Vale Investor Conference Presentation Deck
2022 BofA Securities Global Metals, Mining & Steel Conference
Competitive cost structure to deliver value across the
cycle
Iron ore
Iron ore all-in costs¹
US$/t
39
27
0
(102)
Vale
1
45
Peer 1
Peer 2
Solid and growing premiums
(US$ 9.1/t all-in premiums in 1Q22)
2018
2021
Vale's EBITDA/t
1 Iron ore fines and pellets EBITDA break-even. Does not include sustaining investments.
Peer 3
Winning shipping strategy
(LT contracts and Valemaxes/Guaibamaxes)
Nickel
Less than
US$ 8,500/t
average cost2 in 2021
Copper (Brazil)
Less than
US$ 1,500/t
average cost2 in 2021
2 COGS after by-products revenues in 2021.
F
Large resource base
Green portfolio
Cost competitive
Growth opportunities
1st quartile in
Canada operations
-US$ 8,700
EBITDA/t in 2021
-US$ 750/t Salobo
average net cost²
-US$ 7,500
EBITDA/t in 2021
VALEView entire presentation