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Acquisitions and divestitures (Tables)
 12 Months Ended
Dec. 31, 2024
Acquisitions And Divestitures  
Schedule of effects on the income statement
       
    Year ended December 31,
  Reference 2024 2023 2022
Anglo American Minério de Ferro Brasil S.A. 17(a) 626 - -
Vale Oman Distribution Center 17(b) 1,222 - -
Aliança Geração Energia S.A. 17(c) 305 - -
PT Vale Indonesia Tbk 17(d) 1,059 - -
Mineração Rio do Norte 17(f) - (87) -
Companhia Siderúrgica do Pecém (i) 17(h) - 31 (135)
Midwestern System 17(i) - - 1,158
California Steel Industries 17(j) - - 292
Manganese 17(k) - - (10)
Other   - - 19
    3,212 (56) 1,324
Discontinued operations (Coal) 17(l) - - 2,483
    3,212 (56) 3,807

 

(i)Includes impairment of the investment in the amount of US$111 and a provision for accounts receivable with CSP in the amount of US$24.
Schedule of effects of transaction
 
  September 26th, 2024
Sale of the 50% equity interest  
Cash received 600
Derecognition of VODC's net assets (45)
Gain on sale of equity interest 555
   
Remeasurement of the 50% interest retained  
Fair value of 50% interest retained 600
Derecognition of VODC’s net assets (45)
Gain on remeasurement of equity interest 555
   
Other effects of the deconsolidation  
Gain on the reclassification of cumulative translation adjustments 112
Gain on the transaction recorded in the income statement 1,222
Schedule of fair value of identifiable assets acquired and liabilities assumed result of acquisition
   
    Aliança Energia
  Notes August 13th, 2024
Identifiable assets acquired    
Cash and cash equivalents   95
Intangible 18 828
Property, plant and equipment 19 573
Other   40
Total Identifiable assets acquired    1,536
Liabilities assumed    
Loans and borrowings 11(c) 245
Deferred taxes on profit 9(b) 312
Other   140
Total Liabilities assumed    697
Net assets acquired   839

 

As disclosed below, the deferred tax liability recognized on the difference between the fair value and the book value of the net assets acquired results in goodwill, which is not deductible for tax purposes.

 

     
  Note August 13, 2024
Consideration transferred for acquisition of the 45% equity interest held by Cemig GT   493
Fair value of the 55% stake previously held by Vale   603
Total [A]   1,096
     
Fair value of net assets acquired   1,096
(-) Deferred tax liability on the difference between the fair value and the book value of net assets   (257)
Total net assets [B]   839
     
Goodwill [A-B] 18 257
Schedule of divestment effects of transactions are summarized
 
  August 13th, 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 effects on the balance sheet
 
  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
Schedule of net income and cash flows from discontinued operations
 
  Year ended December 31, 2022
Net income from discontinued operations  
Net operating revenue 448
Cost of goods sold and services rendered (264)
Operating expenses (13)
Impairment and results on disposals of non-current assets, net (589)
Operating loss (418)
Cumulative translation adjustments 3,072
Derecognition of noncontrolling interest (585)
Financial results, net (7)
Net income before income taxes 2,062
Income taxes (2)
Net income from discontinued operations 2,060
Net income attributable to Vale's shareholders 2,060

 

   
  Year ended December 31, 2022
Cash flow from discontinued operations  
Operating activities  
Net income before income taxes 2,062
Adjustments:  
Impairment and results on disposals of non-current assets, net 589
Derecognition of noncontrolling interest 585
Financial results, net (3,065)
Decrease in assets and liabilities (130)
Net cash generated by operating activities 41
   
Investing activities  
Additions to property, plant and equipment (38)
Disposal of coal, net of cash (65)
Net cash used in investing activities (103)
   
Financing activities  
Payments (11)
Net cash used in financing activities (11)
Net cash used in discontinued operations (73)