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Equity (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Equity |
Schedule of share capital |
Schedule of share capital |  |  |  |  |  |
|  | December 31, 2022
Shareholders |  | Common shares |  | Golden shares |  | Total
Shareholders with more than 5% of total capital |  | 1,616,023,334 |  | - |  | 1,616,023,334
The Capital Group Companies, Inc |  | 648,304,234 |  | - |  | 648,304,234
Previ |  | 409,087,156 |  | - |  | 409,087,156
Mitsui&co |  | 286,347,055 |  | - |  | 286,347,055
Blackrock, Inc |  | 272,284,889 |  | - |  | 272,284,889
Free floating |  | 2,867,055,366 |  | - |  | 2,867,055,366
Golden shares |  | - |  | 12 |  | 12
Total outstanding (without shares in treasury) |  | 4,483,078,700 |  | 12 |  | 4,483,078,712
Shares in treasury |  | 295,810,551 |  | - |  | 295,810,551
Total capital |  | 4,778,889,251 |  | 12 |  | 4,778,889,263
Schedule of cancellation of treasury shares |
Schedule of cancellation of treasury shares |  |  |  |
|  | Number of canceled shares |  | Carrying amount
Cancellation approved on February 24, 2022 |  | 133,418,347 |  | 2,830
Cancellation approved on July 28, 2022 |  | 220,150,800 |  | 3,786
Year ended December 31, 2022 |  | 353,569,147 |  | 6,616
Cancellation approved on September 16, 2021 |  | 152,016,372 |  | 2,401
Year ended December 31, 2021 |  | 152,016,372 |  | 2,401
Schedule of stockholders' remuneration |
Schedule of stockholders' remuneration |  |  |  |  |  |  |
| Total of shares repurchased |  | Effect on cash flows
| 2022 |  | 2021 |  | 2022 |  | 2021
Shares buyback program for 470,000,000 shares (i) |  |  |  |  |  |  |
Acquired by Parent | 81,855,600 |  | 139,018,347 |  | 1,501 |  | 3,008
Acquired by wholly owned subsidiaries | 96,959,900 |  | 152,166,153 |  | 1,750 |  | 2,538
| 178,815,500 |  | 291,184,500 |  | 3,251 |  | 5,546
Shares buyback program for 500,000,000 shares (ii) |  |  |  |  |  |  |
Acquired by Parent | 87,779,900 |  | - |  | 1,375 |  | -
Acquired by wholly owned subsidiaries | 90,847,177 |  | - |  | 1,410 |  | -
| 178,627,077 |  | - |  | 2,785 |  | -
Shares buyback program | 357,442,577 |  | 291,184,500 |  | 6,036 |  | 5,546
(i) | On April 1, 2021, the Board of Directors approved the common shares buyback program, limited to a maximum of 270,000,000 common shares or their respective ADRs. Continuing the previous program, the Board of Directors approved a new shares buyback program on October 28, 2021, with a limit of up to 200,000,000 common shares or their respective ADRs. Both programs were concluded in 2022.
(ii) | On April 27, 2022, the Board of Directors approved the common shares buyback program, limited to a maximum of 500,000,000 common shares or their respective ADRs.
Schedule of profit reserves |
Schedule of profit reserves |  |  |
| 2022 |  | 2021
Net income attributable to Vale's shareholders | 18,788 |  | 22,445
Appropriation to legal reserve | (276) |  | (1,123)
Appropriation to tax incentive reserve | (1,157) |  | (2,581)
Net income after appropriations to legal reserve and tax incentive reserve | 17,355 |  | 18,741
Reclassification of the fair value adjustment reserve (note 16l) | - |  | 522
Minimum mandatory remuneration | 4,386 |  | 4,542
Additional remuneration |  |  |
from statutory reserve | - |  | 1,476
from the net income for the year | 437 |  | 7,326
Total additional remuneration | 437 |  | 8,802
Total remuneration to shareholders | 4,823 |  | 13,344
Appropriation to statutory reserve | 8,821 |  | 7,395
Appropriation to retained earnings reserve | 3,711 |  | -
Schedule of profit reserves |
Schedule of profit reserves |  |  |  |  |  |  |  |  |  |  |  |
|  | Legal reserve |  | Tax incentive reserve |  | Statutory reserve |  | Retained earnings reserve |  | Additional remuneration reserve |  | Total of profit reserves
Balance as at December 31, 2020 |  | 1,542 |  | 659 |  | 1,854 |  | - |  | 2,987 |  | 7,042
Allocation of income |  | 1,123 |  | 2,581 |  | 7,395 |  | - |  | 3,500 |  | 14,599
Deliberated dividends and interest on capital of Vale's shareholders |  | - |  | - |  | (1,476) |  | - |  | (2,820) |  | (4,296)
Treasury shares cancellation |  | - |  | - |  | (2,401) |  | - |  | - |  | (2,401)
Translation adjustment |  | (142) |  | (157) |  | 1,526 |  | - |  | (469) |  | 758
Balance as at December 31, 2021 |  | 2,523 |  | 3,083 |  | 6,898 |  | - |  | 3,198 |  | 15,702
Allocation of income |  | 276 |  | 1,157 |  | 8,821 |  | 3,711 |  | 437 |  | 14,402
Deliberated dividends and interest on capital of Vale's shareholders |  | - |  | - |  | - |  | - |  | (3,500) |  | (3,500)
Treasury shares cancellation |  | - |  | - |  | (6,616) |  | - |  | - |  | (6,616)
Transfers of reserves |  | - |  | 3 |  | (3) |  | - |  | - |  | -
Translation adjustment |  | 165 |  | 173 |  | 249 |  | (133) |  | 302 |  | 756
Balance as at December 31, 2022 |  | 2,964 |  | 4,416 |  | 9,349 |  | 3,578 |  | 437 |  | 20,744

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