Vale S.A., a leading global mining company, has reported its financial results for the third quarter of 2024. The company's net operating revenue increased to R$52,978 million from R$51,962 million in the same period last year. Despite higher revenues, the cost of goods sold and services rendered rose to R$34,827 million, reducing the gross profit to R$18,151 million. Operating income for the quarter was R$20,388 million, up from R$16,036 million in Q3 2023. Net income attributable to Vale's shareholders was R$13,386 million, slightly down from R$13,864 million in the previous year. Basic and diluted earnings per share were R$3.14, compared to R$3.21 in Q3 2023. The company also highlighted significant events, including the divestment of a 50% equity interest in Vale Oman Distribution Center and the acquisition of Aliança Geração de Energia S.A. Additionally, Vale's Board of Directors approved shareholder remuneration of R$8,940 million in July 2024, which was fully paid in September 2024.

Vale S.A., a leading global mining company, has reported its financial results for the third quarter of 2024. The company's net operating revenue increased to R$52,978 million from R$51,962 million in the same period last year. Despite higher revenues, the cost of goods sold and services rendered rose to R$34,827 million, reducing the gross profit to R$18,151 million. Operating income for the quarter was R$20,388 million, up from R$16,036 million in Q3 2023. Net income attributable to Vale's shareholders was R$13,386 million, slightly down from R$13,864 million in the previous year. Basic and diluted earnings per share were R$3.14, compared to R$3.21 in Q3 2023. The company also highlighted significant events, including the divestment of a 50% equity interest in Vale Oman Distribution Center and the acquisition of Aliança Geração de Energia S.A. Additionally, Vale's Board of Directors approved shareholder remuneration of R$8,940 million in July 2024, which was fully paid in September 2024.