| Schedule
of investment in associated and joint ventures |
|
|
|
|
|
|
|
|
|
| |
Business |
% ownership |
December 31, 2025 |
Equity results in income statement |
Dividends declared |
Translation adjustment |
Fair value remeasurement |
Others |
June 30, 2026 |
| Associates and joint ventures |
|
|
|
|
|
|
|
|
|
| In Brazil |
|
|
|
|
|
|
|
|
|
| Anglo American Minério de Ferro do Brasil S.A. |
Iron ore |
15.00 |
649 |
23 |
– |
– |
– |
– |
672 |
| Aliança Geração de Energia S.A. |
Energy |
30.00 |
240 |
9 |
(13) |
– |
– |
6 |
242 |
| Aliança Norte Energia Participações S.A. |
Energy |
51.00 |
66 |
(5) |
– |
4 |
– |
– |
65 |
| Companhia Coreano-Brasileira de Pelotização |
Pellets |
50.00 |
88 |
8 |
– |
5 |
– |
– |
101 |
| Companhia Hispano-Brasileira de Pelotização |
Pellets |
50.89 |
44 |
2 |
(2) |
4 |
– |
– |
48 |
| Companhia Ítalo-Brasileira de Pelotização |
Pellets |
50.90 |
75 |
3 |
– |
5 |
– |
2 |
85 |
| Companhia Nipo-Brasileira de Pelotização |
Pellets |
51.00 |
157 |
13 |
– |
10 |
– |
5 |
185 |
| MRS Logística S.A. |
Logistics |
49.01 |
804 |
49 |
(34) |
48 |
– |
– |
867 |
| Samarco Mineração S.A. (note 23) |
Pellets |
50.00 |
– |
– |
– |
– |
– |
– |
– |
| VLI S.A. |
Logistics |
29.60 |
410 |
20 |
– |
25 |
– |
2 |
457 |
| Others |
– |
– |
60 |
(4) |
– |
4 |
28 |
2 |
90 |
| Abroad |
|
|
|
|
|
|
|
|
|
| PT Vale Indonesia Tbk |
Vale Base Metals |
33.88 |
1,842 |
40 |
(15) |
(2) |
– |
– |
1,865 |
| Vale Oman Distribution Center |
Logistics |
50.00 |
594 |
21 |
(28) |
– |
– |
– |
587 |
| |
|
|
5,029 |
179 |
(92) |
103 |
28 |
17 |
5,264 |
| Other results in associates and joint ventures |
|
|
|
(43) |
|
|
|
|
|
| Equity results and other results in associates and joint ventures |
|
|
|
136 |
|
|
|
|
|