v3.25.2
Other financial assets and liabilities
 6 Months Ended
Jun. 30, 2025
Other Financial Assets And Liabilities  
Other financial assets and liabilities

13. Other financial assets and liabilities

         
    Current Non-Current
  Notes June 30, 2025 December 31, 2024 June 30, 2025 December 31, 2024
Other financial assets          
Restricted cash   – – 9 13
Derivative financial instruments 18 419 53 284 15
Investments in equity securities   – – 57 54
Loans - Related parties 29(a) 76 – 74 149
    495 53 424 231
Other financial liabilities          
Derivative financial instruments 18 116 197 112 428
Other financial liabilities - Related parties 29(b) 193 291 – –
Liabilities related to the concession grants 13(a) 539 467 2,092 1,887
Other   197 317 – 32
    1,045 1,272 2,204 2,347

 

a) Liabilities related to the concession grants

                 
  Consolidated Discount rate  
  December 31, 2024 Revision to estimates Monetary and present value adjustments Disbursements Translation adjustment June 30, 2025 June 30, 2025 December 31, 2024 Remaining term of obligations
Payment obligation 1,118 16 51 (27) 152 1,310 6,94% - 11,04% 7,32% - 11,04% 32 years
Infrastructure investment 1,236 29 53 (159) 162 1,321 6,82% - 8,13% 7,43% - 8,12% 8 years
  2,354 45 104 (186) 314 2,631      
Current liabilities 467         539      
Non-current liabilities 1,887         2,092      
Liabilities 2,354         2,631      

 

In December 2020, the Company entered into an agreement with the Federal Government to continue operating its concessions of the Estrada de Ferro Carajás (“EFC”) and Estrada de Ferro Vitória a Minas (“EFVM”) for thirty years more, extending the maturity date from 2027 to 2057.

Vale, the Brazilian National Land Transportation Agency (“ANTT”) and the Brazilian Federal Government, through the Ministry of Transportation (together: “Parties”), had been discussing the general conditions for concession contracts and on December 30,2024, the general basis for the renegotiation were agreed among the Parties and will comply with usual formalities and will be submitted for the authorities’ evaluation and approval. The renegotiation will be performed under the terms of the concession contracts, which remain in force, aiming to promote their modernization and updating.