belo Horizonte
The Northern System achieved a quarterly production record of 56.9 Mt while the Southern and Southeastern Systems improved performance across operating units, notably in the Itabira Complex and Timbopeba site that ran for a full quarter after restarting in June, and with the resumption at Fazendão mine in July.  
Canais de atendimento:
0800 031 0831 (Alô Brumadinho)
0800 285 7000 (Alô Ferrovias)
0800 821 5000 (Ouvidoria da Vale)

Vale ESG approach

Environmental

In July, Vale signed a non-binding agreement with Kobe Steel and Mitsui for the creation of a new venture to deliver low CO2 metallics to the global market and new solutions to our clients. Additionally, as part of our PowerShift program to replace Vale's energy sources with clean ones, we developed, in partnership with Progress Rail, a new 100% electric, battery-powered switchyard locomotive, which is under tests. The equipment also reduces noise emission, which mitigates impacts on communities close to our operations. Also, Vale is installing at the Ilha Guaíba Port Terminal one of the country's largest lithium-ion battery energy storage systems to supply electrical demand as a strategy to replace fossil fuels, becoming operational by 1Q21.

In September, during Amazon Day, we disclosed our manifesto reaffirming our commitment to promote sustainable development in the Amazon region supporting indigenous culture, traditional communities and the fight against mining and illegal logging. We also endorse the inclusion of forests in carbon markets and environmental protection and restoration.

Social

We recognize the importance of the community's perception and the grievance mechanisms, serving to anticipate risks, impacts and possible conflicts and rights violations. From 2019 to 3Q20, we registered 22,300 community interactions in our channels globally, and we responded to 97% of them. During 2020, Vale integrated its grievance channels in Brazil and for 2021, will roll out the same initiative for the rest of its operations.

Vale liaises with local stakeholders to promote territorial development, preparing and implementing community engagement plans. Currently, we interact with 1,938 communities globally, of which 54% have community engagement plans developed in an active listening process.

Governance

Following the establishment of the Nomination Committee and aligned with best governance practices, in September, the Board of Directors approved the Nomination Policy, which sets principles, criteria and procedures to guide the choice of nominees for the positions of members of the Board of Directors, Advisory Committees and Executive Board. The Nomination Policy takes into consideration several aspects, including experience, knowledge, diversity and criteria for member independency.

The policy is available at Vale's ESG Portal.

Vale's performance in 3Q20

Proforma adjusted EBITDA reached US$ 6.224 billion, US$ 2.638 billion higher than in 2Q20 and the highest since 4Q13. While EBITDA improved in all Vale's business, the better result was mainly driven by the 26% increase of iron ore realized prices and 20% higher iron ore sales volumes in 3Q20.

Adjusted EBITDA, after US$ 129 million of expenses related to Brumadinho and COVID-19-related donations to support initiatives to fight the pandemic, totaled US$ 6.095 billion.

Ferrous Minerals EBITDA of US$ 5.856 billion in 3Q20 was US$ 2.354 billion higher than 2Q20.

. Vale's realized price for iron ore fines totaled US$ 112.1/t, an increase of US$ 23.2/t compared with 2Q20 reflecting the higher 62% Fe reference price and forward curve, on the back of strong Chinese demand.

. Iron ore fines C1 cash cost improved US$ 2.2/t, totaling US$ 14.9/t in 3Q20. The lower C1 cash cost was achieved as a result of the higher dillution of fixed costs (US$ 1.5/t) and the normalization of demurrage costs (US$ 0.9/t), both effects antecipated in the 2Q20 report. The positive effects were partially offset by the higher cost of third-party purchased ore (US$ 0.6/t). C1 cash cost excluding third-party purchases was US$ 12.5/t in the quarter, US$2.9/t lower than 2Q20. As a consequence of the higher iron ore price environment, the achievement of US$ 14.5/t of C1 cash cost in 2H20 may be challenging due to its effect on third party purchase costs.

. Maritime freight cost increased US$ 2.2/t, totaling US$ 15.7/t in 3Q20, driven mainly by the expected seasonally higher exposure to spot freight prices and the higher chartering and bunker oil fuel costs.

In August 2020, Vale approved the Serra Sul 120 Project, a multiyear investment of US$ 1.5 billion with start-up expected for 2024, including new mining areas in Serra Sul, duplication of the long-distance belt conveyor, new processing lines and the expansion of storage areas. The project provides flexibility to Vale's operations in the Northern System and aggregates important elements for the reduction of operational risk, adding reliability to the Northern System.

Base Metals business adjusted EBITDA was US$ 770 million in 3Q20, US$ 207 million higher than 2Q20, with the Copper business EBITDA reaching a record[6] US$ 380 million, mainly due to (i) higher nickel and copper realized prices, on stronger LME reference price, (ii) higher byproduct credits, especially gold, rhodium and palladium, and (iii) lower stoppage expenses with Voisey's Bay's resumption after care and maintenance.

In October 2020, Vale completed, together with Sumitomo Metal Mining Co., Ltd, the sale of 20% shareholding in PT Vale Indonesia to Inalum, therefore satisfying one of the requirements for the extension of PTVI's operations beyond 2025.

The Coal business EBITDA increased US$ 56 million in 3Q20 to negative US$ 213 million with higher metallurgical coal sales and fixed cost dilution after resumption of operations in June 2020. Vale expects to carry on its 3-month revamp plan starting in November 2020, after which a ramp up to 15 Mtpy run-rate production is expected.

Vale posted net income of US$ 2,908 million in 3Q20, US$ 1,913 million higher when compared to US$ 995 million recorded in 2Q20. The better result was mostly driven by the higher EBITDA in the quarter and the improvement in equity results, as in 2Q20 this line was impacted by provisions for future expenditures with Samarco and Renova Foundation. The positive effects were partially offset by higher financial expenses, from mark-to-market of the participative shareholders' debentures and the revaluation of  the fair value of financial guarantees issued by Vale.

Vale generated US$ 3,751 million in Free Cash Flow from Operations in 3Q20, US$ 3,474 million higher than in 2Q20, following the strong EBITDA and the gradual normalization of working capital, whose impact was US$ 769 million lower than in 2Q20.

In September 2020, Vale repaid US$ 5 billion from its revolving credit lines, which were disbursed in March 2020 amid the increased risks and uncertainties presented by the COVID-19 pandemic. The repayments fully reset the available funding from the revolving credit lines to its original amount.

Vale's liquidity position was also positively impacted by the proceeds from the notes issued in July 2020. Vale issued US$ 1.5 billion in notes due 2030 bearing a coupon of 3.75% per year, the lowest-ever yield for Vale's 10-year benchmark. It represented a successful return to the international debt capital market, from which it was absent since February 2017.

In 3Q20, Vale's Board of Directors approved the resumption of Shareholders Remuneration Policy and Vale distributed a total of US$ 3.327 billion in shareholders remuneration in relation to the company performance in 1H20 and the interest on equity announced in December 2019.