Vale Results Presentation Deck
We are identifying opportunities to offset inflation in 2022
and deploy the US$ 1 billion reduction program for 2023
Inflation on fixed spending and sustaining
investments to be offset in 2022
US$
0.5-0.7
billion
of expected inflation pressure on
fixed spending and sustaining
investment in 2022 (vs. 2021)
Examples of initiatives identified to offset inflation:
Vale: Organizational redesign and simplification
Iron ore: Reassess scope and process of maintenance and
suppliers
Base Metals: Services optimization through better planning and
control in North Atlantic
Iron ore variable cost sensitivity to oil price
2022 vs. 2021
F
A $ 10/bbl brent oil
AUS$ 0.2/t iron ore C1 cash cost
A $ 10/bbl brent oil
L
A US$ 0.9/t iron ore's freight cost
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