Vale S.A. diskutieren

Vale S.A. (“Vale”) announces that it has signed three agreements with local authorities and clients to jointly study the development of industrial complexes (“Mega Hubs”) in the Kingdom of Saudi Arabia, the United Arab Emirates, and the Sultanate of Oman to produce low-carbon products to the steelmaking industry.
The parties are seeking to cooperate in the development of these Mega Hubs to produce hot briquetted iron (“HBI”) and steel products to supply both the local and seaborne markets, with significant reduction of CO2 emissions.
The production of HBI using natural gas emits around 60%1 less CO2, when compared to pig iron production through the integrated BF-BOF route. In the future, the replacement of natural gas by hydrogen and the usage of renewable energy could eliminate CO2 emissions.

Aus dem Q3 Bericht- die aktuellen Preisrückgänge beim Eisenerz machen sich bemerkbar
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Vale CEO and Vale Base Metals board director Eduardo Bartolomeo said: “We are proud to continue supporting Indonesia’s ambitions in delivering low-carbon metals that are essential for the global energy transition. PTVI’s high-quality project portfolio, including Bahodopi, Sorowako and Pomalaa, will drive the next stage of growth in responsible nickel production, creating long-term value for all stakeholders.

The sale was announced by the Indonesian Minister for Energy and Mineral Resources, Arifin Tasrif, last week.
It complies with an Indonesian law that requires foreign companies to sell 51% of their stake in local businesses after operating for a certain period.
The divestment is a requirement for foreign businesses to extend their operating permit in Indonesia, and Vale’s current contract will end in 2025.

• Proforma adjusted EBITDA (including associates and JVs proportionate EBITDA in the amount of US$ 203 million) of US$ 3.5 billion in Q1, 9% lower y/y and 49% lower q/q, mainly as a result of weaker iron ore fines realized prices. Q/q variation was also impacted by seasonally lower sales.
• Iron ore sales increased 8.2 Mt (+15%) and while copper sales increased 14.1 kt (+22%) y/y , both supported by continued operational improvements.
• Iron ore fines C1 cash cost ex-3rd party purchases was slightly lower y/y, reaching US$ 23.5/t in Q1, despite the negative effect of the BRL appreciation.
• Free Cash Flow generation totaled US$ 2.0 billion in Q1, representing an EBITDA to cash-conversion of 57%, positively impacted by strong collection from Q4 sales.
• Vale has achieved 100% renewable electricity consumption in Brazil two years ahead of schedule, which was 2025. With that, the company has zeroed its indirect CO2 emissions in the country. Also, it remains committed to achieving 100% renewable electricity consumption in its global operations by 2030, from the current 88.5%.

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Rio de Janeiro, June 25th, 2024 - Vale S.A. ("Vale" or "Company") hereby announces that its wholly owned subsidiary Vale Overseas Limited (“Vale Overseas”) plans to offer notes due 2054 guaranteed by Vale (the “Notes”). Vale intends to use a portion of the net proceeds of the offering to (i) fund the purchase price of certain notes issued by Vale Overseas tendered and accepted for purchase pursuant to the tender offer announced on the date hereof; (ii) fund the redemption price of the 6.250% Guaranteed Notes due 2026 issued by Vale Overseas, and (iii) the remainder for general corporate purposes.