Vale Investor Day Presentation Deck

31 3 Maximize flight-to-quality in Iron Ore New projects to reduce the reliance on tailings dams Iron ore production by method Mt Wet processing Wet processing with tailings filtration Dry concentration Dry processing 346 40% 385 2015 58% 300 2018 73% 400 2020 ~15% ~1% ~70% 85% Lower tailings dam exposure Increase dry WIL processing production C: oºo Develop dry concentration solutions Implement tailings filtration plants 400 Mtpy production level¹ 1 Considers a time horizon after the implementation of the highlighted initiatives. The production method share over the years will depend on assets availability and production plan. 2 Northern System includes Serra Norte, Serra Leste and S11D operations. 3 Usina 1 partially operates today by wet processing, which is expected to be converted to dry processing in 2025. 4 18 Mtpy capacity project by natural moisture with start-up expected in 2H23. Net addition capacity of 14 Mtpy in the first years. Blending strategy Northern System 240 Mtpy² Serra Norte Usina 1 conversion³ Capanema project4 Dry tailings used as co-products VALE

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