United States
Securities and Exchange Commission
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the
Securities Exchange Act of 1934
For the month of
February 2012
Vale S.A.
Avenida Graça Aranha, No. 26
20030-900 Rio de Janeiro, RJ, Brazil
(Address of principal executive office)
(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)
(Check One) Form 20-F x Form 40-F o
(Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1))
(Check One) Yes o No x
(Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7))
(Check One) Yes o No x
(Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.)
(Check One) Yes o No x
(If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b). 82- .)
CNPJ 33.592.510/0001-54
NIRE 33.300.019.766
EXTRACT OF MINUTES OF REGULAR MEETING OF THE FISCAL COUNCIL
At 9:00 am on February 15, 2012, a regular meeting was held at the head office of Vale S.A. (Vale), at Avenida Graça Aranha no. 26, in the city of Rio de Janeiro, RJ, attended by Marcelo Amaral Moraes, Aníbal Moreira dos Santos, Antônio Henrique Pinheiro Silveira, and Arnaldo José Vollet. The following agenda items were discussed:
2 AUDIT OF FINANCIAL STATEMENTS (BR GAAP AND US GAAP) AND SOX CERTIFICATION OF INTERNAL CONTROLS BY EXTERNAL AUDITORS: The Fiscal Council had a meeting with Ronaldo Valiño, Marcos Panassol and Murilo Muller of PwC, who explained the work conducted in auditing the financial statements and certifying internal controls (SOX) at Vale and its subsidiaries, in Brazil and other countries. They took questions from the Fiscal Council members and presented their auditors report (USGAAP and BRGAAP/IFRS) and auditors statement of independence.
3 ISSUANCE OF OPINION ON THE BOARD OF DIRECTORS REPORT AND FINANCIAL STATEMENTS OF VALE S.A. FOR THE 2011 FINANCIAL YEAR: The Fiscal Council, having previously read the Board of Directors Report and Executive Boards Proposal for Distribution of Net Profits for the financial year ended December 31, 2011, issued an OPINION OF THE FISCAL COUNCIL ON THE BOARD OF DIRECTORS REPORT AND FINANCIAL STATEMENTS OF VALE S.A, ON DECEMBER 31, 2011 and an OPINION OF THE FISCAL COUNCIL ON THE PROPOSAL FOR DISTRIBUTION OF PROFITS FOR THE FINANCIAL YEAR ENDED DECEMBER 31, 2011. I hereby attest that the information above were excerpted from the Minutes taken from the Registry of the Minutes of the Fiscal Council of Directors Meetings of the Company.
Rio de Janeiro, February 15, 2012
Cleber Santiago
Secretary of the Fiscal Council
OPINION OF THE FISCAL COUNCIL ON THE PROPOSAL FOR THE DESTINATION OF EARNINGS FOR THE YEAR ENDED DECEMBER 31, 2011
The Fiscal Council of Vale SA (Vale) in carrying out its legal and statutory duties, having examined the Proposal of the Board for the destination of earnings for the year ended 31 December, 2011, is of the opinion that the mentioned information that should be approved by the Annual Stockholders General Meeting of the Company.
Rio de Janeiro, February 15, 2012.
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Marcelo Amaral Moraes |
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Arnaldo José Vollet |
Chairman |
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Member |
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Aníbal Moreira dos Santos |
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Antônio Henrique Pinheiro Silveira |
Member |
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Member |
OPINION OF THE FISCAL COUNCIL ON THE ANNUAL REPORT AND FINANCIAL STATEMENTS OF VALE S.A. FOR THE FISCAL YEAR ENDED DECEMBER 31, 2011.
The Fiscal Council of Vale S.A. (Vale), in carrying out its legal and statutory duties, after examining the Companys Annual Report, Balance Sheet, Statement of Income, Statement of Comprehensive Income, Statement of Cash Flows, Statement of Changes in Stockholders Equity, Statement of Added Value and the respective Notes of the Financial Statements relative to the fiscal year ended December 31, 2011 and based on the opinion of the independent auditors, is of the opinion that the mentioned information, examined in accordance with applicable corporate legislation should be approved by the Annual Stockholders General Meeting of the Company.
Rio de Janeiro, February 15th, 2012.
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Marcelo Amaral Moraes |
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Arnaldo José Vollet |
Chairman |
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Counselor |
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Aníbal Moreira dos Santos |
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Antônio Henrique Pinheiro Silveira |
Counselor |
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Counselor |
BOARD OF DIRECTORS REPORT ON PROPOSAL FOR THE DESTINATION OF EARNINGS FROM THE FISCAL YEAR ENDED DECEMBER 31, 2011
The Board of Directors of Vale S.A. (Vale), after conducting the analysis of the Executive Officer Boards proposal for the destination of profits earned in the fiscal year ended December 31, 2011, is favorable to the submission of such proposal to the shareholders resolution at the Ordinary General Shareholder Meeting to be held in April, 2012.
Rio de Janeiro, February 15, 2012.
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Ricardo José da Costa Flores |
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Renato da Cruz Gomes |
Chairman |
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Director |
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Robson Rocha |
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José Ricardo Sasseron |
Director |
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Director |
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Paulo Soares de Souza |
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João Moisés de Oliveira |
Director |
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Director |
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Nelson Henrique Barbosa Filho |
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Fuminobu Kawashima |
Director |
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Director |
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José Mauro Mettrau Carneiro da Cunha |
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Eduardo de Oliveira Rodrigues Filho |
Director |
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Director |
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Paulo Sergio Moreira da Fonseca |
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Director |
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BOARD OF DIRECTOR´S REPORT ON MANAGEMENT REPORT AND ON THE FINANCIAL STATEMENTS FOR THE FISCAL YEAR ENDED DECEMBER 31, 2011
The Board of Directors of Vale S.A. (Vale), after conducting the analysis of the managements report as well as of the financial statements for the fiscal year ended December 31, 2011, unanimously resolved to approve such proposal.
Due to the resolution above, the Board of Directors is favorable to the submission of such documents to the shareholders resolution at the Ordinary General Shareholder Meeting to be held in April, 2012.
Rio de Janeiro, February 15, 2012.
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Ricardo José da Costa Flores |
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Renato da Cruz Gomes |
Chairman |
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Director |
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Robson Rocha |
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José Ricardo Sasseron |
Director |
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Director |
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Paulo Soares de Souza |
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João Moisés de Oliveira |
Director |
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Director |
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Nelson Henrique Barbosa Filho |
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Fuminobu Kawashima |
Director |
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Director |
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José Mauro Mettrau Carneiro da Cunha |
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Eduardo de Oliveira Rodrigues Filho |
Director |
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Director |
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Paulo Sergio Moreira da Fonseca |
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Director |
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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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Vale S.A | |
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(Registrant) | |
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By: |
/s/ Roberto Castello Branco |
Date: February 27, 2012 |
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Roberto Castello Branco |
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Director of Investor Relations |