Vale S.A. (pronunciación en portugués brasileño: ['vali], nombre completo: Companhia Vale do Rio Doce) es una empresa multinacional brasileña fundada en 1942 y con sede en la ciudad de Río de Janeiro, la empresa opera en los sectores de minería, logística, energía siderúrgica y petróleo, y es uno de los mayores operadores logísticos de Brasil.
Es también la segunda compañía minera más grande del mundo,4 y el mayor productor mundial de Hierro5 y segundo en Níquel.6 En el sector de la energía eléctrica, la compañía participa en consorcios y actualmente opera nueve plantas hidroeléctricas.
VALE’S PERFORMANCE IN 2Q24
Vale S.A. (“Vale”), released, on this date, its financial statements for 2Q24.
Rio de Janeiro, July 25th, 2024 - “Our strong operational performance continues quarter after quarter. In Iron Ore Solutions, we achieved record-high second quarter production since 2018, driven mainly by consistent performance at S11D. As part of our strategic objective to become the supplier of choice for low-carbon steel, we are advancing on key growth projects such as Vargem Grande and Capanema, which together will add 30 Mt of capacity in the next twelve months. Additionally, we are pleased to announce a partnership within our Mega Hubs strategy, further strengthening our market position as a competitive direct reduction products supplier. In Energy Transition Metals, we resumed operations at Sossego, Onça Puma, and Salobo. We recently announced Shaun Usmar as the new CEO to lead our copper and nickel business, bringing his extensive mining experience and strategic vision. Lastly, we are proud to have successfully eliminated the B3/B4 dam and we are on track to conclude 53% of the decharacterization program by yearend, reinforcing our commitment to safety and sustainability.”, commented Eduardo Bartolomeo, Chief Executive Officer.
Highlights
Business Results
- Iron ore shipments increased by 5.4 Mt (+7%) y/y and 16.0 Mt (25%) q/q, driven by record production for a second quarter since 2018, as well as by inventory sales.
- The strong shipment performance led to a Proforma EBITDA of US$ 4.0 billion.
- Iron ore fines C1 cash cost ex-3rd party purchases was 6% higher q/q, reaching US$ 24.9/t, mainly due to a seasonal inventory turnover impact and concentration of maintenance activities.
- Iron ore fines freight cost decreased US$ 0.3/t q/q, reaching US$ 19.0/t, US$ 6.8/t lower than the Brazil-China C3 route average in Q2, driven by our long-term affreightment contracts exposure.
- Copper and nickel all-in costs were US$ 3,651/t and US$ 15,000/t in the quarter, respectively, with both businesses on track to deliver their respective cost guidances for the year.
Disciplined capital allocation
- Capital expenditures of US$ 1.3 billion in Q2, US$ 0.1 billion higher y/y, in line with the year’s guidance (US$ ~6.5 billion).
- Gross debt and leases of US$ 14.7 billion as of March 31st, 2024, US$ 0.8 billion higher q/q mainly as a result of new loans raised by Vale S.A. and Vale Base Metals, within our liability management plan.
- Expanded net debt of US$ 15.1 billion as of June 30th, 2024, US$ 0.5 billion higher q/q.
Value creation and distribution
- US$ 1.6 billion in interest on capital to be paid in September 2024, consistent with Vale’s minimum dividend policy applied to 1H24 results.
- Allocation of US$ 114 million as part of the 4th buyback program in the quarter.
Gustavo Duarte Pimenta
Executive Vice President, Finance and Investor Relations
Vale SA declara dividendos, aproximadamente 0,372 dolares por accion
Vale announces shareholder remuneration
Rio de Janeiro, July 25th, 2024 - Vale S.A. (“Vale” or “Company”) informs that its Board of Directors approved, on this date, the distribution of shareholder remuneration, as interest on capital, in the total gross amount of R$ 2.093798142 per share 1, calculated according to the balance sheet of June 30th, 2024. The amount distributed is line with the Company’s
The record date for payment of interest on capital to holders of shares issued by Vale and traded on B3 will be August 2nd, 2024, with payment to occur on September 4th, 2024. The record date for payment of interest on capital to holders of American Depositary Receipts (“ADRs”) traded on the New York Stock Exchange (“NYSE”) will be August 5th, 2024, with payment starting on September 11th, 2024, through the ADR depositary agent, Citibank N.A.
Vale’s shares will start trading ex-remuneration on B3 and NYSE from August 5th, 2024. Interest on capital to be paid per share may vary slightly until the record dates due to the share buyback program, which impacts the number of shares held in treasury. If applicable, the Company will release a Notice to Shareholders informing the final value per share.
Gustavo Duarte Pimenta
Executive Vice President, Finance and Investor Relations
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Vale completes acquisition of stake in Aliança Energia
Rio de Janeiro, August 13, 2024 - Considering the press release on March 27, 20241, Vale S.A. (“Vale” or the “Company”) announces the completion of the acquisition of the entire 45%-stake held by Cemig Geração e Transmissão S.A. (“Cemig GT”) in Aliança Geração de Energia S.A. (“Aliança Energia”), a privately held company, as the customary precedent conditions were fully met.
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Finalmente, Vale tiene nuevo CEO tras sus disputas con Lula
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Vale se mete en el hidrógeno verde en Brasil