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Equity (Tables) | 12 Months Ended
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Dec. 31, 2023
Disclosure Equity Abstract |
Schedule of share capital |
Schedule of share capital |  |  |  |
| December 31, 2023 |
Shareholders | Common shares | Golden shares | Total |
Previ | 395,314,056 | - | 395,314,056 |
Mitsui&co | 286,347,055 | - | 286,347,055 |
Blackrock, Inc | 264,763,034 | - | 264,763,034 |
Total shareholders with more than 5% of capital (i) | 946,424,145 | - | 946,424,145 |
Free floating | 3,353,430,143 | - | 3,353,430,143 |
Golden shares | - | 12 | 12 |
Total outstanding (without shares in treasury) | 4,299,854,288 | 12 | 4,299,854,300 |
Shares in treasury | 239,153,280 | - | 239,153,280 |
Total capital | 4,539,007,568 | 12 | 4,539,007,580 |
(i) The number of shares is based on communications sent by shareholders pursuant to Resolution 44 issued by the Brazilian Securities Exchange Commission (“CVM”).
Schedule of cancelation of treasury shares |
Schedule of cancelation of treasury shares |  |
| Number of canceled shares | Carrying amount
Cancelation approved on March 2, 2023 (i) | 239,881,683 | 4,164
Year ended December 31, 2023 | 239,881,683 | 4,164
Cancelation approved on February 24, 2022 (i) | 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
Schedule of share buyback program |
Schedule of share buyback program |  |  |  |  |  |  |
| Total of shares repurchased |  | Effect on cash flows
| Year ended December 31,
| 2023 |  | 2022 |  | 2023 |  | 2022
Shares buyback program up to 150,000,000 shares (i) |  |  |  |  |  |  |
Acquired by Parent | 1,500,000 |  | - |  | 22 |  | -
Acquired by wholly owned subsidiaries | 1,500,000 |  | - |  | 22 |  | -
Total | 3,000,000 |  | - |  | 44 |  | -
Shares buyback program up to 500,000,000 shares (ii) |  |  |  |  |  |  |
Acquired by Parent | 93,638,352 |  | 87,779,900 |  | 1,378 |  | 1,375
Acquired by wholly owned subsidiaries | 88,058,750 |  | 90,847,177 |  | 1,292 |  | 1,410
Total | 181,697,102 |  | 178,627,077 |  | 2,670 |  | 2,785
Shares buyback program up to 470,000,000 shares (iii) |  |  |  |  |  |  |
Acquired by Parent | - |  | 81,855,600 |  | - |  | 1,501
Acquired by wholly owned subsidiaries | - |  | 96,959,900 |  | - |  | 1,750
Total | - |  | 178,815,500 |  | - |  | 3,251
Shares buyback program | 184,697,102 |  | 357,442,577 |  | 2,714 |  | 6,036
(i) On October 26, 2023, a new share buyback program limited to a maximum of 150,000,000 common shares and their respective ADRs, over the next 18 months started from the end of the program previously on going. (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, with a term of 18 months. (iii) On April 1, 2021, the Board of Directors approved the common share buyback program, limited to a maximum of 270,000,000 common shares or their respective ADRs. In continuation of the previous program, the Board of Directors approved a new share repurchase program on October 28, 2021, with a limit of up to 200,000,000 common shares or their respective ADRs. Both programs ended in 2022.
Schedule of profit distribution |
Schedule of profit distribution |  |  |
| 2023 |  | 2022
Net income of the year | 7,983 |  | 18,788
Appropriation to legal reserve (i) | - |  | (276)
Appropriation to tax incentive reserve | (891) |  | (1,157)
Net income after appropriations to legal reserve and tax incentive reserve | 7,092 |  | 17,355
Minimum remuneration to shareholders (ii) | 2,042 |  | 4,386
Additional shareholders' remuneration |  |  |
from the net income for the year | 4,066 |  | 437
Total remuneration to shareholders | 6,108 |  | 4,823
Appropriation to statutory reserve | 984 |  | 8,821
Appropriation to retained earnings reserve | - |  | 3,711
(i) In 2022, the limit of 20% of the share capital for the constitution of the legal reserve was reached, in accordance with article 193 of Law 6,404 and article 39 of the Company's By-laws. (ii) Mandatory minimum remuneration was fully approved.
Schedule of profit reserves |
Schedule of profit reserves |  |  |  |  |  |  |  |  |  |  |  |
|  | Legal reserve |  | Tax incentive reserve |  | Statutory reserve |  | Retained earnings reserve |  | Additional remuneration reserve |  | Total of profit reserves
Balance as of 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)
Tranfer of reserves |  | - |  | 3 |  | (3) |  | - |  | - |  | -
Translation adjustment |  | 165 |  | 173 |  | 249 |  | (133) |  | 302 |  | 756
Balance as of December 31, 2022 |  | 2,964 |  | 4,416 |  | 9,349 |  | 3,578 |  | 437 |  | 20,744
Allocation of income |  | - |  | 891 |  | 984 |  | - |  | 2,364 |  | 4,239
Deliberated dividends and interest on capital of Vale's shareholders |  | - |  | - |  | - |  | - |  | (437) |  | (437)
Treasury shares cancellation |  | - |  | - |  | (4,164) |  | - |  | - |  | (4,164)
Translation adjustment |  | 230 |  | 383 |  | 604 |  | 278 |  | - |  | 1,495
Balance as of December 31, 2023 |  | 3,194 |  | 5,690 |  | 6,773 |  | 3,856 |  | 2,364 |  | 21,877

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