Other Events ·
Vale S.A. disclosed a response to the Brazilian Securities and Exchange Commission (CVM) regarding an inquiry from…
VALEVale S.A.
Vale S.A. disclosed a response to the Brazilian Securities and Exchange Commission (CVM) regarding an inquiry from shareholders Geração L. Par Fundo de Investimentos em Ações and Banco Clássico S.A. The inquirers challenged the governance and independence of the nomination process for the Chairman of the Board of Directors ahead of an Extraordinary General Meeting (EGM) on July 22, 2026. Specifically, they questioned whether the support of shareholder PREVI (holding 7.01% of capital) for candidate Manuel Lino Silva de Sousa Oliveira violated independence criteria and previous governance commitments. Vale and PREVI denied that PREVI formally nominated the candidate, asserting that the candidate is an independent director and that the EGM process follows Brazilian Corporate Law. Vale operates in the mining industry, primarily producing iron ore and nickel.