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Acquisitions and divestitures (Tables)
 6 Months Ended
Jun. 30, 2024
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
 
  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
   
  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