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Information by business segment and geographic area (Tables)
12 Months Ended
Dec. 31, 2021
Information by business segment and geographic area  
Schedule of adjusted EBITDA

Year ended December 31, 2021

Sales,

Dividends 

Cost of goods

administrative 

received and 

sold and

and other 

Pre operating

interest from

Net operating

services

operating

Research and

and operational

associates and 

Adjusted

    

revenue

    

rendered

    

expenses

    

evaluation

    

stoppage

    

joint ventures

    

EBITDA

Ferrous minerals

 

  

  

  

  

 

  

 

  

  

Iron ore

 

38,701

(11,468)

(135)

(198)

 

(330)

 

10

26,580

Iron ore pellets

 

7,053

(2,231)

30

(3)

 

(47)

 

71

4,873

Ferroalloys and manganese

 

175

(119)

(2)

 

(15)

 

39

Other ferrous products and services

 

373

(281)

9

(2)

 

(2)

 

97

 

46,302

(14,099)

(96)

(205)

 

(394)

 

81

31,589

Base metals

 

 

 

Nickel and other products

 

5,377

(3,606)

(5)

(77)

 

(113)

 

1,576

Copper

 

2,589

(878)

(9)

(81)

 

(4)

 

1,617

 

7,966

(4,484)

(14)

(158)

 

(117)

 

3,193

Brumadinho event and de-characterization of dams

(2,576)

(2,576)

COVID-19

(44)

(44)

Others (i)

 

234

(289)

(685)

(185)

 

(3)

 

109

(819)

Total of continuing operations

 

54,502

(18,872)

(3,415)

(548)

 

(514)

 

190

31,343

Discontinued operations - Coal

 

1,083

(1,317)

(26)

(7)

 

 

78

(189)

Total

 

55,585

(20,189)

(3,441)

(555)

 

(514)

 

268

31,154

(i) Includes the negative EBITDA of VNC in the amount of US$65, since upon the decision to sell this operation, the bodies responsible for making decisions on the Company's operating performance no longer analyze this operation as part of the Base Metals operating segment (notes 15 and 19).

Year ended December 31, 2020

Sales,

Dividends 

Cost of goods

administrative 

received and 

sold and

and other 

Pre operating

interest from

Net operating

services

operating

Research and

and operational

associates and 

Adjusted

    

revenue

    

rendered

    

expenses

    

evaluation

    

stoppage

    

joint ventures

    

EBITDA

Ferrous minerals

Iron ore

 

27,285

(8,171)

(187)

(127)

 

(534)

 

23

18,289

Iron ore pellets

 

4,242

(1,661)

11

(5)

 

(77)

 

116

2,626

Ferroalloys and manganese

 

225

(179)

(2)

 

(29)

 

15

Other ferrous products and services

 

326

(254)

3

(2)

 

 

2

75

 

32,078

(10,265)

(173)

(136)

 

(640)

 

141

21,005

Base metals

 

Nickel and other products

 

4,652

(2,734)

(21)

(42)

 

(29)

 

1,826

Copper

 

2,175

(794)

(7)

(68)

 

(1)

 

1,305

6,827

(3,528)

(28)

(110)

 

(30)

 

3,131

Brumadinho event and de-characterization of dams

(5,257)

(5,257)

COVID-19

(109)

(109)

Others (i)

 

640

(810)

(932)

(169)

 

(12)

 

32

(1,251)

Total of continuing operations

 

39,545

(14,603)

(6,499)

(415)

(682)

173

17,519

Discontinued operations - Coal

 

473

(1,456)

(15)

(28)

95

(931)

Total

 

40,018

(16,059)

(6,514)

(443)

 

(682)

 

268

16,588

(i) Includes the reclassification of the negative EBITDA of VNC in the amount of US$150, since upon the decision to sell this operation, the bodies responsible for making decisions on the Company's operating performance no longer analyze this operation as part of the Base Metals operating segment (notes 15 and 19).

Year ended December 31, 2019

Sales,

Dividends 

Cost of goods

administrative 

received and 

sold and

and other 

Pre operating

interest from

Net operating

services

operating

Research and

and operational

associates and 

Adjusted

    

revenue

    

rendered

    

expenses

    

evaluation

    

stoppage

    

joint ventures

    

EBITDA

Ferrous minerals

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Iron ore

 

23,343

(8,778)

(323)

(123)

 

(750)

 

29

13,398

Iron ore pellets

 

5,948

(2,666)

(20)

(16)

 

(72)

 

258

3,432

Ferroalloys and manganese

 

282

(220)

(8)

(2)

 

(1)

 

51

Other ferrous products and services

 

432

(324)

(1)

 

 

9

116

 

30,005

(11,988)

(351)

(142)

 

(823)

 

296

16,997

Base metals

 

Nickel and other products

 

3,954

(2,334)

(74)

(38)

(28)

1,480

Copper

 

1,904

(905)

(5)

(43)

(20)

931

5,858

(3,239)

(79)

(81)

(48)

2,411

Brumadinho event and de-characterization of dams

(7,402)

(7,402)

Others (i)

 

686

(923)

(507)

(190)

 

(11)

 

57

(888)

Total of continuing operations

 

36,549

(16,150)

(8,339)

(413)

(882)

353

11,118

Discontinued operations - Coal

 

1,021

(1,638)

1

(30)

113

(533)

Total

 

37,570

(17,788)

(8,338)

(443)

(882)

466

10,585

(i) Includes the reclassification of the negative EBITDA of VNC in the amount of US$237, since upon the decision to sell this operation, the bodies responsible for making decisions on the Company's operating performance no longer analyze this operation as part of the Base Metals operating segment (notes 15 and 19).

Year ended December 31, 

    

2021

    

2020

    

2019

Net income from continuing operations attributable to Vale's stockholders

24,736

6,258

324

Net income (loss) attributable to noncontrolling interests

108

(3)

115

Net income from

24,844

6,255

439

Depreciation, depletion and amortization

3,034

3,215

3,489

Income taxes

4,697

735

(595)

Financial results

(3,119)

4,813

3,393

Equity results and other results in associates and joint ventures

1,271

1,020

656

Dividends received and interest from associates and joint ventures

190

173

353

Impairment and disposal of non-current assets

426

1,308

3,383

Adjusted EBITDA from continuing operations

31,343

17,519

11,118

    

Year ended December 31,

    

2021

2020

2019

Loss from discontinued operations attributable to Vale's stockholders

(2,291)

(1,377)

(2,007)

Loss attributable to noncontrolling interests

(85)

(347)

(612)

Loss

(2,376)

(1,724)

(2,619)

Depreciation, depletion and amortization

69

19

237

Income taxes

(821)

(297)

Financial results

(447)

(2)

20

Equity results in associates and joint ventures

26

43

25

Dividends received and interest from associates and joint ventures (i)

78

95

113

Impairment of non-current assets

3,282

935

1,691

Adjusted EBITDA from discontinued operations

(189)

(931)

(533)

(i)Includes the remuneration of the financial instrument of the Coal segment.
Asset by segment

December 31, 2021

December 31, 2020

Investments in

Property, plant

Investments in

Property, plant

Product

associates and

and equipment

Product

associates and

and equipment

    

inventory

    

joint ventures

    

and intangibles 

    

 inventory

    

joint ventures

    

and intangibles (i)

Ferrous minerals

2,186

1,113

28,988

2,017

1,154

29,436

Base metals

 

1,384

17

20,127

1,231

18

19,549

Coal (note 16)

 

25

Others

 

21

621

1,827

859

1,459

Total

 

3,591

1,751

50,942

3,273

2,031

50,444

Year ended December 31, 

2021

2020

2019

Capital expenditures (i)

Capital expenditures (i)

Capital expenditures (i)

Depreciation,

Depreciation,

Depreciation,

Sustaining

Project

depletion and

Sustaining

Project

depletion and

Sustaining

Project

depletion and

    

capital

    

execution

    

amortization

    

capital

    

execution

    

amortization

    

capital

    

execution

    

amortization

Ferrous minerals

 

2,496

 

531

 

1,771

 

2,134

 

258

 

1,768

1,685

 

385

 

2,063

Base metals

 

1,518

 

344

 

1,213

 

1,415

 

239

 

1,351

1,089

 

151

 

1,191

Others (ii)

 

20

 

124

 

50

 

156

 

25

 

96

 

146

 

8

 

235

Total

 

4,034

 

999

 

3,034

 

3,705

 

522

 

3,215

 

2,920

 

544

 

3,489

(i) Amounts disbursed during the periods presented above.

(ii) Includes the reclassification of VNC under the captions “Sustaining capital” and “depreciation, depletion and amortization”, in the amount of US$151 and US$46, respectively, for the year ended December 31, 2020 and in the amount of US$136 and US$160, respectively, for the year ended December 31, 2019.

Assets and net operating revenue by geographic area

December 31, 2021

December 31, 2020

Investments in

Property,

Investments in

Property,

associates and

plant and

associates and

plant and

    

joint ventures

    

Intangible

    

equipment

    

Total

    

joint ventures

    

Intangible

    

equipment

    

Total

Brazil

1,730

7,050

23,793

32,573

1,760

7,341

23,364

32,465

Canada

1,958

12,441

14,399

1,951

11,798

13,749

Americas, except Brazil and Canada

3

3

234

5

239

Europe

739

739

894

894

Indonesia

1

2,723

2,724

2

2,729

2,731

Asia, except Indonesia and China

21

874

895

20

951

971

China

2

21

23

17

2

19

38

Oman

1,337

1,337

1,388

1,388

Total

1,751

9,011

41,931

52,693

2,031

9,296

41,148

52,475

Year ended December 31, 2021

Ferrous

    

minerals

    

Base metals

    

Others

    

Total

Americas, except United States and Brazil

 

877

402

4

1,283

United States of America

 

392

1,151

1,543

Germany

618

1,416

2,034

Europe, except Germany

 

2,373

2,323

4,696

Middle East, Africa, and Oceania

 

2,140

15

2,155

Japan

 

3,977

546

4,523

China

 

27,510

1,093

28,603

Asia, except Japan and China

 

3,536

965

4,501

Brazil

 

4,879

55

230

5,164

Net operating revenue

 

46,302

7,966

234

54,502

Year ended December 31, 2020

Ferrous

    

minerals

    

Base metals

    

Others

    

Total

Americas, except United States and Brazil

334

83

343

760

United States of America

244

797

1,041

Germany

357

1,169

1,526

Europe, except Germany

1,214

2,356

3,570

Middle East, Africa, and Oceania

1,418

17

1,435

Japan

1,793

400

2,193

China

22,202

922

23,124

Asia, except Japan and China

2,068

931

2,999

Brazil

2,448

152

297

2,897

Net operating revenue

32,078

6,827

640

39,545

Year ended December 31, 2019

Ferrous

    

minerals

    

Base metals

    

Others

    

Total

Americas, except United States and Brazil

523

532

303

1,358

United States of America

404

931

1,335

Germany

1,161

522

1,683

Europe, except Germany

1,514

1,715

3,229

Middle East, Africa, and Oceania

2,083

20

2,103

Japan

2,057

426

2,483

China

17,572

670

18,242

Asia, except Japan and China

2,032

816

2,848

Brazil

2,659

226

383

3,268

Net operating revenue

30,005

5,858

686

36,549