<SEC-DOCUMENT>0001292814-22-002677.txt : 20220610
<SEC-HEADER>0001292814-22-002677.hdr.sgml : 20220610
<ACCEPTANCE-DATETIME>20220610060343
ACCESSION NUMBER:		0001292814-22-002677
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20220630
FILED AS OF DATE:		20220610
DATE AS OF CHANGE:		20220610

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:		221007556

	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>vale20220609_6k2.htm
<DESCRIPTION>6-K
<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">June 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="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><IMG SRC="vale202206096k2_001.jpg" ALT="">&nbsp;</P>

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

<P STYLE="font: bold 16pt Caecilia Light; margin: 0; text-align: justify; color: #007e7a"><B>Vale announces expiration and results of
cash tender offers for notes due 2026, 2034, 2032, 2039, 2036 and 2042</B></P>

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

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">Rio de </FONT>Janeiro &#8211; June
9, 2022 &#8211; Vale S.A. (&#8220;Vale&#8221;), Vale Canada Limited (&#8220;Vale Canada&#8221;) and Vale Overseas Limited (&#8220;Vale
Overseas,&#8221; and together with Vale and Vale Canada, the &#8220;Offerors&#8221;) announce the expiration of the previously announced
offers to purchase (the &#8220;Offers&#8221;) with respect to any and all of the Notes issued by the Offerors of the series set forth
in the table below (the &#8220;Notes&#8221; and each a &#8220;series&#8221; of Notes).</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">The Offerors also announce the </FONT>expiration
date results of the Offers as of the Expiration Date (as defined below) as set forth in the table below, including the aggregate principal
amount of Notes validly tendered and accepted in such Offers, and the aggregate principal amount of Notes reflected in notices of guaranteed
delivery delivered at or prior to the Expiration Date:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 10pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 8%">
    <P STYLE="font: 7.5pt Arial,sans-serif; margin: 0 0 1pt; text-align: center; border-bottom: Black 0.5pt solid"><B>Issuer</B></P></TD>
    <TD STYLE="width: 12%">
    <P STYLE="font: 7.5pt Arial,sans-serif; margin: 0 0 1pt; text-align: center; border-bottom: Black 0.5pt solid"><B>Title of Security</B></P></TD>
    <TD STYLE="width: 18%">
    <P STYLE="font: 7.5pt Arial,sans-serif; margin: 0 0 1pt; text-align: center; border-bottom: Black 0.5pt solid"><B>CUSIP / ISIN Nos.</B></P></TD>
    <TD STYLE="width: 11%">
    <P STYLE="font: 7.5pt Arial,sans-serif; margin: 0 0 1pt; text-align: center; border-bottom: Black 0.5pt solid"><B>Principal Amount Outstanding</B></P></TD>
    <TD STYLE="width: 7%">
    <P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 1pt; text-align: center; border-bottom: Black 0.5pt solid"><B>Acceptance Priority Level</B></P></TD>
    <TD STYLE="width: 12%">
    <P STYLE="font: 7.5pt Arial,sans-serif; margin: 0 0 1pt; text-align: center; border-bottom: Black 0.5pt solid"><B>Consideration<SUP>(1)</SUP></B></P></TD>
    <TD STYLE="width: 10%">
    <P STYLE="font: 7.5pt Arial,sans-serif; margin: 0 0 1pt; text-align: center; border-bottom: Black 0.5pt solid"><B>Principal Amount Tendered<SUP>(2)</SUP></B></P></TD>
    <TD STYLE="width: 10%">
    <P STYLE="font: 7.5pt Arial,sans-serif; margin: 0 0 1pt; text-align: center; border-bottom: Black 0.5pt solid"><B>Principal Amount Accepted<SUP>(2)</SUP></B></P></TD>
    <TD STYLE="width: 12%">
    <P STYLE="font: 7.5pt Arial,sans-serif; margin: 0 0 1pt; text-align: center; border-bottom: Black 0.5pt solid"><B>Principal Amount Reflected
    in Notices of Guaranteed Delivery</B></P></TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">Vale Overseas</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">6.250% Guaranteed Notes due 2026</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">CUSIP: 91911TAP8<BR>
ISIN: US91911TAP84</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">$1,705,706,000</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">1</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">$1,075.42</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">$959,616,000</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">$959,616,000</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">$11,289,000</FONT></TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">Vale Overseas</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">8.250% Guaranteed Notes due 2034</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">CUSIP: 91911TAE3<BR>
ISIN: US91911TAE38</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">$681,486,000</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">2</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">$1,219.43</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">$40,149,000</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">$40,149,000</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">$6,650,000</FONT></TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">Vale Canada</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">7.200% Debentures due 2032</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">CUSIP: 453258AP0<BR>
ISIN: US453258AP01</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">$296,674,000</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">3</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">$1,131.42</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">$17,628,000</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">$17,628,000</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">Vale Overseas</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">6.875% Guaranteed Notes due 2039</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">CUSIP: 91911TAK9<BR>
ISIN: US91911TAK97</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">$1,331,222,000</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">4</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">$1,124.29</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">$80,703,000</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">$80,703,000</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">$8,533,000</FONT></TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">Vale Overseas</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">6.875% Guaranteed Notes due 2036</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">CUSIP: 91911TAH6<BR>
ISIN: US91911TAH68</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">$1,618,987,000</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">5</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">$1,115.14</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">$160,239,000</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">$160,239,000</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">$20,000</FONT></TD></TR>
  <TR>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">Vale S.A.</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">5.625% Notes due 2042</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">CUSIP: 91912EAA3<BR>
ISIN: US91912EAA38</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">$520,405,000</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">6</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">$980.84</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">$29,113,000</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">$29,113,000</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7.5pt">$47,000</FONT></TD></TR>
  </TABLE>

<HR SIZE="1" NOSHADE ALIGN="LEFT" STYLE="width: 25%; color: black">

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7.5pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(1)</TD><TD>Per $1,000 principal amount. All holders of Notes accepted for purchase will also receive accrued and unpaid interest on Notes validly
tendered and accepted for purchase from and including the applicable last interest payment date up to, but not including, the Settlement
Date (as defined below).</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7.5pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(2)</TD><TD>The amounts do not include the principal amount of Notes with respect to which holders have delivered notices of guaranteed delivery.</TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">The Offers were made upon the terms
</FONT>and subject to the conditions set forth in the offer to purchase dated June 3, 2022 (the &#8220;Offer to Purchase&#8221;) relating
to the Notes and the accompanying notice of guaranteed delivery. The Offers expired at 5:00 p.m., New York City time, today (the &#8220;Expiration
Date&#8221;). The settlement date with respect to the Offers is expected to occur on June 14, 2022 (the &#8220;Settlement Date&#8221;).</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">In order to be eligible to participate in the Offers, holders of
Notes who delivered notices of guaranteed delivery prior to the Expiration Date must deliver such Notes no later than 5:00 p.m., New York
City time, on June 13, 2022 (the &#8220;Guaranteed Delivery Date&#8221;), pursuant to the Guaranteed Delivery Procedures (as defined in
the Offer to Purchase).</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">The Offerors&#8217; obligation to accept Notes tendered in the
Offers is subject to the terms and conditions of the Offer to Purchase, which is hereby amended to increase the maximum aggregate principal
amount of Notes that the Offerors will purchase pursuant to the Offers from US$1,000,000,000 to US$1,313,987,000 (as amended, the &#8220;Maximum
Purchase Amount&#8221;). As a result, on the terms and subject to the conditions set forth in the Offer to Purchase, as amended, the Offerors
have accepted for purchase all of the Notes validly tendered, and expect to accept all of the Notes validly delivered on or prior to the
Guaranteed Delivery Date pursuant to the Guaranteed Delivery Procedures.</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: 10pt Times New Roman,serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify"><FONT STYLE="font-size: 10pt">The aggregate principal amount of
Notes that will be purchased by the Offerors on the Settlement Date is subject to change based on deliveries of Notes pursuant to the
Guaranteed Delivery Procedures. The aggregate principal amount of Notes accepted and expected to be accepted in the Offers, </FONT>excluding
any premium and accrued and unpaid interest, will be approximately US$1,313,987,000.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">All conditions described in the Offer to Purchase that were to
be satisfied or waived on or prior to the Expiration Date have been satisfied.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">Vale has retained BMO Capital Markets Corp., Citigroup Global Markets
Inc., Credit Agricole Securities (USA) Inc., MUFG Securities Americas Inc., Scotia Capital (USA) Inc. and SMBC Nikko Securities America,
Inc. to serve as dealer managers and D.F. King &amp; Co., Inc. to serve as tender and information agent for the Offers.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">This news release is for informational purposes only and is neither
an offer to purchase nor a solicitation of an offer to sell any securities. The Offers were made only by, and pursuant to the terms of,
the Offer to Purchase. The Offers were not made in any jurisdiction in which the making or acceptance thereof would not be in compliance
with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction where the laws required the Offers to be made by
a licensed broker or dealer, the Offers were made by the dealer managers on behalf of the Offerors. None of the Offerors, the tender and
information agent, the dealer managers or the trustee with respect to the Notes, nor any of their affiliates, made any recommendation
as to whether holders should have tendered or refrained from tendering all or any portion of their Notes in response to the Offers. None
of the Offerors, the tender and information agent, the dealer managers or the trustee with respect to the Notes, nor any of their affiliates,
have authorized any person to give any information or to make any representation in connection with the Offers other than the information
and representations contained in the Offer to Purchase.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: center">Gustavo Duarte Pimenta</P>

<P STYLE="font: 10pt/150% Arial,sans-serif; margin: 0; text-align: center">Executive Officer of Investor Relations</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 1pt; margin-bottom: 1pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: right; color: gray"><B>&nbsp;</B></P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: right; color: gray"><B>&nbsp;</B></P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: right; color: gray"><B>For further information, please contact:</B></P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: right; color: gray">Vale.RI@vale.com</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: right; color: gray">Ivan Fadel: ivan.fadel@vale.com</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: right; color: gray">Andre Werner: andre.werner@vale.com</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: right; color: gray">Mariana Rocha: mariana.rocha@vale.com</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: right; color: gray">Samir Bassil: samir.bassil@vale.com</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: right; color: gray">&nbsp;</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify; color: gray">This press release may include statements that present
Vale&#8217;s expectations about future events or results. All statements, when based upon expectations about the future, involve various
risks and uncertainties. Vale cannot guarantee that such statements will prove correct. These risks and uncertainties include factors
related to the following: (a) the countries where we operate, especially Brazil and Canada; (b) the global economy; (c) the capital markets;
(d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition
in the markets in which Vale operates. To obtain further information on factors that may lead to results different from those forecast
by Vale, please consult the reports Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comiss&atilde;o de
Valores Mobili&aacute;rios (CVM) and in particular the factors discussed under &#8220;Forward-Looking Statements&#8221; and &#8220;Risk
Factors&#8221; in Vale&#8217;s annual report on Form 20-F.</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: June 09, 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>



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

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>vale202206096k2_001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 vale202206096k2_001.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_VP!#  @&!@<&!0@'!P<)"0@*#!0-# L+
M#!D2$P\4'1H?'AT:'!P@)"XG("(L(QP<*#<I+# Q-#0T'R<Y/3@R/"XS-#+_
MVP!# 0D)"0P+#!@-#1@R(1PA,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C(R
M,C(R,C(R,C(R,C(R,C(R,C(R,C(R,C+_P  1" #  ND# 2(  A$! Q$!_\0
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M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
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MZ'FR=Y78X=**!THK004444 %%%% !1110 4444 %%%% !1110 4444 %%%%
M!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %
M%%% !1110 445%<B8V[BWECBEQ\KRH74?4 C/YB@"6BN<T>YU_5M)M[\7NFQ
M+.I=5-A(?ER<'_7#J,'\:T-*U&>ZFN[.\CC2[M'"OY1RCJPRK#/(R.QZ$'K3
M:L9QJ*5M-S3HHHI&@4444 %%%% !1110 4444 %%%(X8HP0@-C@D9 /TH 6B
MN<TRYU_4OM;+?:8B07+VZM]AD._;@$_Z[CG([]*T+&]NAJ$FG7_D-.L0F26
M%5=,X^Z22I!]SUIM6,XU%+H_Z^9IT444C0***Y[7/M]G/9O:ZO=*UU>Q0K 8
MX3&%)RP^YN^ZK?Q4TKDSERJ]CH:***104444 %%%% !1110 4444 %%%% !1
M110 4F#2T4 (1FF2Q^9&RL 01@CUJ2D/0T":NK'B'C[PHVD7_P!MM4_T6;EL
M?P&N+['':OI/5-.AU73Y;2Y4%)%P>.AKY_\ $&B7&@:I);3 A,YC;'4=JZJ4
M[Z'SV8X3D?/%:&711[^M&*W/+<DPR,'CFC'YTE=9X(\+OKVJ+-*O^AQ<L3_$
M?2ID^5:FE&FZLU&)TWPY\(E0NKWB9;_EBK#H/6O4%4@^U,@A2"!(XQM11@*.
MPJ3/H.*XYR<GJ?5X>BJ4%%;D5U=16=NTTQ(1>M,LM0MM0@\ZWD#KG!]JDN;=
M;FWEADP5=2,$5QOA:5M-UBYTN0D;F)&?7M^F*@W.RN;N&TA:69PJ+U)IEGJ$
M%_!YT!+)ZUS?C*Y9X8=/C^_,PR*Z#3;9++3X8%4+M7)P* "^U:TTX)]IDV;S
MQ5F*=)XEDC.Y6Z$5P.LQR>(-<N(HF^2WCR#V)%;G@V_^T:<8)&_>0';B@#>O
M;Z"PMS-.VU!3[:YBNX%FA;<C#(-8?B\9\/R9QC(S5WPX,:%:\C&R@#3D<1QL
M[=%!)K&;Q9I"G#7&".",'BM2\_X\9\?\\V_E7!^&TTL_:OM_E!MW!<4 =A9Z
M]87\XAMI3(V,\ UI Y%9NFQZ:(R;!(L X)0#-:0Z4 +1110 4444 %%%% !1
M110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%
M% !1110 4444 %9?B2Z>R\-ZC/&,R"!EC'JY&%_4BM2N>\2"^NUM[.WTJZN(
M5N89I9(Y(E5D1@V!N<'.0.H'UIK<SJNT'8DT^YO+/3[:RAT"]00Q+&IDE@"#
M QR5D8]O0U=TO3Y+0W-Q<R+)=W4GF3,N=HP %5<]@!^/)[U/9W4UTC&:PN+0
M@X"SM&2WN-C-^M%Y<RVT:M#8W%V2<%8&C!'N=[**&$4DDV[V.:M-)B?QMJ#V
M$5O9VT%O'#,;>,([LQ+D9 XR-F3UX&,=1N1Z#I\&I17]M#]GG0%7,7R^<",?
MO/[V.""><UE:1+J5B^H2S^'[\RW=V\V4EMSA<!5',O7:HS[YKI8V+QJS(R$@
M$HV,K['!(_(TY-D4HP:VZWV_X".3BU.RU:XN+C4(K^>U61HH+9+">2$JI*EV
MVH5<DY[D 8[YI)YK&S-L^@:5=6]Q]HC#I%I<T*/&6 ?=\@7A<G)Z8K5M8[W1
M(7M8[&6^MO,9H3 Z!U5B6VL'91P20"">,<59@N-4N;F,FQ2TM1DOY\@:4\<
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M0 4444 %%%% !1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%%
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MT +129HS0 M%)DT#/>E<!:***8!1110!6N[V*TV>;GY\XP/3_P#74 U>T/\
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M?^!__6K6.9XY;I"]G$]'34;63I*M2BYA/25?SKS9?$2=[=OP-2CQ#;]XI1]
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M0'[)'9'5[4?Q$_04PZU;#^%S^%<:VNV8'!<^P%1-XAMAP(Y3^ J'F^.EM'\
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M@C_ID?\ "F?V=?#_ )<[C_OTW^%?3>U?2D*+CE5_*G[=]A/*(])'S)]@O/\
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M#W_0+A_6HF\!^&G;<VEQ$_[S?XT>W0?V34_F/G[ _O49(X!KZ _X0'PS_P!
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M **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@
MHHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "B
MBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ***
D* "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH __9

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