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    Photo: Vale / Image Bank
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    Photo: Vale / Image Bank

    Major and Controlling Shareholders

    The Company’s majority shareholder is VCL, who is wholly owned by Vale S.A, and domiciled at Praia de Botafogo, 186-Botafogo, Rio de Janeiro, Brazil.

    Vale S.A.’s corporate capital as of December 31, 2021 was 5,132,458,410 common shares and twelve golden shares owned by the Brazilian Government.

    Struktur Pemegang Saham Utama dan Pengendali Perusahaan

    Company Majority and Controlling Shareholders Structure
    The twelve golden shares have veto powers over certain actions, such as a change in name, location of the head office, and the Company’s purpose as it relates to mining activities.

    As such, Vale S.A. is the Company’s Controlling Shareholder, due to its direct and indirect control.

    The following table sets forth information regarding ownership of Vale S.A. shares as of February 28, 2023.
    Photo: Vale / Image Bank
    Name of Shareholders ​Number of shares ​Percentage (%)
    The Capital Group Companies, Inc.¹ ²
    639,065,707
    13.373%
    Previ
    394,224,956
    8.249%
    Mitsui&co
    286,347,055
    5.992%
    Blackrock, Inc.¹ ²
    262,749,719
    5.498%
    ¹ Position of the economic group ² Position on 01/31/2023