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Investments in associates and joint ventures (Tables)
 12 Months Ended
Dec. 31, 2024
Investments In Associates And Joint Ventures  
Schedule of investment in associated and joint ventures
                 
Associates and joint ventures % ownership December 31, 2023 Additions and capitalizations Equity results in income statement Dividends declared Translation adjustment (i) Fair value remeasurement (i) Other December 31, 2024
Iron Solutions                  
Anglo American Minério de Ferro Brasil S.A. (iv) 15.00 - 670 3 - (11) - 1 663
Baovale Mineração S.A. 50.00 28 - 2 (3) (6) - (1) 20
Companhia Coreano-Brasileira de Pelotização 50.00 73 - 27 (6) (19) - - 75
Companhia Hispano-Brasileira de Pelotização 50.89 49 - 14 (10) (11) - - 42
Companhia Ítalo-Brasileira de Pelotização 50.90 63 - 16 (7) (17) - 6 61
Companhia Nipo-Brasileira de Pelotização 51.00 150 - 41 (26) (36) - - 129
MRS Logística S.A. 49.01 640 - 135 (27) (157) - - 591
VLI S.A. 29.60 346 - 81 - (86) - - 341
Samarco Mineração S.A. (note 27) 50.00 - - - - - - - -
Vale Oman Distribution Center 50.00 - - 16 - - 600 - 616
    1,349 670 335 (79) (343) 600 6 2,538
Energy Transition Metals                  
PT Vale Indonesia Tbk 33.88 - - (29) - - 1,910 4 1,885
    - - (29) - - 1,910 4 1,885
Others                  
Aliança Geração de Energia S.A. (ii) - 356 - 4 - (62) - (298) -
Aliança Norte Energia Participações S.A. 51.00 106 - (10) - (22) - - 74
Other   61 - 2 (1) (13) - 1 50
    523 - (4) (1) (97) - (297) 124
Equity results in associates and joint ventures   1,872 670 302 (80) (440) 2,510 (287) 4,547
Other results in associates and joint ventures (iii)   - - (571) - - - - -
Equity results and other results in associates and joint ventures   - - (269) - - - - -

 

(i)It refers to the remeasurement at fair value of the remaining stake held by Vale on PT Vale Indonesia Tbk and Vale Oman Distribution Center, after the closing of the divestment transactions (notes 17b and 17d).
(ii)The effect presented in “Other” column refers to derecognition of the investment due to the acquisition of control over Aliança Geração de Energia S.A., that became a subsidiary. Further details are disclosed in note 17(c) of these financial statements.
(iii)It refers mainly to the expense with the additional provision for Samarco in the amount of US$956 (note 27), net of the gain of US$305 due to the acquisition of Aliança Geração de Energia S.A. (note 17c).
(iv)The effect presented in “additions and capitalizations” column refers to the purchase of 15% stake in Anglo American Minério de Ferro Brasil S.A. (note 17a).
Summarized financial information about relevant associates and joint ventures
             
  Year ended December 31, 2024
  Aliança Norte Energia Participações Anglo American Minério de Ferro do Brasil S.A. Pelletizing plants (i) MRS Logística PT Vale Indonesia Tbk Vale Oman Distribution Center VLI S.A.
Current assets - 683 369 868 1,183 88 786
Non-current assets 146 8,375 374 2,461 4,792 1,779 2,757
Total assets 146 9,058 743 3,329 5,975 1,867 3,543
               
Current liabilities - 1,033 138 547 264 40 799
Non-current liabilities 1 2,081 - 1,576 147 596 1,592
Total liabilities 1 3,114 138 2,123 411 636 2,391
Equity 145 5,944 605 1,206 5,564 1,231 1,152
               
Net revenue - 2,085 307 1,303 472 67 1,705
Net income (loss) (20) 401 194 263 (85) 31 275

 

  Year ended December 31, 2023
  Aliança Geração de Energia Aliança Norte Energia Participações Pelletizing plants (i) MRS Logística VLI S.A.
Current assets 120 - 374 954 935
Non-current assets 1,064 210 420 2,779 3,309
Total assets 1,184 210 794 3,733 4,244
           
Current liabilities 171 - 133 704 933
Non-current liabilities 365 2 1 1,709 2,143
Total liabilities 536 2 134 2,413 3,076
Equity 648 208 660 1,320 1,168
           
Net revenue 230 - 194 1,291 1,682
Net income (loss) 88 (15) 172 243 (366)

 

(i)Aggregated entities: Companhia Coreano-Brasileira de Pelotização, Companhia Hispano-Brasileira de Pelotização, Companhia Ítalo-Brasileira de Pelotização, and Companhia Nipo-Brasileira de Pelotização.
Schedule of material consolidated
         

 

 

 Location Main activity/Business % Ownership % Voting capital % Noncontrolling interest
Direct and indirect subsidiaries          
Aliança Geração de Energia S.A.  Brazil  Energy 100.0% 100.0% 0.0%
Companhia Portuária da Baía de Sepetiba  Brazil  Iron ore 100.0% 100.0% 0.0%
Minerações Brasileiras Reunidas S.A. (“MBR”)  Brazil  Iron ore 100.0% 100.0% 0.0%
Salobo Metais S.A.  Brazil  Copper 90.0% 90.0% 10.0%
Vale Base Metals Limited  United Kindgdom  Holding 90.0% 90.0% 10.0%
Vale Holdings B.V.  Netherlands  Holding and research 100.0% 100.0% 0.0%
Vale Canada Limited  Canada  Nickel 90.0% 90.0% 10.0%
Vale International S.A.  Switzerland  Trading and holding 100.0% 100.0% 0.0%
Vale Malaysia Minerals Sdn. Bhd.  Malaysia  Iron ore 100.0% 100.0% 0.0%
Vale Oman Pelletizing Company LLC  Oman  Pelletizing plant 100.0% 100.0% 0.0%
Summarized financial information of noncontrolling interest
     
  December 31, 2024
  Vale Base Metals Limited Other Total
Current assets 18 - -
Non-current assets 13,141 - -
Related parties – Shareholders 249 - -
Total assets 13,408 - -
       
Current liabilities - - -
Non-current liabilities - - -
Related parties – Shareholders 1,159 - -
Total liabilities 1,159 - -
       
Equity 12,249 - -
Equity (negative reserves) attributable to noncontrolling interests 1,225 (103) 1,122
       
Net income (692) - -
Net income (loss) attributable to noncontrolling interests (195) 4 (191)
       
Dividends paid to noncontrolling interests - - -

 

  December 31, 2023
  PTVI Other Total
Current assets 885 - -
Non-current assets 2,977 - -
Related parties – Shareholders 83 - -
Total assets 3,945 - -
       
Current liabilities 221 - -
Non-current liabilities 239 - -
Total liabilities 460 - -
       
Equity 3,484 - -
Equity (negative reserves) attributable to noncontrolling interests 1,599 (79) 1,520
       
Net income 207                           -   -
Net income (loss) attributable to noncontrolling interests 144 (22) 122
       
Dividends paid to noncontrolling interests 33 8 41

 

  December 31, 2022
  PTVI Vale Oman Pelletizing Other Total
Current assets 853 84 - -
Non-current assets 2,147 581 - -
Related parties – Shareholders 113 81 - -
Total assets 3,113 746 - -
         
Current liabilities 183 96 - -
Non-current liabilities 249 149 - -
Related parties – Shareholders                      -   297 - -
Total liabilities 432 542 - -
         
Equity (negative reserves) 2,681 204 - -
Equity (negative reserves) attributable to noncontrolling interests 1,492 61 (62) 1,491
         
Net income 181 29                           -   -
Net income (loss) attributable to noncontrolling interests 101 9 (28) 82
         
Dividends paid to noncontrolling interests                      -   12 - 12