Vale fully supports initiatives to promote globally consistent transparency and best practices in the extractive sector applicable across jurisdictions in order to promote regulatory certainty and also provide comparable information to the civil society for better understanding of the mining sector. As a leading company in the mining industry and the world's largest supplier of iron ore, we believe that it is essential to demonstrate how our activities positively contribute to the countries where we operate. Vale has also publicly declared its support for the Extractive Industry Transparency Initiative (EITI) in its Sustainability Report.