R u l e s a n d R e g u l a ti o n s - Mining Hub · Article 1 - M-SPOT is a customized Mining Hub program directed to solve challenges exclusively linked to mining companies and

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Rules and Regulations

Mining Hub - M-SPOT Cicle 01

CHAPTER I – ON THE PROGRAM

Article 1 - M-SPOT is a customized Mining Hub program directed to solve

challenges exclusively linked to mining companies and associated suppliers. On

M-SPOT, the mining company or the supplier can launch specific challenges of

its exclusive interest, accordingly to its operational needs or the company’s

strategy.

Paragraph I - All of the benefits Mining Hub offers to the M-Start program will

be sustained for M-SPOT, such as: exclusivity to Intellectual Property (IP)

titularity for the startup and the opportunity to share data and results obtained

during the Proof of Concept (POC), at the Demoday phase with the Mining Hub

Associates.

Paragraph II - The program takes place in cycles, with the choice of the

benefiting mining company defined by consensus among all the mining

companies and suppliers associated with the Mining Hub. The themes of the

challenges will be defined according to the reality of each company, so it can

vary in each cycle.

Article 2 - The first cycle of the M-SPOT will be with Mineradora Vale and will

be called M-SPOT Cicle 01. The challenges will be categorized in the following

areas: (1) Energy, (2) Railways, (3) Technical Marketing, (4) Navigation, (5)

Geotechnics, (6) Pelletizing and (7) Ports.

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Sole Paragraph - The present Regulation aims to define the rules and

conditions for participation in cycle 01 in the M-SPOT Ciclo 01 program.

Article 3 - In order to seek innovative solutions in the mining sector, the main

objective of M-SPOT Cicle 01 is to prospect and select new projects and

ventures ("STARTUPS") and support the development of proof of concept tests

("POC") with mining companies and suppliers associated with the Mining Hub.

CHAPTER II – ON THE STAGES OF THE PROGRAM

Article 3 - M-SPOT Cicle 01 program main stages are presented and detailed in Table 1

Table 1 – Main stages of the program.

Phase Description

Application STARTUPs must submit their projects through the online

form available on the MINING HUB website.

Startups

selection

The evaluation and selection of the proposals will be made

by a board comprising by the program management team

and technician from the Vale mining company, according to

the rules established on this regulation.

Bootcamp Detailed proposals for each startup pre-selected in the

previous step are presented. These startups will have direct

access to Mineradora Vale and the program's management

team to understand the challenge, build and validate a

proposal. At the end of the bootcamp, the startup that

presents the best solution for the challenge will be selected

for the Implementation of the Proof of Concept (POC). In

addition, all startups that participate in Bootcamp will be

registered as Vale suppliers.

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Implementation Period of 5 months in which each startup will implement

their own POC in Vale according to the work proposal

defined during the Bootcamp.

Demoday The event that celebrates the closing of the program cycle,

in which the startups present the results of the POCs.

Sole Paragraph - The activities schedule of the M-SPOT CICLE 01 program’s

main stages is available for consultation at www.mininghub.com.br.

Image 1 - Activities schedule

CHAPTER III – ITEMS FOR OPEN INNOVATION (CHALLENGES) AND

PARTICIPATING MINING COMPANIES FOR VALIDATION OF SOLUTIONS –

PROOFS OF CONCEPT (PoCs)

Article 5 - From articles 6 through 11 of the present call for proposals, we

describe the challenges faced by the mining companies, grouping them by the

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http://www.mininghub.com.br/


following themes: (1) Energy, (2) Railways, (3) Technical Marketing, (4)

Navigation, (5) Geotechnics, (6) Pelletizing and (7) Harbors. The place of

development of the Proof of Concept (POC) is provided by Mineradora Vale, but

may undergo changes. For a detailed presentation of each challenge, there is a

drawing (available at ANNEX I), which aims to promote better understanding

through a clearer and more explanatory visualization and a textual description.

In addition, these contents can also be viewed on the website

www.mininghub.com.br/programas/m-spot/.

Article 6 - Regarding the theme “GEOTECHNICS”, the priority challenge for

validating Startups' POCs is shown in Table 2.

Table 2 - Geotechnics: prioritized challenge

Items for Open Innovation (Challenges)

6.1 Obtaining geotechnical data in dams with people access restriction

6.1 Obtaining geotechnical data in dams with people access restriction

Challenge 6.1 Infographics - Geotechnics.

All dams built using the upstream method, that is, which had the elevations of

its massif made on the tailings itself, need to be decommissioned. This means

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that they will undergo works to completely lose these lifting characteristics.

Some of these Vale structures have safety factors below the minimum values

established by law and, therefore, are at level 2 or 3 of emergency, requiring the

evacuation of people from the self-rescue zone (ZAS). As nobody can access

these dams, it is impossible to obtain geotechnical data in the usual way.

Knowing its rejects is essential to elaborate the decommissioning projects. For

this reason, we seek innovative alternatives to carry out surveys, CPTu tests,

collection of unformed samples and ways of safely installing and maintaining

monitoring instruments in these structures. Other factors to be considered are:

speed of implementation, minimal vibration generation and system efficiency.

The solution must be implemented, after proof of concept, within 5 months and

must serve at least 3 dams.

Article 7 - Regarding the theme “ENERGY”, the priority challenge for validating

Startups' POCs is shown in Table 3.

Table 3 - Energy: prioritized challenges


7.1 Integrated measurement of specific consumption of fuel and gas emission with

high precision

7.2 Replacing bunker oil for ship’s at berth

7.1 Integrated measurement of specific consumption of fuel and gas

emission with high precision

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Challenge 7.1 Infographics - Energy.

Industries around the world have made public commitments related to the

reduction of greenhouse gas emissions. To address this challenge, a series of

pilot projects aimed at increasing energy efficiency in mobile equipment have

been proposed, and may be replicated if successful. In this context, increasingly

accurate measurements of fuel consumption and gases from the burning of

these are important tools, since they allow the determination of the real effect of

these pilots. The proposed challenge seeks to integrate two functions:

measurement of specific consumption and measurement of gases. On the

same hardware, we collect information such as specific consumption, grid,

geographical position and gas emissions. The relevance of a solution of this

nature is due to several aspects, such as increasing the reliability of the data

obtained by crossing the two instruments, the possibility of predicting equipment

failure, decreasing the volume occupied and reducing total costs, especially

important if we consider device replication for the entire fleet.

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7.2 Replacing bunker oil for ship’s at berth

Challenge 7.2 Infographics - Energy.

Even at berth, the ship consumes fuel (bunker oil) to maintain basic services

such as hospitality, lighting and emergency. The challenge aims to reduce the

fuel consumption of ships at berth in order to reduce emissions of greenhouse

gases (CO2) in the port region. For the challenge, it is important to have reliable

measures of bunker oil consumption and associated emissions, proposing

solutions that have the least possible impact on port operations, avoiding delays

in mooring and loading ore. Among the technologies that can be investigated as

possible solutions, one can think of solar panels, auxiliary batteries, heat

recovery systems and combinations of these. It is also possible to explore

alternatives that optimize the docking and loading activities, thus reducing the

time involved in these activities.

Article 8 - Regarding the theme “RAILROAD”, the priority challenge for


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Table 4 - Railroad: prioritized challenges


8.1 Effective communication of field restrictions on the railroad

8.2 Mitigation of run over risks in railroad workshops

8.3 View of the location, technical characteristics and assets conditions on the field

8.1 Effective communication of field restrictions on the railroad

Challenge 8.1 Infographics - Railroad.

During the maintenance or identification of defects on the railway, signs must be

placed to indicate to train drivers the existence of maximum speed restrictions

or men working on the railway line. When placing these plates, the maintainer

must travel on foot by the railway or by a side road for up to 3,000 m (on both

sides) to position these plates (which can be up to 12 metallic and heavy plates)

and can stay for days, while maintenance / restriction lasts. The region may or

may not contain nearby communities and the cellular and GPS signal is

intermittent. Theft of the plates often occurs, malfunctions or the wind brings

them down, making it difficult to communicate with train drivers. In addition, the

risk of accident during travel, fatigue when loading these heavy plates,

positioning at incorrect distances (manual measurement) and forgetting when

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placing or removing plates are other problems. We look for safe and effective

solutions to inform drivers about maintenance / restrictions on the railroad,

which cost R$ 20,000 annually and which meet the demand for up to 40 daily

railroad maintenances.

8.2 Mitigation of run over risks in railroad workshops


In railway maintenance workshops, the movement of rolling gear is intense. The

movements take place in different ways, either through locomotives moving

wagons on the lines of the maintenance workshops; forklifts with their fast

movements and low visibility or overhead cranes with suspended loads. All of

this puts at risk the people who circulate there during these movements.

Currently, in some workshops the movements are indicated by giroflex and

audible warning, but added to the characteristic noise of the workshops, these

warnings at times lose their effectiveness, and are no longer perceived by the

people who transit there. The mechanics, in addition to focusing on

maintenance productivity, are also responsible for moving the wagons. They

may have the help of another workshop employee to assist with radio

communication. However, the movement to be carried out is not known to all

employees of the workshop, generating an unsafe condition for them, because

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as previously stated, the mechanic's focus is on maintenance productivity and

not on the railway maneuver. We look for active, robust solutions without human

dependence to identify and mitigate the risk of being run over. The blocking

mechanisms we currently use are based on rules and procedures, physical

signs preventing movement, safe demarcated areas and visual inspection

before movement, which can easily be overcome by human error.

3.3 View of the location, technical characteristics and assets conditions

on the field


The permanent track of a railway has the characteristic of being dispersed over

kilometers of extension and containing thousands of fixed assets such as

bridges, viaducts, tunnels, culverts, galleries, segments of tracks, amv´s, level

crossings, etc. Information on these assets such as position, technical

characteristics and conditions are known and managed by the teams in the

offices, but when it comes to maintenance teams along the railroad, these can

be decisive for productivity, as this information is not always concentrated in

one device that provides the general situation of this asset to be used in the

field. Another feature of the railway is that there is no connectivity (cell signal)

along its length. These teams can either consume or provide inspection

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information about these assets along the railroad. The need is to gather all the

information of the assets (which already exist in the office) and have the

possibility to access via mobile device, in the form of a location map with offline

access, which can provide the user's current position in the field to identify its

position in relation to the asset and trace the arrival route from the user's

position to the desired location. The information of the asset ranges from its

nomenclature, position within the railroad, its technical information (design

dimensions) and its technical condition (defects pointed out in inspection and

maintenance history). We seek offline solutions that can perform the flow of

information about assets (with a daily update, when there is a network

available) and that can locate assets without using physical markings in the field

(physical tagging).

Article 9 - Regarding the theme “TECHNICAL MARKETING”, the priority

challenge for validating Startups' POCs is shown in Table 5.

Table 5 - Technical Marketing: prioritized challenges


9.1 Measurement of FeO in iron ore sinter with greater agility

9.2 Determination of optimum condition for packaging of mineral particles

9.1 Measurement of FeO in iron ore sinter with greater agility

Challenge 9.1 Infographics - Technical Marketing.

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FeO in the iron ore sinter is formed during the sintering firing process, through

oxidation / reduction reactions of iron oxides. Several factors such as

mineralogical composition, temperature, fuel and permeability can be related to

the formation of FeO during burning. The FeO content of the sinter is directly

related to its quality, as it affects physical strength and metallurgical behavior

during the reduction in A&F. Given this, measuring the FeO of the sinter right

after it is produced is essential to make adjustments in the process. Currently,

the only way to make this measurement is by wet chemical tests, which require

about 2 to 3 days to be completed. Wet tests still require samples to be

prepared (sprayed) before being sent to the laboratory. The solution should be

able to measure FeO directly or indirectly in sinters produced in the pilot

sintering machine with less response time.

9.2 Determination of optimum condition for packaging of mineral particles

Challenge 9.2 Infographics - Technical Marketing.

This work aims to find a simple and quick way to determine the packaging of

mineral particles in a known volume. The phenomenon of particle packing is

defined as the problem of the correct selection of the proportion and the

appropriate size of the particulate materials, so that the larger voids are filled

with smaller particles, whose voids will again be filled with even smaller

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particles and so on. To obtain the highest possible degree of packaging, within

a previously known heterogeneous population of particles (size and shape), the

solution must be able to inform the proportion of each raw material considered

to obtain a denser product as possible . The solution should also compare the

option found with the optimal theoretical condition and say how far it is.

Article 10 - Regarding the theme “NAVIGATION”, the priority challenge for


Table 6 - Navigation: prioritized challenges


10.1 Intelligent flow of information management during the operation of the fleet of

ships

10.2 Knowledge management in an organic and integrated way

10.1 Intelligent flow of information management during the operation of

the fleet of ships

Challenge 10.1 Infographics - Navigation.

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We are looking for a solution capable of reducing the high volume of e-mails

inherent to the routine of operating and chartering vessels within VALE. Today,

there are more than 400 thousand emails received and sent 24/7 annually,

mainly for the purpose of sharing information, fleet positioning, directions,

instructions and commands. It can be said that 80% of these messages are

sent and received from / to sources outside the company and in the most varied

formats and models. With approximately 1000 e-mails daily, the Navigation

Analyst finds in the current work model great inefficiency for the selection and

treatment and distribution of so much information, fragility in the process due to

the risk of not seeing relevant information, as well as difficulty in dealing with

matters related to past and historical actions. For Vale, it is important that if the

solutions undergo checks within the email keys that they are carried out in an

integrated manner with Microsoft Exchange.

10.2 Knowledge management in an organic and integrated way

Challenge 10.2 Infographics - Navigation

This challenge aims to promote the recording of experiences, good practices

and knowledge, as well as strategic data and the team's profile / qualification,

with the aim of promoting access to information for solving problems and

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training people. Due to the low supply of training institutions in the navigation

market, it is common for teams of this profile to be formed by people with

different experiences and qualifications. Additionally, due to the high number of

situations, disputes and possible problems in a sea voyage, it is often difficult or

low efficiency to find the best solution for an occurrence. The demand and

management of more than 1000 annual sea voyages requires that the

dissemination of knowledge occurs in the most dynamic and intuitive way

possible, since there is no time to lose. Connecting knowledge to need is what

we seek. It is necessary that any solution is not limited to a data repository, it is

important to achieve interaction between people, encourage protagonism and

even identify the best profiles to act on initiatives, demands or problems in the

area.

Article 11 - Regarding the theme “PELLETIZING”, the priority challenge for


Table 7 - Pelletizing: prioritized challenges


11.1 Efficiency reduction in filtration due to obstructions and tears in the fabric

11.2 Strategic project management in a visual and dynamic way in a pilot plant

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11.1 Efficiency reduction in filtration due to obstructions and tears in the

fabric

Challenge 11.1 Infographics - Pelletizing

In the filtration, it is possible to see the sectors being changed due to tears in

the filter fabric. This activity, in addition to compromising productivity, as the

equipment must be turned off, increases the chance of accidents due to the

close contact of the employee with the machine. In addition, the finer ore

particles clog the pores of the fabric over time, which leads to an increase in

moisture in the filtered product, increasing the costs of the subsequent

processes and reducing the productivity of the filtration process. The low

efficiency caused by the obstruction increases the rate of exchange of these

tissues which consequently also increases the exposure of man to the machine.

There is a scheduled cleaning to unblock the filter, but there is no guarantee

that these filters were not blocked long before cleaning. The expectations of the

challenge include the reduction and predictability of the exchange rate of these

filters, with the consequence of increasing the useful life of the filtering fabric

and eliminating the randomness of tears and obstructions.

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11.2 Strategic project management in a visual and dynamic way in a pilot

plant

Challenge 11.2 Infographics - Pelletizing

The Pilot Pellet Plant is a laboratory-scale plant that reproduces the various unit

operations that exist in the industrial process. Several strategic pelletizing

projects go through the pilot plant before being tested at the industrial plant. The

main objective consists of a system that manages the entry and exit of work

programs, as well as the employees' routine. The Pilot Plant participates in the

project prototyping process, which consists of testing in the laboratory the

possible proposed solutions. Currently, the waiting time to have a project

carried out at the Pilot Plant is quite long due to the high demand, which means

that some projects with high earning potential have to wait to be tested. The

dynamics of test execution is “first in, first out” and there is no intelligence for

prioritizing tests today. Intelligent project prioritization can optimize financial

gains in the industrial plant. Another point that hinders the execution of tests in

the shortest possible time is the time spent by the performers in the various

interface systems that are used during the steps that follow inside the plant and

that make it difficult to perform the routine. This routine needs to be controlled

as a whole, from request, inventory, finance, scheduling, execution,

dashboards, reports, etc. A well-defined routine with a friendly interface with the

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performers would increase the efficiency of the production process with the

performers. It is important that the solution has a friendly interface for entry,

execution and exit and that facilitates the routine of the applicants and

performers.

Article 12 - Regarding the theme “PORT”, the priority challenge for validating

Startups' POCs is shown in Table 8.

Table 8 - PORT: prioritized challenges


12.1 Management and control of corrosion protection in ore handling assets

12.2 Inspection of the spring in belt conveyor scrapers

12.3 Detection of defects in the conveyor belt covers

12.1 Management and control of corrosion protection in ore handling

assets

Challenge 12.1 Infographics - Port

Corrosion in metallic structures of ore handling assets represents a high

maintenance cost. These assets can be kilometers long and reach up to 50

meters in height. In order to reduce maintenance costs, an anti-corrosion paint

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protection coating is applied to the structure. This protection also degrades over

time and needs to be renewed, on average, every 6 years, in different parts of

the asset and at different times, according to its condition. Only with the renewal

of this protection, approximately R $ 75 million is spent annually in ports. The

cost of recovering regions with failed coating and corrosion of the structure can

reach up to 17 times the value of the initial cost of renewing the protection and

still cause a significant interruption of the operation. The management and

control of the application and inspection of the condition of the anticorrosive

paint protection are registered in Maintenance Orders in SAP and through

Measurement Bulletins on paper and / or electronic means with sketches

identifying the regions treated individually and by asset. The technical

description of the service is performed in free description fields in SAP and with

insufficient and non-standard information. Spreadsheets are also used to assist

in this task. There is a great difficulty in tracing and obtaining the technical data

history of these services. Structured data must be generated in order to provide

a history of where, when and how the coating renovation was carried out,

updating the current condition of the coating based on annual inspections and

thus making it possible to prioritize, quantify and identify which regions should

be treated. It should also enable the identification of average service life and

performance comparison between different types of coatings and determine the

criticality of each microclimate. Integration with SAP is required.

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12.2 Inspection of the spring in belt conveyor scrapers


Belt scrapers are important equipment for the maintenance and cleaning of

conveyor belts with the main function of removing transported materials that

adhere to the surface of the belt. In this way, they prevent the materials

attached to the belt from loosening and being deposited on structures, rollers

and other equipment of the industrial plant, increasing the risk of collapse of

structures, reducing the useful life of components of the conveyor and,

therefore, leading to a significant increase in costs and operational stops. In the

vast majority of VALE operations, the cleaning efficiency of these scrapers is

directly associated with the correct tensioning of the springs to provide

adequate contact between the blade and the belt. These springs can have

different layouts and installation locations, depending on the scraper

manufacturer and model. The main objective would be a portable solution

capable of measuring the length of the spring with a precision of 5 mm

according to predetermined parameters without the proposed solution having

contact with the conveyor or its components. The distance from the place where

the operator can reach and the spring can vary from 0.5 m to 5.0 m, but it does

not prevent the equipment from being temporarily positioned closer. It is

desirable that the system itself is able to detect the scraper model, which varies

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depending on the application and manufacturer, and associate it with the

respective spring dimension parameter.

12.3 Detection of defects in the conveyor belt covers


Conveyor belts are widely used in various applications, such as iron ore

transport. Considering the carrier abrasive material and extreme conditions of

use, the belts generally suffer continuous wear and damage during the handling

of the product, thus reducing its useful life and consequently increasing

operating costs with maintenance. In order to increase the reliability of the

conveyor belts, it is necessary to monitor the defects on the belt cover for

planning preventive maintenance. Currently, this inspection is performed

visually, without the aid of instruments, with the equipment in operation or

stopped and with a frequency defined by a maintenance strategy. As monitoring

is not continuous, defects can arise between inspection intervals and are not

noticed by maintenance teams. Most conveyor belts are divided into two large

groups: Steel cable belts: Upper and lower rubber covers and steel cable

housing; Canvas belts: Upper and lower rubber covers and canvas housing.

Considering that the belts operate at speeds from 4.0 m / s to 5.5 m / s and

widths from 800mm to 2200mm, the objective would be a solution capable of

monitoring continuously, and without contact, the condition of the rubber belt

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cover for the following problems: loss of edge, damage to the seams, defects in

the cover, exposure of cables at the edges, bubbles and tears.

Article 13 - The candidate, when filling out the submission form, must always

indicate, in a specific field, the respective area and challenge in which they wish

to validate its POC.

Paragraph I - The candidate who has a solution within one of the seven (7) areas of the program, but does not meet the prioritized challenges in this cycle or has a solution that is not a fit for the seven (7) areas of the program, but it has innovative applicability, should submit an application on M-CONNECT. Up to 15 (fifteen) startups can be selected for the POCs validation phase.

Paragraph II – The Startups are allowed to participate in only one challenge per

cycle, even if they are selected to more than one of the challenges proposed. If

that is the case, the Startup will have to opt for only one challenge/company that

they want to continue the work in that cycle.

Article 14 - The budget made available by Vale does not guarantee its

complete utilization, the real disbursement of the resources of the mining

companies to validate the POCs of the startups will be agreed upon by means

of a contract to be signed between the parties during the BOOTCAMP stage..

Paragraph I - Expenses related to participation in the M-SPOT Cycle 01

program, including transportation, accommodation and food, may be

reimbursed to startups selected for the POCs validation phase, within the total

amount made available and previously formally agreed in negotiation with

Mineradora Vale.

Paragraph II - The POC resources disbursement plan and reimbursement of

expenses will be developed by the startups and validated with Vale during the

BOOTCAMP period.

Paragraph III - The validation of the POC for a given challenge, throughout the

program, will occur only between a STARTUP and an AREA of the sponsoring

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https://gust.com/programs/m-connect-2


mining company, and at the end of the implementation cycle, the case

generated may be shared among other areas.

Paragraph IV – Each area of Mineradora Vale, which is sponsoring challenges

of M-Spot Ciclo 01, has a budget that can be used in its entirety or not, in one or

more challenges, according to the definitions in the Bootcamp stage, as

described in this present Article 14. The total amount foreseen for carrying out

the POCs in the M-Spot Ciclo 01 is R $ 2,250,000.00 (two million, two hundred

and fifty thousand reais).

CHAPTER IV – ON THE APPLICATION

Article 15 - Applications for the M-Spot Ciclo 01 Program is free. The

application process for a STARTUP starts with filling out and sending the form

available on the MINING HUB website www.mininghub.com.br or through other

Mining Hub’s or Vale’s official communication channels.

Sole Paragraph - The purpose of the form is to collect as much data as

possible on the STARTUPs in order to ensure that there is sufficient information

to analyze the proposals.

Article 16 - The project registration period for M-SPOT CICLE 01 is available

for consultation on the website www.mininghub.com.br or through other Mining

Hub’s or Vale’s official communication channels.

CHAPTER V – ON THE SELECTION

Article 17 - STARTUPS will be selected to develop solutions for the challenges

presented by Vale’s areas based on the great potential for growth, preferably

with the capacity to validate the POC throughout the implementation phase

which is 5 (five) months long, whose solution bears both a global scale and high

technology profiles.

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Article 18 - The analysis process of the startups’ applications consists of the

following steps:

(i) Analysis and pre-selection of STARTUPS, considering the "Eliminatory

Criteria, as described in article 20 - Chapter VI, below;

(ii) Screening of the STARTUPS’ proposals along with Mineradora Vale (as

described in article 21);

(iii) Online or in-person interviews, for each proposed challenge.

Initially up to 3 (three) startups will be chosen per challenge for the Bootcamp

stage, where one of them will be selected for POC validation. If necessary,

more than one interview can be requested with the startup. If Mineradora Vale

does not approve any of the three Startups previously interviewed, new

startups, enrolled in the program, may be invited to this stage.

Paragraph I – The number of startups selected for M-SPOT Cicle 01 will be

decided exclusively by the organizers.

Paragraph II – The startups that are not selected for M-SPOT Cycle 01 may be invited to give a presentation at the MINING HUB at the sole discretion of the organizers.

Article 19 - The result of the selection of STARTUPS will be announced within

the maximum period of time according to the detailed schedule according to

article 22, through the communication channels of the Mining Hub and

Mineradora Vale, and this period may be extended by decision and need by the

MINING HUB and / or Vale Miner.

CHAPTER VI – ON THE SELECTION CRITERIA

Article 20 - The STARTUPS will be evaluated according to the following

eliminatory criteria ("Eliminatory Criteria"):

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(i) As for Innovation - If the project is considered, by the evaluation board,

without technological or business model innovation;

(ii) As for proposed areas and challenges - If the project does not meet one of

the 7 (seven) areas and the challenges proposed by Vale mentioned in Chapter

III;

(iii) As for the delivery of documents - If the startup does not submit all of the

required documents to register new “suppliers”, demanded by Vale within the

deadline established by it during the Bootcamp phase, it will be considered a

cause of immediate elimination on M-SPOT CICLE 01;

(iv) As for the possession of a legal registration - If the Startup does not have a

National Register of Legal Entities (CNPJ), in case of Brazilian nationality, or it

is no legally registered on its official country, for example, the Startup does not

have a Tax Identification Number in Portugal, it will be considered a cause of

elimination.

Article 21 - The STARTUPS will be evaluated by Vale according to the

classification criteria presented in Table 9.

Table 8 – Classifying criteria..

Criteria Objective

Team Evaluate the team's ability to develop the solution and leverage the business.

Technological Potential Evaluate the effectiveness of the technology used in the solution and its degree of maturity.

Proposed solution Evaluate if the solution (product/service) meets the demand(s) of the mining companies.

Business Model Evaluate if the business model is interesting and allows a Business model for building a scalable and competitive business.

Resources for POC Check the investment needed to develop the proof of concept of the solution

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Potential impact Evaluate the potencial impact of the solution on mining companies (financial, social, environmental impacts, etc)

CHAPTER VII – ON THE DURATION OF THE M-SPOT CICLE 01 PROGRAM

Article 22 - The timeline of the main milestones of the M-SPOT CICLE 01

program is available on the MINING HUB website

(www.mininghub.com.br/programas/m-start/).

Sole Paragraph - According to the schedule, the dates foreseen for the

completion of each of the stages of the M-SPOT Cycle 01 program are:

- Setup: 4/29/2020 and 6/3/2020

- Announcement of the notice: 06/03/2020

- Closing of registrations: 08/09/2020

- Disclosure of the selection result for the BOOTCAMP stage: 09/18/2020

- BOOTCAMP: 09/28/2020 to 10/30/2020

- Implementation of POCs: 11/3/2020 to 3/25/2020

Article 23 - Startups selected by the organizers in accordance with the terms

and conditions of this regulation will participate in the M-SPOT CYCLE 01

BOOTCAMP stage.

Paragraph I – BOOTCAMP's main objective is to give Startups direct access to

Mineradora Vale and the program's management team to understand the

challenges and refine a joint work proposal for the implementation of the POC.

During the first week of BOOTCAMP, Mineradora Vale will monitor up to 3

(three) pre-selected Startups per challenge, preferably in person at the Mining

Hub facilities, providing data and clarifying doubts so that each one of them can

refine the scope of the proposal solution to the challenge. The STARTUPS that

participate in BOOTCAMP will have their registration made at Vale as potential

future suppliers, however, at the end of this stage, only 01 (one) of them will be

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chosen by the Mining Company, as a challenge, to proceed to the POC

Implementation stage.

Paragraph II – The BOOTCAMP will last 45 days, with the first week taking

place preferably in person at the MINING HUB, dedicated to refining the scope

of the project, and the remainder of the period for parameter adjustments and

legal and contractual details between the Startup and the Mining Company

Valley. At the end of this phase, the selected Startup and Mineradora Vale are

expected to have validated the POC's implementation plan and signed the

respective contract to start the development of the projects.

Paragraph III - There will be no financial reimbursement related to

accommodation, transportation, food and others, for startups, during the

BOOTCAMP phase. All costs of this phase are the sole responsibility of the

startup, even applying to the 1st chosen among the 3 finalists in the selection

process.

CHAPTER VIII – ON OBLIGATIONS AND RESPONSIBILITIES

Article 24 - These are the obligations of the Startups:

(i). Comply with all provisions of these Rules and Regulations.

(ii). Participate in the actions defined for each phase of M-SPOT Cicle 01, as

well as provide all necessary information and documents required by Vale,

specially those presented in ANNEX II, or the program management team.

(iii). Participate, obligatorily, in the events and initiatives organized byM-SPOT

Vale Ciclo 01, , with, at least, 01 (one) legal representative of the startup.

(iv) The startup when applying for this program declares that they do not use

and do not have, directly or indirectly, in their productive chain, any slave labor

or degrading working conditions; any workers submitted or forced to illegal

conditions of domination of the employer, any work carried out by minors under

16 (sixteen) years old, except as an apprentice from the age of 14 (fourteen)

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years old, as established in article 7, item XXXIII of the Federal Constitution, as

well as not allowing any type of discrimination and respecting the freedom of

association, under pain of being immediately eliminated by MINING HUB and

Vale without any need to send prior notification, submitting the startup, in case

of breach of this clause, to compensation for losses and damages caused and

penalties provided by law.

(v) The startup when applying for this program, declares, fully observance of

Law 12.846/2013 ("Brazilian Anti-Corruption Law") and declares that it has

knowledge of all the terms and definitions set forth in the Brazilian

Anti-Corruption Law, which define as injurious act to promise, offer or give,

directly or indirectly, an undue the advantage to a public agent or the third

person related to him, among others. In case of violation of the referred Law,

the responsible parties will be responsible for any losses, damages or liabilities

caused, in addition to the penalties provided by law.

(vi) Startup declares to be fully qualified to use the technology used by the

proposed solution for the respective challenge during the development of the

POC, having ownership over its characteristics or being duly licensed to use

them.

CHAPTER IX - ON THE M-SPOT CICLE 01 PROGRAM TERMINATION

Article 25 - The relationship between M-SPOT Vale Ciclo 01 with the

STARTUPS will be considered terminated upon prior notification, in the

following cases:

(i) Elimination by the selection assessment boards;

(ii) End of program term;

(iii) If there is an infringement of any clause of these Rules and Regulations;

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(iv) If the main features of M-SPOT CYCLE 01 are significantly changed by

the organizers and the startup do not conform to these changes;;

(v) If the insolvency, bankruptcy or judicial reorganization of the startup and

its members is verified;

(vi) If temporary activity interruption of the startup is verified;

(vii) By the initiative duly justified by the startup;

(viii) By the initiative duly justified by the MINING HUB or Vale.

Paragraph I – If the Startup is not available or does not respect attendance during the program, which will be held several times virtually through previously communicated web meeting tool, in person at Mining Hub or in the headquarters of Vale, it will be eliminated. The eliminated Startup will be sole and exclusively responsible for any costs spent during that period.

Paragraph II – Any financial expenses incurred by the Startup or the Mining Hub, within the period referring to that cycle in which Mineradora Vale's area has given up, must be fully reimbursed by Mineradora Vale's withdrawal area.

CHAPTER X – ON THE POSSIBLE BENEFITS FOR THE SELECTED STARTUPS

Article 26 - The following benefits may be made available to the startups

selected for BOOTCAMP AND IMPLEMENTATION:

• Possibility of investment to develop the projects along with Vale to validate POCs;

• Access to infrastructure and teams of Mineradora Vale;

• Coaching and mentoring with recognized professionals from the mining

sector and startup ecosystem;

• Exclusive access to the structure and benefits of the WeWork network;

• Joint work with the Neo Ventures team;

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• Methodology for the development of startups: training, technical visits,

professionalization of management and growth;

• At the end of the program, by its exclusive criteria, Vale, understanding it

is viable for its businesses, might invest in the solutions development, as

well as establish partnerships to search for founding, purchase or

distribution of the Startups’ products and services.

• Startups that participate in the bootcamp will have their supplier

registration done at Vale for future opportunities.

Article 27 - A physical space will be made available, with prior authorization

from the Mining Hub team, during the BOOTCAMP AND IMPLEMENTATION

stages, which should be exclusively used to carry out the activities provided for

in these regulations.

Paragraph I – The physical space available must be used by the startups selected according to the rules of WeWork, not being allowed the transfer of the right of use.

Paragraph II – The representatives are responsible for maintaining the space available, equipment and furniture in all common areas.

Paragraph III - A total of 30 chairs will be made available within the Wework, of which 2 per Startup selected for the IMPLEMENTATION stage

CHAPTER XI – GENERAL PROVISIONS

Article 28 - It is clear and established from now on that participation and/or

selection in M-SPOT CYCLE 01 does not constitute any kind of operating

agreement, joint venture or association between the participating startup

(selected or not), MINING HUB and the other parties involved in the program, in

order to make it clear in these Regulations that the participating startup

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(selected or not) and the other parties involved in the program, are independent

entities among themselves, that no provision of these Regulations or the

program shall be interpreted as creating any corporate relationship , labor or

taxation between the Parties and that there is not now or there will not be

solidarity or subsidiarity of any nature between the Parties.

Article 29 - It is clear and established from now on that participation in the

program and an eventual signing of the contract with the mining companies

does not generate any kind of employment relationship. Every startup in the

program agrees to exempt MINING HUB and the other parties from any liability

in labor / social security claims that may be proposed by any of its employees

and/or associates, as well as to bear all costs incurred in said claims, including

but not limited to attorneys' fees.

Article 30 - It is clear and established from now on that the program

management team may change these Rules and Regulations at any time if

necessary, for the proper and regular progress of the Program established

herein.

Article 31 - It is clear and established from now on, that in case there is any

doubt regarding these Regulations, MINING HUB is ready and available to

answer them.

Article 32 - Participants freely give to Mining Hub, Vale and Neo Ventures

without exclusivity, the right to use their image, text and / or voice in any type of

material. In return, the Mining Hub, Vale and Neo Ventures undertakes to use

the image of the participants without making modifications in the appearance

and also not to use the image in a derogatory way or that may represent in any

way some type of violation of moral damages.

Article 33 - The answers to the form can be written in Portuguese or English.

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ANNEX I - CHALLENGES’ INFOGRAPHICS

GEOTECHNICS

ENERGY

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RAILWAYS

33




34




TECHNICAL MARKETING

35




NAVIGATION

36




PELLETIZING

37




PORT

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ANNEX 02 - DOCUMENTS REQUIRED FOR REGISTRATION IN THE

M-SPOT CYCLE 01

Participation in the program is linked to the registration, during the STARTUP

registration stage, of the following documents:

(I) CNPJ;

(II) Company name,

(III) Full name of the managing partner;

(IV) Contact of the managing partner (email, landline or cell phone).

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Documents

R u l e s a n d R e g u l a ti o n s - Mining Hub · Article 1 - M-SPOT is a customized Mining Hub program directed to solve challenges exclusively linked to mining companies and