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Investments in associates and joint ventures (Tables) | 12 Months Ended
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Dec. 31, 2023
Investments In Associates And Joint Ventures |
Schedule of investment in associated and joint ventures |
Schedule of investment in associated and joint ventures |  |  |  |  |  |  |  |  |
Associates and joint ventures | % ownership | December 31, 2022 | Additions and capitalizations | Equity results in income statement | Dividends declared | Translation adjustment | Transfer to assets held for sale | Other | December 31, 2023
Iron Ore Solutions |  |  |  |  |  |  |  |  |
Baovale Mineração S.A. | 50.00 | 24 | - | 3 | (2) | 2 | - | 1 | 28
Companhia Coreano-Brasileira de Pelotização | 50.00 | 80 | - | 17 | (30) | 6 | - | - | 73
Companhia Hispano-Brasileira de Pelotização | 50.89 | 48 | - | 16 | (18) | 3 | - | - | 49
Companhia Ítalo-Brasileira de Pelotização | 50.90 | 62 | - | 16 | (20) | 5 | - | - | 63
Companhia Nipo-Brasileira de Pelotização | 51.00 | 145 | - | 39 | (45) | 11 | - | - | 150
MRS Logística S.A. | 48.45 | 509 | - | 118 | (28) | 42 | - | (1) | 640
VLI S.A. | 29.60 | 428 | - | (108) | - | 25 | - | 1 | 346
Samarco Mineração S.A. (note 26) | 50.00 | - | - | - | - | - | - | - | -
|  | 1,296 | - | 101 | (143) | 94 | - | 1 | 1,349
Energy Transition Metals |  |  |  |  |  |  |  |  |
PT Kolaka Nickel Indonesia | 18.30 | - | - | - | - | - | (13) | 13 | -
|  | - | - | - | - | - | (13) | 13 | -
Others |  |  |  |  |  |  |  |  |
Aliança Geração de Energia S.A. | 55.00 | 340 | - | 48 | (60) | 28 | - | - | 356
Aliança Norte Energia Participações S.A. | 51.00 | 106 | - | (8) | - | 8 | - | - | 106
Other |  | 56 | 1 | 3 | - | 5 | - | (4) | 61
|  | 502 | 1 | 43 | (60) | 41 | - | (4) | 523
Equity results in associates and joint ventures |  | 1,798 | 1 | 144 | (203) | 135 | (13) | 10 | 1,872
Other results in associates and joint ventures (notes 16 and 26) (i) |  | - | - | (1,252) | - | - | - | - | -
Equity results and other results in associates and joint ventures |  | 1,798 | 1 | (1,108) | (203) | 135 | (13) | 10 | 1,872
(i) It mainly refers to the addition to the provision related to the Samarco dam failure (note 26) and other results related to investments disposals (note 16).
Summarized financial information about relevant associates and joint ventures |
Summarized financial information about relevant associates and joint ventures |  |  |  |  |
| December 31, 2023
| Aliança Geração de Energia | Aliança Norte Energia Participações | Pelletizing plants (i) | MRS Logística | VLI S.A.
Current assets | 120 | - | 374 | 954 | 935
Non-current assets | 1,064 | 210 | 420 | 2,779 | 3,309
Total assets | 1,184 | 210 | 794 | 3,733 | 4,244
Current liabilities | 171 | - | 133 | 704 | 933
Non-current liabilities | 365 | 2 | 1 | 1,709 | 2,143
Total liabilities | 536 | 2 | 134 | 2,413 | 3,076
Equity | 648 | 208 | 660 | 1,320 | 1,168
Net revenue | 230 | - | 194 | 1,291 | 1,682
Net income (loss) | 88 | (15) | 172 | 243 | (366)
| December 31, 2022
| Aliança Geração de Energia | Aliança Norte Energia Participações | CSP | Pelletizing plants (i) | MRS Logística | VLI S.A.
Current assets | 140 | - | 827 | 497 | 387 | 760
Non-current assets | 921 | 209 | 2,709 | 328 | 2,398 | 3,649
Total assets | 1,061 | 209 | 3,536 | 825 | 2,785 | 4,409
Current liabilities | 161 | - | 491 | 164 | 509 | 810
Non-current liabilities | 282 | 1 | 2,450 | 1 | 1,219 | 2,153
Total liabilities | 443 | 1 | 2,941 | 165 | 1,728 | 2,963
Equity | 618 | 208 | 595 | 660 | 1,057 | 1,446
Net revenue | 215 | - | 2,399 | 420 | 1,083 | 1,376
Net income (loss) | 57 | (13) | 387 | 272 | 169 | (29)
(i) | Aggregated entities: Companhia Coreano-Brasileira de Pelotização, Companhia Hispano-Brasileira de Pelotização, Companhia Ítalo-Brasileira de Pelotização, and Companhia Nipo-Brasileira de Pelotização.
Schedule of material consolidated entities in each business segment |
Schedule of material consolidated entities in each business segment |  |  |  |  |  |  |  |  |  |
|  | Location |  | Main activity/Business |  | % Ownership |  | % Voting capital |  | % Noncontrolling interest
Direct and indirect subsidiaries |  |  |  |  |  |  |  |  |  |
Companhia Portuária da Baía de Sepetiba |  | Brazil |  | Iron ore |  | 100.0% |  | 100.0% |  | 0.0%
Minerações Brasileiras Reunidas S.A. (“MBR”) |  | Brazil |  | Iron ore |  | 100.0% |  | 100.0% |  | 0.0%
Salobo Metais S.A. |  | Brazil |  | Copper |  | 100.0% |  | 100.0% |  | 0.0%
PT Vale Indonesia |  | Indonesia |  | Nickel |  | 44.3% |  | 44.3% |  | 55.7%
Vale Base Metals Limited |  | United Kingdom |  | Holding |  | 100.0% |  | 100.0% |  | 0.0%
Vale Holdings B.V. |  | Netherlands |  | Holding and research |  | 100.0% |  | 100.0% |  | 0.0%
Vale Canada Limited |  | Canada |  | Nickel |  | 100.0% |  | 100.0% |  | 0.0%
Vale International S.A. |  | Switzerland |  | Trading and holding |  | 100.0% |  | 100.0% |  | 0.0%
Vale Malaysia Minerals Sdn. Bhd. |  | Malaysia |  | Iron ore |  | 100.0% |  | 100.0% |  | 0.0%
Vale Oman Distribution Center LLC |  | Oman |  | Iron ore and pelletizing plant |  | 100.0% |  | 100.0% |  | 0.0%
Vale Oman Pelletizing Company LLC |  | Oman |  | Pelletizing plant |  | 100.0% |  | 100.0% |  | 0.0%
Summarized financial information of noncontrolling interest |
Summarized financial information of noncontrolling interest |  |  |
| December 31, 2023
| PTVI (note 16b) | Other | Total
Current assets | 885 | - | -
Non-current assets | 2,977 | - | -
Related parties – Shareholders | 83 | - | -
Total assets | 3,945 | - | -
Current liabilities | 221 | - | -
Non-current liabilities | 239 | - | -
Related parties – Shareholders | - | - | -
Total liabilities | 460 | - | -
Equity | 3,484 | - | -
Equity (negative reserves) attributable to noncontrolling interests | 1,599 | (79) | 1,520
Net income | 207 | - | -
Net income (loss) attributable to noncontrolling interests | 144 | (22) | 122
Dividends paid to noncontrolling interests | 33 | 8 | 41
| December 31, 2022
| PTVI | Vale Oman Pelletizing (note 16e) | Other | Total
Current assets | 853 | 84 | - | -
Non-current assets | 2,147 | 581 | - | -
Related parties – Shareholders | 113 | 81 | - | -
Total assets | 3,113 | 746 | - | -
Current liabilities | 183 | 96 | - | -
Non-current liabilities | 249 | 149 | - | -
Related parties – Shareholders | - | 297 | - | -
Total liabilities | 432 | 542 | - | -
Equity | 2,681 | 204 | - | -
Equity (negative reserves) attributable to noncontrolling interests | 1,492 | 61 | (62) | 1,491
Net income | 181 | 29 | - | -
Net income (loss) attributable to noncontrolling interests | 101 | 9 | (28) | 82
Dividends paid to noncontrolling interests | - | 12 | - | 12
| December 31, 2021
| PTVI | Vale Moçambique | Vale Oman Pelletizing | Other | Total
Current assets | 771 | 420 | 92 | - | -
Non-current assets | 1,875 | 195 | 633 | - | -
Related parties – Shareholders | 82 | 6 | 25 | - | -
Total assets | 2,728 | 621 | 750 | - | -
Current liabilities | 174 | 224 | 97 | - | -
Non-current liabilities | 70 | 74 | 157 | - | -
Related parties – Shareholders | - | 12,072 | 296 | - | -
Total liabilities | 244 | 12,370 | 550 | - | -
Equity (negative reserves) | 2,484 | (11,749) | 200 | - | -
Equity (negative reserves) attributable to noncontrolling interests | 1,383 | (587) | 60 | (21) | 834
Net income | 198 | 326 | 27 | - | -
Net income (loss) attributable to noncontrolling interests | 110 | (85) | 8 | (10) | 23
Dividends paid to noncontrolling interests | 18 | - | 12 | - | 30

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