<SEC-DOCUMENT>0001292814-22-000661.txt : 20220225
<SEC-HEADER>0001292814-22-000661.hdr.sgml : 20220225
<ACCEPTANCE-DATETIME>20220224202923
ACCESSION NUMBER:		0001292814-22-000661
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20220331
FILED AS OF DATE:		20220225
DATE AS OF CHANGE:		20220224

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Vale S.A.
		CENTRAL INDEX KEY:			0000917851
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15030
		FILM NUMBER:		22673864

	BUSINESS ADDRESS:	
		STREET 1:		PRAIA DE BOTAFOGO, 186
		CITY:			RIO DE JANEIRO
		STATE:			D5
		ZIP:			22250-145
		BUSINESS PHONE:		55 21 3485-3900

	MAIL ADDRESS:	
		STREET 1:		PRAIA DE BOTAFOGO, 186
		CITY:			RIO DE JANEIRO
		STATE:			D5
		ZIP:			22250-145

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Companhia Vale do Rio Doce
		DATE OF NAME CHANGE:	20051108

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VALLEY OF THE RIO DOCE CO
		DATE OF NAME CHANGE:	20020129

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VALLEY OF THE DOCE RIVER CO
		DATE OF NAME CHANGE:	19950602
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>vale20220224_6k3.htm
<DESCRIPTION>VALE20220224_6K3
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

                           <P STYLE="margin: 0pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="border-top: Black 2pt solid; font-size: 1pt; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">United States</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Securities and Exchange Commission</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">FORM 6-K</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Report of Foreign Private Issuer</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Pursuant to Rule 13a-16 or 15d-16</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">of the</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Securities Exchange Act of 1934</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">For the month of</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">February 2022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Vale S.A.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Praia de Botafogo n&ordm; 186, 18&ordm; andar,
Botafogo<BR>
22250-145 Rio de Janeiro, RJ, Brazil</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of principal executive office)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">(Indicate by check mark whether the registrant files
or will file annual reports under cover of Form 20-F or Form 40-F.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 2in; text-align: left; margin-top: 0pt; margin-bottom: 0pt">(Check One)
Form 20-F <FONT STYLE="font-family: Wingdings">&#120;</FONT> Form 40-F <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 31.7pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(Indicate by check mark if the registrant is submitting the Form&nbsp;6-K
in paper as permitted by Regulation&nbsp;S-T Rule&nbsp;101(b)(1))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 2in; text-align: left; margin-top: 0pt; margin-bottom: 0pt">(Check One)
Yes <FONT STYLE="font-family: Wingdings">&#168;</FONT> No <FONT STYLE="font-family: Wingdings">&#120;</FONT>&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: -1.75in; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(Indicate by check mark if the registrant is submitting the Form&nbsp;6-K
in paper as permitted by Regulation&nbsp;S-T Rule&nbsp;101(b)(7))</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 2in; text-align: left; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">(Check
One) Yes </FONT><FONT STYLE="font-family: Wingdings">&#168;</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif">No
</FONT><FONT STYLE="font-family: Wingdings">&#120;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-indent: 31.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange
Act of 1934.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-left: 2in; text-align: left; margin-top: 0pt; margin-bottom: 0pt">(Check One)
Yes <FONT STYLE="font-family: Wingdings">&#168;</FONT> No <FONT STYLE="font-family: Wingdings">&#120;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 139.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(If &#8220;Yes&#8221; is marked, indicate below the file number assigned
to the registrant in connection with Rule 12g3-2(b). 82-&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;</U>.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 3pt; margin-bottom: 3pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 2pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="margin: 0pt"></P>

<!-- Field: Page; Sequence: 1; Options: NewSection -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt">&nbsp;<IMG SRC="vale202202246k3_001.jpg" ALT=""></P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">CNPJ 33.592.510/0001-54</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">NIRE 33.300.019.766</P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>EXTRACT OF THE MINUTES OF THE ORDINARY BOARD</B></P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>OF DIRECTORS MEETING OF VALE S.A.</B></P>

<P STYLE="font: 11pt/150% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">The
Board of Directors (&ldquo;Board&rdquo;) met ordinarily on February 24, 2022, from 9 am to 6:00 pm, at Praia de Botafogo, 186, room 1901,
Botafogo, Rio de Janeiro, RJ, being present Messrs. Jos&eacute; Luciano Duarte Penido &ndash; President, Fernando Jorge Buso Gomes &ndash;
Vice-President, Daniel Andr&eacute; Stieler (&rdquo;DS&rdquo;), Eduardo de Oliveira Rodrigues Filho (&ldquo;ER&rdquo;), Ken Yasuhara (&ldquo;KY&rdquo;),
Lucio Azevedo (&ldquo;LA&rdquo;), Manuel Lino Silva de Sousa Oliveira (&ldquo;OO&rdquo;), Marcelo Gasparino da Silva (&ldquo;MG&rdquo;),
Mauro Gentile Rodrigues da Cunha (&ldquo;MRC&rdquo;), Murilo Cesar Lemos dos Santos Passos (&ldquo;MP&rdquo;), Rachel de Oliveira Maia
(&ldquo;RM&rdquo;), Roberto da Cunha Castello Branco (&ldquo;RCB&rdquo;), and Roger Allan Downey (&ldquo;RD&rdquo;). The works were secretariat
by Luiz Gustavo Gouv&ecirc;a, General Secretary for Corporate Governance of Vale S.A. (&ldquo;Vale&rdquo;). Consequently, the Board deliberated
the following subjects: <B>&ldquo;PROPOSAL OF VALE&rsquo;S SHAREHOLDER REMUNERATION &ndash; 2&ordm; SEMESTER 2021&ndash; </B>With the
favorable opinion of CFin and without any reservations from the Fiscal Council, as reported by the Chairman of the Fiscal Council Marcelo
Amaral Moraes, who participated in the meeting by videoconference, the Board unanimously approved the <B>(i)</B> balance sheet and Financial
Statements for the year ended 12.31.2021; <B>(ii)</B> payment, on 03.16.2022, of remuneration to shareholders in the gross total amount
of R$17,848,950,000.00 in the form of dividends, corresponding to the gross total amount of R$3.701840165 per outstanding common share
and per preferred share of the special class issued by Vale, based on the profit determined in the balance sheet for the year ended 12.31.2021
and refers to the anticipation of the allocation of income for the year 2021. Considering the share buyback program approved in October
2021 and the Matching Program, the value per share mentioned above will be changed according to the number of shares outstanding by Vale
until 03.08.2022, cutoff date for the purpose of calculating the value per share, being certain that, in this case, Vale will issue a
new Notice to Shareholders informing the final value per adjusted share. All shareholders holding shares issued by Vale will be entitled
to receive the total remuneration mentioned above at the close of business of B3 SA &ndash; Brasil, Bolsa, Balc&atilde;o (&ldquo;B3&rdquo;)
on 03.08.2022 and all holders of American Depositary Receipts (&ldquo;ADRs&rdquo;) issued by Vale at the close of business on the New
York Stock Exchange (&ldquo; NYSE&quot;) on 03.10.2022.Vale's shares and ADRs will be traded ex-rights on the B3 and NYSE as of 03.09.2022.&rdquo;;
&ldquo;<B>ANNUAL REPORT, FINANCIAL STATEMENTS AND PROPOSAL FOR ALLOCATION OF RESULTS 2021 &ndash; </B>With a favorable opinion of CoAud
and CFin and without any reservations from the Fiscal Council, as mentioned by the Chairman of the Fiscal Council, and with the participation
by videoconference of the representants of PricewaterhouseCoopers Auditores Independentes (&ldquo;PWC&rdquo;), the Board unanimously approved,
the Annual Report, the balance sheet and further financial statements of Vale prepared in accordance with Brazilian accounting standards
and those prepared in accordance with international financial reporting standards (IFRS), converted into US dollars for filing with the
Securities and Exchange Commission, as well as the Result Allocation Proposal, for the fiscal year ended on 12.31.2021.&rdquo;; </FONT>&ldquo;<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><B>CANCELLATION
OF VALE SHARES &ndash;</B> With a favorable opinion of CFin and without any reservations from the Fiscal Council, as mentioned by the
Chairman of the Fiscal Council, the Board unanimously approved the cancellation of 133,418,347 common shares issued by Vale held in treasury,
without reducing the value of its capital stock,</FONT></P>


<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0pt">&nbsp;<IMG SRC="vale202202246k3_001.jpg" ALT=""></P>

<P STYLE="margin: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">CNPJ 33.592.510/0001-54</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">NIRE 33.300.019.766</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>


<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">representing 43.8% of the total shares
in treasury until 01.20.2022. As a result of the cancellation, Vale's capital stock will be divided into 4,999,040,051 common shares and
12 special class preferred shares, all without par value, and the caput of Article 5 of Vale's Bylaws will be adjusted to reflect this
new number at the next General Meeting, as per the following: &ldquo;Article 5 - Vale's capital stock is R$77,300,000,000.00 (seventy-seven
billion, three hundred million reais), fully subscribed and paid-in, divided into 4,999,040,063 (four billion, nine hundred and ninety-nine
million, forty thousand and sixty-three) book-entry shares, of which R$77,299,999,823.12 (seventy-seven billion, two hundred and ninety-nine
million, nine hundred and ninety-nine thousand, eight hundred and twenty-three reais and twelve cents), divided into 4,999,040,051 (four
billion, nine hundred and ninety-nine million, forty thousand and fifty-one) common shares and R$176.88 (one hundred and seventy-six reais
and eighty-eight cents), divided into 12 (twelve) preferred shares of special class, all without par value.&rdquo;; and &ldquo;<B>MERGERS
OF NEW STEEL AND CENTRO TECNOL&Oacute;GICO SOLU&Ccedil;&Otilde;ES SUSTENT&Aacute;VEIS &ndash; VALE S.A. &ndash;</B> With a favorable opinion
of CFin and without any reservations from the Fiscal Council, as mentioned by the Chairman of the Fiscal Council, the Board unanimously
approved the submission to the next General Meeting of <B>(i)</B> the proposal for the subsequent merger of the companies New Steel Global
S.&agrave;.r.l. (&ldquo;NSG&rdquo;), New Steel SA (&ldquo;New Steel&rdquo;) and Centro Tecnol&oacute;gico Solu&ccedil;&otilde;es Sustent&aacute;veis
&#8203;&#8203;(&ldquo;CTSS&rdquo;) by Vale, in an interdependent manner (the merger of each of the companies is conditioned to the merger
of the others), without increasing the capital stock or issuance of new shares by Vale (&ldquo;Mergers&rdquo;), including (i.a) approval
of the Protocol and Justification of Merger of NSG, New Steel and CTSS by Vale; (i.b) ratification of the appointment of the independent
auditor Macso Legate for the evaluation of net equity of the companies to be merged and the preparation of the respective reports; and
(i.c) approval of the appraisal reports of NSG, New Steel and CTSS; and <B>(ii) </B>the practice of all acts related to the Mergers, all
under the terms proposed.&rdquo; I hereby attest that the items above reflects the decision taken by the Board of Directors.</P>

<P STYLE="font: 11pt/150% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt/150% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: center">Rio de Janeiro, February 24<SUP>th,</SUP>
2022.</P>

<P STYLE="font: 11pt/150% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>LUIZ GUSTAVO GOUV&Ecirc;A</B></P>

<P STYLE="font: 11pt/150% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: center">Secretary</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>



<P STYLE="margin: 0pt"></P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B>&nbsp;</P>

<P STYLE="margin: 0pt"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Signatures</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif">Vale S.A.<BR>
    (Registrant) &nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%">/s/ Ivan Fadel</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">Date: February 24, 2022</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 0in">Head of Investor Relations</TD></TR>
  </TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="margin: 0pt"></P>

<!-- Field: Page; Sequence: 4; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>vale202202246k3_001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 vale202202246k3_001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" !; *D# 2(  A$! Q$!_\0
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MK"BBB@H**** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
?"BBB@ HHHH **** "BBB@ HHHH **** "BBB@#__V0$!

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
