Vale SA, a leading global mining company, has released its consolidated interim financial statements for the six-month period ending June 30, 2024. The report, filed with the United States Securities and Exchange Commission, details the company's financial position, including net operating revenue, costs and expenses, financial results, and earnings per share. Vale reported a net income of $2,769 million for the three-month period ending June 30, 2024, and $4,456 million for the six-month period. The company's basic and diluted earnings per share for common shares were $0.65 and $1.04 for the respective periods. The report also includes comprehensive income statements, cash flow statements, and a detailed statement of financial position, highlighting assets, liabilities, and equity. Vale's financial assets and liabilities are categorized...Show More

Vale SA, a leading global mining company, has released its consolidated interim financial statements for the six-month period ending June 30, 2024. The report, filed with the United States Securities and Exchange Commission, details the company's financial position, including net operating revenue, costs and expenses, financial results, and earnings per share. Vale reported a net income of $2,769 million for the three-month period ending June 30, 2024, and $4,456 million for the six-month period. The company's basic and diluted earnings per share for common shares were $0.65 and $1.04 for the respective periods. The report also includes comprehensive income statements, cash flow statements, and a detailed statement of financial position, highlighting assets, liabilities, and equity. Vale's financial assets and liabilities are categorized and valued according to international accounting standards, with a focus on market risk management, including foreign exchange and interest rates. The company has also addressed its obligations related to the Brumadinho dam failure and the Samarco dam failure, detailing provisions, contingent liabilities, and insurance matters. Additionally, Vale has engaged in transactions with related parties, including joint ventures, associates, and key management personnel. The report concludes with signatures from Vale's Director of Investor Relations, confirming the accuracy and authorization of the financial statements.