Exhibit 2.01

 

Resource Extraction Payment Report

Government-level disclosure

 

The table below sets forth our payments made to governments for the fiscal year ended December 31, 2025, by government and type of payment.

 

  (US$ million)
  Taxes Royalties Fees Payments for infrastructure improvements Community and social responsibility payments Total
North America   6.4   2.4 0.7 -   2.4 11.9
Canada   3.2   2.4 0.7 -   2.4   8.7
National   1.4 - - - -   1.4
Receiver General of Canada   1.2 - - - -   1.2
Canada Revenue Agency   0.2 - - - -   0.2
Manitoba - - - -   0.7   0.7
Nisichawayasihk Cree Nation - - - -   0.7   0.7
Newfoundland and Labrador -   2.4 0.3 -   0.4   3.1
Newfoundland Exchequer -   2.4 0.3 - -   2.7
Nunatsiavut Government - - - -   0.2   0.2
Innu Nation - - - -   0.2   0.2
Ontario   1.8 - 0.4 -   1.3   3.5
Treasurer of Ontario   1.8 - - - -   1.8
Ministry of Mines - - 0.2 - - 0.2
Atikameksheng Anishnawbek First Nation - - - -   0.7   0.7
Sagamok Anishnawbek First Nation - - - -   0.4   0.4
City of Greater Sudbury - - 0.2 -   0.2   0.4
United States   3.2 - - - -   3.2
U.S. Federal Government   3.2 - - - -   3.2
South America  2,009.3  765.0  736.3 552.6 12.2  4,075.4
Brazil  2,006.9  765.0  736.3  552.6 12.2  4,073.0
National  2,006.9  765.0 77.3  552.6 -  3,401.8
Ministry of Finance  2,006.9 -   0.2 - -  2,007.1
National Land Transport Agency - - 55.0  552.6 -  607.6
 
 

 

National Mining Agency -  765.0   0.2 - -  765.2
Rio de Janeiro Dock Company (Companhia Docas do Rio de Janeiro) - - 19.8 - - 19.8
Ministry of Transport - -   2.1 - -   2.1
Pará - -  605.7 -   9.5  615.2
State Department of Finance of Pará - -  605.7 - -  605.7
Other - - - -   9.5   9.5
Minas Gerais - - 50.0 -   2.7 52.7
State Department of Finance of Minas Gerais - - 50.0 -   0.1 50.1
Other - - - -   2.5   2.5
Maranhão - -   3.3 - -   3.3
Maranhão Port Administration Company (EMAP) - -   3.3 - -   3.3
Chile   0.9 - - - -   0.9
National   0.9 - - - -   0.9
General Treasury of the Republic   0.9 - - - -   0.9
Peru   1.5 - - - -   1.5
National   1.5 - - - -   1.5
Geological, Mining and Metallurgical Institute of Peru (INGEMMET)   1.3 - - - -   1.3
National Superintendency of State Assets of Peru (SBN)   0.2 - - - -   0.2
Asia-Pacific 51.9 -  212.3 - -  264.2
China, Mainland   8.6 -  210.6 - -  219.2
National   8.6 -  210.6 - -  219.2
State Taxation Administration 8.6 - - - - 8.6
Majority-owned ports - -  210.6 - -  210.6
Japan   9.5 - - - -   9.5
National   7.4 - - - -   7.4
The National Tax Agency of Japan   7.4 - - - -   7.4
Mie   2.1 - - - -   2.1
Other   2.1 - - - -   2.1
Malaysia 22.5 -   1.7 - - 24.2
National 22.5 -   0.9 - - 23.4
Inland Revenue Board of Malaysia 19.6 - - - - 19.6
Director General of Customs Malaysia   2.9 - - - -   2.9
Department of Director General of Lands and Mines - -   0.9 -    -   0.9
Perak - -   0.8 - -   0.8
Manjung Municipal Council - -   0.8 - -   0.8
Singapore 11.3 - - - - 11.3

 

 
 

 

National 11.3 - - - - 11.3
Inland Revenue Authority of Singapore 11.0 - - - - 11.0
Central Provident Fund Board   0.3 - - - -   0.3
Europe & Middle East 60.2 - 80.7 - -  140.9
Oman   8.1 - 80.7 - - 88.8
National   8.1 - 80.7 - - 88.8
Ministry Of Finance of Oman   7.3 - - - -   7.3
Director General of Customs of Oman   0.8 - - - -   0.8
Oman Charter Company SAOC - - 80.7 - - 80.7
Switzerland 41.9 - - - - 41.9
National   1.7 - - - -   1.7
Federal Tax Administration   1.7 - - - -   1.7
Vaud 40.2 - - - - 40.2
Cantonal Tax Administration 27.5 - - - - 27.5
Department of Finance Tax Administration 12.7 - - - - 12.7
United Kingdom 10.2 - - - - 10.2
National 10.2 - - - - 10.2
HM Revenue and Customs 10.2 - - - - 10.2
Total  2,127.7  767.4  1,030.1  552.6 14.6  4,492.4

 

 

 
 

Project-level disclosure

 

The table below sets forth our payments made to governments for the fiscal year ended December 31, 2025, by project and type of payment.

        (US$ million)
Type of resource Country / Major subnational jurisdiction Extraction method Business segment Taxes Royalties Fees Payments for infrastructure improvements Community and social responsibility payments Total
Iron ore Brazil - Pará Open pit Iron Ore Solutions   - 415.7  560.5 - 1.6 977.8
Brazil - Minas Gerais Open pit Iron Ore Solutions   -  268.8 50.0 - 2.7   321.5
Brazil - Maranhão Open pit Iron Ore Solutions   - - 3.3 - -  3.3
Total      -  684.5   613.8 - 4.3 1,302.6
Copper Brazil - Pará Open pit Vale Base Metals - 79.3  41.6 - -   120.9
Total      - 79.3  41.6 - -   120.9
Nickel Brazil - Pará Open pit Vale Base Metals - 1.1 3.6 - -  4.7
Canada - Manitoba Underground Vale Base Metals - - - -  0.7  0.7
Canada - Ontario Underground Vale Base Metals   - - 0.5 -  1.3  1.8
Canada – Newfoundland and Labrador Open pit/underground Vale Base Metals -  2.4 0.3 -  0.4  3.1
Total      -  3.5   4.4 -  2.4  10.3
Total        -  767.4  659.8 -  6.7 1,433.9

  

  (US$ million)
Projects Taxes Royalties Fees Payments for infrastructure improvements Community and social responsibility payments Total
Entity level 2,127.7 - 370.3 552.6 7.9 3,058.5
Total 2,127.7 - 370.3 552.6 7.9 3,058.5