XML 146 R119.htm IDEA: XBRL DOCUMENT
v3.21.1

Financial and capital risk management - Protection programs for the R$ and EUR denominated debt instruments and other liabilities (Details) $ in Thousands, R$ in Millions | 12 Months Ended |  |
--- | --- | --- | ---
Dec. 31, 2020 USD ($) | Dec. 31, 2019 USD ($) | Dec. 31, 2018 USD ($) | Dec. 31, 2020 BRL (R$) | Dec. 31, 2020 USD ($) | Dec. 31, 2019 BRL (R$) | Dec. 31, 2019 USD ($)
Derivative financial instruments. |  |  |  |  |  |  |
Financial settlement inflows (outflows) | $ (34,000) | $ (324,000) | $ (67,000) |  |  |  |
CDI vs. US$ fixed rate swap |  |  |  |  |  |  |
Derivative financial instruments. |  |  |  |  |  |  |
Notional amount | R$ |  |  |  |  |  | R$ 2,115 |
Receivable | R$ |  |  |  | R$ 9,445 |  |  |
Payable |  |  |  |  | $ 2,213 |  | $ 558,000
Average receivable rate |  |  |  | 100.09% | 100.09% |  |
Average payable rate |  |  |  | 2.09% | 2.09% |  |
Fair value of liabilities |  |  |  |  | $ (473,000) |  | (38,000)
Financial settlement inflows (outflows) | (129,000) |  |  |  |  |  |
Value at risk |  |  |  |  | 42,000 |  |
CDI vs. US$ fixed rate swap | 2021 |  |  |  |  |  |  |
Derivative financial instruments. |  |  |  |  |  |  |
Fair value of liabilities |  |  |  |  | (60,000) |  |
CDI vs. US$ fixed rate swap | 2022 |  |  |  |  |  |  |
Derivative financial instruments. |  |  |  |  |  |  |
Fair value of liabilities |  |  |  |  | (96,000) |  |
CDI vs. US$ fixed rate swap | 2023+ |  |  |  |  |  |  |
Derivative financial instruments. |  |  |  |  |  |  |
Fair value of liabilities |  |  |  |  | (317,000) |  |
TJLP vs. US$ fixed rate swap |  |  |  |  |  |  |
Derivative financial instruments. |  |  |  |  |  |  |
Notional amount | R$ |  |  |  |  |  | 2,111 |
Receivable | R$ |  |  |  | R$ 1,651 |  |  |
Payable |  |  |  |  | $ 460,000 |  | 601,000
Average receivable rate |  |  |  | 1.14% | 1.14% |  |
Average payable rate |  |  |  | 3.05% | 3.05% |  |
Fair value of liabilities |  |  |  |  | $ (163,000) |  | (77,000)
Financial settlement inflows (outflows) | (44,000) |  |  |  |  |  |
Value at risk |  |  |  |  | 9,000 |  |
TJLP vs. US$ fixed rate swap | 2021 |  |  |  |  |  |  |
Derivative financial instruments. |  |  |  |  |  |  |
Fair value of liabilities |  |  |  |  | (50,000) |  |
TJLP vs. US$ fixed rate swap | 2022 |  |  |  |  |  |  |
Derivative financial instruments. |  |  |  |  |  |  |
Fair value of liabilities |  |  |  |  | (42,000) |  |
TJLP vs. US$ fixed rate swap | 2023+ |  |  |  |  |  |  |
Derivative financial instruments. |  |  |  |  |  |  |
Fair value of liabilities |  |  |  |  | (71,000) |  |
R$ fixed rate vs. US$ fixed rate swap |  |  |  |  |  |  |
Derivative financial instruments. |  |  |  |  |  |  |
Notional amount | R$ |  |  |  |  |  | 2,173 |
Receivable | R$ |  |  |  | R$ 2,512 |  |  |
Payable |  |  |  |  | $ 621,000 |  | 604,000
Average receivable rate |  |  |  | 5.43% | 5.43% |  |
Average payable rate |  |  |  | 0.31% | 0.31% |  |
Fair value of liabilities |  |  |  |  | $ (111,000) |  | (18,000)
Financial settlement inflows (outflows) | (48,000) |  |  |  |  |  |
Value at risk |  |  |  |  | 11,000 |  |
R$ fixed rate vs. US$ fixed rate swap | 2021 |  |  |  |  |  |  |
Derivative financial instruments. |  |  |  |  |  |  |
Fair value of liabilities |  |  |  |  | (63,000) |  |
R$ fixed rate vs. US$ fixed rate swap | 2022 |  |  |  |  |  |  |
Derivative financial instruments. |  |  |  |  |  |  |
Fair value of assets |  |  |  |  | (51,000) |  |
R$ fixed rate vs. US$ fixed rate swap | 2023+ |  |  |  |  |  |  |
Derivative financial instruments. |  |  |  |  |  |  |
Fair value of assets |  |  |  |  | 3,000 |  |
IPCA vs. US$ fixed rate swap |  |  |  |  |  |  |
Derivative financial instruments. |  |  |  |  |  |  |
Notional amount | R$ |  |  |  |  |  | 2,826 |
Receivable | R$ |  |  |  | R$ 2,363 |  |  |
Payable |  |  |  |  | $ 622,000 |  | 759,000
Average receivable rate |  |  |  | 5.10% | 5.10% |  |
Average payable rate |  |  |  | 4.02% | 4.02% |  |
Fair value of liabilities |  |  |  |  | $ (173,000) |  | 46,000
Financial settlement inflows (outflows) | (12,000) |  |  |  |  |  |
Value at risk |  |  |  |  | 13,000 |  |
IPCA vs. US$ fixed rate swap | 2021 |  |  |  |  |  |  |
Derivative financial instruments. |  |  |  |  |  |  |
Fair value of assets |  |  |  |  | (73,000) |  |
IPCA vs. US$ fixed rate swap | 2022 |  |  |  |  |  |  |
Derivative financial instruments. |  |  |  |  |  |  |
Fair value of assets |  |  |  |  | (8,000) |  |
IPCA vs. US$ fixed rate swap | 2023+ |  |  |  |  |  |  |
Derivative financial instruments. |  |  |  |  |  |  |
Fair value of liabilities |  |  |  |  | (92,000) |  |
IPCA vs. CDI swap |  |  |  |  |  |  |
Derivative financial instruments. |  |  |  |  |  |  |
Notional amount | R$ |  |  |  |  |  | 1,634 |
Receivable | R$ |  |  |  | R$ 694 |  |  |
Payable |  |  |  |  | $ 550,000 |  | 1,350,000
Average receivable rate |  |  |  | 6.63% | 6.63% |  |
Average payable rate |  |  |  | 98.76% | 98.76% |  |
Fair value of liabilities |  |  |  |  | $ 45,000 |  | 104,000
Financial settlement inflows (outflows) | 44,000 |  |  |  |  |  |
Value at risk |  |  |  |  | 1,000 |  |
IPCA vs. CDI swap | 2021 |  |  |  |  |  |  |
Derivative financial instruments. |  |  |  |  |  |  |
Fair value of liabilities |  |  |  |  | 7,000 |  |
IPCA vs. CDI swap | 2022 |  |  |  |  |  |  |
Derivative financial instruments. |  |  |  |  |  |  |
Fair value of liabilities |  |  |  |  | 38,000 |  |
EUR fixed rate vs. US$ fixed rate swap |  |  |  |  |  |  |
Derivative financial instruments. |  |  |  |  |  |  |
Notional amount | R$ |  |  |  |  |  | 500 |
Receivable | R$ |  |  |  | R$ 500 |  |  |
Payable |  |  |  |  | $ 613,000 |  | 613,000
Average receivable rate |  |  |  | 3.75% | 3.75% |  |
Average payable rate |  |  |  | 4.29% | 4.29% |  |
Fair value of liabilities |  |  |  |  | $ 5,000 |  |
Fair value of assets |  |  |  |  | (1,000) |  | $ (35,000)
Financial settlement inflows (outflows) | $ (6,000) |  |  |  |  |  |
EUR fixed rate vs. US$ fixed rate swap | 2021 |  |  |  |  |  |  |
Derivative financial instruments. |  |  |  |  |  |  |
Fair value of liabilities |  |  |  |  | (4,000) |  |
EUR fixed rate vs. US$ fixed rate swap | 2022 |  |  |  |  |  |  |
Derivative financial instruments. |  |  |  |  |  |  |
Fair value of liabilities |  |  |  |  | (3,000) |  |
EUR fixed rate vs. US$ fixed rate swap | 2023+ |  |  |  |  |  |  |
Derivative financial instruments. |  |  |  |  |  |  |
Fair value of liabilities |  |  |  |  | $ 6,000 |  |
Forward |  |  |  |  |  |  |
Derivative financial instruments. |  |  |  |  |  |  |
Payable | R$ |  |  |  | R$ 916 |  | R$ 121 |
Average payable rate |  |  |  | 5.96% | 5.96% |  |
Fair value of liabilities |  |  |  |  | $ (1,000) |  |
Value at risk |  |  |  |  | 3,000 |  |
Forward | 2021 |  |  |  |  |  |  |
Derivative financial instruments. |  |  |  |  |  |  |
Fair value of assets |  |  |  |  | $ (1,000) |  |

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 Aggregate notional amount specified by the derivative(s). Expressed as an absolute value. + References No definition available. + Details
Name: | vale_DerivativesNotionalAmount
Namespace Prefix: | vale_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
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_BrazilianInterbankInterestRateVersusUSFixedRateSwapMember
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_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember
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_ClassesOfFinancialInstrumentsAxis=vale_LongTermInterestRateVersusUSFixedRateSwapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

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

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

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

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

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