Vale SA reported Q3 2024 net income of $2.4B, down from $2.9B in Q3 2023, while net operating revenue decreased to $9.6B from $10.6B. The company recorded adjusted EBITDA of $3.6B for the quarter, compared to $4.4B in the same period last year.In October 2024, Vale, along with Samarco and BHPB, reached a definitive settlement agreement worth $31.7B for the 2015 Samarco dam failure. The settlement includes $7.9B in past remediation costs, $18B in installment payments over 20 years, and $5.8B in performance obligations. As a result, Vale recognized an additional provision of $956M.The company completed several strategic transactions in Q3, including the sale of 50% stake in Vale Oman Distribution Center for $600M and acquisition of full ownership in Aliança Energia. Vale also maintained strong liquidity with cash and cash equivalents of $4.6B as of September 30, 2024.

Vale SA reported Q3 2024 net income of $2.4B, down from $2.9B in Q3 2023, while net operating revenue decreased to $9.6B from $10.6B. The company recorded adjusted EBITDA of $3.6B for the quarter, compared to $4.4B in the same period last year.In October 2024, Vale, along with Samarco and BHPB, reached a definitive settlement agreement worth $31.7B for the 2015 Samarco dam failure. The settlement includes $7.9B in past remediation costs, $18B in installment payments over 20 years, and $5.8B in performance obligations. As a result, Vale recognized an additional provision of $956M.The company completed several strategic transactions in Q3, including the sale of 50% stake in Vale Oman Distribution Center for $600M and acquisition of full ownership in Aliança Energia. Vale also maintained strong liquidity with cash and cash equivalents of $4.6B as of September 30, 2024.