VALE S.A.

Vale S.A. is one of the world's leading metallurgy and mining groups. Revenues break down by family of products as follows:

- ferrous minerals and metals (79.9%): ferrous minerals (77.9% of revenues; 269.3 Mt sold in 2019), ferrous mineral granules (19.8%; 43.2 Mt), iron alloys and manganese (1%; 1.1 Mt), and other (1.3%);

- non-ferrous minerals and metals (16.4%): nickel, precious metals, and cobalt (67.8% of revenues; 0.2 Mt of nickel sold), and copper (32.2%; 0.1 Mt);

- coal (2.7%): metallurgical coal (4.4 Mt sold) and thermal coal (4.4 Mt);

- other (1%).

Revenues are distributed geographically as follows: Brazil (9%), the United States (3.7%), Americas (3.7%), China (48.6%), Japan (7%), Asia (8.3%), Europe (13.8%) and Middle East/Africa/Oceania (5.9%).