Vale (NYSE: VALE) advances negotiations on major railway concessions

Rhea-AI Filing Summary

Vale S.A. reports that its Board of Directors has authorized the Executive Committee to continue negotiations to optimize the concession contracts for the Carajás Railway (EFC) and the Vitória a Minas Railway (EFVM) in Brazil. The talks involve the Ministry of Transport, the National Land Transportation Agency, Infra S.A. and the Office of the Attorney General of the Union, each acting within its legal authority.

Vale reiterates it remains in full compliance with all obligations under the existing concession contracts and committed to the guidelines of an agreement signed on December 30, 2024. Once the optimization is concluded and approved by the Federal Court of Accounts, the company expects greater predictability, legal certainty and clarity around obligations and investments for these two key rail concessions, supporting long‑term operational efficiency and the sustainability of its integrated logistics system.

Key Terms

Concession Contracts, Federal Court of Accounts (TCU), National Land Transportation Agency (ANTT), integrated logistics system, +1 more

5 terms

Concession Contracts financial

"negotiations concerning the optimization of the concession contracts of the Carajás Railway"

Federal Court of Accounts (TCU) regulatory

"The conclusion of the Concession Contracts optimization, when approved by the Federal Court of Accounts (TCU)"

National Land Transportation Agency (ANTT) regulatory

"with the Brazilian Ministry of Transport (MT), the National Land Transportation Agency (ANTT), Infra S.A."

integrated logistics system technical

"contributing to its long‑term operational efficiency, as well as to the sustainability of its integrated logistics system"

Forward-Looking Statements regulatory

"the factors discussed under “Forward-Looking Statements” and “Risk Factors” in Vale’s annual report"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

Form 6-K: How Foreign Companies Report to the SEC →

United States

Securities and Exchange Commission

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16

of the

Securities Exchange Act of 1934

For the month of

April 2026

Vale S.A.

Praia de Botafogo nº 186, 18º andar, Botafogo
22250-145 Rio de Janeiro, RJ, Brazil

(Address of principal executive office)

(Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.)

(Check One) Form 20-F x Form 40-F ¨

Vale updates on railway concession contracts negotiations Rio de Janeiro, April 16, 2026 – Further to the Company’s prior disclosures on this matter1, Vale S.A. (“Vale” or the “Company”) announces that its Board of Directors approved, on this date, the continuation, by the Company’s Executive Committee, of negotiations concerning the optimization of the concession contracts of the Carajás Railway (Estrada de Ferro Carajás – EFC) and the Vitória a Minas Railway (Estrada de Ferro Vitória a Minas – EFVM) (the “Concession Contracts”). These discussions are being held with the Brazilian Ministry of Transport (MT), the National Land Transportation Agency (ANTT), Infra S.A., and the Office of the Attorney General of the Union (AGU), within the scope of their respective legal authorities. Vale reaffirms its commitment to the guidelines and general framework for the optimization process set forth in the agreement entered into on December 30, 2024, notably with respect to the asset base and infrastructure works. The Company is in full compliance with, and will continue to fully perform, all obligations provided for under the Concession Contracts. The conclusion of the Concession Contracts optimization, when approved by the Federal Court of Accounts (TCU), is expected to provide greater predictability, legal certainty, and finality with respect to the obligations and investments associated with Vale’s two railway concessions, ensuring an appropriate balance between the Company’s rights and liabilities and contributing to its long‑term operational efficiency, as well as to the sustainability of its integrated logistics system. Marcelo Feriozzi Bacci Vice President, Finance and Investor Relations For further information, please contact: Vale.RI@vale.com Thiago Lofiego: thiago.lofiego@vale.com Luciana Oliveti: luciana.oliveti@vale.com Pedro Terra: pedro.terra@vale.com Patricia Tinoco: patricia.tinoco@vale.com This press release may include statements that present Vale’s expectations about future events or results. All statements, when based upon expectations about the future, involve various risks and uncertainties. Vale cannot guarantee that such statements will prove correct. These risks and uncertainties include factors related to the following: (a) the countries where we operate, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM) and in particular the factors discussed under “Forward-Looking Statements” and “Risk Factors” in Vale’s annual report on Form 20-F. 1 Notably, the Press Releases disclosed to the market on August 28, 2025, and December 30, 2024, respectively. Press Release

 

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Vale S.A. (Registrant)
	By:	/s/ Thiago Lofiego
Date: April 16, 2026		Director of Investor Relations

FAQ

What does Vale (VALE) announce in this Form 6-K about its railways?

Vale announces its Board has approved continued negotiations to optimize concession contracts for the Carajás Railway and the Vitória a Minas Railway in Brazil, aiming to refine obligations and investments while maintaining full compliance with existing terms and long-term logistical efficiency.

Which Brazilian authorities are involved in Vale (VALE)’s railway concession talks?

The negotiations involve the Brazilian Ministry of Transport, the National Land Transportation Agency, Infra S.A., and the Office of the Attorney General of the Union, each acting within its legal authority, reflecting a broad governmental engagement around Vale’s Carajás and Vitória a Minas railway concessions.

What outcome does Vale (VALE) expect from optimizing its railway concessions?

Vale expects that, once optimization is concluded and approved by the Federal Court of Accounts, the railway concessions will offer greater predictability, legal certainty, and finality regarding obligations and investments, supporting long-term operational efficiency and the sustainability of its integrated logistics system.

Is Vale (VALE) changing its current obligations under the railway concession contracts?

Vale states it is in full compliance with all obligations under the existing Carajás and Vitória a Minas concession contracts and will continue to fully perform them while negotiations proceed, indicating that current operational and contractual commitments remain in effect during the optimization process.

How does the December 30, 2024 agreement relate to Vale (VALE)’s current negotiations?

Vale reaffirms its commitment to the guidelines and framework set out in the December 30, 2024 agreement, especially regarding the asset base and infrastructure works, positioning the ongoing optimization talks as a continuation of previously disclosed understandings rather than a new standalone initiative.

What conditions must be met before Vale (VALE)’s railway concession optimization is finalized?

Vale explains that the conclusion of the optimization of the Carajás and Vitória a Minas railway concession contracts depends on approval by Brazil’s Federal Court of Accounts, making this institutional review a key step before any new framework around obligations and investments becomes definitive.