Production and Sales Report 2022
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We are a global company, that practices sustainable mining in the countries where we are present. We exist to improve life and transform the future. Together.
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What we do
What we do
We extract ore and transport it through a a complete logistics chain, which includes railroads and ports. In our activity, we prioritize the safety of people and the environment, acting with respect, care and integrity.
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Iron ore is present in the solutions that transform people's lives, contributing to the evolution of society. Today we are the largest producer of iron ore and nickel in the world, in addition to operating in other segments. Come and discover each product and its curiosities.
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Brazil
Click on the states below to learn more about our performance in each location.
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People are at the center of our decisions. We value individual talent and seek to be more diverse and inclusive, acting with respect and practicing open dialogue.
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Include to Transform
In line with our time and focused on people, we work to make Vale a more diverse and inclusive company, in which each individual is free to be proud of their identity.
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Proud to be Vale
We are made by people and for people. With each job done, we receive a new opportunity to transform our work environment and the world we live in. Get to know our action fronts.
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Opportunities for professionals
Our recruitment process has been changing and is in line with the cultural transformation we are going through. Access the job vacancies portal and come be part of this history.
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Opportunities for students
Have you ever thought about starting your professional life at a company that invests in people and in a transparent and inclusive work environment? Get to know our Internship and Professional Training Program.
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We believe that business partners are essential to live our purpose, to improve life and transform the future - together. Learn about our guidelines to be part of our supply chain.
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I'm a Supplier (Brazil only)
We seek to work with a chain of suppliers that contribute to a more ethical and fairer society. Our relationships are based on honesty, dialogue and transparency. Learn more about our materials and services.
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Our Future
Our Future
We want to transform the future. For this reason, we are already working with local communities and different sectors of society with the aim of leaving a positive social, economic, cultural and environmental legacy. Discover our initiatives.
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Culture
We believe that living the culture makes it possible for people to expand their knowledge and create new perspectives for the future. In this regard, for over two decades Vale has invested in and fostered the multiple Brazilian cultural manifestations.
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Sustainability
We think, dialogue, design and build, together, a future for mining and for the planet, while taking care of the present. Learn more about our commitments to sustainability.
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Innovation
Innovation is one of the main pillars for achieving our purpose. We use technology to redesign our ways of working. Learn how.
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Reparation
Reparation
We will never forget Brumadinho. We have learned from our history and we are committed to the full reparation of the communities and people impacted by the dam collapse, in accordance with the signed legal agreement.
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Production and Sales Report 2022
• Vale’s Q4 performance was marked by strong iron ore fines and nickel sales, up 24% and 30% q/q respectively, converting into sales the inventories formed in the previous quarter.
• Iron ore production totaled 308 Mt in 2022, 2% lower y/y, mainly due to (i) licensing delays at Serra Norte; and (ii) jaspilite waste processing and operational performance at S11D. This was partially offset by (i) continued production ramp-up at Vargem Grande; (ii) higher dry processing production at Brucutu; and (iii) higher third-party purchase.
• Pellets production totaled 32 Mt in 2022, up 1% y/y, with an improved mix of direct reduction pellets (49% of total production vs. 41% in 2021), leveraging on the higher-quality feed and taking advantage of better market premiums.
• Nickel production grew 6% in 2022 to 179 kt, largely due to the stabilization of Sudbury operations after the labor strike in 2021, as well as consistent and strong performance at Onça Puma. This was partially offset by lower feed availability owing to PTVI furnace rebuild and the later ramp-up of VBME.
• Copper production decreased 15%, totaling 253 kt in 2022, due to extended maintenance at Sossego mill during the first half of the year, and additional maintenance required at both Sossego and Salobo. This was partially offset by higher production in Canada owing to the stabilization of Sudbury mines and the recovery of copper from copper precipitates in Thompson, reducing waste as part of our approach to circular mining.
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Reparation
Vale
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