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Investments in subsidiaries, associates, and joint ventures (Tables) | 12 Months Ended
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Dec. 31, 2022
Investments In Subsidiaries Associates And Joint Ventures |
Schedule of investments in associates and joint ventures, equity results and dividends received |
Schedule of investments in associates and joint ventures, equity results and dividends received |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | Investments in associates and joint ventures |  | Equity results in the income statement |  | Dividends received
|  |  |  |  |  | December 31, |  | Year ended December 31, |  | Year ended December 31,
Associates and joint ventures |  | % ownership |  | % voting capital |  | 2022 |  | 2021 |  | 2022 |  | 2021 |  | 2020 |  | 2022 |  | 2021 |  | 2020
Iron Solutions |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Baovale Mineração S.A. |  | 50.00 |  | 50.00 |  | 24 |  | 21 |  | 3 |  | 4 |  | 1 |  | - |  | 1 |  | -
Companhia Coreano-Brasileira de Pelotização |  | 50.00 |  | 50.00 |  | 80 |  | 51 |  | 37 |  | 46 |  | 8 |  | 17 |  | 33 |  | 34
Companhia Hispano-Brasileira de Pelotização |  | 50.89 |  | 50.00 |  | 48 |  | 38 |  | 18 |  | 1 |  | 11 |  | 6 |  | 7 |  | 27
Companhia Ítalo-Brasileira de Pelotização |  | 50.90 |  | 50.00 |  | 62 |  | 48 |  | 31 |  | 40 |  | 10 |  | 24 |  | 23 |  | 23
Companhia Nipo-Brasileira de Pelotização |  | 51.00 |  | 50.00 |  | 145 |  | 129 |  | 52 |  | 40 |  | 8 |  | 59 |  | 8 |  | 32
MRS Logística S.A. |  | 48.16 |  | 47.09 |  | 509 |  | 418 |  | 81 |  | 75 |  | 34 |  | 14 |  | 9 |  | 22
Samarco Mineração S.A. (note 25) |  | 50.00 |  | 50.00 |  | - |  | - |  | - |  | - |  | - |  | - |  | - |  | -
VLI S.A. |  | 29.60 |  | 29.60 |  | 428 |  | 408 |  | (9) |  | (40) |  | (22) |  | - |  | - |  | 2
|  |  |  |  |  | 1,296 |  | 1,113 |  | 213 |  | 166 |  | 50 |  | 120 |  | 81 |  | 140
Energy Transition Materials |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Korea Nickel Corp. |  | 25.00 |  | 25.00 |  | - |  | 17 |  | 3 |  | 1 |  | - |  | - |  | - |  | -
|  |  |  |  |  | - |  | 17 |  | 3 |  | 1 |  | - |  | - |  | - |  | -
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aliança Geração de Energia S.A. |  | 55.00 |  | 55.00 |  | 340 |  | 367 |  | 31 |  | 53 |  | 28 |  | 34 |  | 25 |  | 24
Aliança Norte Energia Participações S.A. |  | 51.00 |  | 51.00 |  | 106 |  | 105 |  | (7) |  | (4) |  | (8) |  | - |  | - |  | -
California Steel Industries, Inc. |  | 50.00 |  | 50.00 |  | - |  | - |  | - |  | 228 |  | (7) |  | 65 |  | 84 |  | -
Companhia Siderúrgica do Pecém |  | 50.00 |  | 50.00 |  | - |  | 99 |  | - |  | 56 |  | (131) |  | - |  | - |  | -
Mineração Rio do Norte S.A. |  | 40.00 |  | 40.00 |  | - |  | - |  | - |  | (5) |  | (3) |  | - |  | - |  | 9
Other |  |  |  |  |  | 56 |  | 50 |  | 6 |  | (1) |  | (5) |  | - |  | - |  | -
|  |  |  |  |  | 502 |  | 621 |  | 30 |  | 327 |  | (126) |  | 99 |  | 109 |  | 33
Equity results in associates and joint ventures |  |  |  |  |  | 1,798 |  | 1,751 |  | 246 |  | 494 |  | (76) |  | 219 |  | 190 |  | 173
Other results in associates and joint ventures |  |  |  |  |  | - |  | - |  | 59 |  | (1,765) |  | (944) |  | - |  | - |  | -
Equity results and other results in associates and joint ventures |  |  |  |  |  | 1,798 |  | 1,751 |  | 305 |  | (1,271) |  | (1,020) |  | 219 |  | 190 |  | 173
Schedule of changes in investments in associates and joint ventures |
Schedule of changes in investments in associates and joint ventures |  |  |  |
| Notes | 2022 |  | 2021
Balance at January 1, |  | 1,751 |  | 2,031
Capital contribution to CSP |  | - |  | 42
Equity results in income statement |  | 246 |  | 494
Dividends declared |  | (186) |  | (228)
Translation adjustment |  | 116 |  | (128)
Impairment of CSP | 16(d) | (111) |  | -
Transfer the equity results to discontinued operations | 16(a) | - |  | (26)
Transfer of CSI to assets held for sale | 16(c) | - |  | (377)
Other |  | (18) |  | (57)
Balance at December 31, |  | 1,798 |  | 1,751
Summarized financial information about relevant associates and joint ventures |
Summarized financial information about relevant associates and joint ventures |  |  |  |  |  |  |  |  |  |  |  |
|  | December 31, 2022
|  | Aliança Geração de Energia |  | Aliança Norte Energia Participações |  | CSP |  | Pelletizing plants (i) |  | MRS Logística |  | VLI S.A.
Current assets |  | 140 |  | - |  | 827 |  | 497 |  | 387 |  | 760
Non-current assets |  | 921 |  | 209 |  | 2,709 |  | 328 |  | 2,398 |  | 3,649
Total assets |  | 1,061 |  | 209 |  | 3,536 |  | 825 |  | 2,785 |  | 4,409
Current liabilities |  | 161 |  | - |  | 491 |  | 164 |  | 509 |  | 810
Non-current liabilities |  | 282 |  | 1 |  | 2,450 |  | 1 |  | 1,219 |  | 2,153
Total liabilities |  | 443 |  | 1 |  | 2,941 |  | 165 |  | 1,728 |  | 2,963
Equity |  | 618 |  | 208 |  | 595 |  | 660 |  | 1,057 |  | 1,446
Net revenue |  | 215 |  | - |  | 2,399 |  | 420 |  | 1,083 |  | 1,376
Net income (loss) |  | 57 |  | (13) |  | 387 |  | 272 |  | 169 |  | (29)
|  | December 31, 2021
|  | Aliança Geração de Energia |  | Aliança Norte Energia Participações |  | CSP |  | Pelletizing plants (i) |  | MRS Logística |  | VLI S.A.
Current assets |  | 112 |  | - |  | 566 |  | 425 |  | 497 |  | 494
Non-current assets |  | 824 |  | 206 |  | 2,615 |  | 267 |  | 1,910 |  | 3,550
Total assets |  | 936 |  | 206 |  | 3,181 |  | 692 |  | 2,407 |  | 4,044
Current liabilities |  | 46 |  | - |  | 438 |  | 166 |  | 447 |  | 580
Non-current liabilities |  | 223 |  | - |  | 2,545 |  | 1 |  | 1,092 |  | 2,085
Total liabilities |  | 269 |  | - |  | 2,983 |  | 167 |  | 1,539 |  | 2,665
Equity |  | 667 |  | 206 |  | 198 |  | 525 |  | 868 |  | 1,379
Net revenue |  | 185 |  | - |  | 2,242 |  | 396 |  | 820 |  | 1,109
Net income (loss) |  | 96 |  | (7) |  | 891 |  | 250 |  | 155 |  | (136)
(i) | Aggregated entities: Companhia Coreano-Brasileira de Pelotização, Companhia Hispano-Brasileira de Pelotização, Companhia Ítalo-Brasileira de Pelotização, and Companhia Nipo-Brasileira de Pelotização.
Schedule of material consolidated entities in each business segment |
Schedule of material consolidated entities in each business segment |  |  |  |  |  |  |  |  |  |
|  | Location |  | Main activity/Business |  | % Ownership |  | % Voting capital |  | % Noncontrolling interest
Direct and indirect subsidiaries |  |  |  |  |  |  |  |  |  |
Companhia Portuária da Baía de Sepetiba |  | Brazil |  | Iron ore |  | 100.0% |  | 100.0% |  | 0.0%
Minerações Brasileiras Reunidas S.A. (“MBR”) |  | Brazil |  | Iron ore |  | 100.0% |  | 100.0% |  | 0.0%
Salobo Metais S.A. |  | Brazil |  | Copper |  | 100.0% |  | 100.0% |  | 0.0%
PT Vale Indonesia |  | Indonesia |  | Nickel |  | 44.3% |  | 44.3% |  | 55.7%
Vale Holdings B.V. |  | Netherlands |  | Holding and research |  | 100.0% |  | 100.0% |  | 0.0%
Vale Canada Limited |  | Canada |  | Nickel |  | 100.0% |  | 100.0% |  | 0.0%
Vale International S.A. |  | Switzerland |  | Trading and holding |  | 100.0% |  | 100.0% |  | 0.0%
Vale Malaysia Minerals Sdn. Bhd. |  | Malaysia |  | Iron ore |  | 100.0% |  | 100.0% |  | 0.0%
Vale Oman Distribution Center LLC |  | Oman |  | Iron ore and pelletizing plant |  | 100.0% |  | 100.0% |  | 0.0%
Vale Oman Pelletizing Company LLC |  | Oman |  | Pelletizing plant |  | 70.0% |  | 70.0% |  | 30.0%
Associates and joint ventures |  |  |  |  |  |  |  |  |  |
Aliança Geração de Energia S.A. |  | Brazil |  | Energy |  | 55.0% |  | 55.0% |  | 45.0%
Aliança Norte Energia Participações S.A. |  | Brazil |  | Energy |  | 51.0% |  | 51.0% |  | 49.0%
Companhia Coreano-Brasileira de Pelotização |  | Brazil |  | Pellets |  | 50.0% |  | 50.0% |  | 50.0%
Companhia Hispano-Brasileira de Pelotização |  | Brazil |  | Pellets |  | 50.9% |  | 50.0% |  | 49.1%
Companhia Ítalo-Brasileira de Pelotização |  | Brazil |  | Pellets |  | 50.9% |  | 50.0% |  | 49.1%
Companhia Nipo-Brasileira de Pelotização |  | Brazil |  | Pellets |  | 51.0% |  | 50.0% |  | 49.0%
Samarco Mineração S.A. |  | Brazil |  | Pellets |  | 50.0% |  | 50.0% |  | 50.0%
Companhia Siderúrgica do Pecém |  | Brazil |  | Steel industry |  | 50.0% |  | 50.0% |  | 50.0%
Mineração Rio do Norte S.A. |  | Brazil |  | Bauxite |  | 40.0% |  | 40.0% |  | 60.0%
MRS Logística S.A. |  | Brazil |  | Logistics |  | 48.2% |  | 47.1% |  | 51.8%
VLI S.A. |  | Brazil |  | Logistics |  | 29.6% |  | 29.6% |  | 70.4%
Summarized financial information of noncontrolling interest |
Summarized financial information of noncontrolling interest |  |  |  |  |  |  |  |  |  |
|  | December 31, 2022
|  |  | PTVI |  | Vale Oman Pelletizing (note 16n) |  |  | Other |  | Total
Current assets |  |  | 853 |  | 84 |  |  | - |  | -
Non-current assets |  |  | 2,147 |  | 581 |  |  | - |  | -
Related parties – Shareholders |  |  | 113 |  | 81 |  |  | - |  | -
Total assets |  |  | 3,113 |  | 746 |  |  | - |  | -
Current liabilities |  |  | 183 |  | 96 |  |  | - |  | -
Non-current liabilities |  |  | 249 |  | 149 |  |  | - |  | -
Related parties – Shareholders |  |  | - |  | 297 |  |  | - |  | -
Total liabilities |  |  | 432 |  | 542 |  |  | - |  | -
Equity |  |  | 2,681 |  | 204 |  |  | - |  | -
Equity (negative reserves) attributable to noncontrolling interests |  |  | 1,492 |  | 61 |  |  | (62) |  | 1,491
Net income |  |  | 181 |  | 29 |  |  | - |  | -
Net income (loss) attributable to noncontrolling interests |  |  | 101 |  | 9 |  |  | (28) |  | 82
Dividends paid to noncontrolling interests |  |  | - |  | 12 |  |  | - |  | 12
| December 31, 2021
|  | PTVI |  | Vale Moçambique |  |  | Vale Oman Pelletizing |  | Other |  | Total
Current assets |  | 771 |  | 420 |  |  | 92 |  | - |  | -
Non-current assets |  | 1,875 |  | 195 |  |  | 633 |  | - |  | -
Related parties – Shareholders |  | 82 |  | 6 |  |  | 25 |  | - |  | -
Total assets |  | 2,728 |  | 621 |  |  | 750 |  | - |  | -
Current liabilities |  | 174 |  | 224 |  |  | 97 |  | - |  | -
Non-current liabilities |  | 70 |  | 74 |  |  | 157 |  | - |  | -
Related parties – Shareholders |  | - |  | 12,072 |  |  | 296 |  | - |  | -
Total liabilities |  | 244 |  | 12,370 |  |  | 550 |  | - |  | -
Equity (negative reserves) |  | 2,484 |  | (11,749) |  |  | 200 |  | - |  | -
Equity (negative reserves) attributable to noncontrolling interests |  | 1,383 |  | (587) |  |  | 60 |  | (21) |  | 834
Net income |  | 198 |  | 326 |  |  | 27 |  | - |  | -
Net income (loss) attributable to noncontrolling interests |  | 110 |  | (85) |  |  | 8 |  | (10) |  | 23
Dividends paid to noncontrolling interests |  | 18 |  | - |  |  | 12 |  | - |  | 30

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