Vale Investor Day Presentation Deck

The equity story for Vale In Base Metals, Vale can boost shareholder value through organic initiatives Delivering on stability VB ME Copper Cliff Mine Manitoba Life ext. Transitioning to underground mining in Voisey's Bay ▪ First ore achieved in June Continued development of Reid Brook ■ Recovery of production in Sudbury ▪ New mining fronts to ramp up with resumption of operations ▪ South Shaft reform activities returning after labor disruption Extend life of mine by 10 years ▪ Phase 1 approved (CAD 150 M) ■ Critical infrastructure to enable extension Building on optionality Execution Salobo 3 +30-40 ktpy + Stability in North Atlantic Copper Nickel 1 100% basis. ² Participation through joint-ventures. Volumes shown as 100% basis. ³ Volumes under review Upcoming approval LT growth optionality Hu'u² +250 kt³ Alemão Hub +60 ktpy South Hub: Cristalino 80kt Onça Puma 2nd furnace +10-15 kt Indonesia JVs +110 ktpy¹ South Hub upside +30-40 kt North Hub +70-100 kt Salobo 4 +30 kt Exploration potential in Sudbury Manitoba Ultramafics

View entire presentation