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Investments in subsidiaries, associates, and joint ventures (Tables) | 6 Months Ended
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Jun. 30, 2023
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 | Dividends received
|  |  |  |  | Three-month period ended June 30, | Six-month period ended June 30, | Three-month period ended June 30, | Six-month period ended June 30,
Associates and joint ventures | Notes | % ownership | % voting capital | June 30, 2023 | December 31, 2022 | 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | 2023 | 2022
Iron Solutions |  |  |  |  |  |  |  |  |  |  |  |  |
Baovale Mineração S.A. |  | 50.00 | 50.00 | 28 | 24 | - | - | 1 | 1 | - | - | - | -
Companhia Coreano-Brasileira de Pelotização |  | 50.00 | 50.00 | 69 | 80 | 5 | 10 | 9 | 22 | 14 | 10 | 14 | 10
Companhia Hispano-Brasileira de Pelotização |  | 50.89 | 50.00 | 42 | 48 | 1 | - | 4 | - | 19 | 1 | 19 | 1
Companhia Ítalo-Brasileira de Pelotização |  | 50.90 | 50.00 | 58 | 62 | 3 | 12 | 7 | 13 | 23 | 19 | 23 | 19
Companhia Nipo-Brasileira de Pelotização |  | 51.00 | 50.00 | 147 | 145 | 8 | 12 | 15 | 22 | 33 | 41 | 33 | 41
MRS Logística S.A. |  | 48.16 | 47.09 | 599 | 509 | 41 | 20 | 47 | 30 | - | - | - | -
Samarco Mineração S.A. | 23 | 50.00 | 50.00 | - | - | - | - | - | - | - | - | - | -
VLI S.A. |  | 29.60 | 29.60 | 366 | 428 | 31 | (2) | (90) | (20) | - | - | - | -
|  |  |  | 1,309 | 1,296 | 89 | 52 | (7) | 68 | 89 | 71 | 89 | 71
Energy Transition Metals |  |  |  |  |  |  |  |  |  |  |  |  |
Korea Nickel Corp. (i) |  | - | - | - | - | - | 1 | - | 3 | - | - | - | -
PT Kolaka Nickel Indonesia |  | 20.00 | 20.00 | 12 | - | - | - | - | - | - | - | - | -
|  |  |  | 12 | - | - | 1 | - | 3 | - | - | - | -
Others |  |  |  |  |  |  |  |  |  |  |  |  |
Aliança Geração de Energia S.A. |  | 55.00 | 55.00 | 408 | 340 | 9 | 8 | 18 | 16 | 16 | - | 16 | -
Aliança Norte Energia Participações S.A. |  | 51.00 | 51.00 | 112 | 106 | (2) | (1) | (3) | (3) | - | - | - | -
California Steel Industries, Inc. | 15(e) | - | - | - | - | - | - | - | - | - | - | - | 65
Other |  |  |  | 60 | 56 | 2 | 1 | 2 | 3 | - | - | - | -
|  |  |  | 580 | 502 | 9 | 8 | 17 | 16 | 16 | - | 16 | 65
Equity results in associates and joint ventures |  |  |  | 1,901 | 1,798 | 98 | 61 | 10 | 87 | 105 | 71 | 105 | 136
Other results in associates and joint ventures | 15 |  |  | - | - | (93) | (117) | (60) | 68 | - | - | - | -
Equity results and other results in associates and joint ventures |  |  |  | 1,901 | 1,798 | 5 | (56) | (50) | 155 | 105 | 71 | 105 | 136
(I) | In September 2022, Vale completed the sale of its 25% stake in Korea Nickel Corp to Posco. for US$16.
Schedule of changes in investments in associates and joint ventures |
Schedule of changes in investments in associates and joint ventures |
| 2023 | 2022
Balance at January 1, | 1,798 | 1,751
Additions and capitalizations | 1 | -
Equity results and other results in associates and joint ventures | 10 | 87
Dividends declared | (60) | (48)
Translation adjustment | 142 | 111
Other | 10 | (110)
Balance at June 30, | 1,901 | 1,791

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