XML 48 R40.htm IDEA: XBRL DOCUMENT
v3.23.3

Information by business segment and geographic area (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Information By Business Segment And Geographic Area |
Schedule of adjusted EBITDA |
Schedule of adjusted EBITDA |  |  |  |  |
|  | Three-month period ended June 30, | Six-month period ended June 30,
| Notes | 2023 | 2022 | 2023 | 2022
Iron ore |  | 3,087 | 3,975 | 5,725 | 8,909
Iron ore pellets |  | 818 | 1,140 | 1,485 | 1,977
Other ferrous products and services |  | 36 | 32 | 51 | 63
Iron solutions |  | 3,941 | 5,147 | 7,261 | 10,949
Nickel |  | 240 | 580 | 593 | 1,105
Copper |  | 236 | 23 | 456 | 249
Energy Transition Metals |  | 476 | 603 | 1,049 | 1,354
Other |  | (543) | (496) | (860) | (835)
Adjusted EBITDA from continuing operations |  | 3,874 | 5,254 | 7,450 | 11,468
Depreciation, depletion and amortization | 4(c) | (779) | (810) | (1,435) | (1,496)
Impairment reversal (impairment) and results on disposal of non-current assets, net and other (i) | 15 and 17 | (118) | (82) | (157) | 990
Dividends received and interest from associates and joint ventures | 14 | (105) | (71) | (105) | (71)
Operating income |  | 2,872 | 4,291 | 5,753 | 10,891
Equity results and other results in associates and joint ventures | 14 | 5 | (56) | (50) | 155
Financial results | 6 | (157) | 821 | (687) | 579
Income taxes | 7 | (1,792) | (911) | (2,210) | (3,002)
Net income from continuing operations |  | 928 | 4,145 | 2,806 | 8,623
(i) Includes adjustments of US$52 and US$87 in the three and six-month periods ended June 30, 2023, respectively, to reflect the performance of the streaming transactions at market prices.
|  | Three-month period ended June 30, | Six-month period ended June 30,
| Notes | 2023 | 2022 | 2023 | 2022
Adjusted EBITDA from discontinued operations |  | - | - | - | 171
Impairment and results on disposals of non-current assets, net |  | - | (429) | - | (589)
Operating loss | 15(f) | - | (429) | - | (418)
Financial results |  | - | 3,072 | - | 3,065
Derecognition of noncontrolling interest |  | - | (585) | - | (585)
Income taxes |  | - | - | - | (2)
Net income from discontinued operations | 15(f) | - | 2,058 | - | 2,060
Net operating revenue by shipment destination |
Net operating revenue by shipment destination |
| Three-month period ended June 30, 2023
| Iron Solutions | Energy Transition Metals |  |
| Iron ore | Iron ore pellets | Other ferrous products and services | Nickel and other products | Copper | Other | Total
Americas, except United States and Brazil | - | 102 | - | 123 | 2 | - | 227
United States of America | - | 97 | - | 334 | - | - | 431
Germany | 47 | - | 1 | 123 | 123 | - | 294
Europe, except Germany | 321 | 119 | - | 181 | 312 | - | 933
Middle East, Africa, and Oceania | - | 507 | - | 9 | - | - | 516
Japan | 623 | 54 | - | 147 | - | - | 824
China | 4,364 | 2 | - | 217 | 55 | - | 4,638
Asia, except Japan and China | 519 | 67 | 3 | 227 | - | - | 816
Brazil | 361 | 465 | 124 | 18 | - | 26 | 994
Net operating revenue | 6,235 | 1,413 | 128 | 1,379 | 492 | 26 | 9,673
| Three-month period ended June 30, 2022
| Iron Solutions | Energy Transition Metals |  |
| Iron ore | Iron ore pellets | Other ferrous products and services | Nickel and other products | Copper | Other | Total
Americas, except United States and Brazil | - | 131 | 5 | 111 | - | 76 | 323
United States of America | - | 47 | - | 427 | - | - | 474
Germany | 92 | - | - | 140 | 83 | - | 315
Europe, except Germany | 517 | 89 | - | 289 | 216 | - | 1,111
Middle East, Africa, and Oceania | - | 656 | - | 6 | - | 26 | 688
Japan | 718 | 94 | - | 199 | 3 | - | 1,014
China | 4,868 | 33 | 1 | 200 | - | - | 5,102
Asia, except Japan and China | 523 | 151 | 3 | 158 | 26 | 47 | 908
Brazil | 395 | 579 | 123 | 17 | - | 108 | 1,222
Net operating revenue | 7,113 | 1,780 | 132 | 1,547 | 328 | 257 | 11,157
| Six-month period ended June 30, 2023
| Iron Solutions | Energy Transition Metals |  |
| Iron ore | Iron ore pellets | Other ferrous products and services | Nickel and other products | Copper | Other | Total
Americas, except United States and Brazil | 1 | 248 | - | 266 | 2 | - | 517
United States of America | - | 183 | - | 759 | - | - | 942
Germany | 138 | 33 | 1 | 297 | 253 | - | 722
Europe, except Germany | 693 | 258 | - | 543 | 574 | - | 2,068
Middle East, Africa, and Oceania | - | 923 | - | 18 | - | - | 941
Japan | 1,102 | 106 | - | 305 | - | - | 1,513
China | 7,639 | 2 | - | 295 | 109 | - | 8,045
Asia, except Japan and China | 922 | 108 | 5 | 367 | 44 | - | 1,446
Brazil | 722 | 874 | 229 | 37 | - | 51 | 1,913
Net operating revenue | 11,217 | 2,735 | 235 | 2,887 | 982 | 51 | 18,107
| Six-month period ended June 30, 2022
| Iron Solutions | Energy Transition Metals |  |
| Iron ore | Iron ore pellets | Other ferrous products and services | Nickel and other products | Copper | Other | Total
Americas, except United States and Brazil | - | 261 | 5 | 277 | - | 125 | 668
United States of America | - | 74 | - | 713 | - | - | 787
Germany | 221 | - | - | 311 | 291 | - | 823
Europe, except Germany | 978 | 164 | - | 504 | 419 | - | 2,065
Middle East, Africa, and Oceania | - | 1,150 | - | 9 | - | 26 | 1,185
Japan | 1,334 | 148 | - | 388 | 5 | - | 1,875
China | 9,952 | 41 | 8 | 490 | - | - | 10,491
Asia, except Japan and China | 1,129 | 174 | 7 | 281 | 87 | 47 | 1,725
Brazil | 754 | 1,132 | 227 | 32 | - | 205 | 2,350
Net operating revenue | 14,368 | 3,144 | 247 | 3,005 | 802 | 403 | 21,969
Assets by segment |
Assets by segment |  |  |  |  |  |  |  |
| June 30, 2023 | December 31, 2022
| Iron Solutions | Energy Transition Metals | Other | Total | Iron Solutions | Energy Transition Metals | Other | Total
Investments in associates and joint ventures | 1,310 | 12 | 579 | 1,901 | 1,296 | - | 502 | 1,798
Intangibles | 9,054 | 1,886 | 61 | 11,001 | 8,330 | 1,847 | 61 | 10,238
Property, plant and equipment | 27,331 | 18,577 | 2,758 | 48,666 | 24,718 | 17,808 | 2,412 | 44,938
Assets by segment |  |  |  |  |  |  |  |
| Three-month period ended June 30,
| 2023 | 2022
| Iron Solutions | Energy Transition Metals | Other | Total | Iron Solutions | Energy Transition Metals | Other | Total
Depreciation, depletion and amortization | 502 | 262 | 15 | 779 | 497 | 299 | 14 | 810
Capital expenditures |  |  |  |  |  |  |  |
Sustaining capital (i) | 472 | 326 | 34 | 832 | 477 | 343 | 24 | 844
Project execution | 255 | 95 | 26 | 376 | 199 | 90 | 160 | 449
Product inventory | 727 | 421 | 60 | 1,208 | 676 | 433 | 184 | 1,293
| Six-month period ended June 30,
| 2023 | 2022
| Iron Solutions | Energy Transition Metals | Other | Total | Iron Solutions | Energy Transition Metals | Other | Total
Depreciation, depletion and amortization | 905 | 503 | 27 | 1,435 | 913 | 555 | 28 | 1,496
Capital expenditures |  |  |  |  |  |  |  |
Sustaining capital (i) | 984 | 589 | 63 | 1,636 | 976 | 613 | 54 | 1,643
Project execution | 491 | 167 | 44 | 702 | 381 | 157 | 248 | 786
Product inventory | 1,475 | 756 | 107 | 2,338 | 1,357 | 770 | 302 | 2,429
(i) | According to the Company's shareholder remuneration policy, dividends are calculated based on 30% of the adjusted EBITDA less sustaining capital investments.
Assets by geographic area |
Assets by geographic area |  |
| June 30, 2023 | December 31, 2022
| 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 | 1,889 | 9,119 | 31,653 | 42,661 | 1,798 | 8,391 | 28,210 | 38,399
Canada | - | 1,880 | 11,526 | 13,406 | - | 1,845 | 11,178 | 13,023
Americas, except Brazil and Canada | - | - | 4 | 4 | - | - | 4 | 4
Europe | - | - | 722 | 722 | - | - | 747 | 747
Indonesia | 12 | 1 | 2,759 | 2,772 | - | 1 | 2,731 | 2,732
Asia, except Indonesia and China | - | - | 760 | 760 | - | - | 786 | 786
China | - | 1 | 16 | 17 | - | 1 | 19 | 20
Oman | - | - | 1,226 | 1,226 | - | - | 1,263 | 1,263
Total | 1,901 | 11,001 | 48,666 | 61,568 | 1,798 | 10,238 | 44,938 | 56,974

X
- Definition The disclosure of geographical information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2023-01-01 -Paragraph 33 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2023-en-r&anchor=para_33&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfGeographicalAreasExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of operating segments. [Refer: Operating segments [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2023-01-01 -Paragraph 23 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2023-en-r&anchor=para_23&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfOperatingSegmentsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | vale_DisclosureInformationByBusinessSegmentAndGeographicAreaAbstract
Namespace Prefix: | vale_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | vale_ScheduleOfAssetsBySegmentTableTextBlock
Namespace Prefix: | vale_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | vale_ScheduleOfNetOperatingRevenueByShipmentDestinationExplanatory
Namespace Prefix: | vale_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration