XML 70 R61.htm IDEA: XBRL DOCUMENT v3.24.3

Employee benefits (Tables)

6 Months Ended

Jun. 30, 2024

Employee Benefits

Schedule of employee related liabilities

Schedule of employee related liabilities
		Current liabilities		Non-current liabilities
	Notes	June 30, 2024	December 31, 2023	June 30, 2024	December 31, 2023
Payroll, related charges and other remunerations		636	867	-	-
Share-based payments	27(a)	18	27	-	-
Employee post-retirement obligation	27(b)	70	70	1,221	1,381
		724	964	1,221	1,381

Schedule of fair value of the matching program

Schedule of fair value of the matching program
	2024 Program	2023 Program	2022 Program
Granted shares	2,244,659	1,330,503	1,437,588
Share price	12.02	15.94	20.03

Schedule of assumptions used for the monte carlo simulation

Schedule of assumptions used for the monte carlo simulation
	2024 Program	2023 Program	2022 Program
Granted shares	1,873,175	1,177,755	1,709,955
Date shares were granted	April 29, 2024	January 2, 2023	January 3, 2022
Share price	12.49	16.6	13.81
Expected volatility	35.60%	48.33%	39.00%
Expected term (in years)	3	3	3
Expected shareholder return indicator	66.95%	72.42%	51.20%
Expected performance factor	83.47%	79.32%	53.08%

Schedule of reconciliation of assets and liabilities recognized in the statement of financial position

Schedule of reconciliation of assets and liabilities recognized in the statement of financial position
	June 30,2024		December 31, 2023
	Overfunded pension plans	Underfunded pension plans and other benefits	Overfunded pension plans	Underfunded pension plans and other benefits
Movements of assets ceiling
Balance at beginning of the period	1,071	-	1,114	-
Interest income	38	-	103	1
Changes on asset ceiling	(125)	-	(192)	(28)
Translation adjustment	(109)	-	73	-
Transfer	-	-	(27)	27
Balance at end of the period	875	-	1,071	-
Amount recognized in the statement of financial position
Present value of actuarial liabilities	(4,308)	(1,613)	(4,517)	(2,266)
Fair value of assets	5,243	322	5,656	815
Effect of the asset ceiling	(875)	-	(1,071)	-
Assets (liabilities)	60	(1,291)	68	(1,451)
Current liabilities	-	(70)	-	(70)
Non-current assets (liabilities) (i)	60	(1,221)	68	(1,381)
Assets (liabilities)	60	(1,291)	68	(1,451)

(i) Overfunded pension plans assets are recorded as “Other non-current assets” in the balance sheet.

X

- Definition

The disclosure of significant inputs for which market data are not available and that are developed using the best information available about the assumptions that market participants would use when measuring the fair value of the entity's own equity instruments. [Refer: Entity's own equity instruments [member]]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 13
-IssueDate 2023-01-01
-Paragraph 93
-Subparagraph d
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2023-en-r&anchor=para_93_d&doctype=Standard
-URIDate 2023-03-23

+ Details

Name:	ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfEquityExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	vale_DisclosureEmployeeBenefitsAbstract
Namespace Prefix:	vale_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	vale_DisclosureOfEmployeeRelatedLiabilitiesExplanatory
Namespace Prefix:	vale_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	vale_DisclosureOfFairValueOfTheMatchingProgramExplanatory
Namespace Prefix:	vale_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	vale_DisclosureOfReconciliationsOfDefinedBenefitAssetsAndLiabilitiesRecognizedInStatementOfFinancialPositionTableTextBlock
Namespace Prefix:	vale_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration