Vale SA (NYSE:VALE)
$ 10.59 -0.62 (-5.53%) Market Cap: 45.46 Bil Enterprise Value: 59.72 Bil PE Ratio: 5.37 PB Ratio: 1.22 GF Score: 82/100

Q2 2019 Vale SA Earnings Call Transcript

Aug 01, 2019 / 03:00PM GMT
Release Date Price: $12.52 (-3.62%)
Operator

Good morning, ladies and gentlemen. Welcome to Vale's Conference Call to discuss Second Quarter 2019 Results. (Operator Instructions) As a reminder, this conference is being recorded, and the recording will be available on the company's website at vale.com at the Investors Link.

This conference call is accompanied by a slide presentation also available at the Investors Link at the company's website and is transmitted via Internet as well. The broadcasting via Internet, both the audio and the slide changes, has a few seconds in relation to the audio transmitted via phone.

Before proceeding, let me mention that forward-looking statements are being made under the Safe Harbor of the Securities Litigation Reform Act of 1996. Actual performance could differ materially from that anticipated in any forward-looking comments as a result of macroeconomic conditions, market risks and other factors.

Today with us are Mr. Eduardo de Salles Bartolomeo, President and CEO; Mr. Luciano Siani Pires, CFO; Mr. Marcello Spinelli, Executive Officer for Ferrous Minerals; Mr. Mark Travers, Acting

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