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Acquisitions and divestitures (Tables) | 6 Months Ended
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Jun. 30, 2024
Acquisitions And Divestitures |
Schedule of acquisitions and divestitures |
Schedule of acquisitions and divestitures |  |  |  |  |
|  | Three-month period ended June 30, 2024 | Six-month period ended June 30, 2024
| Reference | Results on disposals of non-current assets | Equity results and other results in associates and joint ventures | Results on disposals of non-current assets | Equity results and other results in associates and joint ventures
PT Vale Indonesia Tbk | 15(a) | 1,059 | - | 1,059 | -
|  | 1,059 | - | 1,059 | -
|  | Three-month period ended June 30, 2023 | Six-month period ended June 30, 2023
| Reference | Results on disposals of non-current assets | Equity results and other results in associates and joint ventures | Results on disposals of non-current assets | Equity results and other results in associates and joint ventures
Mineração Rio do Norte | 15(e) | - | (93) | - | (93)
Companhia Siderúrgica do Pecém | 15(f) | - | - | - | 37
|  | - | (93) | - | (56)
Schedule of effect in transaction in income statement |
Schedule of effect in transaction in income statement |
| June 28, 2024
Cash consideration received | 155
Fair value of 33.9% interest retained (i) | 1,910
Effects of the deconsolidation: |
Derecognition of net assets of PTVI | (3,697)
Gain on derecognition of noncontrolling shareholders | 1,628
Gain on the reclassification of cumulative translation adjustments | 1,063
Gain on the transaction recorded in the income statement | 1,059
(i) The fair value of the 33.9% retained interest was estimated based on a third-party valuation report. The valuation considered the discounted cash flow method. The key assumptions considered were (i) discount rate of 7.75% with incremental risk premium of around 1.00% on certain assets, (ii) asset life through to 2065, and (iii) range of expected nickel prices from US$/t 17,501 to US$/t 21,000.
Schedule of balance sheet of PTVI classified as held for sale |
Schedule of balance sheet of PTVI classified as held for sale |  |
| June 30, 2024 | December 31, 2023
Assets |  |
Cash and cash equivalents | - | 703
Accounts receivable | - | 20
Inventories | - | 80
Taxes | - | 117
Investments | - | 13
Property, plant and equipment | - | 2,792
Intangible | - | 69
Other assets | - | 139
Total assets | - | 3,933
Liabilities |  |
Suppliers and contractors | - | 172
Deferred income taxes | - | 213
Other liabilities | - | 176
Total liabilities | - | 561
Net assets held for sale | - | 3,372

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