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Information by business segment and geographic area (Tables)
 12 Months Ended
Dec. 31, 2022
Information By Business Segment And Geographic Area  
Schedule of adjusted EBITDA
                                           
    Year ended December 31, 2022
    Iron ore   Iron ore pellets   Other ferrous products and services   Iron Solutions   Nickel and other products   Copper   Energy Transition Materials   Other (i)   Total of continuing operations   Coal (note 16a)   Total
Net operating revenue   28,188   6,256   472   34,916   6,619   1,779   8,398   525   43,839   448   44,287
Cost of goods sold and services rendered   (11,929)   (2,682)   (335)   (14,946)   (4,541)   (1,049)   (5,590)   (443)   (20,979)   (264)   (21,243)
Sales, administrative and other operating expenses   (54)   (1)   4   (51)   (38)   (21)   (59)   (2,086)   (2,196)   (12)   (2,208)
Research and development   (208)   (4)   (3)   (215)   (115)   (127)   (242)   (203)   (660)   (1)   (661)
Pre operating and operational stoppage   (342)   (21)   (18)   (381)   (1)   (13)   (14)   (3)   (398)   -   (398)
Dividends received and interest from associates and joint ventures   15   105   -    120   -   -   -   34   154   -   154
Adjusted EBITDA   15,670   3,653   120   19,443   1,924   569   2,493   (2,176)   19,760   171   19,931
                                             
Depreciation, depletion and amortization   (1,345)   (447)   (98)   (1,890)   (908)   (329)   (1,237)   (44)   (3,171)   -   (3,171)
Equity results and other results in associates and joint ventures   (32)   138   (9)   97   289   -   289   (81)   305   -   305
Dividends received and interest from associates and joint ventures   (15)   (105)   -   (120)   -   -   -   (34)   (154)   -   (154)
Impairment reversal (impairment and disposals) of non-current assets, net   (151)   (14)   (13)   (178)   (18)   (15)   (33)   984   773   (589)   184
 Adjusted EBITDA   14,127   3,225   -   17,352   1,287   225   1,512   (1,351)   17,513   (418)   17,095
Unallocated items:                                            
  Financial results                                   2,268   3,065   5,333
  Income taxes                                   (2,971)   (2)   (2,973)
Derecognition of noncontrolling interest                                   -   (585)   (585)
Net income                                   16,810   2,060   18,870
Net income attributable to noncontrolling interests                                   82   -   82
Net income attributable to Vale's shareholders                                   16,728   2,060   18,788
                                             

 

(i) Includes the reclassification of the EBITDA of Midwestern System in the amount of US$77.

                                             
    Year ended December 31, 2021
    Iron ore   Iron ore pellets   Other ferrous products and services   Iron Solutions   Nickel and other products   Copper   Energy Transition Materials   Other (i)   Total of continuing operations   Coal (Note 16a)   Total
Net operating revenue   38,324   7,053   548   45,925   5,377   2,589   7,966   611   54,502   1,083   55,585
Cost of goods sold and services rendered   (11,199)   (2,231)   (400)   (13,830)   (3,606)   (878)   (4,484)   (558)   (18,872)   (1,317)   (20,189)
Sales, administrative and other operating expenses   (137)   30   9   (98)   (5)   (9)   (14)   (3,303)   (3,415)   (26)   (3,441)
Research and development   (198)   (3)   (4)   (205)   (77)   (81)   (158)   (185)   (548)   (7)   (555)
Pre operating and operational stoppage   (329)   (47)   (17)   (393)   (113)   (4)   (117)   (4)   (514)   -   (514)
Dividends received and interest from associates and joint ventures   10   71   -   81   -   -   -   109   190   78   268
Adjusted EBITDA   26,471   4,873   136   31,480   1,576   1,617   3,193   (3,330)   31,343   (189)   31,154
                                             
Depreciation, depletion and amortization   (1,255)   (388)   (107)   (1,750)   (841)   (372)   (1,213)   (71)   (3,034)   (69)   (3,103)
Equity results and other results in associates and joint ventures   (1,642)   123   (40)   (1,559)   1   -   1   287   (1,271)   (26)   (1,297)
Dividends received and interest from associates and joint ventures   (10)   (71)   -   (81)   -   -   -   (109)   (190)   (78)   (268)
Impairment and disposals of non-current assets, net   (92)   (7)   (35)   (134)   (27)   (20)   (47)   (245)   (426)   (3,282)   (3,708)
Adjusted EBITDA   23,472   4,530   (46)   27,956   709   1,225   1,934   (3,468)   26,422   (3,644)   22,778
Unallocated items:                                            
  Financial results                                   3,119   447   3,566
  Income taxes                                   (4,697)   821   (3,876)
Net income (loss)                                   24,844   (2,376)   22,468
Net income (loss) attributable to noncontrolling interests                                   108   (85)   23
Net income (loss) attributable to Vale’s shareholders                                   24,736   (2,291)   22,445
                                             

(i) Includes the reclassification of the EBITDA of Midwestern System in the amount of US$109.

                                             
    Year ended December 31, 2020
    Iron ore   Iron ore pellets   Other ferrous products and services   Iron Solutions   Nickel and other products   Copper   Energy Transition Materials   Other (i)   Total of continuing operations   Coal (note 16a)   Total
Net operating revenue   27,123   4,242   551   31,916   4,652   2,175   6,827   802   39,545   473   40,018
Cost of goods sold and services rendered   (8,025)   (1,661)   (433)   (10,119)   (2,734)   (794)   (3528)   (956)   (14,603)   (1,456)   (16,059)
Sales, administrative and other operating expenses   (192)   11   3   (178)   (21)   (7)   (28)   (6,293)   (6,499)   (15)   (6,514)
Research and development   (127)   (5)   (4)   (136)   (42)   (68)   (110)   (169)   (415)   (28)   (443)
Pre operating and operational stoppage   (532)   (77)   (29)   (638)   (29)   (1)   (30)   (14)   (682)   -   (682)
Dividends received and interest from associates and joint ventures   23   116   2   141   -   -   -   32   173   95   268
Adjusted EBITDA   18,270   2,626   90   20,986   1,826   1,305   3,131   (6,598)   17,519   (931)   16,588
                                             
Depreciation, depletion and amortization   (1,277)   (388)   (101)   (1,766)   (921)   (430)   (1,351)   (98)   (3,215)   (19)   (3,234)
Equity results and other results in associates and joint ventures   (1,033)   37   (22)   (1,018)   -   -   -   (2)   (1,020)   (43)   (1,063)
Dividends received and interest from associates and joint ventures   (23)   (116)   (2)   (141)   -   -   -   (32)   (173)   (95)   (268)
Impairment and disposals of non-current assets, net   (76)   -   (79)   (155)   (133)   (14)   (147)   (1,006)   (1308)   (935)   (2,243)
    15,861   2,159   (114)   17,906   772   861   1,633   (7,736)   11,803   (2,023)   9,780
Unallocated items:               -                            
  Financial results                                   (4,813)   2   (4,811)
  Income taxes                                   (735)   297   (438)
Net income (loss)                                   6,255   (1,724)   4,531
Loss attributable to noncontrolling interests                                   (3)   (347)   (350)
Net income (loss) attributable to Vale's shareholders                                   6,258   (1,377)   4,881
                                             

 

(i) Includes the reclassification of the EBITDA of Midwestern System in the amount of US$19.
Asset by segment
                               
    December 31, 2022   December 31, 2021
    Iron Solutions   Energy Transition Materials   Other (ii)   Total   Iron Solutions   Energy Transition Materials   Other (ii)   Total

Investments in

associates and

joint ventures

   1,296   -   502   1,798   1,113   17   621   1,751
Property, plant and equipment and intangibles   33,048   19,655   2,473   55,176   28,988   20,127   1,827   50,942
                                 
Capital expenditures                                
Sustaining capital (i)   2,236   1,521   102   3,859   2,481   1,518   35   4,034

Project

execution

   866   338   383   1,587   531   344   124   999
 Product inventory   3,102   1,859   485   5,446   3,012   1,862   159   5,033

 

 

(i) According to the Company's shareholder remuneration policy, dividends are calculated based on 30% of the adjusted EBITDA less sustaining capital investments. The calculation also considered the investments made on the coal operation (discontinued operation, note 16a), which was US$38 for the year ended December 31, 2022 (2021: US$194).
(ii) The sustaining capital investments related to the Midwestern System were reclassified from “Iron Solutions” to “Other” for the year ended December 31, 2022 in the amount of US$5 (2021: US$15).

 
Assets by geographic area
                               
    December 31, 2022   December 31, 2021
    Investments in associates and joint ventures   Intangible   Property, plant and equipment   Total   Investments in associates and joint ventures   Intangible   Property, plant and equipment   Total
Brazil   1,798   8,391   28,210   38,399   1,730   7,050   23,793   32,573
Canada   -   1,845   11,178   13,023   -   1,958   12,441   14,399
Americas, except Brazil and Canada   -   -   4   4   -   -   3   3
Europe   -   -   747   747   -   -   739   739
Indonesia   -   1   2,731   2,732   -   1   2,723   2,724
Asia, except Indonesia and China   -   -   786   786   21   -   874   895
China   -   1   19   20   -   2   21   23
Oman   -   -   1,263   1,263   -   -   1,337   1,337
Total   1,798   10,238   44,938   56,974   1,751   9,011   41,931   52,693
Net operating revenue by shipment destination
               
    Year ended December 31, 2022
    Iron Solutions (i)   Energy Transition Materials   Other (ii)   Total
Americas, except United States and Brazil   477   597   125   1,199
United States of America   218   1,425   -   1,643
Germany   373   1,148   -   1,521
Europe, except Germany   1,713   2,123   -   3,836
Middle East, Africa, and Oceania   2,594   27   25   2,646
Japan   2,765   770   -   3,535
China   20,593   1,610   -   22,203
Asia, except Japan and China   2,434   638   47   3,119
Brazil   3,749   60   328   4,137
Net operating revenue   34,916   8,398   525   43,839

 

 

 

   Year ended December 31, 2021
    Iron Solutions   Energy Transition Materials   Other (ii)   Total
Americas, except United States and Brazil   759   402   122   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   4,620   55   489   5,164
Net operating revenue   45,925   7,966   611   54,502

 

 

    Year ended December 31, 2020
    Iron Solutions   Energy Transition Materials   Other (ii)   Total
Americas, except United States and Brazil   271   83   406   760
United States of America   244   797   -   1,041
Germany   326   1,169   31   1,526
Europe, except Germany   1,202   2,356   12   3,570
Middle East, Africa, and Oceania   1,418   17   -   1,435
Japan   1,793   400   -   2,193
China   22,169   922   33   23,124
Asia, except Japan and China   2,068   931   -   2,999
Brazil   2,425   152   320   2,897
Net operating revenue   31,916   6,827   802   39,545

 

(i) In 2022, the revenue from Iron Solutions decreased from prior year, among other factors, due to the decline of 23.5% in the average realized price of iron ore, following the decrease in the international price of this product.
(ii) Includes the reclassification of the revenues of Midwestern System in the amount of US$231, for the year ended December 31, 2022 (2021: US$377 and 2020: US$162).