0001292814-24-001407.txt : 20240417 0001292814-24-001407.hdr.sgml : 20240417 20240416184810 ACCESSION NUMBER: 0001292814-24-001407 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 7 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240417 DATE AS OF CHANGE: 20240416 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Vale S.A. CENTRAL INDEX KEY: 0000917851 STANDARD INDUSTRIAL CLASSIFICATION: METAL MINING [1000] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15030 FILM NUMBER: 24849016 BUSINESS ADDRESS: STREET 1: PRAIA DE BOTAFOGO, 186 CITY: RIO DE JANEIRO STATE: D5 ZIP: 22250-145 BUSINESS PHONE: 55 21 3485-3900 MAIL ADDRESS: STREET 1: PRAIA DE BOTAFOGO, 186 CITY: RIO DE JANEIRO STATE: D5 ZIP: 22250-145 FORMER COMPANY: FORMER CONFORMED NAME: Companhia Vale do Rio Doce DATE OF NAME CHANGE: 20051108 FORMER COMPANY: FORMER CONFORMED NAME: VALLEY OF THE RIO DOCE CO DATE OF NAME CHANGE: 20020129 FORMER COMPANY: FORMER CONFORMED NAME: VALLEY OF THE DOCE RIVER CO DATE OF NAME CHANGE: 19950602 6-K 1 vale20240416_6k.htm 6-K

 

 

 

United States

Securities and Exchange Commission

Washington, D.C. 20549

 

FORM 6-K

 

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

of the

Securities Exchange Act of 1934

 

For the month of

 

April 2024

 

Vale S.A.

 

Praia de Botafogo nº 186, 18º andar, Botafogo
22250-145 Rio de Janeiro, RJ, Brazil

(Address of principal executive office)

 

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

 

(Check One) Form 20-F x Form 40-F ¨

 

 

 

 
 

   

 

Vale’s production and sales in 1Q24

Rio de Janeiro, April 16th, 2024

•Vale’s Q1 performance was marked by robust iron ore sales, which increased by 15% y/y, and by consistent improvement in iron ore operations. On copper, Salobo 3 reached ~90% average throughput rate in the quarter. On nickel, Canadian and Indonesian operations delivered stronger performance y/y.
•Iron ore production totaled 70.8 Mt, increasing 6% y/y, driven by S11D’s improved operating performance, continued asset reliability initiatives and higher 3rd party purchases. Pellets production totaled 8.5 Mt, up 2% y/y, driven by higher pellet feed availability. Iron ore sales reached 63.8 Mt in 1Q24, 15% higher y/y.
•Copper production totaled 81.9 kt, 22% higher y/y, driven by a continued solid ramp-up at Salobo 3, as well as by better operational performance at the Salobo 1 & 2 plants.
•Nickel production totaled 39.5 kt, decreasing by 4% y/y, mainly reflecting the Onça Puma furnace rebuild, partially offset by stronger performance at the Canadian and Indonesian operations.

 

 

Production summary

000’ metric tons 1Q24 4Q23 ∆ q/q 1Q23 ∆ y/y 2024 guidance
Iron ore1 70,837 89,397 -20.8% 66,774 6.1% 310-320 Mt
Pellets 8,467 9,851 -14.0% 8,318 1.8% 38-42 Mt2
Copper 81.9 99.1 -17.4% 67.0 22.2% 320-355 kt
Nickel 39.5 44.9 -12.0% 41.0 -3.7% 160-175 kt

1 Including third-party purchases, run-of-mine and feed for pelletizing plants.

2 Iron ore agglomerates guidance, including iron ore pellets and briquettes.

 

Sales summary

000’ metric tons 1Q24 4Q23 ∆ q/q 1Q23 ∆ y/y
Iron ore 63,826 90,328 -29.3% 55,659 14.7%
Fines1 52,546 77,885 -32.5% 45,861 14.6%
Pellets 9,225 10,285 -10.3% 8,133 13.4%
ROM 2,056 2,158 -4.7% 1,665 23.5%
Copper 76.8 97.5 -21.2% 62.7 22.5%
Nickel 33.1 47.9 -30.9% 40.1 -17.5%

1 Including third-party purchases.

 

 

Price realization summary

US$/t 1Q24 4Q23 ∆ q/q 1Q23 ∆ y/y
Iron ore fines (CFR/FOB, wmt) 100.7 118.3 -14.9% 108.6 -7.3%
Iron ore pellets (CFR/FOB, wmt) 171.9 163.4 5.2% 162.5 5.8%
Copper1 7,687 7,941 -3.2% 9,465 -18.8%
Nickel 16,848 18,420 -8.5% 25,260 -33.3%

1 Average realized price for copper operations only (Salobo and Sossego). Average realized copper price for all operations, including copper sales originated from nickel operations, was US$ 7,632/t in 1Q24.

 

 
1 
 

 

Business highlights in 1Q24

 

Iron Ore and Pellets operations

·

Northern System: S11D’s production is the main positive highlight, up 1.4 Mt y/y. S11D achieved the highest Q1 output since 2020, with continued asset reliability initiatives securing greater operational stability during the rainy season. At Serra Norte, production decreased y/y due to reduced ROM availability, as expected in the mine development plan. Shipments at Ponta da Madeira port improved by 17% y/y as a result of several initiatives to minimize the impact of rainfall, like cargo moisture management and others.

  
    
·

Southeastern System: output was 1.0 Mt higher y/y, driven by: (i) Brucutu and Timbopeba plants’ solid operational performance and (ii) higher third-party purchases. These effects were partially offset by lower production at Alegria, caused by plant adjustments aiming to increase higher quality ore processing.

  
    
·

Southern System: production increased by 2.9 Mt y/y, mainly driven by greater stability at Vargem Grande and Mutuca, with initiatives to minimize rainfall impact bearing fruit and (ii) higher third-party purchases.

  
  
·

Pellets: production was 0.1 Mt higher y/y, due to increased pellet feed availability from the Southeastern and Southern System mines, driving higher pellet output in the Tubarão and Vargem Grande plants.
    
·

Iron ore sales increased by 8.2 Mt y/y, totaling 63.8 Mt. The strong performance was driven by the absence of port loading restrictions that negatively impacted the Ponta da Madeira port in 1Q23. The difference between production and sales is explained by Vale’s supply chain effects and inventories formation driven by cargos transiting to distribution centers.
    
·

Average realized iron ore fines price was US$ 100.7/t, US$ 17.6/t lower q/q, largely impacted by provisional pricing adjustments due to lower-than-average forward prices on the last day of the quarter. The average realized iron ore pellet price was US$ 171.9/t, US$ 8.5/t higher q/q, as quarterly contract pellet premiums increased, while pellet sales are generally not impacted by provisional pricing adjustments.
    
·

The all-in premium totaled US$ 2.2/t1, slightly higher q/q. Given current market conditions with a lower price spread for low-grade materials, Vale continued to prioritize the sale of blended and high-silica products in Q1, in order to maximize its product portfolio value.

1 Iron ore fines premium of US$ -1.6/t and the weighted average contribution of the pellet business of US$ 3.8/t.

 
2 
 


Copper operations

·

Salobo: copper production increased by 15.6 kt y/y mainly due to the continued ramp-up at Salobo 3, which reached ~90% average throughput in Q1. Salobo 1 & 2 plants also posted strong performance in the quarter, with 14% higher throughput rate, 10% higher productivity and 3% higher asset availability y/y. On a sequential basis, production decreased by 6.8 kt, mainly due to lower feed grades, which was expected as per the mine development plan.

  
    
·

Sossego: copper production decreased by 1.0 kt y/y and 9.1 kt q/q due scheduled maintenance shutdown and lower ore grades, as expected. Maintenance works are anticipated to be completed by late April. In January, the SAG mill achieved record results, namely: (i) highest monthly throughput since August 2018, (ii) highest productivity since October 2018 and (iii) highest operational efficiency since December 2020.
    
·

Canada: copper production was 0.4 kt higher y/y and decreased by 1.1 kt q/q. Copper production was positively impacted by a 1.6 kt increase in production from Canadian mines, especially as result of an 8% y/y increase in own sourced ore production at the Clarabelle mill in Sudbury. The weaker q/q performance was impacted by the winter season at the Thompson site.
    
·

Payable copper sales2 totaled 76.8 kt in the quarter, up 14.1 kt y/y and down 20.7 kt q/q, in line with production levels.

    
·

Average copper realized price was US$ 7,687/t, 3% lower q/q, mainly a result of the impact of purchase price adjustments in Q4.

2 Sales volumes are lower than production volumes due to payable copper vs. contained copper: part of the copper contained in the concentrates is lost in the smelting and refining process, hence payable quantities of copper are approximately 3.5% lower than contained volumes.

 
3 
 

 

Nickel operations

·

Sudbury-sourced ore: finished nickel production increased by 0.7 kt y/y and 0.2 kt q/q, as a result of better performance of the Sudbury mines, supported by the ramp-up of the Copper Cliff South mine, which was partially offset by corrective maintenance at the Copper Cliff Refinery.

  
   
·

Thompson-sourced ore: finished nickel production was flat y/y and 0.8 kt lower q/q. The q/q decrease was mainly a result of internal inventory rebuild after a strong quarter in 4Q23.
     
·

Voisey’s Bay-sourced ore: finished nickel production was flat y/y and increased by 0.9 kt q/q, driven by the availability of Voisey’s Bay-sourced feedstock at Long Harbour. Contained nickel in ore mined at Voisey’s Bay increased by 55% y/y as the underground mines continued to ramp up.
     
·

Third-party feed: finished nickel production decreased by 2.1 kt y/y and 3.9 kt q/q, as planned. The consumption of third-party feed is in line with the strategy to maximize the utilization and performance of our downstream operations.
     
·

Indonesia-sourced material: finished nickel production increased by 4.7 kt y/y, mainly reflecting the robust performance of the Indonesia-Matsusaka-Clydach flowsheet. Production decreased by 1.1 kt q/q as result of planned maintenance at the Matsusaka refinery in March. Nickel in matte production at PTVI was 18.4 kt in the quarter, representing a 1.4 kt increase y/y and a 0.9 kt decrease q/q.
     
·

Onça Puma: nickel production decreased by 4.9 kt y/y and 0.6 kt q/q as operations have been halted since October 2023 for the furnace rebuild. The rebuild works were completed in mid-March. Currently, the electrical furnace is heating up and the plant is on track to resume production in early May.
     
·

Nickel sales totaled 33.1 kt in the quarter, 6.4 kt lower than quarterly production, mainly due to VBM’s inventory strategy to meet committed sales during planned maintenance at the refineries in Q2.
     
·

Average nickel realized price was US$ 16,848/t, down 33% y/y and 9% q/q, mainly driven by a 36% and 4% decrease in LME nickel reference prices y/y and q/q, respectively (US$ 16,589/t in 1Q24 vs. US$ 25,983/t in 1Q23 vs. US$ 17,247/t in 4Q23). In the quarter, the average realized nickel price was 1.6% higher than the LME mainly as a result of higher share of Class I products sales, which are sold at a premium to the market reference price.
     
 
4 
 

ANNEX 1 - Production and sales summary

 

 

1 Including third party purchases, run-of-mine and feed for pelletizing plants. Excluding Midwestern System volumes. Vale’s product portfolio Fe content reached 62.0%, alumina 1.2% and silica 6.5% in 1Q24.

2 Including third-party purchases.

3 Products concentrated in Chinese facilities.

Iron ore

000’ metric tons 1Q24 4Q23 ∆ q/q 1Q23 ∆ y/y
Northern System 35,929 48,852 -26.5% 35,771 0.4%
Serra Norte and Serra Leste 18,218 28,702 -36.5% 19,450 -6.3%
S11D 17,711 20,150 -12.1% 16,321 8.5%
Southeastern System 19,561 21,595 -9.4% 18,604 5.1%
Itabira (Cauê, Conceição and others) 7,599 7,979 -4.8% 7,439 2.2%
Minas Centrais (Brucutu and others) 6,408 6,658 -3.8% 5,411 18.4%
Mariana (Alegria, Timbopeba and others) 5,555 6,959 -20.2% 5,753 -3.4%
Southern System 15,347 18,949 -19.0% 12,399 23.8%
Paraopeba (Mutuca, Fábrica and others) 6,525 8,758 -25.5% 4,326 50.8%
Vargem Grande (VGR, Pico and others) 8,822 10,191 -13.4% 8,074 9.3%
IRON ORE PRODUCTION1 70,837 89,397 -20.8% 66,774 6.1%
OWN PRODUCTION 65,024 81,585 -20.3% 63,490 2.4%
THIRD-PARTY PURCHASES 5,813 7,812 -25.6% 3,284 77.0%
IRON ORE SALES 63,826 90,328 -29.3% 55,659 14.7%
FINES SALES2 52,546 77,885 -32.5% 45,861 14.6%
IOCJ 9,453 13,074 -27.7% 11,215 -15.7%
BRBF 25,715 45,199 -43.1% 20,345 26.4%
Pellet feed – China (PFC1)3 2,536 3,279 -22.7% 2,642 -4.0%
Lump 1,809 1,871 -3.3% 1,394 29.8%
High-silica products 8,490 8,646 -1.8% 5,536 53.4%
Other fines (60-62% Fe) 4,543 5,816 -21.9% 4,739 -4.1%
PELLET SALES 9,225 10,285 -10.3% 8,133 13.4%
ROM SALES 2,056 2,158 -4.7% 1,665 23.5%
SALES FROM 3RD PARTY PURCHASE 5,648 7,807 -27.7% 3,545 59.3%

 

 

 

 

Pellets

000’ metric tons 1Q24 4Q23 ∆ q/q 1Q23 ∆ y/y
Northern System 766 735 4.2% 784 -2.3%
  São Luis 766 735 4.2% 784 -2.3%
Southeastern System 4,852 5,618 -13.6% 4,668 3.9%
  Itabrasco (Tubarão 3) 557 739 -24.6% 951 -41.4%
  Hispanobras (Tubarão 4) 688 892 -22.9% - n.m.
  Nibrasco (Tubarão 5 and 6) 1,153 1,585 -27.3% 1,208 -4.6%
  Kobrasco (Tubarão 7) 852 899 -5.2% 948 -10.1%
  Tubarão 8 1,601 1,503 6.5% 1,562 2.5%
Southern System 1,219 1,175 3.7% 1,147 6.3%
  Fábrica - - - - -
  Vargem Grande 1,219 1,175 3.7% 1,147 6.3%
Oman 1,629 2,323 -29.9% 1,719 -5.2%
PELLET PRODUCTION 8,467 9,851 -14.0% 8,318 1.8%
PELLET SALES 9,225 10,285 -10.3% 8,133 13.4%

 

 
5 
 

 

 

1 External feed purchased from third parties and processed into copper in our Canadian operation.

Copper - Finished production by source

000’ metric tons 1Q24 4Q23 ∆ q/q 1Q23 ∆ y/y
Brazil 60.6 76.7 -21.0% 46.1 31.5%
Salobo 48.4 55.2 -12.3% 32.8 47.6%
Sossego 12.3 21.4 -42.5% 13.3 -7.5%
Canada 21.3 22.4 -4.9% 20.9 1.9%
Sudbury 16.8 15.4 9.1% 16.3 3.1%
Thompson 0.4 2.9 -86.2% 0.1 300.0%
Voisey's Bay 2.7 2.7 0.0% 2.0 35.0%
Feed from third parties1 1.3 1.4 -7.1% 2.5 -48.0%
COPPER PRODUCTION 81.9 99.1 -17.4% 67.0 22.2%
COPPER SALES 76.8 97.5 -21.2% 62.7 22.5%
Copper Sales Brazil 56.4 76.3 -26.1% 43.2 30.6%
Copper Sales Canada 20.4 21.2 -3.8% 19.5 4.6%

 

 

1 External feed purchased from third parties and processed into finished nickel in our Canadian operations.

2 Includes intermediates produced in Thompson and PTVI, tolling and others.

 

 

 

 

Nickel

000’ metric tons 1Q24 4Q23 ∆ q/q 1Q23 ∆ y/y
FINISHED PRODUCTION BY SOURCE          
Canada 16.9 16.7 1.2% 16.3 3.7%
Sudbury 10.2 10.0 2.0% 9.5 7.4%
Thompson 2.4 3.2 -25.0% 2.5 -4.0%
Voisey's Bay 4.4 3.5 25.7% 4.3 2.3%
Indonesia 18.7 19.8 -5.6% 14.0 33.6%
Brazil - 0.6 -100.0% 4.9 -100.0%
Feed from third-parties1 3.8 7.7 -50.6% 5.9 -35.6%
FINISHED PRODUCTION BY SITE          
Sudbury 13.8 16.2 -14.8% 14.0 -1.4%
Voisey’s Bay & Long Harbour 7.7 8.3 -7.2% 8.7 -11.5%
Onça Puma - 0.6 -100.0% 4.9 -100.0%
Clydach 10.2 10.5 -2.9% 8.2 24.4%
Matsusaka 3.3 3.9 -15.4% 1.9 73.7%
Others2 4.5 5.4 -16.7% 3.4 32.4%
NICKEL PRODUCTION 39.5 44.9 -12.0% 41.0 -3.7%
NICKEL SALES 33.1 47.9 -30.9% 40.1 -17.5%

 

 

 

1 Includes Gold from Copper and Nickel operations.

2 Includes Iridium, Rhodium, Ruthenium and Silver.

3 Copper equivalent tons calculated using average market metal prices for each quarter. Market reference prices: for copper and cobalt: LME spot; for Gold, Silver, Platinum, and Palladium: Bloomberg; for other PGMs: Johnson Matthey.

Energy Transition Metals by-products - Finished production

  1Q24 4Q23 ∆ q/q 1Q23 ∆ y/y
COBALT (metric tons) 482 549 -12.2% 597 -19.3%
PLATINUM (000’ oz troy) 30 31 -3.2% 34 -11.8%
PALLADIUM (000’ oz troy) 39 39 0.0% 40 -2.5%
GOLD (000’ oz troy)1 104 123 -15.4% 79 31.6%

TOTAL BY-PRODUCTS

(000’ metric tons Cu eq.)2 3

 38 45 -15.6% 34 11.8%

 

 

 
6 
 

 

ANNEX 2 – Energy Transition Metals: Preventive Maintenance scheduled in 2024

 

  Q1 Q2 Q3 Q4
Copper operations        
Salobo        
Salobo I&II < 1 week 1 week 1 week 1 week
Salobo III < 1 week 1 week 1 week 1 week
Sossego        
Sossego 4.5 weeks 4 weeks 1.5 weeks 1.5 week
Nickel operations        
Sudbury        
Coleman     4 weeks  
Creighton   1 week 5 weeks  
Copper Cliff North     3.5 weeks  
Copper Cliff South     2.5 week  
Garson     4 weeks  
Totten     3 weeks  
Clarabelle mill     4.5 weeks  
Sudbury Smelter   5 weeks    
Sudbury Refinery   6 weeks    
Port Colborne (Ni, Co & PGMs)   6 weeks    
Thompson        
Thompson mine     4.5 weeks  
Thompson mill     4.5 weeks  
Voisey’s Bay & Long Harbour
Voisey’s Bay   2 weeks   1 week
Long Harbour Refinery   4.5 weeks    
Standalone Refineries        
Clydach   5 weeks    
Matsusaka 6.5 weeks      
Indonesia        
PTVI (furnaces/kilns only) 0 weeks 1.5 weeks 1 weeks <1 week
Brazil        
Onça Puma 11 weeks¹  <1 week <1 week <1 week

¹ Refers to the furnace rebuild. The ramp up after maintenance is not included in the number of weeks.

Note: The maintenance schedule may be deliberately adjusted if it proves beneficial for operations and the overall business. The number of weeks is rounded to 0.0 or 0.5 and may involve more than one maintenance activity within the quarter.

 

 
7 
 

 

Further information on Vale can be found at: vale.com

 

Investor Relations

Vale IR: vale.ri@vale.com

Thiago Lofiego: thiago.lofiego@vale.com

Luciana Oliveti: luciana.oliveti@vale.com

Mariana Rocha: mariana.rocha@vale.com

Patrícia Tinoco: patricia.tinoco@vale.com

Pedro Terra: pedro.terra@vale.com

 

 

 

This press release may include statements about Vale's current expectations about future events or results (forward-looking statements), including in particular expectations for production and sales of iron ore, nickel and copper on pages 1, 2, 3 and 4. Many of those forward-looking statements can be identified by the use of forward-looking words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "estimate" “will” and "potential," among others. All forward-looking statements involve various risks and uncertainties. Vale cannot guarantee that these statements will prove correct. These risks and uncertainties include, among others, factors related to: (a) the countries where Vale operates, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. Vale cautions you that actual results may differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation. Vale undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information or future events or for any other reason. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports that Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM) and, in particular, the factors discussed under “Forward-Looking Statements” and “Risk Factors” in Vale’s annual report on Form 20-F.

 

 
8 
 

Signatures

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  Vale S.A.
(Registrant)  
   
  By: /s/ Thiago Lofiego
Date: April 16, 2024   Director of Investor Relations

 

 GRAPHIC 2 vale202404166k_001.jpg GRAPHIC begin 644 vale202404166k_001.jpg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end GRAPHIC 3 vale202404166k_002.jpg GRAPHIC begin 644 vale202404166k_002.jpg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
GRAPHIC 4 vale202404166k_003.jpg GRAPHIC begin 644 vale202404166k_003.jpg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vale202404166k_004.jpg GRAPHIC begin 644 vale202404166k_004.jpg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vale202404166k_005.jpg GRAPHIC begin 644 vale202404166k_005.jpg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end GRAPHIC 7 vale202404166k_006.jpg GRAPHIC begin 644 vale202404166k_006.jpg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end