Vale S A : The 2023 Global Metals, Mining & Steel Conference | Bofa Presentation
May 16, 2023 at 12:53 pm
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2023 Global Metals, Mining & Steel Conference
Bank of America
Eduardo Bartolomeo
May 16th, 2023
Disclaimer
"This presentation may include statements that present Vale's expectations about future events or results, including without limitation our estimates for steel production on slide 5, our potential Mega Hubs on slide 8, our pellets and briquettes production on slide 9, our estimates for iron ore production on slide 10, and our estimates for volumes, high-grade agglomerates, grades and average premium on slide 11. These risks and uncertainties include factors relating to market conditions, our ability to obtain financing and partnerships for the Mega Hubs development, our ability to obtain financing for briquetting plants, our ability to obtain applicable environmental and operating licenses for current operations and projects. It include risks and uncertainties relating to the following: (a) the countries where we operate, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; (e) global competition in the markets in which Vale operates; and (f) the estimation of mineral resources and reserves, the exploration of mineral reserves and resources and the development of mining facilities, our ability to obtain or renew licenses, the depletion and exhaustion of mines and mineral reserves and resources. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM) and in particular the factors discussed under "Forward-Looking Statements" and "Risk Factors" in Vale's annual report on Form 20-F."
2023 Global Metals, Mining & Steel Conference | Bank of America
We exist to improve life and transform the future.
Together.
The Sol do Cerrado solar project, with investments of ~USD 590 million, will generate renewable energy to meet 16% of Vale's estimated consumption by 2025.
3
2023 Global Metals, Mining & Steel Conference | Bank of America
Strengthening our
strategy to the Vale of the Future
promote
sustainable mining
foster
low carbon solutions
stay
disciplined
4
2023 Global Metals, Mining & Steel Conference | Bank of America
Steel for a growing, urbanizing and decarbonizing world
Steel demand drivers
Population and economic growth
Urbanization
Energy transition
Onshoring and reduced steel imports
Steel production by region (Mt)¹
Emerging regions²
China
Europe, America, Japan, Korea and others
+22%
~2,090
~2,300
~2,010
1,887
~620
~310
~410
252
1,018
~1,010
~970
~940
617
~690
~710
~740
2022
2026
2030
2040
5
¹ Source: Vale's market intelligence. ² Including India, Southeast Asia, Middle East and Africa.
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Vale SA published this content on 16 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 May 2023 11:52:08 UTC.
Vale S.A. is one of the world's leading metallurgy and mining groups. Revenues break down by family of products as follows:
- ferrous minerals and metals (80,2%): ferrous minerals (85.1% of revenues; 254 Mt sold in 2020), ferrous mineral granules (13.2%; 31.2 Mt), iron alloys and manganese (0.7%; 1.4 Mt), and other (1%);
- non-ferrous minerals and metals (17.9%): nickel, precious metals, and cobalt (69.7% of revenues; 211 Kt of nickel sold) and copper (30.3%; 247 Kt);
- coal (1.2%): metallurgical coal (2.9 Mt sold) and thermal coal (3 Mt);
- other (0.7%).
Revenues are distributed geographically as follows: Brazil (7.3%), the United States (2.6%), Americas (1.5%), China (57.8%), Japan (5.5%), Asia (8.2%), Europe (13.3%) and Middle East/Africa/Oceania (3.8%).
VALE S.A. 
