XML 147 R120.htm IDEA: XBRL DOCUMENT
v3.21.1

Financial and capital risk management - Protection program for Libor floating interest rate US$ denominated debt (Details) € in Millions, $ in Millions | 12 Months Ended |
--- | --- | ---
Dec. 31, 2020 USD ($) | Dec. 31, 2019 USD ($) | Dec. 31, 2018 USD ($) | Dec. 31, 2020 EUR (€) | Dec. 31, 2020 USD ($)
Derivative financial instruments. |  |  |  |  |
Financial settlement inflows (outflows) | $ (34) | $ (324) | $ (67) |  |
Call options - Nickel Revenue Hedging - Bought |  |  |  |  |
Derivative financial instruments. |  |  |  |  |
Fair value of assets |  | (12) |  |  | $ (46)
Value at risk |  |  |  |  | 10
Call options - Nickel Revenue Hedging - Bought | 2021 |  |  |  |  |
Derivative financial instruments. |  |  |  |  |
Fair value of liabilities |  |  |  |  | (46)
Put options - Nickel Revenue Hedging - Bought |  |  |  |  |
Derivative financial instruments. |  |  |  |  |
Fair value of assets |  | 162 |  |  | 28
Financial settlement inflows (outflows) | 292 |  |  |  |
Value at risk |  |  |  |  | 6
Put options - Nickel Revenue Hedging - Bought | 2021 |  |  |  |  |
Derivative financial instruments. |  |  |  |  |
Fair value of liabilities |  |  |  |  | 28
Cash flow hedge (Nickel and Palladium) |  |  |  |  |
Derivative financial instruments. |  |  |  |  |
Fair value of assets |  | $ 150 |  |  | (18)
Financial settlement inflows (outflows) | $ 292 |  |  |  |
Value at risk |  |  |  |  | 16
Cash flow hedge (Nickel and Palladium) | 2021 |  |  |  |  |
Derivative financial instruments. |  |  |  |  |
Fair value of liabilities |  |  |  |  | (18)
EUR fixed rate vs. US$ fixed rate swap |  |  |  |  |
Derivative financial instruments. |  |  |  |  |
Receivable | € |  |  |  | € 950 |
Payable |  |  |  |  | $ 950
Average receivable rate |  |  |  | 0.13% | 0.13%
Average payable rate |  |  |  | 0.48% | 0.48%
Fair value of liabilities |  |  |  |  | $ (7)
Value at risk |  |  |  |  | 1
EUR fixed rate vs. US$ fixed rate swap | 2021 |  |  |  |  |
Derivative financial instruments. |  |  |  |  |
Fair value of liabilities |  |  |  |  | (1)
EUR fixed rate vs. US$ fixed rate swap | 2023+ |  |  |  |  |
Derivative financial instruments. |  |  |  |  |
Fair value of liabilities |  |  |  |  | (4)
EUR fixed rate vs. US$ fixed rate swap | 2022 |  |  |  |  |
Derivative financial instruments. |  |  |  |  |
Fair value of liabilities |  |  |  |  | $ (1)

X
- Definition The amount of financial assets classified as derivative instruments. [Refer: Financial assets; Derivatives [member]] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2020-01-01 -Paragraph 55 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2020-en-r&anchor=para_55&doctype=Standard -URIDate 2020-01-01 + Details
Name: | ifrs-full_DerivativeFinancialAssets
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition The amount of financial liabilities classified as derivative instruments. [Refer: Financial assets; Derivatives [member]] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2020-01-01 -Paragraph 55 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2020-en-r&anchor=para_55&doctype=Standard -URIDate 2020-01-01 + Details
Name: | ifrs-full_DerivativeFinancialLiabilities
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes of the table. + References No definition available. + Details
Name: | ifrs-full_DisclosureOfFinancialInstrumentsLineItems
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The measure of a potential loss exposure as a result of future market movements, based on a specified confidence interval and measurement horizon. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IFRS -Number 7 -IssueDate 2020-01-01 -Paragraph 41 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2020-en-r&anchor=para_41&doctype=Standard -URIDate 2020-01-01 + Details
Name: | ifrs-full_ValueAtRisk
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | instant

X
- Definition Nominal or face amount used to calculate payments on the derivative asset. + References No definition available. + Details
Name: | vale_DerivativeAssetsNotionalAmount
Namespace Prefix: | vale_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Nominal or face amount used to calculate payments on the derivative liability. + References No definition available. + Details
Name: | vale_DerivativeLiabilitiesNotionalAmount
Namespace Prefix: | vale_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Average payable interest rate relating to interest rate derivatives. + References No definition available. + Details
Name: | vale_DerivativePayableInterestRate
Namespace Prefix: | vale_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Average receivable interest rate relating to interest rate derivatives. + References No definition available. + Details
Name: | vale_DerivativeReceivableInterestRate
Namespace Prefix: | vale_
Data Type: | num:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The amount of cash inflow (outflow) from settlement of derivatives. + References No definition available. + Details
Name: | vale_DerivativesSettlementCashOutflowInflow
Namespace Prefix: | vale_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Details
Name: | ifrs-full_ClassesOfFinancialInstrumentsAxis=vale_NickelRevenueHedgingProgramsCallOptionsBoughtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfFinancialInstrumentsAxis=vale_NickelRevenueHedgingProgramsPutOptionsBoughtMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfFinancialInstrumentsAxis=vale_CashFlowHedgeNickelAndPalladiumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfFinancialInstrumentsAxis=vale_EuroFixedRateVersusUSFixedRateSwapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_MaturityAxis=vale_LaterThanTwoYearAndThereAfterMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |