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Asset retirement obligations (Tables)
12 Months Ended
Dec. 31, 2019
Asset retirement obligations  
Schedule of changes in the provision of asset retirement obligations and long-term interest rates

 

 

 

 

 

 

 

 

    

December 31, 2019

    

December 31, 2018

 

Balance at beginning of the year

 

3,115

 

3,168

 

Present value valuation

 

37

 

15

 

Settlements

 

(47)

 

(27)

 

Revisions on cash flows estimates (i)

 

812

 

229

 

Translation adjustment

 

43

 

(270)

 

Balance at end of the year

 

3,960

 

3,115

 

Current

 

158

 

85

 

Non-current

 

3,802

 

3,030

 

 

 

3,960

 

3,115

 

Long-term interest rates (per annum)

 

 

 

 

 

Brazil

 

3.36

%

4.94

%

Canada

 

0.40

%

0.77

%

Mozambique

 

5.20

%

8.53

%

Other regions

 

0.60% - 4.78

%

1.33% - 5.73

%


(i)

In 2019, includes changes in discount rates and updating plans for mine closure, that also considers new legal requirements related to the decommissioning.