Vale reported Q3 2024 net income of R$13.3B ($2.4B), down 5% YoY, while adjusted EBITDA reached R$26.5B ($4.8B). Net operating revenue increased 2% YoY to R$53B driven by higher iron ore pellet prices and copper sales volumes. The company recognized an additional provision of R$5.3B ($956M) for the Samarco dam failure settlement.Key strategic developments include: completion of 10% stake sale in PT Vale Indonesia for $155M, divestment of 50% interest in Vale Oman Distribution Center for $600M, and acquisition of remaining 45% stake in Aliança Energia for $493M. The company paid R$8.9B ($1.6B) in shareholder remuneration during Q3.The company's net debt increased to R$52B ($9.5B) from R$46.3B at end-2023. Capital expenditures rose 8.5% YoY to R$21.6B ($3.9B) in the first nine months, with R$16B allocated to sustaining capex and R$5.6B to growth projects.

Vale reported Q3 2024 net income of R$13.3B ($2.4B), down 5% YoY, while adjusted EBITDA reached R$26.5B ($4.8B). Net operating revenue increased 2% YoY to R$53B driven by higher iron ore pellet prices and copper sales volumes. The company recognized an additional provision of R$5.3B ($956M) for the Samarco dam failure settlement.Key strategic developments include: completion of 10% stake sale in PT Vale Indonesia for $155M, divestment of 50% interest in Vale Oman Distribution Center for $600M, and acquisition of remaining 45% stake in Aliança Energia for $493M. The company paid R$8.9B ($1.6B) in shareholder remuneration during Q3.The company's net debt increased to R$52B ($9.5B) from R$46.3B at end-2023. Capital expenditures rose 8.5% YoY to R$21.6B ($3.9B) in the first nine months, with R$16B allocated to sustaining capex and R$5.6B to growth projects.