Vale Investor Day Presentation Deck

34 3 Maximize flight-to-quality in Iron Ore Dry concentration: more quality, no water, no dams Final products with up to 68% Fe¹ Magnetic separation: proprietary technology Modular design Potentially integrated with other process routes Dry concentration capacity Under construction Mtpy Start-up 2023 1,5 Vargem Grande Expected approval 2023 6,0 Fazendão Expected approval 2023 2,0 Fábrica 9,5 Under evaluation Expected approval 2022 8,5 Dry Oman concentration (PF cleaner)² capacity ¹ Final products depend on ROM quality. 2 Project to improve pellet feed ("PF") quality to supply direct reduction pellets production. Dry magnetic concentration pilot plant Vale's Ferrous Technological Center

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