Vale's Performance in 3Q22

Vale's Performance in 3Q22: Finance Expanded net debt: capital discipline and allocation Expanded net debt US$ billion 19.1 3Q22 expanded net debt (former concept) -2.2 REFIS -3.6 13.3 Net debt target range US$ 20 bn Greater leveling of the concept with the market US$ 10 bn Maintenance of items with relevant disbursement in the short-term Dams 3Q22 decharactarization expanded net debt (new concept) Exclusion of commitments linked to operational and regulatory obligations that are spread over several years 1 Includes US$ 191 million of Germano dam decharacterization provision. VALE

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