Photo: Ricardo Teles.

Building the Vale of the Future

April 2024

We have materially de-risked Vale

Strategic roadmap 2019-2022

Strategy for the Vale of the future

2

Key levers to execute our strategy

Safety Journey

Iron Ore Operational Stability

Iron Ore Growth and Quality

Energy Transition Metals Transformation

ESG Leadership

3

Key levers to execute our strategy

Safety Journey

4

Safety Journey

Enhancing safety

High-potential recordable injuries (N2)¹ (unit)

57

-67%

19

2019 2023

Total recordable injury frequency rate (TRIFR)²

2.69

-61%

1.06

2019 2023

TRIFR² comparison against major peers (2022)

Source: International Council on Mining and Metals - ICMM

+80%

+96%

+98%

+270%

4.15

2.02

2.19

2.22

1.12

Vale

Peer 1

Peer 2

Peer 3

Peer 4

5

¹ Absences, restrictions, and medical treatments resulting from events with a high potential for harm. ² Total Injuries, medical treatment injuries and occupational Illnesses, multiplied by one million hours and divided by the exposure hours.

Safety Journey

Substantial progress in dam safety and tailings management

Governance

2019

  • Strengthen 3-lineof defense model
  • Geotechnical Risk Committee.
  • 100% of the population close to risk areas removed

Adoption of

International Best

Practices

  • New TDMS (Tailings and Dams Management System)
  • 3 Geotechnical Monitoring
    Centers
  • Engineer of Record
  • Improved technical

understanding of V 's ms

("As-is" proj ct)

  • Adoption of GISTM (Aug/20)

2023-2025

GISTM

(global industry standart

Lower Risk

tailings management)

World-class standards

Solutions

and processes

  • Hazard Identification and Risk Analysis (HIRA) for dams and tailings facilities
  • Upstream dam elimination program
  • New way to operate alternatives
    to tailings - Filtered Tailings
  • Co-products

Cultural Transformation Journey

Safety Journey

Backup dam for Forquilhas

315 m length

93m height

7

Safety Journey

Progressing on dam safety

Upstream dam decharacterization program

Ongoing

Complete

+66%

Dams at emergency level¹

35

Level 3

Level 2

4

-46%

Level 1

+43%

13

10

730

7

-71%

19

2

4

10

24

13

5

5

2019-23

2024-26

2027+

Total

Investment of ~US$ 5.0 billion¹

Geotechnical Monitoring Center

(Nova Lima, Minas Gerais, Brazil)

2020²

Apr 2024

2025

No dams at level 3 by 2025

8

¹ Dams include geotechnical facilities dedicated to mining processes. ² Considering the highest number of structures at emergency level, in 2020. ³ As of March 22, 2024.

Safety Journey

New way to operate: less tailings and reduced usage of dams

Filtration Plant, Cauê

4 filtration plants in operation

US$ 2.5 bn invested

Dry tailings used as co-products

Sand as raw material for civil construction

Agera:

Sand stockpile , Brucutu site

  • Created to develop our Sustainable Sand business
  • ~900kt already used in civil construction and road paving

Circular mining approach

9

Safety Journey

Click here to

watch a video

10

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Disclaimer

Vale SA published this content on 07 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 May 2024 19:49:05 UTC.