Vale SA, a leading global mining company, has released its consolidated interim financial statements for the three-month period ending March 31, 2024. The report, reviewed by PricewaterhouseCoopers Auditores Independentes Ltda., indicates that the company's net income decreased to $1,687 million from $1,878 million in the same period of the previous year. The decrease in net income is attributed to higher costs of goods sold and services rendered, which rose to $5,367 million from $4,949 million. Despite this, Vale's operating income remained robust at $2,448 million, although it was lower than the $2,881 million reported in the previous year. The company also reported comprehensive income of $675 million, a significant decrease from the $2,726 million reported in the prior year. The financial statements also highlight the company's...Show More

Vale SA, a leading global mining company, has released its consolidated interim financial statements for the three-month period ending March 31, 2024. The report, reviewed by PricewaterhouseCoopers Auditores Independentes Ltda., indicates that the company's net income decreased to $1,687 million from $1,878 million in the same period of the previous year. The decrease in net income is attributed to higher costs of goods sold and services rendered, which rose to $5,367 million from $4,949 million. Despite this, Vale's operating income remained robust at $2,448 million, although it was lower than the $2,881 million reported in the previous year. The company also reported comprehensive income of $675 million, a significant decrease from the $2,726 million reported in the prior year. The financial statements also highlight the company's cash flow from operations, which generated $3,576 million, slightly lower than the $3,610 million in the previous year. Vale's financial position remains strong, with cash and cash equivalents of $3,790 million at the end of the period. The report includes detailed notes on corporate information, significant events, and transactions, providing transparency on Vale's financial performance and operations.