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Cash flows reconciliation (Tables)
 6 Months Ended
Jun. 30, 2024
Cash Flows Reconciliation  
Schedule of cash flow from operating activities
     
    Six-month period ended June 30,
  Notes 2024 2023
Cash flow from operating activities:      
Income before income taxes   4,870 5,016
Adjusted for:      
Equity results and other results in associates and joint ventures 14 (236) 50
Impairment and results on disposal of non-current assets, net                 5(c) (1,004) 70
Review of estimates related to Brumadinho 23 (20) 140
Review of estimates related to de-characterization of dams 25 (131) -
Depreciation, depletion and amortization   1,507 1,435
Financial results, net 6 1,689 687
Changes in assets and liabilities:      
Accounts receivable 10 1,768 1,439
Inventories 11 (461) (520)
Suppliers and contractors 12 (150) 465
Other assets and liabilities, net   (1,000) (1,243)
Cash flow from operations   6,832 7,539
       
Schedule of cash flow from investing activities
     
    Six-month period ended June 30,
  Notes 2024 2023
Proceeds from the partial disposal of VBML shares 15(b) 2,455 -
Proceeds from the partial disposal of PTVI shares 15(a) 155 -
Proceeds from the divestment of Companhia Siderúrgica do Pecém 15(f) - 1,082
Cash contribution to Companhia Siderúrgica do Pecém 15(f) - (1,149)
Cash received (payments) from disposal of investments, net   2,610 (67)
       
Schedule of reconciliation of debt to cash flows arising from financing activities
       
  Quoted in the secondary market Other debt contracts in Brazil Other debt contracts on the international market Total
December 31, 2023 7,474 250 4,747 12,471
Additions 1,000 - 960 1,960
Payments (51) (24) (517) (592)
Interest paid (i) (227) (11) (159) (397)
Cash flow from financing activities 722 (35) 284 971
Effect of exchange rate (53) (30) 29 (54)
Interest accretion 227 11 144 382
Non-cash changes 174 (19) 173 328
June 30, 2024 8,370 196 5,204 13,770
         
December 31, 2022 6,497 280 4,404 11,181
Additions 1,500                        -    300 1,800
Payments (517) (38) (65) (620)
Interest paid (i) (237) (16) (116) (369)
Cash flow from financing activities 746 (54) 119 811
Effect of exchange rate 7 34 3 44
Interest accretion 234 16 131 381
Non-cash changes 241 50 134 425
June 30, 2023 7,484 276 4,657 12,417

 

(i)Classified as operating activities in the statement of cash flows.
Schedule of non-cash transactions
   
  Six-month period ended June 30,
  2024 2023
Non-cash transactions:    
Additions to PP&E with capitalized loans and borrowing costs 13 10