Vale S.A. Discloses Related Party Transaction
Ticker: VALE · Form: 6-K · Filed: Aug 28, 2024 · CIK: 917851
| Field | Detail |
|---|---|
| Company | Vale S.A. (VALE) |
| Form Type | 6-K |
| Filed Date | Aug 28, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $159.0 m, $95.3 million, $63.7 million, $277.9 m |
| Sentiment | neutral |
Sentiment: neutral
Topics: related-party-transaction, disclosure, corporate-governance
TL;DR
Vale disclosed a related party transaction on 8/27, details TBD.
AI Summary
Vale S.A. announced on August 27, 2024, a transaction with a related party in accordance with CVM Resolution No. 80. The filing does not disclose the name of the related party or the specifics of the transaction, only that it is being reported.
Why It Matters
This filing indicates Vale is engaging in transactions with parties connected to the company, which can be important for understanding corporate governance and potential conflicts of interest.
Risk Assessment
Risk Level: medium — Related party transactions can sometimes indicate potential conflicts of interest or non-arm's length dealings, requiring further scrutiny.
Key Players & Entities
- Vale S.A. (company) — Filer of the report
- August 27, 2024 (date) — Date of the announcement
- CVM Resolution No. 80 (legal_document) — Regulation under which the transaction is reported
FAQ
What is the nature of the transaction with the related party?
The filing states that Vale S.A. is announcing a transaction with a related party, but does not provide specific details about the nature of the transaction itself.
Who is the related party involved in this transaction?
The filing explicitly states that the related party's name is not disclosed in this announcement.
Under which regulation is this transaction being reported?
The transaction is being reported in accordance with Article 33, item XXXII, of CVM Resolution No. 80, dated March 29, 2022.
When was this transaction announced by Vale S.A.?
Vale S.A. announced this transaction on August 27, 2024.
Does this filing provide any financial figures related to the transaction?
No, this filing does not provide any specific dollar amounts or financial figures related to the disclosed transaction.
Filing Stats: 801 words · 3 min read · ~3 pages · Grade level 12.6 · Accepted 2024-08-27 18:16:15
Key Financial Figures
- $159.0 m — e for these contracts is approximately R$159.0 million, with R$95.3 million related to C
- $95.3 million — is approximately R$159.0 million, with R$95.3 million related to Cosan and R$63.7 million rel
- $63.7 million — th R$95.3 million related to Cosan and R$63.7 million related to Raízen. Existing ou
- $277.9 m — ll be contracted with a total value of R$277.9 million, among them, Cosan and Raí
Filing Documents
- vale20240827_6k1.htm (6-K) — 20KB
- vale202408276k1_001.jpg (GRAPHIC) — 2KB
- 0001292814-24-003243.txt ( ) — 25KB
Signatures
Signatures 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. Vale S.A. (Registrant) By: /s/ Thiago Lofiego Date: August 27, 2024 Director of Investor Relations