Vale Investor Day Presentation Deck

74 5 Discipline in capital allocation | Reshaping ... freeing up resources for growth opportunities 2022 O Gelado¹ 2 +10 Mtpy S11D +10 Mtpy Salobo III +30-40 ktpy Iron Ore Copper Nickel Approved Capanema³ +18 Mtpy Dry concentr. plant5 +9.5 Mtpy Serra Leste expansion Pomalaa +40 ktpy 2023 - 2026 Serra Sul +20 Mtpy Northern System N3¹ Cristalino¹ Bahodopi7 +70 ktpy Briquettes4 +7 Mtpy Northern System N1/N2¹ Onça Puma 2nd furnace +12-15 ktpy Northern System³ 260 Mtpy Apolo¹ + 14 Mtpy Hu'u¹0 +300-350 ktpy Salobo IV6 +30 ktpy > 2026 O Briquettes 40+ Mtpy Alemão +60 ktpy Victor¹ 11 +20 ktpy Manitoba Phase 2¹ S11C6 South Hub expansion 30-40 ktpy North Hub6 +70-100 ktpy CCM PH 3&4¹ 1 Replacement project. 2 Project starts with 5 Mtpy capacity as requires Usina 1 conversion to achieve full capacity of 10 Mtpy. 3 Net addition capacity of 14 Mtpy in the first years. 4 Includes Vargem Grande (0.75 Mtpy) and Tubarão 1&2 (6 Mtpy) briquette plant projects. 5 Dry concentration plant. Includes Vargem Grande (1.5 Mtpy approved), Fazendão (6 Mtpy) and Fábrica (2 Mtpy). In addition, a project in Oman to improve pellet feed quality (8.5 Mtpy) to supply direct reduction pellets production is under evaluation. 6 Project's capacity under evaluation. Estimated figures subject to feasibility studies, internal approvals and market conditions. 7 Participation through joint ventures. Volumes shown as 100% basis. 8 Logistics project to increase Northern System capacity to 260 Mtpy (+20 Mtpy). 9 Different projects to produce iron ore briquettes. Estimates figures subject to feasibility studies, internal approvals and market conditions. 10 Volumes shown as 100% basis. Hu'u Project is 100% owned by PT Sumbawa Timur Mining (STM), an Indonesian private joint venture company owned by Eastern Star Resources Pty Ltd (80%) and PT Aneka Tambang (20%). Eastern Star Resources Pty Ltd is 100% owned by Vale. 11 JV partnership under discussion. Volume presented as Vale share. VALE

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