Vale Investor Day Presentation Deck

Achieving 400 Mtpy capacity level Southern System: 70+ Mtpy capacity in the long term Southern System capacity Mtpy 59 Today Vargem Grande (conveyor belt) Mutuca (licensing) and net from other operations 69 Medium term (Path to 400 Mtpy) Vargem Grande (mining licensing, VGR1 plant resumption, dry concentration plant and others) 70-85 Long term VALE 34

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