XML 103 R91.htm IDEA: XBRL DOCUMENT
v3.21.2

Financial and capital risk management - Protection program for Libor floating interest rate US$ denominated debt (Details) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended |
--- | --- | --- | ---
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020 | Dec. 31, 2020
Derivative financial instruments. |  |  |  |  |
Financial settlement inflows (outflows) | $ 60 | $ (114) | $ (139) | $ 159 |
Libor floating interest rate US$ denominated debt |  |  |  |  |
Derivative financial instruments. |  |  |  |  |
Receivable | 950 |  | 950 |  | $ 950
Payable | $ 950 |  | $ 950 |  | 950
Average receivable rate | 0.13% |  | 0.13% |  |
Average payable rate | 0.48% |  | 0.48% |  |
Fair value of liabilities | $ 1 |  | $ 1 |  | $ (7)
Financial settlement inflows (outflows) |  |  | (1) |  |
Value at risk | 2 |  | 2 |  |
Libor floating interest rate US$ denominated debt | 2021 |  |  |  |  |
Derivative financial instruments. |  |  |  |  |
Fair value of liabilities | (1) |  | (1) |  |
Libor floating interest rate US$ denominated debt | 2023+ |  |  |  |  |
Derivative financial instruments. |  |  |  |  |
Fair value of liabilities | 2 |  | 2 |  |
Put options - Nickel Revenue Hedging - Bought |  |  |  |  |
Derivative financial instruments. |  |  |  |  |
Value at risk | 1 |  | 1 |  |
Put options - Nickel Revenue Hedging - Bought | 2021 |  |  |  |  |
Derivative financial instruments. |  |  |  |  |
Fair value of liabilities | $ 3 |  | $ 3 |  |
EUR fixed rate vs. US$ fixed rate swap |  |  |  |  |
Derivative financial instruments. |  |  |  |  |
Average receivable rate | 0.00% |  | 0.00% |  |
Average payable rate | 0.00% |  | 0.00% |  |

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_LiborVersusUSFixedSwapRateMember
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=vale_LaterThanTwoYearAndThereAfterMember
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_EuroFixedRateVersusUSFixedRateSwapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |