Vale S.A. (VALE) Q1 2020 Earnings Call Transcript

Vale S.A. (VALE) Q1 2020 Earnings Call Transcript

Good morning, ladies and gentlemen, welcome to Vale's Conference Call to discuss First Quarter 2020 Results.. The 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.. With us today are Mr. Eduardo de Salles Bartolomeo, Chief Executive Officer; Mr. Luciano Siani Pires, CFO; Mr. Marcello Spinelli, Executive Officer for Ferrous Minerals; Mr. Mark Travers, Executive Officer for Base Metals; Mr. Carlos Medeiros, Safety and Operational Excellence Executive Officer; Mr. Luiz Eduardo Osorio, Executive Officer of Sustainability and Institutional Relations; Mr. Alexandre Pereira, Executive Officer for Business Support; Mr. Alexandre D'Ambrosio, General Counsel and Mrs. Marina Quental, Director of People.. Reparation, safety and people remain our priorities and are very up to date in the face of this crisis.. Our commitments to Brumadinho and safety continue.. Although the impacts of COVID are currently contained, advance in the pandemic may lead to more restrictive measures in these or other operations.. We continue to stabilize our production.. In the first quarter, the impacts of COVID in our business were limited, but there are still many uncertainties.. Stabilizing of production remains a challenge.. Finally I'd like to reinforce,