Vale Investor Conference Presentation Deck
2022 BofA Securities Global Metals, Mining & Steel Conference
... leading us to accretive and broad growth
opportunities
Iron ore (Mt)
320-335
2022
-400
■
400-450
Medium term Long term
Medium term
Tailings' filtration plants and start-up of
Torto dam and raising of Itabiruçu dam
▪ S11D capacity/performance, licensing in
Serra Norte and Gelado project
Capanema project
Long term
▪ Production flexibility in Northern System
Logistics expansion in Northern System
Capacity
buffer
Nickel (kt)
175-190
M
2022
200-220
Medium term Long term
Medium term
▪ Stable production at North Atlantic and
new projects (VBME, CCM 1 and Victor).
Onça Puma stabilization
▪ PTVI furnace rebuild
Onça Puma 2nd furnace
Long term
▪ Extensive drilling program in Canada and
optionality in Indonesia
Copper (kt)
330-355
2022
■
Large resource base
Green portfolio
390-420
Medium term
Cost competitive
Growth opportunities
900
Long term
Medium term
▪ Stable production at North Atlantic mines
▪ Salobo III start-up in 2H22
Long term
▪ Growth optionalities in Carajás region (e.g.
Alemão, South Hub extension, North Hub
extension Salobo IV)
Hu'u development in Indonesia
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