Samarco Mineração S.A. - Judicial Recovery
1 SAMARCO MINERAÇÃO S.A. - JUDICIAL RECOVERY Message from Management, Independent auditor’s report and Financial Statements as of December 31, 2020. 2 SAMARCO MINERAÇÃO S.A. - IN JUDICIAL RECOVERY Message from Management MESSAGE FROM MANAGEMENT 3 WORDS FROM THE BOARD 2020 Between the collapse of the Fundão dam and December 2020, our production activities were idle. During that period, we based our actions on The year ended December 31, 2020 marked the two pillars: commitment to safely and sustainably beginning of a new organizational cycle at Samarco, repair and return to operations. We partially with gradual resumption of operational activities resumed our operations in December 2020. after five years of stoppage. In this publication, we, at Samarco, present the financial statements COMMITMENT TO REPAIR for the period with their respective explanatory notes, additional information and clarifications. We reaffirm our commitment to surrounding In this first semester, in our Annual Sustainability communities and to areas affected by the collapse Report, we will provide detailed information about of the Fundão dam. Up to December 2020, the company’s management and implemented R$ 11.7 billion was allocated to reparation and environmental and social programs. Also, on April 9, compensation measures. The actions are being 2021, the company filed a Judicial Reorganization conducted by Fundação Renova, an autonomous, petition with the 2nd Business State Court for the independent entity, which started its activities Belo Horizonte District of Minas Gerais to protect in 2016, as set out in the Transaction & Conduct its assets and operations from enforcement actions Adjustment Term (TTAC) and, subsequently, in the brought by its financial creditors and enable it to Conduct & Governance Adjustment Term (TAC seek to negotiate and implement a restructuring Governance), approved in 2018.
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