<SEC-DOCUMENT>0001292814-24-000478.txt : 20240222
<SEC-HEADER>0001292814-24-000478.hdr.sgml : 20240222
<ACCEPTANCE-DATETIME>20240222091058
ACCESSION NUMBER:		0001292814-24-000478
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20240331
FILED AS OF DATE:		20240222
DATE AS OF CHANGE:		20240222

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Vale S.A.
		CENTRAL INDEX KEY:			0000917851
		STANDARD INDUSTRIAL CLASSIFICATION:	METAL MINING [1000]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15030
		FILM NUMBER:		24662506

	BUSINESS ADDRESS:	
		STREET 1:		PRAIA DE BOTAFOGO, 186
		CITY:			RIO DE JANEIRO
		STATE:			D5
		ZIP:			22250-145
		BUSINESS PHONE:		55 21 3485-3900

	MAIL ADDRESS:	
		STREET 1:		PRAIA DE BOTAFOGO, 186
		CITY:			RIO DE JANEIRO
		STATE:			D5
		ZIP:			22250-145

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Companhia Vale do Rio Doce
		DATE OF NAME CHANGE:	20051108

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VALLEY OF THE RIO DOCE CO
		DATE OF NAME CHANGE:	20020129

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VALLEY OF THE DOCE RIVER CO
		DATE OF NAME CHANGE:	19950602
</SEC-HEADER>
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<TYPE>6-K
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<FILENAME>vale20240222_6k1.htm
<DESCRIPTION>FORM 6-K
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">United States</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Securities and Exchange Commission</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Washington, D.C. 20549</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">FORM 6-K</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Report of Foreign Private Issuer</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Pursuant to Rule 13a-16 or 15d-16</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">of the</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Securities Exchange Act of 1934</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">For the month of</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"> February 2024</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Vale S.A.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Praia de Botafogo n&ordm; 186, 18&ordm; andar,
Botafogo<BR>
22250-145 Rio de Janeiro, RJ, Brazil</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Address of principal executive office)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">(Indicate by check mark whether the registrant files
or will file annual reports under cover of Form 20-F or Form 40-F.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">(Check One)
Form 20-F <FONT STYLE="font-family: Wingdings">&#120;</FONT> Form 40-F <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 31.7pt">&nbsp;</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 50%"><P STYLE="font: 26pt Vale Sans Extralight,sans-serif; margin: 0; color: #555555">Press Release</P></TD><TD STYLE="text-align: right; width: 50%"><IMG SRC="vale202402226k1_001.jpg" ALT="">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="margin: 0pt"></P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;<B>&nbsp;</B>&nbsp;</P>

<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="margin: 0; font: 16pt Vale Sans,sans-serif; color: #007E7A">Vale signs partnership with Anglo American in Minas-Rio</P>

<P STYLE="font: 16pt Arial, Helvetica, Sans-Serif; margin: 0; color: #007E7A"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #555555">Rio de Janeiro, February 22<SUP>nd</SUP>, 2024
&ndash; Vale S.A. (&ldquo;Vale&rdquo;) has entered into an agreement with Anglo American plc (&ldquo;Anglo American&rdquo;) to acquire
a 15% ownership interest and establish a partnership encompassing Anglo American Min&eacute;rio de Ferro Brasil S.A., a company that currently
owns the Minas-Rio complex (&ldquo;Minas-Rio&rdquo;) and Vale&rsquo;s Serra da Serpentina (&ldquo;Serpentina&rdquo;) resources, in Brazil.
Anglo American will continue to control, manage and operate Minas-Rio, including any future expansions.</P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #555555">&nbsp;</P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #555555">Vale's CEO, Eduardo Bartolomeo, said: &ldquo;We
are pleased to partner with Anglo American to support the growing demand for high quality iron ore as our clients accelerate their transition
to low carbon emissions steelmaking. Minas-Rio is a Tier-1 asset that will benefit from great synergies with Serpentina&rsquo;s deposit
and Vale&rsquo;s logistics and we are confident this partnership will unlock significant value to all of our stakeholders. We plan on
allocating our share of the high-quality pellet feed to our pellet plants in Brazil and in the future to the Mega Hubs producing iron
ore briquettes.&rdquo;</P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #555555">&nbsp;</P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #555555">Duncan Wanblad, Chief Executive of Anglo American,
said: &ldquo;The opportunity to partner with Vale to secure a high-grade iron ore resource of this scale and quality, right next door
to Minas-Rio, is compelling &ndash; particularly given all the physical synergies of our mining and processing infrastructure to create
a single optimized operation, combined with the option to access Vale&rsquo;s rail and port logistics. The sheer scale and quality of
the Serpentina orebody offers significant value, including through the scope to expand the production of the premium grade pellet feed
products we sell to steelmaking customers as they focus on decarbonizing their own processes for decades to come. The Minas-Rio DRI-grade
product sells into one of the most attractive growth segments available in our industry today.&rdquo;</P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #555555">&nbsp;</P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #555555"><B>About the transaction</B></P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #555555">&nbsp;</P>

<P STYLE="color: #555555; font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify">Under the terms agreed, Vale will contribute
with (i) Serpentina high-grade iron ore resources and (ii) a supplemental cash disbursement of US$ 157.5 million, subject to net debt
and working capital variation adjustments at the closing date. If the average benchmark iron ore price<FONT STYLE="font-size: 10pt"><SUP>[1]</SUP></FONT>
remains above US$ 100/t or below US$ 80/t for four years, a purchase price adjustment payment will be made to Anglo American or Vale,
respectively, in line with an agreed formula and up to certain limits. The completion of the transaction is subject to customary corporate
and regulatory approvals. The transaction is expected to be completed in 4Q24.</P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #555555">&nbsp;</P>

<P STYLE="color: #555555; font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify">Following completion of the transaction, Vale
will receive its pro-rata share of Minas-Rio production. Additionally, Vale will also have an option to acquire an additional 15% shareholding
in the enlarged Minas-Rio for cash if and when certain events relating to a future expansion of Minas-Rio occur, including the receipt
of the environmental license<FONT STYLE="font-size: 10pt"><SUP>[2]</SUP></FONT> for the expansion following the completion of a pre-feasibility
study (PFS) and feasibility study (FS)<FONT STYLE="font-size: 10pt"><SUP>[3]</SUP></FONT>, at fair value calculated at the time of exercise
of the option.</P>

<P STYLE="color: #555555; font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #555555"><B>About Minas-Rio and Serpentina assets</B></P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #555555"><B>&nbsp;</B></P>

<P STYLE="color: #555555; font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify">Minas-Rio is an integrated iron ore operation
with a nameplate capacity of 26.5 Mtpy of high-grade pellet feed, with potential to expand to up to 31 Mtpy in its current configuration.
The operation comprises mine, plant, geotechnical, and supporting structures in Minas Gerais
and a 529 km pipeline connecting the plant to the filtering plant at the A&ccedil;u Port in Rio de Janeiro Minas-Rio produced 24 Mt of
iron ore in 2023, with a total EBITDA of US$ 1.4 billion.</P>

<P STYLE="font: 10pt Vale Sans,sans-serif; color: #555555; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; color: #555555; text-align: justify"></P>

<HR COLOR="Black" ALIGN="LEFT" NOSHADE SIZE="1" STYLE="width: 25%; margin-top: 3pt; margin-bottom: 3pt">
<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; color: #555555; text-align: justify">&nbsp;</P>

<P STYLE="font: 7pt Vale Sans,sans-serif; margin: 0; color: #555555"><SUP>[1]</SUP> IODEX 62%Fe CIF China.</P>

<P STYLE="font: 7pt Vale Sans,sans-serif; margin: 0; color: #555555"><SUP>[2]</SUP> Preliminary license (LP &ndash; Licen&ccedil;a Pr&eacute;via).</P>

<P STYLE="font: 7pt Vale Sans,sans-serif; margin: 0; color: #555555"><SUP>[3]</SUP> The pre-feasibility study must be completed within
36 months of the Transaction completing. Providing the PFS meets an agreed IRR hurdle rate, a feasibility study must be completed within
a further 24 months. If the FS meets an agreed IR hurdle rate, then the preliminary environmental license for the expansion of Minas-Rio
must be applied for.</P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"></P>

<P STYLE="color: #555555; font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #555555; font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify">The Serra da Serpentina deposit is contiguous
to the Minas-Rio complex, with resources estimated at 4.3 billion tonnes. The combination of the two resources offers considerable expansion
opportunities, including the potential to double production, which Anglo American and Vale will assess under the transaction&rsquo;s terms.</P>

<P STYLE="color: #555555; font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="color: #555555; font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify">The enlarged Minas-Rio will have the option
to utilize Vale&rsquo;s nearby rail line and Tubar&atilde;o port to transport expanded output as an alternative to constructing a second
pipeline to Anglo American&rsquo;s current port facility at A&ccedil;u. All viable logistics solutions will be considered and evaluated
during pre-feasibility. The existing Minas-Rio pipeline crosses the Vale rail network downstream from Minas-Rio, enabling a far shorter
second pipeline to connect with the Vit&oacute;ria-Minas Railway to the Tubar&atilde;o port. The transaction does not include or affect
Anglo American&rsquo;s 50% interest in the iron ore export facility at the port of A&ccedil;u.</P>

<P STYLE="color: #555555; font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: #555555">&nbsp;</P>

<P STYLE="font: 10pt/115% Vale Sans,sans-serif; margin: 0; text-align: center; color: #555555">Gustavo Duarte Pimenta</P>

<P STYLE="font: 10pt/150% Vale Sans,sans-serif; margin: 0; text-align: center; color: #555555">Executive Vice President, Finance and Investor
Relations</P>

<P STYLE="font: 10pt Vale Sans,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

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<P STYLE="font: 7pt Vale Sans,sans-serif; margin: 0; text-align: right; color: gray"><B>For further information, please contact:</B></P>

<P STYLE="font: 7pt Vale Sans,sans-serif; margin: 0; text-align: right; color: gray">Vale.RI@vale.com</P>

<P STYLE="font: 7pt Vale Sans,sans-serif; margin: 0; text-align: right; color: gray">Thiago Lofiego: thiago.lofiego@vale.com</P>

<P STYLE="font: 7pt Vale Sans,sans-serif; margin: 0; text-align: right; color: gray">Luciana Oliveti: luciana.oliveti@vale.com</P>

<P STYLE="font: 7pt Vale Sans,sans-serif; margin: 0; text-align: right; color: gray">Mariana Rocha: mariana.rocha@vale.com</P>

<P STYLE="font: 7pt Vale Sans,sans-serif; margin: 0; text-align: right; color: gray">Pedro Terra: pedro.terra@vale.com</P>

<P STYLE="font: 7pt Vale Sans,sans-serif; margin: 0; text-align: right; color: gray">&nbsp;</P>

<P STYLE="font: 7pt Vale Sans,sans-serif; margin: 0; text-align: justify; color: gray">This press release may include statements that
present Vale&rsquo;s expectations about future events or results. All statements, when based upon expectations about the future, involve
various risks and uncertainties. Vale cannot guarantee that such statements will prove correct. These risks and uncertainties include
factors related to the following: (a) the countries where we operate, especially Brazil and Canada; (b) the global economy; (c) the capital
markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global
competition in the markets in which Vale operates. To obtain further information on factors that may lead to results different from those
forecast by Vale, please consult the reports Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comiss&atilde;o
de Valores Mobili&aacute;rios (CVM) and in particular the factors discussed under &ldquo;Forward-Looking Statements&rdquo; and &ldquo;Risk
Factors&rdquo; in Vale&rsquo;s annual report on Form 20-F.</P>

<P STYLE="font: 12pt Vale Sans,sans-serif; margin: 0">&nbsp;</P>

<P STYLE="font: 7pt Vale Sans,sans-serif; margin: 0; text-align: right; color: gray">&nbsp;</P>








<P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"></P>

<P STYLE="font: bold 16pt Caecilia Light; margin: 0; text-align: justify; color: #007e7a"></P>

<P STYLE="font: 8pt Arial,sans-serif; margin: 0; text-align: right; color: gray"><B>&nbsp;</B></P>



<P STYLE="margin: 0pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Signatures</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0pt 0">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font-size: 10pt; border-collapse: collapse; width: 100%">
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif">Vale S.A.<BR>
    (Registrant) &nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt; width: 50%">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 3%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 47%">/s/ Thiago Lofiego</TD></TR>
  <TR STYLE="font-size: 10pt; vertical-align: bottom">
    <TD STYLE="font-size: 10pt">Date: February 22, 2024</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 0in"> Director of Investor Relations</TD></TR>
  </TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
