XML 101 R92.htm IDEA: XBRL DOCUMENT v3.23.1
Equity (Tables)
 12 Months Ended
Dec. 31, 2022
Equity  
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
       
    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
             
  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
     
  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
                       
    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