XML 100 R88.htm IDEA: XBRL DOCUMENT v3.21.2

Financial and capital risk management - Effects of derivatives on the income statement, cash flow and other comprehensive income (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Financial instruments classification
Gain (loss) recognized in the income statement	$ 856	$ (86)	$ 417	$ (1,470)
Financial settlement inflows (outflows)	60	(114)	(139)	159
Net investments hedge
Financial instruments classification
Gain recognized in other comprehensive income	202	(119)	42	(639)
Thermal Coal Cash flow hedge
Financial instruments classification
Gain recognized in other comprehensive income	(7)		(7)
Cash flow hedge (Nickel and Palladium)
Financial instruments classification
Gain recognized in other comprehensive income	(28)	(49)	(19)	15
Others
Financial instruments classification
Financial settlement inflows (outflows)		2	1	67
Derivatives not designated as hedge | Foreign exchange and interest rate risk
Financial instruments classification
Gain (loss) recognized in the income statement	788	(230)	306	(1,321)
Financial settlement inflows (outflows)	(11)	(25)	(224)	(70)
Derivatives not designated as hedge | Foreign exchange and interest rate risk | CDI & TJLP vs. US$ fixed and floating rate swap
Financial instruments classification
Gain (loss) recognized in the income statement	326	(185)	52	(865)
Financial settlement inflows (outflows)	(9)	(33)	(99)	(51)
Derivatives not designated as hedge | Foreign exchange and interest rate risk | IPCA swap
Financial instruments classification
Gain (loss) recognized in the income statement	54	(24)	69	(256)
Financial settlement inflows (outflows)			(18)
Derivatives not designated as hedge | Foreign exchange and interest rate risk | Eurobonds Swap
Financial instruments classification
Gain (loss) recognized in the income statement		7	(28)	(27)
Financial settlement inflows (outflows)			(29)	(6)
Derivatives not designated as hedge | Foreign exchange and interest rate risk | Pre-dollar swap and forward (NDF)
Financial instruments classification
Gain (loss) recognized in the income statement	411	(28)	206	(173)
Financial settlement inflows (outflows)	(2)	8	(77)	(13)
Derivatives not designated as hedge | Foreign exchange and interest rate risk | Libor swap
Financial instruments classification
Gain (loss) recognized in the income statement	(3)		7
Financial settlement inflows (outflows)			(1)
Derivatives not designated as hedge | Commodities price risk
Financial instruments classification
Gain (loss) recognized in the income statement	64	99	106	(247)
Financial settlement inflows (outflows)	71	(91)	84	162
Derivatives not designated as hedge | Commodities price risk | Base metals products
Financial instruments classification
Gain (loss) recognized in the income statement			(2)	(1)
Financial settlement inflows (outflows)	(1)	38	(8)	292
Derivatives not designated as hedge | Commodities price risk | Gasoil Brent and Freight
Financial instruments classification
Gain (loss) recognized in the income statement	64	99	108	(246)
Financial settlement inflows (outflows)	72	(129)	92	(130)
Derivatives not designated as hedge | Others
Financial instruments classification
Gain (loss) recognized in the income statement	4	45	5	98
Derivatives not designated as hedge | Others | Others
Financial instruments classification
Gain (loss) recognized in the income statement	4	45	5	98
Financial settlement inflows (outflows)		$ 2	1	$ 67
Vale S.A. International | Designated hedge
Financial instruments classification
Financial instruments designated as hedging instruments, at fair value	$ 2,331		$ 2,331

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 fair value of financial instruments designated as hedging instruments. Hedging instruments are designated derivatives or (for a hedge of the risk of changes in foreign currency exchange rates only) designated non-derivative financial assets or non-derivative financial liabilities whose fair value or cash flows are expected to offset changes in the fair value or cash flows of a designated hedged item. [Refer: At fair value [member]; Derivatives [member]; Derivative financial assets; Derivative financial liabilities; Financial instruments, class [member]; Financial assets; Financial liabilities]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Note Expiry date 2021-01-01
-Name IFRS
-Number 7
-IssueDate 2020-01-01
-Paragraph 22
-Subparagraph b
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2017-en-b&anchor=para_22_b&doctype=Standard&book=b
-URIDate 2020-01-01

+ Details

Name:	ifrs-full_FinancialInstrumentsDesignatedAsHedgingInstrumentsAtFairValue
Namespace Prefix:	ifrs-full_
Data Type:	xbrli:monetaryItemType
Balance Type:	na
Period Type:	instant

X

- Definition

The gain (loss) recognised in other comprehensive income on hedge ineffectiveness. [Refer: Gain (loss) on hedge ineffectiveness]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 7
-IssueDate 2020-01-01
-Paragraph 24C
-Subparagraph a
-Clause i
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2020-en-r&anchor=para_24C_a_i&doctype=Standard
-URIDate 2020-01-01

+ Details

Name:	ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInOtherComprehensiveIncome
Namespace Prefix:	ifrs-full_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

X

- Definition

The gain (loss) recognised in profit or loss on hedge ineffectiveness. [Refer: Gain (loss) on hedge ineffectiveness]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 7
-IssueDate 2020-01-01
-Paragraph 24C
-Subparagraph a
-Clause i
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2020-en-r&anchor=para_24C_a_i&doctype=Standard
-URIDate 2020-01-01

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 7
-IssueDate 2020-01-01
-Paragraph 24C
-Subparagraph b
-Clause ii
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2020-en-r&anchor=para_24C_b_ii&doctype=Standard
-URIDate 2020-01-01

+ Details

Name:	ifrs-full_GainLossOnHedgeIneffectivenessRecognisedInProfitOrLoss
Namespace Prefix:	ifrs-full_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	duration

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_NetInvestmentsHedgeMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_ClassesOfFinancialInstrumentsAxis=vale_ThermalCoalCashFlowHedgeMember
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_TypesOfRisksAxis=vale_OtherDerivativeRiskMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	vale_HedgingDesignationsAxis=vale_NotDesignatedAsHedgingInstrumentsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_TypesOfRisksAxis=vale_ForeignExchangeAndInterestRateRiskMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_ClassesOfFinancialInstrumentsAxis=vale_CdiTjlpVersusUsdFixedAndFloatingRateSwapMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_ClassesOfFinancialInstrumentsAxis=vale_IpcaSwapMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_ClassesOfFinancialInstrumentsAxis=vale_EurobondsSwapMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_ClassesOfFinancialInstrumentsAxis=vale_PreDollarSwapMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_ClassesOfFinancialInstrumentsAxis=vale_LiborSwapMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_TypesOfRisksAxis=ifrs-full_CommodityPriceRiskMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_ClassesOfFinancialInstrumentsAxis=vale_BaseMetalsProductsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_ClassesOfFinancialInstrumentsAxis=vale_GasoilBrentAndFreightMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_ClassesOfFinancialInstrumentsAxis=vale_OtherOptionsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	dei_LegalEntityAxis=vale_ValeSaInternationalMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_TypesOfHedgesAxis=ifrs-full_HedgesOfNetInvestmentInForeignOperationsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: