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Investments in subsidiaries, associates, and joint ventures (Tables)
 6 Months Ended
Jun. 30, 2023
Investments In Subsidiaries Associates And Joint Ventures  
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
 
  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